Panama Postage Due Stamp, 1915

Panama · 1915 · 1c (Balboa)

This is the first postage due stamp issued by Panama. The design features a large numeral '1' indicating the one centésimo value, framed by ornate scrollwork. The inscriptions read 'REPUBLICA DE PANAMA' at the top and 'CORREOS / MULTA' (Postage / Fine) at the bottom.

Issued in 1915, this stamp signifies the formalization of Panama's postal system to collect payment for mail with insufficient postage, a common practice for developing postal services of the era.