Lot 40011 – 1850 Cottonreel 4 cents black on orange, Townsend

1850 Cottonreel 4 cents black on orange, Townsend type B, security initials “EDW” of postal clerk Wight, cut round and used on small fragment with light Demerara cds April 1851, affixed by adhesive wafer (these stamps were issued without gum), frameline intact, a fine use and rare (SG £16’000 for cut round) Expertise: Cert. BPA (2006) Estimate: € 7’000 – € 10’000