Lot 245 Cook Islands - Penrhyn Island SG#1 2.5p on 2.5d Blue Lake Wakatipu, 1902 Overprinted Waterlow Pictorial Issue, A VFOG Example

A VFOG example of the 2.5p on 2.5d blue Lake Wakatipu from the 1902 Overprinted Waterlow Pictorial Issue on with PVA gum,

Gibbons values this at 12 pounds, which is approximately $20.4. 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