Batum British Occupation 1920 (21 Feb) 25r on 5k brown-lilac, surcharge as type 6 in blue, SG29a.
Fine mint example with large part original gum. There are a couple of shortish perforations which barely detract from the overall quality.
'Dr. P. Jem' and Romeko hand stamp on reverse.
A rare stamp with only 1,900 issued.
The Stanley Gibbons catalogue value is £55.