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