S20525

yacht 1905 - 1 1/2 $ stamp without watermark as very rare postage from left upper corner of the sheet on small letter, perfect cancelled Tsingtau 16/5 06 with code letter a and with four side perforated registered label as registered mail to Pforzheim (arrival postmark backside), right below side transport fold in the letter (not called in the certificate), otherwise in perfect quality and with certificate by Steuer, BPP