5 Mk Emperor yacht watermarked, war issue, perforation A, retouching "cloud" between the guys of the first Mastes, fresh colors, unused with original gum and slight hinge trace. These variety is by this time in the Michel special catalogue received. The Friedensdruckmarke with self retouching appraises the 11fache vis-_-vis the normal stamp. Sets you same relation for these by far rarer Kriegsdruckmarke at, so results be a Michel value from approximate 2. 400.- certificate with photograph Jäschke-L. BPP (05 / 2013) ". . . In faultless, unused condition. "