| X | 1/2c | multi | flag of Panama |
| - | 2c | ver | oxcart with sugarcane redrawn |
| X | 2c | red & blk | Miguel de Cervantes |
| - | 5c | bl & blk | ||||
| - | 10c | pur & blk |
| - | 2c | red | Xiphius gladius | |||
| - | 15c | grayol | Taboga Island | |||
| - | 20c | grn | JD Arosemena Normal School | |||
| - | 50c | rose | The basic fire protection |
| - | 5c | red & blk | Roosevelt and Arosemena | |||
| - | 10c | yelorg | ||||
| - | 20c | dkgrn | ||||
| - | 50c | dkbl & blk | map of Panama Canal | |||
| - | 1b | blk |