Handstamped "REPUBLICA DE - PANAMA" in Black 1903
Now showing: Panama - Postage stamps - 1903 - Handstamped "REPUBLICA DE - PANAMA" in Black - 7 stamps.
1903 -1904
Handstamped "REPUBLICA DE - PANAMA" in Black
10. November WM: None Perforation: 12
![[Handstamped "REPUBLICA DE - PANAMA" in Black, type M7]](https://swmedia-4cd6.kxcdn.com/media/catalogue/Panama/Postage-stamps/M7-s.jpg)
![[Handstamped "REPUBLICA DE - PANAMA" in Black, type M8]](https://swmedia-4cd6.kxcdn.com/media/catalogue/Panama/Postage-stamps/M8-s.jpg)
![[Handstamped "REPUBLICA DE - PANAMA" in Black, type M9]](https://swmedia-4cd6.kxcdn.com/media/catalogue/Panama/Postage-stamps/M9-s.jpg)
![[Handstamped "REPUBLICA DE - PANAMA" in Black, type M12]](https://swmedia-4cd6.kxcdn.com/media/catalogue/Panama/Postage-stamps/M12-s.jpg)
| No. | Type | D | Color | Description |
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| 33A | M7 | 1C | green | No. 12 | - | 2.13 | 1.07 | - | USD |
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| 34A | M8 | 2C | rose | No. 13 | - | 0.80 | 0.80 | - | USD |
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| 35A | M9 | 5C | blue | No. 14 | - | 8.54 | 6.40 | - | USD |
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| 36A | M10 | 10C | orange | No. 15 | - | 5.34 | 4.27 | - | USD |
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| 37A | M11 | 20C | violet | No. 16 | - | 10.67 | 8.54 | - | USD |
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| 38A | M12 | 50C | brown | No. 8 - Perf: 13½ | - | 10.67 | 8.54 | - | USD |
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| 39A | M13 | 1P | brownish carmine | No. 18 | - | 64.02 | 53.35 | - | USD |
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