Spotting

Great find as this species is uncommonly found compared to other corals in the region. Definitely a coral snake. Scalation and color patterning of the head and nuchal region and eye size make this snake identifiable.

the rhyme is used in Belize as well ...

there is a website CoralSnake.net and its really cool. It looks like there are at least fifty different species of coral snakes found in South and Central America. Some are blank and red bands with no yellow. Some were black and pale white/yellow bands with only a little red. I am amazed at how many there were. I couldnt find this particular pattern but I didnt look through all the photos yet. Really cool picture

I don't think this is a Coral Snake, but I don't know enough about Central American snakes to make a good call.

So is this a Coral Snake?

The red touching yellow rhyme only applies to coral snakes found in the US.

I saw a post about species of coral snake in South America having on Red and Black

The Coral snake I fished out of our pool had a much bigger yellow band. I doubt if it is a Coral snake.Unless they are different in Panama.

red touch black, lucky jack; red touch yellow, kill a fellow. i see a faintish yellow band, some sort of coral or cud be a mime.