This album contains one of the first issues
of the new country of Panama—a silver
10 Centésimos, KM-3, dated 1904. On the obverse is the bust of the Spanish explorer Vasco N??ez de Balboa, the first European to cross the isthmus, who ”discovered“ the Pacific in 1513. The reverse features the Panamanian Coat of Arms below seven stars, representing the seven provinces of
the new country.