Now showing: Panama - Postage stamps (1940 - 1949) - 5 stamps.
1940
Airmail - The 50th Anniversary of Pan-American Union
15. April WM: None Perforation: 12½
![[Airmail - The 50th Anniversary of Pan-American Union, type EE]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EE-s.jpg)
1940
Airmail - Issues of 1939 and 1940 Overprinted and Surcharged
12. August WM: None Perforation: 12½
![[Airmail - Issues of 1939 and 1940 Overprinted and Surcharged, type EA1]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EA1-s.jpg)
![[Airmail - Issues of 1939 and 1940 Overprinted and Surcharged, type EB1]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EB1-s.jpg)
![[Airmail - Issues of 1939 and 1940 Overprinted and Surcharged, type DT1]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/DT1-s.jpg)
![[Airmail - Issues of 1939 and 1940 Overprinted and Surcharged, type EE1]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EE1-s.jpg)
| No. | Type | D | Color | Description |
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| 359 | EA1 | 5/15C | ultramarine | Airmail - Issue of 1939 Overprinted "5-5" and Surcharged | - | 0.29 | 0.29 | - | USD |
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| 360 | EB1 | 7/20C | rose | Airmail - Issue of 1939 Overprinted "AEREO SIETE" and Surcharged | - | 0.58 | 0.29 | - | USD |
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| 361 | DT1 | 7/15C | ultramarine | Airmail - Issue of 1939 Overprinted "SIETE" and Surcharged | - | 0.58 | 0.29 | - | USD |
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| 362 | EE1 | 8/15C | blue | Airmail - Issue of 1940 Overprinted "8-8" and Surcharged | - | 0.58 | 0.29 | - | USD |
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| 359‑362 | - | 2.03 | 1.16 | - | USD |
