Lot 36
 
Canal Zone 1905, 8¢ on 50c bister brown, "PANAMA" reading down & up (18b, 18), block of 4. Position 1-2/11-12 with position 1 being the variety. O.g. Bottom perforations slightly blunted. F.-V.F. (variety is Very Fine). Only about 375 issued.
Scott $370
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