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2 1/2 Centésimos

Issuer Panama
Year 1929
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Value 21/2 Centesimos (21/2 centésimos) (0.025 PAB)
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Obverse script Latin
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Reverse description Plain field bearing the denomination expressed in full in five lines of bold capital letters arranged concentrically within a beaded border. The inscription reads DOS / Y / MEDIO / CENTÉSIMOS / DE / BALBOA, stating the value as two and a half centésimos of a Balboa. The design is entirely typographic with no additional imagery or ornamental devices, giving the reverse a stark and legible appearance characteristic of early Panamanian coinage.
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Additional information

Panama's 2½ centésimos denomination is an oddity born of practical arithmetic: the country pegged its balboa 1:1 to the U.S. dollar and sized its coin system to interoperate with American coinage, making a 2½-unit piece the logical equivalent of a U.S. half-cent in local transactions. The denomination was never revisited after this series ended, making the 1929 issue one of the final strikes of a genuinely short-lived fractional concept.

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