Coat of arms with 9 stars above. Name of the country above, silver content on sides, wreath and date below.
Obverse script
Latin
Obverse lettering
REPUBLICA DE PANAMA
PRO MUNDI BENEFICIO
LEY GR.
0.900 12.50
1953 (Translation: Republic of Panama For the Benefit of the World 0.900 Purity 12.5 Grams)
Reverse description
Armoured bust with helmet of Vasco Núñez de Balboa facing left surrounded by value in letters and legend.
Reverse script
Latin
Reverse lettering
MEDIO BALBOA
CINCUENTENARIO (Translation: Half Balboa 50th Anniversary)