£80 - £100
GB.PENNY BLACKS 1840 (3 Sept) 'The Hertford & Bedford Reformer' (folds nicely onto an album page) includes under 'Postage Stamps' relating to the 20s fine for reusing stamps and the replacement of red ink with black ink for cancelling stamps, as the former can be chemically removed. Lot 1422 (M) [c]
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