Panama, Republic of. AR (.900) 1/10 Balboa. 1953, 50th Anniversary of Independence (2.51g; 18.1mm). O./ Arms of Panama with 9 stars above representing the nine provinces at the time (there are now ten) along with the country name above, silver content on both sides, date below. REPUBLICA DE PANAMA PRO MUNDI BENEFICIO LEY GR. 0.900 2.50 1953. R./ Armoured bust of Vasco Núñez de Balboa, a Spaniard and the first European who crossed the Isthmus reaching the Pacific by land and the first to discover the Perlas Archipelago in 1513, with the value above.  UN DECIMO DE BALBOA *CINCUENTENARIO*. KM#18. $10