Front: Armored bust explorer Vasco Núñez de Balboa (left)
(high relief)
* c. 1475, Jerez de los Caballeros, Badajoz, Spain
⚭ (by proxy) María de Peñalosa
† beheaded, ~15 January 1519 (aged c. 43–44) Acla, Panama
buried: unknown (no recorded info)
in front of wreath of an oak and an olive branch
legend: (above, texted value between spacers/diamonds) ◊MEDIO◊BALBOA◊
Back: Coat of arms (4 June 1904)
between (left, composition details) LEY 0.900 (right, weight) GR. 12.50
legend: (above, state name) REPVBLICA-DE-PANAMA
(bottom, year) 1930 - 1947 between two branches
Edge: G - grained, type: bars