5 Mark Kaiseryacht on paper with watermark 1 (diamonds), peace print, 26:17 perforation holes, corner margin top left (hinge remnant and pre-folded), stamp mint, flawless condition, unsigned, photographic finding by Carsten Brekenfeld BPP "genuine and flawless", Michel 400.- - hopelessly undervalued, we have already sold multiple times between 400 - 650 Euros!