Watch List notes:

Panama, Republic, half centesimo 1907 (KM.6), one centesimo 1935, 1953 (KM.14, 17); one and a quarter centesimos 1940 (KM.15), two and a half centesimos 1904 (KM.1), 1916, 1929, 1940 (KM.7.2, 8, 16), five centesimos 1904, 1932 (KM.2, 9), ten centesimos 1904 (KM.3), one tenth balboa 1930, 1962, 1961 (KM.10.1, .1, 24), twenty five centesimos 1904 (KM.4), quarter balboa 1947, 1962, 1953, 1961 (KM.11.1, .2, 19, 25), fifty centesimos 1904 (KM.5), half balboa 1947, 1962, 1953, 1961 (KM.12.1, .2, 20, 26), one balboa 1947, 1953, proof 1970 (KM.13, 21, 27). Very fine - FDC. (27)
($400-450)