Τώρα εμφανίζεται Παναμάς - Γραμματόσημα (1920 - 1929) - 10 Γραμματόσημα.
1924
Coat of Arms
1. Μάιος WM: Κανένα Διάτρηση: 12
![[Coat of Arms, τύπος BR]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/BR-s.jpg)
![[Coat of Arms, τύπος BR1]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/BR1-s.jpg)
![[Coat of Arms, τύπος BR2]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/BR2-s.jpg)
![[Coat of Arms, τύπος BR3]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/BR3-s.jpg)
![[Coat of Arms, τύπος BR4]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/BR4-s.jpg)
![[Coat of Arms, τύπος BR5]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/BR5-s.jpg)
![[Coat of Arms, τύπος BR6]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/BR6-s.jpg)
![[Coat of Arms, τύπος BR7]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/BR7-s.jpg)
![[Coat of Arms, τύπος BR8]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/BR8-s.jpg)
![[Coat of Arms, τύπος BR9]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/BR9-s.jpg)
| Νούμερο | Τύπος | D | Χρώμα | Περιγραφή |
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| 194 | BR | ½C | ΠΟΡΤΟΚΑΛΙ | - | 0,26 | 0,26 | - | USD |
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| 195 | BR1 | 1C | ΠΡΑΣΙΝΟ | - | 0,26 | 0,26 | - | USD |
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| 196 | BR2 | 2C | ΚΑΡΜΙΝΙΟ | - | 0,26 | 0,26 | - | USD |
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| 197 | BR3 | 5C | ΣΚΟΥΡΟ ΜΠΛΕ | - | 0,52 | 0,26 | - | USD |
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| 198 | BR4 | 10C | ΜΩΒ | - | 0,52 | 0,26 | - | USD |
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| 199 | BR5 | 12C | ΠΡΑΣΙΝΩΠΟ ΛΑΔΙ | - | 0,79 | 0,52 | - | USD |
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| 200 | BR6 | 15C | ΚΥΑΝΟ | - | 0,79 | 0,52 | - | USD |
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| 201 | BR7 | 24C | ΑΝΟΙΧΤΟ ΚΑΦΕ | - | 1,57 | 0,52 | - | USD |
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| 202 | BR8 | 50C | ΠΟΡΤΟΚΑΛΙ | - | 5,24 | 1,05 | - | USD |
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| 203 | BR9 | 1B | ΜΑΥΡΟ | - | 8,38 | 2,62 | - | USD |
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| 194‑203 | - | 18,59 | 6,53 | - | USD |
