Panama, Republic. A Medal For The Fiftieth Anniversary Of Republic Of Panama 1903-1953 Archive 12” on the reverse

12” on the reverse

maker marked “1/18” ( Gold und Silber Scheide Anstalt

along with peeling and loss in the fabric on the right side near the bottom

Royal Engrs)

Panama, Republic. A Medal For The Fiftieth Anniversary Of Republic Of Panama 1903-1953 Archive 12” on the reverse(Medalla por el Cincuentenario de la Fundacin de la Republica de Panama). Instituted in 1953. In bronze gilt, obverse bearing four portraits, each within a circular frame, clockwise from the top: F. Boyd, T. Arias, M. Espinosa and J. A. Arango, with the dates "1903" and "1953" above, inscribed "CINQUENTENARIO DE LA FUNDACION DE LA REPUBLICA DE PANAMA" below, reverse with an allegorical scene, a central figure holding a fasces, the symbol of power, in