10 c. deep bright blue on blued paper, one vertical and three horizontal bisects, tied by target and one bisect also by cds. "P.CALDERA JUN 10 54" to piece. Somewhat touched in places, but mostly good to large margins. Very fine. A most unusual and very rare franking. Certificate Moorhouse (2010) (Scott 2)
Provenance: Joaquin Galvez (62. Corinphila auction, 1979)
