£450 - £550
1900 25pf Orange, 48 degree overprint, cancelled by 1900 (Feb 3) Saipan c.d.s Bothe BPP expert handstamp, fine and very scarce, used before the issue of 56 degree overprints in May 1900. Mi5I, S.G. 5, £3,750. Photo included on Front Cover.
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