Romania. 1893-1898. King Karl I. Different Watermark and New Values. 50 Bani. Orange. Mi 107Y. Perf. L13½ × 13½. Cancelled. S112

Romania 1893/98 — Mi107Y — 50 Bani orange, King Carol I. Buchdruck; white paper; Wmk Wz.2 (PR); Perf L13½. Fine Used with strong circular postal cancellation; good colour and generally attractive front, substantially complete perforations. Large old hinge/paper remnant on reverse; underlying paper not fully examinable. MICHEL €30 mint / €2.50 used. FMV ~€1–1.50. KEEP BASIC / UPGRADE.