Now showing: Panama - Postage stamps (1940 - 1949) - 110 stamps.
15. December WM: None Perforation: 12
![[Airmail - Personalities, type EV]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EV-s.jpg)
![[Airmail - Personalities, type EW]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EW-s.jpg)
8. March WM: None Perforation: 12
![[Airmail - Overprinted "AEREO 1947" and Surcharged, type EP2]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EP2-s.jpg)
![[Airmail - Overprinted "AEREO 1947" and Surcharged, type EQ2]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EQ2-s.jpg)
![[Airmail - Overprinted "AEREO 1947" and Surcharged, type BY9]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/BY9-s.jpg)
![[Airmail - Overprinted "AEREO 1947" and Surcharged, type BY10]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/BY10-s.jpg)
![[Airmail - Overprinted "AEREO 1947" and Surcharged, type ER2]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/ER2-s.jpg)
7. April WM: None Perforation: 12½
![[The 2nd Anniversary of National Constitutional Assembly, type EX]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EX-s.jpg)
![[The 2nd Anniversary of National Constitutional Assembly, type EY]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EY-s.jpg)
![[The 2nd Anniversary of National Constitutional Assembly, type EZ]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EZ-s.jpg)
WM: None Perforation: 12
![[Various Issues Overprinted "HABILITADA CORREOS" and Surcharged, type BY11]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/BY11-s.jpg)
![[Various Issues Overprinted "HABILITADA CORREOS" and Surcharged, type EQ3]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EQ3-s.jpg)
![[Various Issues Overprinted "HABILITADA CORREOS" and Surcharged, type EP3]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EP3-s.jpg)
![[Various Issues Overprinted "HABILITADA CORREOS" and Surcharged, type EZ1]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EZ1-s.jpg)
![[Various Issues Overprinted "HABILITADA CORREOS" and Surcharged, type BR22]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/BR22-s.jpg)
| No. | Type | D | Color | Description |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 424 | BY11 | ½/8C | blackish grey | 0.26 | - | 0.26 | - | USD |
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| 425 | EQ3 | ½/8C | olive brown/black | 0.26 | - | 0.26 | - | USD |
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| 426 | EP3 | 1/7C | red | 0.26 | - | 0.26 | - | USD |
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| 427 | EZ1 | 2/8C | violet | 0.26 | - | 0.26 | - | USD |
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| 428 | BR22 | 50/24C | light brown | Overprinted "HABILITADA CORREOS B/. 0.50" and Surcharged | 1.56 | - | 1.56 | - | USD |
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| 424‑428 | 2.60 | - | 2.60 | - | USD |
20. February WM: None Perforation: 12½
![[Airmail - Honouring Members of the Revolutionary Junta of 1903, type FA]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FA-s.jpg)
![[Airmail - Honouring Members of the Revolutionary Junta of 1903, type FB]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FB-s.jpg)
![[Airmail - Honouring Members of the Revolutionary Junta of 1903, type FC]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FC-s.jpg)
![[Airmail - Honouring Members of the Revolutionary Junta of 1903, type FD]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FD-s.jpg)
![[Airmail - Honouring Members of the Revolutionary Junta of 1903, type FE]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FE-s.jpg)
![[Airmail - Honouring Members of the Revolutionary Junta of 1903, type FF]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FF-s.jpg)
![[Airmail - Honouring Members of the Revolutionary Junta of 1903, type FG]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FG-s.jpg)
![[Airmail - Honouring Members of the Revolutionary Junta of 1903, type FH]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FH-s.jpg)
| No. | Type | D | Color | Description |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 429 | FA | 3C | blue | Manuel Amador Guerrero | 0.52 | - | 0.26 | - | USD |
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| 430 | FB | 5C | brown | Jose Agustin Arango | 0.52 | - | 0.26 | - | USD |
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| 431 | FC | 10C | orange | Federico Boyd | 0.52 | - | 0.26 | - | USD |
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| 432 | FD | 15C | wine red | Ricardo Arias | 0.52 | - | 0.26 | - | USD |
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| 433 | FE | 20C | red | Manuel Espinosa | 0.78 | - | 0.52 | - | USD |
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| 434 | FF | 50C | grey | Carlos Constantino Arosemena | 1.04 | - | 0.78 | - | USD |
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| 435 | FG | 1B | green | Nicanor de Obarrio | 4.17 | - | 2.60 | - | USD |
