Description: Panama's coat of arms with nine stars, country name above, fineness, mintmark, and denomination below.
Inscription: REPUBLICA DE PANAMA
*********
PRO MUNDI BENEFICIO
FM
500/1000 ORO FINO
20 BALBOAS
Translation: REPUBLIC OF PANAMA
FOR THE BENEFIT OF THE WORLD
500/1000 FINE GOLD
20 BALBOAS