ITALY – 1911, 15c black gray – SOLD for $1,150

1911 15c black gray, re-engraved, complete booklet, an unexploded booklet with four panes of six, inscribed in the margin tab “Officina Gov. Carte-valori, Torino” on each pane, covers are crisp and attractive, panes are mostly well centered, o.g., n.h., light overall gum toning on the panes which may be the result of the interleaving and quite common on these rare booklets, otherwise very fine; the issuance of these experimental booklets was very small and few have remained intact; the first example we have ever offered of this booklet rarity (Scott #123c; $4,400.00 for a complete booklet)