Lot 125 Morocco Agencies - Spanish Currency SG#138 10/- Indigo Blue King George V and Britannia, 1914-1918 Overprinted Waterlow Sea Horse High Value Issue, A VFOG Example

A VFOG example of the 10/- indigo blue King George V and Britannia from the 1914-1918 Overprinted Waterlow Sea Horse High Value Issue. Although not listed by Gibbons these issues will exist with the same range of shades that are found on the unoverprinted Great Britain stamps, as existing stocks of whichever printing was current would have been used for overprinting at the time the requesition was received by the printer from the Crown Agents.

Gibbons values this at 110 pounds = approximately $188.1. Our estimate of the net value is $88. The stamp offered here grades 80 as follows:

Centering/Margins: 50/70

Paper Freshness: 5/5

Colour: 5/5

Impression: 5/5

Absence of Visible Paper Flaws: 5/5

Perforations: 10/10