Watch List notes:

Panama (Colombia), Estado Soberano, 3 pesos remainder, 12-10-1869, series A, certified PMG VF 35. SCWPM-S188. This rare issue comes from a period where Panama was a sovereign state under the auspices of Colombia. PMG notes contemporary annotations (pen cancellation on reverse), minor rust spots, and a missing corner tip though overall a choice example with extra selvage to the left and a pronounced ink colors. PMG #1723306-001 (Estimate: $1500 - 2250)