Value in letters above the ruins of the Old Panama Cathedral (Cathedral of Panamá Viejo).

In 1610, the city reached a population of 5000, with 500 houses and convents, chapels, a hospital and the cathedral. At the beginning of the 17th century, the city was attacked several times by pirates and indigenous people from Darién. On 2 May 1620, an earthquake damaged many buildings in the city. On 21 February 1644, the Great Fire destroyed 83 religious buildings, including the cathedral.

Coat of arms with 9 stars above. Name of the country above, date below.

The center section of the coat of arms contains the Isthmus of Panama with its seas and sky, in which the moon begins to rise above the waves and the sun begins to hide behind the mountain. The head is divided in two quarters: in the one of the right hand, a sword and a gun are hung; in the one of the left-hand side, a crossed shovel and a grub hoe. The end of the coat of arms also is divided in two quarters: the one of the right-hand side, shows a cornucopia, emblem of the wealth; and the one of the left-hand side, the winged wheel, symbol of the progress. Behind the shield and covering it with his opened wings, is the eagle, emblem of the sovereignty. On the tape the following motto is printed in Latin: 'For the benefit of the World'. On the eagle, in arc form, nine gold stars go in representation of the provinces in which the Republic is divided. Like decorative accessories, to each side of the coat of arms two gathered national flags go on the other hand below.