Lot# 3550 - Auction 321-332
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Lot# : 3550 Panama
1878: Coat of Arms First Issue, 20 c. carmine, thin wove paper, first printing, complete sheet of fifty, unused, original gum, large to very large margins, including the top and bottom marginal, tears and creasing to top left stamp 1 and tear to top right into stamp 10, which has a crease that extends into stamp 20, a number of tiny pin holes as is expected with this issue, very impressive and rare; one of four reported sheets.rnProvenance: Ex Erhman Collection; ex Dr James Helme.Starting bid : 1,000 CHFHammer price : 2,000 CHF