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1 Balboa

Issuer Panama
Year 2015
Type Fantasy banknote
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Obverse lettering MONEDA FIDUCIARIA DE CURSO LEGAL EL BANCO AMERICANO DE LA REPUBLICA DE PANAMA UN BALBOA 1 SERIE DE 1918 A ESPECIMEN SIN VALOR NO A00000 CONSTE POR ESTE BILLETE QUE HAY DEPOSITADO EN EL BANCO UN 1 UN UN BALBOA AL PORTADOR PAGADERO A SOLICITUD BANKNOTE DESIGN 2015 RICHARD J. REED REED BANKNOTE CO., SARASOTA
Reverse description Central intaglio-style vignette of a classically draped allegorical female figure seated atop large barrels and bundles of goods, holding an open book; a steam locomotive and maritime vessels appear in the background to her left. Intricate guilloche rosettes incorporating a bold numeral "1" anchor each lateral margin, rendered in a monochromatic grey-green palette consistent with the archaic engraved aesthetic of the series. Collector disclaimer text is set within a ruled panel above the central vignette.
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Comments

Panama does not have a central bank and has never issued its own paper currency through one — the US dollar circulates as legal tender, with Panamanian coins (balboas) serving as the local denomination in metal. This 1 Balboa note is therefore a novelty or commemorative item, not an official state-issued banknote. Reed Banknote Co., operating out of Sarasota, produces private commemorative notes for collectors rather than government circulation issues.

Catalog inclusion depends on how the issuer field is interpreted. No legal tender status attaches to this piece under Panamanian law.

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