Romania. 1906. The 40th Anniversary King Karl’s Coronation. 25 B. Blue-Black. Perf 12. Mi 192. Cancelled. S124

Romania 1906 — Mi192 — 25 Bani Blue/Black — Crossing of the Danube

Issue: 40th Anniversary of the Reign of King Carol I (1866–1906).

Design: Romanian Army Crossing the Danube, 1877.

Printing: Recess printing (Stdr.). Perf L12 (catalogue specification; physical confirmation pending). No watermark.

Condition: Fine–Very Fine Used. Very light postal cancellation, leaving the historical scene almost completely unobstructed. Good colour and centering, substantially complete perforations. No gum (normal for used). No major defects observed in scans.

MICHEL CV: €6 used.

Estimated FMV: €3–4. Working value: €3.50.

Collection Grade: 3/5.
Investment Grade: 1/5.

Decision: KEEP — QUALITY UPGRADE. Replaces the previously catalogued heavily cancelled example.