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This is a stamp that was in use in Panama c. 1915.
The text is 'REPÚBLICA DE PANAMÁ' and 'LEY 24 - DE 1915', the original value is
B/1.00 (1 Bilbao). There is a black overprint or cancel
'HABILITADO para NAIPES' (that is 'entitled for playing-cards', if the
translation machine is correct), and an overprinted value B/ 0.20.
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This is a stamp that was in use in Panama c. 1926.
The text is 'REPÚBLICA DE PANAMÁ', 'IMPUESTO DE TIMBRE', 'NAIPES', and 'LEY 63 - DE 1917', the
value is 'VEINTE CENTÉSIMOS'.
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