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1 Centésimo
| Issuer | Panama |
|---|---|
| Year | 1935-1937 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Weight | 3.2 g |
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| Obverse description | The denomination 'UN CENTÉSIMO' is displayed in two lines of bold raised lettering across the center of the coin. Below the denomination, a sprig of leaves serves as an ornamental device in the lower field. The circular legend 'REPVBLICA - DE - PANAMA' runs along the periphery, separated by dashes, and is rendered in capital Latin letters. The overall design is simple and typographic in character, with no figurative portrait on this face. |
|---|---|
| Obverse script | Log in to see details |
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| Edge | Plain |
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| Additional information |
Panama's small-denomination coinage of this period was struck under contract at the Philadelphia Mint, a arrangement that had been in place since the republic's founding in 1903 — Panama never operated its own mint. The 1935–1937 issues fall within a broader interwar stretch during which Panamanian monetary policy was tightly coupled to the U.S. dollar at par, with the balboa serving as a nominal unit backed entirely by American silver and copper coinage in circulation.
Production quantities for this type were modest, dictated by actual circulation demand rather than speculative mintage planning.