The first issue of Panama is a series of three phone cards, with values of $ 5, $ 10 and $ 20, all with the image of the Cable and Wireless logo. Subsequently they were reprinted, but the first series is easily distinguished because the three cards bear the words “Edicion Limitada 1997” on the back and have the GEM2 chip. On the reprinted cards the wording on the back is gone, and the chip that mount is the GEM3, smaller.