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postage

1904, Feb 1 1904b issue unwmk (no perf info)

-	20c	vio
-	50c	brn
-	1p	brncar

1904, Feb 1 1904c issue (7 stamps)

-	1c	grn
-	2c	rose
-	5c	bl
-	10c	org
-	20c	vio
-	50c	brn
-	1p	brncar

1904, Dec 1 1904 or 1903 issue (8 stamps)

-	1c	grn
-	2c	rose	"Panama" in black
-	2c	rose	"Panama" in red
-	5c	bl	"Panama" in black
-	5c	bl	"Panama" in red
-	10c	org
-	50c	brn
-	1p	brncar

1905, Feb 4 independence 2nd issue

X	1c	grn	map of Panama
X	2c	red	map of Panama

1906 ovpted p. 12

X	1c on 20c	vio	map of Panama
X	2c on 50c	bisbrn	map of Panama
X	5c on 1p	lake	map of Panama

1906 1906 surcharges issue (no perf info)

X

5c

brncar

++on=1p

1906, Nov 1906 issue p. 12 (9 stamps)

X	1/2c	org & red & bl	flag of Panama
X	1c	dkgrn & blk	Balboa
X	2c	scar & blk	Fernandez de Cordoba
X	2 1/2c	redorg	arms of Panama
X	5c	bl & blk	Justo Arosemena
X	8c	pur & blk	Manuel J. Hurtado
X	10c	vio & blk	Jose de Obaldia
X	25c	brn & blk	Tomas Herrera
X	50c	blk	Jose de Fabrega

1909 1909 issue (7 stamps)

X	1/2c	org	map (1911)
X	1/2c	rose	map (1915)	.30–1.00	.30–1.00
X	1c	dkgrn & blk	Vasco Núñez de Balboa
X	2c	red & blk	Fernandez de Cordoba
X	2 1/2c	redorg	arms of Panama
X	5c	bl & blk	Justo Arosemena
X	10c	vio & blk	Obaldia

1913, Sep Balboa discovery 400th issue

X

2 1/2c

dkgrn & yelgrn

Vasco Nunez de Balboa

1915, Mar 1 Panama Exposition issue (8 stamps)

X	1/2c	olgrn & blk	Chorerra Falls
X	1c	dkgrn & blk	map of canal
X	2c	car & blk	Balboa taking possession
X	2 1/2c	scar & blk	cathedral ruins
X	3c	vio & blk	Palace of Arts
X	5c	bl & blk	Gatun Locks
X	10c	org & blk	Culebra Cut
X	20c	brn & blk	Santo Domingo monastery arch

1916

-

8c

vio & blk

Manuel J. Hurtado

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