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| 436 | FH | 2B | yellow | Tomas Arias | 10.42 | - | 8.33 | - | USD |
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| 429‑436 | 18.49 | - | 13.27 | - | USD |
1. June WM: None Perforation: 12½
![[The 50th Anniversary of Colon Fire Brigade, type FI]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FI-s.jpg)
![[The 50th Anniversary of Colon Fire Brigade, type FJ]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FJ-s.jpg)
![[The 50th Anniversary of Colon Fire Brigade, type FK]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FK-s.jpg)
![[The 50th Anniversary of Colon Fire Brigade, type FL]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FL-s.jpg)
![[The 50th Anniversary of Colon Fire Brigade, type FM]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FM-s.jpg)
![[The 50th Anniversary of Colon Fire Brigade, type FN]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FN-s.jpg)
| No. | Type | D | Color | Description |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 437 | FI | 5C | red/black | 0.52 | - | 0.26 | - | USD |
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| 438 | FJ | 10C | orange/black | 0.78 | - | 0.52 | - | USD |
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| 439 | FK | 20C | blue/black | 1.56 | - | 0.78 | - | USD |
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| 440 | FL | 25C | brownish purple | 1.56 | - | 1.04 | - | USD |
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| 441 | FM | 50C | violet/black | Commander Maximino Walker | 3.13 | - | 1.04 | - | USD |
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| 442 | FN | 1B | bluish green/black | J.J. Amadeo Ducruet, First Fire Brigade Commander | 5.21 | - | 2.60 | - | USD |
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| 437‑442 | 12.76 | - | 6.24 | - | USD |
15. September WM: None Perforation: 12½
![[Airmail - Homage to Franklin D. Roosevelt, type FO]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FO-s.jpg)
![[Airmail - Homage to Franklin D. Roosevelt, type FP]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FP-s.jpg)
![[Airmail - Homage to Franklin D. Roosevelt, type FQ]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FQ-s.jpg)
![[Airmail - Homage to Franklin D. Roosevelt, type FR]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FR-s.jpg)
![[Airmail - Homage to Franklin D. Roosevelt, type FS]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FS-s.jpg)
15. November WM: None Perforation: 12½
![[The 400th Anniversary of the Birth of Miguel de Cervantes Saavedra, 1547-1616, type FT]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FT-s.jpg)
![[The 400th Anniversary of the Birth of Miguel de Cervantes Saavedra, 1547-1616, type FU]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FU-s.jpg)
![[The 400th Anniversary of the Birth of Miguel de Cervantes Saavedra, 1547-1616, type FV]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FV-s.jpg)
![[Airmail - The 100th Anniversary of the Birth of Jose Gabriel Duque, philanthropist, 1849-1918 - Issue of 1948 Overprinted "CENTENARIO DE JOSE GABRIEL DUQUE" "18 de Enero de 1949", type FV1]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/FV1-s.jpg)
23. May WM: None Perforation: 12
![[The 100th Anniversary of Chiriqui Province, Panama, type EJ2]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EJ2-s.jpg)
![[The 100th Anniversary of Chiriqui Province, Panama, type EJ3]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EJ3-s.jpg)
![[The 100th Anniversary of Chiriqui Province, Panama, type EP4]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/EP4-s.jpg)
![[The 100th Anniversary of Chiriqui Province, Panama, type BY12]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/BY12-s.jpg)
![[The 100th Anniversary of Chiriqui Province, Panama, type ER3]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/ER3-s.jpg)
![[The 100th Anniversary of Chiriqui Province, Panama, type ET3]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/ET3-s.jpg)
| No. | Type | D | Color | Description |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 452 | EJ2 | 1/2C | brick-red | Surcharged 1 UN CENTESIMO 1 also | 0.26 | - | 0.26 | - | USD |
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| 453 | EJ3 | 2C | brick-red | 0.26 | - | 0.26 | - | USD |
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| 454 | EP4 | 2C | red | Airmail | 0.26 | - | 0.26 | - | USD |
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| 455 | BY12 | 5C | blue | Airmail | 0.26 | - | 0.26 | - | USD |
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| 456 | ER3 | 15C | greyish olive | Airmail | 0.52 | - | 0.52 | - | USD |
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| 457 | ET3 | 50C | rose | Airmail | 2.08 | - | 2.08 | - | USD |
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| 452‑457 | 3.64 | - | 3.64 | - | USD |
