Now showing: Panama - Postage stamps - 1903 - Overprinted "REPUBLICA - DE PANAMA" - 2 stamps.
10. November WM: None Perforation: 12
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![[Overprinted "REPUBLICA - DE PANAMA", type R]](https://swmedia-4cd6.kxcdn.com/media/catalogue/Panama/Postage-stamps/R-s.jpg)
