Stamps of PANAMA
1878 COAT OF ARMS FIRST ISSUE 5c
1st Printing
Blue Green, Medium to thick paper. No multiples exist.
Blue Green, Thin paper. This printing is very RARE.
2nd Printing
Gray Green, Medium to thick paper. It can be plated.
Gray Green, Thin paper. No dot `.' inside the P of PANAMA.
3rd Printing
Gray Green, Thin paper.
Yellow Green, Thin paper. Dot `.' inside the P of PANAMA almost always.
