1962 1/10 balboa coin featuring the arms of Panama with nine stars on the obverse and a portrait of Vasco Núñez de Balboa on the inverse. The nine stars represent the nine provices there were at the time, there are now ten.

1966 1/4 balboa coin featuring arms of Panama on the obverse and portrait of Vasco Núñez de Balboa on the inverse. Balboa was a Spanish explorer who discovered the Pearl Islands.