Romania. 1903. Opening of the New Post Office in Bucharest / Mail Coach issue. 25 Bani. Blue. Mi 151. Perf. L14 x L11 1/2. MH. S119
Romania 1903 — Mi151 — 25 Bani Blue — Specialised Printing & Perforation Variety
Issue: Opening of the New Post Office in Bucharest, 1 May 1903.
Printing: Typography (Buchdruck). Paper: white to lightly rose-tinted; no watermark observed.
Perforation: Mixed line perforation L14 × L11½, physically measured; imperforate at bottom.
Printing characteristic: Detached hat-ribbon (Hutbänder nicht mit dem Hut verbunden). Visible separation between the rider’s hat and its flowing ribbon, corresponding to the characteristic described in the MICHEL catalogue notes.
Condition: MH, original gum with hinge trace. Fine–VF appearance; fresh blue impression, no obvious major structural defects.
MICHEL CV: €30 mint / €12 used for basic Mi151. Specialised configuration not separately priced in the available catalogue extract.
Market valuation: Provisional FMV €20–35; working collection value €25.
Collection Grade: 4/5
Investment Grade: 2/5
Decision: KEEP — SPECIALISED REFERENCE / ALLCOLLECT YES.
Research flag: Specialist attribution and rarity premium not independently established.
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