⅒ Balboa, Panama

The armored bust wearing a helmet of Vasco Nez de Balboa facing left surrounded by value in letters and wreath. The right part of the wreath has 4 flowers on the km127.1 and only 3 on the km127.2

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The arms of Panam with 9 stars above representing the 9 provinces (km127.1) at the time (there are now 10, km127.2) and the country name above with the date below

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Reeded