A black woven silk ribbon with fine silver top and bottom border lines with a flag sectioned into a blue, a red and two white quadrants, with a blue star in one white quad and a red star in the other above the word "Panama" in silver. One in a series of collectible ribbons featuring Flags and Standards of the World. Given as a collectible premium by cigarette manufacturers, a paper label on the reverse reads "The American Tobacco Co., Inc./ New York".
Gift of Bella C. Landauer
Due to ongoing research, information about this object is subject to change.