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5 Balboas Republic
| Issuer | Panama |
|---|---|
| Year | 1978 |
| Type | Non-circulating coin |
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| Obverse description | The national coat of arms of Panama is displayed prominently at the center of the obverse, featuring a quartered shield surmounted by a displayed eagle with wings spread, the motto PRO MUNDI BENEFICIO inscribed on a ribbon across the shield. Nine stars arc above the arms. The circular legend REPUBLICA DE PANAMA and 75° ANIVERSARIO runs along the upper periphery, while the denomination 5 BALBOAS appears along the lower border, with the fineness mark LEY 0.925 and the Franklin Mint mark FM visible in the lower field. |
|---|---|
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| Mintage | 1978 FM - - 2,000 |
| Additional information |
Panama's 1978 five balboa issue was struck at the Franklin Mint under a contract arrangement common to many Latin American nations during the 1970s, when foreign minting capacity was routinely engaged for commemorative and collector-grade production. The balboa itself has never circulated independently as paper currency — Panama uses U.S. dollars for that purpose, making the balboa effectively a coin-only denomination since its introduction in 1904.
KM#52 is one of several five balboa types produced across this decade, and distinguishing the specific commemorative purpose of each requires cross-referencing the reverse program rather than the obverse alone.