As far as I can tell this is the last 1/4 Balboa from Panama. Only four years were minted in the series from 1996-2008.
This one has environmental damage. It looks like it got wet and has spots and verdigris damage that is permanent.
There also several commemorative coins for 2008 but those seem to be more difficult to find.
Here's the stats...
Type/Country: 1/4 Balboa / Panama
Year: 2008
Mintage: Unknown
Metal: Copper-Nickel Clad Copper
Value: $0.25 in Very-Fine
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