The obverse of the coin features the coat of arms of Panama. The coat of arms consists of a shield divided into four quarters. The first quarter features a sailing ship, representing the Republic of Panama's maritime history. The second quarter features a train representing the country's transport system. The third quarter features a volcano, representing the country's natural beauty and the fourth quarter features a sword and rifle, representing the country's military strength. The words "Republica de Panama" are inscribed above the coat of arms and the date "1987" is inscribed below.
Reverse
The reverse of the coin features a portrait of Vasco Núñez de Balboa, a Spanish explorer who is credited with being the first European to sight the Pacific Ocean. The words "Vasco Nunez De Balboa" are inscribed above the portrait and the value "1 CENTESIMO" is inscribed below.
Value
The 1987 Panama un centesimo coin is a common coin and is not particularly valuable. It is worth around 1 to 2 cents in uncirculated condition, and less than 1 cent in circulated condition.