| - | 20c | vio | ||||
| - | 50c | brn | ||||
| - | 1p | brncar |
| - | 1c | grn | ||||
| - | 2c | rose | ||||
| - | 5c | bl | ||||
| - | 10c | org | ||||
| - | 20c | vio | ||||
| - | 50c | brn | ||||
| - | 1p | brncar |
| - | 1c | grn | ||||
| - | 2c | rose | "Panama" in black | |||
| - | 2c | rose | "Panama" in red | |||
| - | 5c | bl | "Panama" in black | |||
| - | 5c | bl | "Panama" in red | |||
| - | 10c | org | ||||
| - | 50c | brn | ||||
| - | 1p | brncar |
| X | 1c | grn | map of Panama | |||
| X | 2c | red | map of Panama |
| X | 1c on 20c | vio | map of Panama | |||
| X | 2c on 50c | bisbrn | map of Panama | |||
| X | 5c on 1p | lake | map of Panama |
| X | 5c | brncar | ++on=1p |
| X | 1/2c | org | map (1911) | |||
| X | 1/2c | rose | map (1915) | .30–1.00 | .30–1.00 | |
| X | 1c | dkgrn & blk | Vasco Núñez de Balboa | |||
| X | 2c | red & blk | Fernandez de Cordoba | |||
| X | 2 1/2c | redorg | arms of Panama | |||
| X | 5c | bl & blk | Justo Arosemena | |||
| X | 10c | vio & blk | Obaldia |
| X | 2 1/2c | dkgrn & yelgrn | Vasco Nunez de Balboa |
| - | 8c | vio & blk | Manuel J. Hurtado |