Like all countries that issue coins, Panama has more than one denomination so "a Panama coin" is not specific enough to ID your item. However, Panama's currency is linked to the U.S. dollar. That means if it's an ordinary circulation coin with a denomination in centavos or Balboas, its value is the same as if it were in cents or dollars; i.e. 25 centavos = 25 cents.
If the coin is a silver bullion coin (it may say something like "oro puro") its value is determined by the price of silver, now about $18/oz
It is worth 25 cents.
It's just a quarter, spend it.
It is a quarter of a Balboa, the unit of currency in Panama.
Of it was made in 2003 then it's worth .25 cents
Of it was made in 2003 then it's worth .25 cents
It's worth exactly 25 cents.
The Philadelphia Mint hasn't produced silver coinage for circulation since 1964. A 2003-P state quarter is worth 25 cents.
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If it is still a quarter in 2020 it would be worth a quarter of a dollar.
A quarter is worth 25 cents.