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1 Balboa
| Issuer | Republic of Panama |
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| Year | 1931-1947 |
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| Composition | Silver (.900) (Copper .100) |
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| Obverse description | Full standing figure of Liberty facing slightly right, draped in classical robes, holding a fasces in her right arm and an oak sprig in her left arm, the latter resting upon the Panamanian coat of arms in the left field. The legend REPVBLICA DE PANAMA arcs above along the rim, with the purity LEY 0.900 and weight GR 26.73 inscribed vertically to the right of the figure. The national motto PRO MUNDI BENEFICIO appears in the lower field, with the date in the exergue. |
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| Reverse description | Armored bust of Vasco Núñez de Balboa facing left, rendered in high relief with detailed period armor, centered within the field. The denomination VN BALBOA arcs along the upper rim, flanked by raised dots, while a laurel wreath appears below the bust truncation. The overall design is spare and dignified, reflecting the neoclassical engraving style of the period. |
| Reverse script | Latin |
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