Lot
352 
Panama, 1903-04, Registration, 10 on 20c red brown on blue with First Panama Overprint, used with Panama 10c yellow with second Panama Overprint, tied by "Panama, 7 Dec 1903" duplex on preprinted cover to Naples, Italy, red crayon "127"; vertical fold at center affects F8 and light cover wrinkling slightly affects 10c, Very Fine appearance. Scott No. Panama F8 + 67 Estimate $300 - 400.
ONE OF THREE RECORDED FIRST DAY OF NEW RATE COVERS.
Realized: $350