Panama silver 50 Centesimos, 1905, with mintage 1,000,000 units. However, 1,000,000 units of both 1904 (mintage: 1,800,000 units) and 1905 dates were melted in 1931 for the metal to issue 1 Balboa coin at San Fancisco Mint. Thus, scarce piece and tough to get this condition, i.e. Well struck, very light wear and no significant contacts. Fully original as the natural patina indicates. Extra fine.