S363: Spain 1931, Edifil 601. Alfonso XIII Vaquer definitive with vertical República Española typographic overprint after the proclamation of the Second Spanish Republic. 50 céntimos, Orange; Blue-grey overprint. Recess-printed base design.
Condition: Used/Cancelled (S363 condition provisional). Very heavy black markings appear to be postal cancellation across portrait, inscription and denomination. Collector reports no gum and no hinge evidence; despite this, current working classification is Used/Cancelled, not Mint Never Hinged or Mint Without Gum. Original condition attribution requires resolution. Reverse with faint blue control numbering and isolated yellowish specks. No definite major structural fault established from the available scans.
Catalogue: Edifil used value to be verified. AllCollect valuation: €0.50. Collection Grade: 2.5/5. Investment Grade: 1/5. Decision: KEEP.












