194 BULLETIN 105, UNITED STATES NATIONAL MUSEUM. 



1904-1906— Continued. 



2 ceotavos rose. 



5 centavos blue. 



10 centavos yellow. 



2 centavos rose.* 



5 centavos blue.* 



10 centavos yellow. 



2 centavos rose.* 

 10 centavos yellow.^ 



5 centavos blue.* 

 10 centavos yellow.* 



5 centavos blue. 

 10 centavos yellow.* 



2 centavos rose. 

 5 centavos blue. 

 10 centavos yellow. 



PANAMA AT LEFT 16 MM. 



INVERTED M IN PANAMA. 



ZONE IN ANTIQUE TYPE. 



PAMANA FOR PAN.. 



PANAMA DOUBLE. 



BAR AT BOTTOM. 



SMALL PANAMA READING . I . 



8 cts. on 50 centavos brown, type I.* 

 8 cts. on 50 centavos brown, type II.* 



SMALL PANAMA 15 MM. 



8 cts. on 50 centavos brown, type I.* 



A L WIDELY SPACED. 



8 cts. on 50 centavos brown, type II. 



SMALL PANAMA READING UP AND DOWN. 



8 cts. on 50 centavos brown, type I. 



BAR AT BOTTOM. 



8 cts. on 50 centavos brown, type I.* 

 8 cts. on 50 centavos brown, type II. 



SMALL PANAMA READING UP, ONE TYPE, WITH PERIOD. 



8 cts. on 50 centavos brown.* 



ZONE IN ANTIQUE TYPE. 



8 (;1s. on 50 centavos brown.* 



SMALL PANAMA 15 MM. 



8 cts. on 50 centavos brown. 



