Panama, Republic. A Medal For The Fiftieth Anniversary Of Republic Of Panama 1903-1953 Archive and Military Order Guards (bronze

and Military Order Guards (bronze gilt with blue

circumscribed by an inscription of “XV DEUTSCHES BUNDES-SCHIESSEN

slight manufacturing error one one of the boards - the loophole is bigger than usual

1881" below

Panama, Republic. A Medal For The Fiftieth Anniversary Of Republic Of Panama 1903-1953 Archive and Military Order Guards (bronze(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