Lot
402 
Panama, Colombia 1902, Registration, 20c red brown on blue, manuscript "554", used with Panama 1895 20c violet tied by purple "Bocas del Toro, 20 May 1903" cds on cover to San Francisco Cal., blue Mobile (5.25) transit backstamp with Mobile exchange label (FX-MO1) affixed, purple San Francisco (6.1) arrival backstamp, Chinese manuscript and handstamp docketing at right. Scott No. Colombia F13 + Panama 19 Estimate $500 - 750.
Bocas del Toro received a supply of new Colombian stamps in 1903 that lasted until the middle of May 1904, which provided material to be overprinted and surcharged after independence.
Realized: $400