1904 2c rose, three singles used on cover from Ancon to Panama, with July 1, 1904 departure pmk alongside, arrival on back, filing fold at bottom, away from the stamps, with 1968 PFC (catalogued as three used singles) cat. $1200 (Cat No. 1) (Image)

Cat. $1200, Est.$500

1904 5c blue, block of four, usual dried gum, fine-v.f., cat. $1400 (Cat No. 2) (Image)

Cat. $1400, Est.$500

1904 5c blue, two horizontal pairs used on covers, one locally in Ancon (right stamp faulty, signed J.Perry), the other from Cristobal to Panama, July 13 departure pmks, with arrival markings (catalogued as used singles off cover) cat. $760 (Cat No. 2) (Image)

Cat. $760, Est.$200

1904 10c yellow, three used singles, one canceled "Empire Canal Zone", one with straight edge at bottom, another with significant shift with "Panama" reading up and down alongside, fine lot, cat. $630 (Cat No. 3) (Image)

Cat. $630, Est.$150

1904 10c orange, used on cover from Ancon to Colon, July 1 departure pmk alongside, backflap with closed tear, some usual toning, signed Perry, cat. $325 (Cat No. 3) (Image)

Cat. $325, Est.$150

1904 1c-10c set of five, used on cover from Ancona to Panama, Dec 10, 1904 departure cds below, with arrival pmk on back, filing fold away from the stamps, fine usage (Cat No. 4-8) (Image)

Est.$250

1904 2c rose, inverted overprint (with 1989 PFC), also three additional varieties, one with "C" of "Canal" missing, another with spaced "A L", last one "I" for "L" of "Canal" (used), cat. $310 (Cat No. 10a.10var) (Image)

Cat. $310, Est.$150

1904 8c on 50c bister brown, used with three additional stamps (10c defective at bottom) on cover from Cristobal Apr 4, 1905 to USA, New York transit and Galeton, Pa arrival pmks on back (Cat No. 14) (Image)

Est.$150

1904 8c on 50c bister brown, three different, including surcharge inverted, "Panama" in rose brown variety, plus shifted "Panama" showing three times, usual dried gum, fine-v.f. (Cat No. 14b,14c) (Image)

Est.$150

1904 8c on 50c bister brown, block of four, "Panama" in rose brown dramatically, only reading up at left, usual dried gum, fine-v.f. (Cat No. 14c,var) (Image)

Est.$150

1906 1c green & black, variety imperf. horizontally, also single with double overprint, tropicalized gum as often, fine-v.f. (Cat No. 22var,22e) (Image)

Est.$250

1906 2c red & black, used in 1909 on cover from Tabernilla to Cairo, clearly underpaid and charged postage due with 2m and 1pi tied by Port Said-Cairo arrival (14.7.09) cds, part of the backflap missing, but intact markings, uncommon destination (Cat No. 23) (Image)

Est.$100

1906 2c red & black, used in combination with unoverprinted Panamanian adhesives on 1907 cover from Paraiso to USA, with Darlow, Ks Oct 25 arrival pmk on back, two of the Panamanian 1/2c stamps not canceled, one severed on cover opening, unusual item (Cat No. 23) (Image)

Est.$150

1906 5c ultramarine & black, double overprint, tropicalized gum as often, fine, only 200 issued, cat. $500 (Cat No. 24c) (Image)

Cat. $500, Est.$150

1909 1c-8c and 10c on 13c, five different, paying 26c on registered "Isthmian Canal Commission" official cover from Culebra to USA, provisional handstamped "Culebra Canal Zone" departure markings, sent via Cristobal and Chicago, with Sept 6, 1912 St. Paul arrival, fine and unusual cover (Cat No. 31-34,36) (Image)

Est.$150

1909 5c deep blue & black, double overprint, usual dried gum, fine, cat. $375 (Cat No. 33a) (Image)

Cat. $375, Est.$150

1912 2c vermilion & black, overprint reading down, also another with center inverted, dried gum as often, well centered, fresh and fine-v.f., cat. $800 (Cat No. 39d,39e) (Image)

Cat. $800, Est.$300

1912 2c vermilion & black, center inverted, the unique unexploded booklet containing two booklet panes of six, perforated margins, both panes with center inverted and overprint reading down, clipped perforations at right and lightly stuck to the interleaving as expected, the booklet covers are remarkably fresh, with only a slight hint of handling wear, with 2004 PFC stating that it is "unused OG, handmade booklet pane of six, complete unexploded booklet of two panes, back cover inverted in relation to front cover; genuine with the panes adhering to the interleaving." A fabulous Canal Zone and booklet rarity, ex-Joyce and Sagar collections (catalogued as two panes) cat. $16000 (Cat No. 39f) (Image)

Cat. $16000, Est.$15,000

1915 1c-10c overprinted in blue, set of four used on registered cover from Corozal to Cristobal, with August 21, 1915 arrival pmk, v.f. (Cat No. 42-45) (Image)

Est.$100

1924 Arms of Panama overprinted Canal Zone, unissued 5c, 10c, 12c, 15c, 24c, 50c and 1b, seven different, used, last three faintly canceled, fine-v.f., catalogued as unused, cat. $2450 (Image)

Cat. $2450, Est.$500

1925 5c dark blue, block of four, overprint inverted, usual centering, top stamps l.h., bottom stamps n.h., fine and rare, only 80 printed, with 2001 PFC (cataloged as hinged singles) cat. $2000 (Cat No. 86c) (Image)

Cat. $2000, Est.$1,200

1925 (29 Dec) first flight Cristobal to Costa Rica, cover franked with 1/2c-3c Regular Issues, four different, tied by special commemorative cachets, with San Jose transit and Puerto Limon arrival pmks (Image)

Est.$150

1925 large part of a cover front from Canal Zone to Medellin, franked with 1c, 5c and 3x10c orange, paying 36c and charged Postage Due 0.20R (registration) on arrival, with SCADTA overprinted "P" 10c, 30c, 50c and 3p tied by red Barranquilla cds, some faults, but rare dispatch from Canal Zone (Image)

Est.$150

1925 (24 Sep) cover sent locally in Cristobal, franked with 1/2c Nathan Hale and 1c and 2c Postage Dues added on arrival, scarce usage (Cat No. J18,19) (Image)

Est.$150

1918 stamped 10c envelope surcharged with numerals "5" and with solid blocks printed over "Canal Zone" ("Canal" still legible), unused, filing fold, fine. Issued by the Republic of Panama after being rejected by the Canal Zone (see note in Scott following UF1) (Cat No. UF1var) (Image)

Est.$500