Romania. 1903. Opening of the New Post Office in Bucharest / Mail Coach issue. 50 Bani. Orange. Imperforate on all four sides. MLH. S120

Romania 1903 — Mi153 (design) — 50 Bani Orange — Imperforate Variety Candidate

Issue: Opening of the New Post Office in Bucharest, 1 May 1903.

Printing: Typography (Buchdruck). Paper: white to lightly rose-tinted. Watermark: none observed.

Variety: Imperforate on all four sides, with attractive broad margins. Specialist status as an officially recognised imperforate variety or special printing remains to be established.

Condition: VLH (Very Lightly Hinged), original gum with an extremely faint hinge trace. Fine–VF appearance, attractive orange colour and clear impression. Minor age toning and small reverse spots; no major structural defects observed.

MICHEL CV: Basic Mi153 €50 mint / €20 used. Imperforate configuration not separately priced in the available catalogue extract.

Valuation: Provisional FMV €35–60; working collection value €45. Includes a tentative collector premium for the unusual imperforate configuration and attractive presentation, subject to specialist confirmation.

Collection Grade: 4/5
Investment Grade: 2/5
Research Potential: 4/5

Decision: KEEP — SPECIALISED IMPERFORATE CANDIDATE / ALLCOLLECT YES.

Research Flag: Confirm exact classification and rarity of the imperforate printing before sale or certification.