See Scan for perfs and centering

I am selling this as third watermark although as is often the case, the crown is not typical of the third watermark, yet not quite as substantial as first watermark. I have included scans showing typical First and Third watermarks. You decide!

I am selling it at a fair price for a 3rd wmk but a fantastic price for First wmk.

Stamps shown in scan 4 and 5 are not included.