Watch List notes:

Panama Assortment. 1904-1973. Panama, Panama 2 ½ Centesimos 1907 VF-EF, 1916 VF-EF; 1/10 Balboa 1953(2) AU, BU; ¼ Balboa 1953 EF-AU, 1961 AU; ½ Balboa 1930 VF, 1953 AU, 1973 Proof; 50 Centesimos 1904 EF; 1/2 Balboa 1932 holed VF. Must be seen, sold as is, no returns. [11]

Estimate: 80-160