Great Britain 1877 £5 “Telegraphs" colour trial, SGL237var.
A very fine imperforate example lettered 'CM' printed on gummed watermarked paper in grey-green, overprinted “SPECIMEN” type 8.
A scarce colour trial of what eventually became the famous £5 Orange Telegraphs.
Stanley Gibbons catalogue value: £1,300.
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