Panama, Republic, 1961 AD.,
1/4 Balboa (25 mm / 6,26 g), 0.9000 silver, mintage 2.000.000 , coin alignment ↑↓, reeded edge,
Obv.: REPUBLICA DE PANAMA // LEY / 0.900 - GR. / 6.25 // 1961 , national coat of arms.
Rev.: * UN QUARTO DE BALBOA * , armored bust of Vasco Núñez de Balboa left.
KM 25 .