Lot 1511
 
Philippines Airmail, 1926, 16c Madrid-Manila Flight, red overprint (C8), fresh color, tropicalized original gum, F.-V.F. and rare. Only 100 issued.
Scott $5,000
A FRESH, COMPLETELY SOUND MINT EXAMPLE; AMONG THE FINEST OF THE 100 ISSUED.
Expertization: signed Sanabria with a 1994 PF Certificate.
Virtually all known examples are poorly centered and have tropicalized original gum.
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| Realized $1,800 |
