Question #152366. Asked by
satguru.
Last updated Mar 19 2026.
Originally posted Feb 14 2026 9:04 PM.
Balboa was a Spaniard, the first European to cross the Isthmus, to reach the Pacific by land and discover the Perlas Archipelago (1513). The seven stars represent the country's seven provinces at that time (there are now ten). This coin is the smallest ever minted in the USA, thus its nickname "Panama pill". It was needed to make the 12.5 cents = 1 real of the former Hispanic-American monetary system when added to a 10-cent coin.
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