Morocco Agencies 1899-1902 25c ultramarine, type 2 overprint, horizontal pair, right stamp showing variety 'Broad top to 'M' (left pane, R7/3), SG12b.
A fine and fresh mint horizontal pair with original gum. One shortish perforation doesn't detract from such a fine piece.
The Stanley Gibbons catalogue value is £66+.
Following a decision to identify the exact revenue derived from the Morocco postal service, separate stamps were needed for the Morocco Agencies. This requirement further became necessary because of a Revision of Fees Ordinance in Gibraltar, which required all fees to be collected in Sterling, while the Morocco Agencies continued to use Spanish currency. This led to the introduction of Gibraltar stamps with 'Morocco Agencies' overprints.
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