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Obverse: Helmeted and armored bust of Vasco Nunez de Balboa within wreath.
Legend: - VN - BALBOA -
Reverse: Standing young female figure (personification of the young Republic), wearing Pilot´s helmet and goggles, holding fasces and oak-branch, and leaning on shield with arms of Panama adorned with an inscribed banner (PRO MVNDI BENEFICIO - "For the benefit of the world").
Legend: REPVBLICA DE PANAMA 1934 / LEY. 0,900 / GR. 26,73
Reference: KM-13.
Mintage: 500,000 pcs.
Weight: 26.65 gram of Silver (.900)
Diameter: 38 mm