| X | 1c | dkgrn | Jose de Obaldia | |||
| X | 2c | scar | Eusebio A. Morales | |||
| X | 5c | |||||
| X | 10c | brn | National Institute | |||
| X | 12c | yelgrn | Justo Facio | |||
| X | 15c | bl | Pablo Arosemena |
| X | 2c on 24c | yelbrn | arms of Panama, p. 12 | |||
| - | 5c | org | ++on=50c-Airmail |
| - | 0.005c | multi | — | — | ||
| - | 0.005c | multi | — | — | ||
| - | 0.01c | multi | — | — | ||
| - | 0.02c | multi | Perf: 13½ x 14 | — | — | |
| - | 0.01c | multi | — | — | ||
| - | 0.02c | multi | — | — | ||
| - | 0.03c | multi | — | — | ||
| - | 0.03c | multi | — | — | ||
| - | 0.21c | multi | Airmail | — | — | |
| - | 0.21c | multi | Airmail - Perf: 13½ x 14 | — | — | |
| - | 0.21c | multi | — | — | ||
| - | 0.21c | multi | Airmail | — | — | |
| - | 0.21c | multi | Airmail | — | — | |
| - | 0.21c | multi | — | — | ||
| - | 0.31c | multi | — | — | ||
| - | 0.31c | multi | — | — |
| - | 40c | multi |
| - | 10c | multi |
| - | 0.35b | multi |
| - | 0.45b | multi | Tembleques and Chains | — | — | |
| - | 0.60b | multi | Tembleques and Chains | — | — |
| - | 0.21b | blk & bl | Dag Hammarskjold | |||
| - | 0.21b | blk & bl | ||||
| - | 0.21b | Dag Hammarskjold | ||||
| - | 0.21b |
| - | 0.21b | blk & ol | Pope John XXIII | |||
| - | 0.21b | multi | ||||
| - | 0.21b | blk & orgred | Pope John XXIII | |||
| - | 0.21b | multi |
| - | 10c | multi |