50 Centesimi with black letterpress "Deutsche Besetzung in Zara" overprint, all four different propaganda labels, MiNr. 20.4 from positions 13-14 with overprint type IV at left and type I at right, overprint flaw V "D in Deutsche open at bottom", remaining values overprint type I, mint never hinged original gum, perfect condition, signed E Ludin, expert opinion Robert Brunel VP (2025) "The condition is faultless", Mi. 900.-+