Handstamped "REPUBLICA DE - PANAMA" in Red 1903
Now showing: Panama - Postage stamps - 1903 - Handstamped "REPUBLICA DE - PANAMA" in Red - 7 stamps.
1903 -1904
Handstamped "REPUBLICA DE - PANAMA" in Red
10. November WM: None Perforation: 12
![[Handstamped "REPUBLICA DE - PANAMA" in Red, type M]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/M-s.jpg)
![[Handstamped "REPUBLICA DE - PANAMA" in Red, type M1]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/M1-s.jpg)
![[Handstamped "REPUBLICA DE - PANAMA" in Red, type M2]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/M2-s.jpg)
![[Handstamped "REPUBLICA DE - PANAMA" in Red, type M3]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/M3-s.jpg)
![[Handstamped "REPUBLICA DE - PANAMA" in Red, type M4]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/M4-s.jpg)
![[Handstamped "REPUBLICA DE - PANAMA" in Red, type M5]](https://www.stampworld.com/media/catalogue/Panama/Postage-stamps/M5-s.jpg)
| No. | Type | D | Color | Description |
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| 33 | M | 1C | green | No. 12 | - | 2.16 | 1.62 | - | USD |
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| 34 | M1 | 2C | rose | No. 13 | - | 5.40 | 3.24 | - | USD |
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| 35 | M2 | 5C | blue | No. 14 | - | 2.16 | 1.08 | - | USD |
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| 36 | M3 | 10C | orange | No. 15 | - | 2.16 | 2.16 | - | USD |
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| 37 | M4 | 20C | violet | No. 16 | - | 5.40 | 4.32 | - | USD |
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| 38 | M5 | 50C | brown | No. 8 - Perf: 13½ | - | 10.80 | 8.64 | - | USD |
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| 39 | M6 | 1P | brownish carmine | No. 18 | - | 64.83 | 54.02 | - | USD |
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| 33‑39 | - | 92.91 | 75.08 | - | USD |
