CANAL ZONE, 1904, 1c-10c Overprints (4-8). The unique set of complete panes of 100, each with imprint and plate nos. at left and bottom, natural s.e. at top and right, most stamps Mint N.H., few h.r. mostly in corners, top right stamp in each pane with thin spot, few perf separations to be expected, 5c with blue crayon in selvage, rich colors

VERY FINE. THE UNIQUE PANES OF 100 OF THE 1904 CANAL ZONE ISSUE OVERPRINTED ON THE UNITED STATES STAMPS OF THE 1902 ISSUE. WONDERFUL EXHIBITION ITEMS.

According to Canal Zone Stamps (pp. 23-24), the previous Map issue was demonetized after July 17, 1904. The new series of United States stamps, overprinted "Canal Zone Panama", was received July 13 and placed on sale starting July 18, 1904. No one is sure why, but a supply of 10 million stamps was received, with a total face value of $390,000. Only a small number were removed from their shipping crates and used -- sales totalled $4,268.72 and the stamps were taken out of use on December 11, 1904. The remaining stock of 9,851,202 stamps was destroyed under official supervision on January 2 and 3, 1906.

With the exception of the 5c, only stamps from the lower left pane were sold. The other positions were likely in the unopened shipment which was destroyed. No plate blocks are recorded from top positions for any denomination.

Scott Retail as 21 blocks of four, two plate blocks and four singles.

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