CANAL ZONE, 1904, 8c on 50c Bister Brown, "Canal Zone" Inverted and Right "Panama" 5mm below Bar (14b var, CZSG 14b.6). Position 15 with right "Panama" 5mm below bar ("Canal Zone" overprint Pos. 86), fresh color, Fine and an extremely rare variety, according to Canal Zone Stamps, the two error panes of 100 were sold in 1908 by their original owner who claimed to have purchased them at the Administration Building in Ancon, only two positions on the sheet show the 4mm below bar variety (Positions 15 and 20), so only four can exist of this variety, unlisted in Scott which prices the normal inverted ovpt. at $450.00

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