FF226 - 1944 - Badoglio's signature in frame and safety background 50 cents light blue and light blue, black and grey, red and bistro, violet and brown grey, not perforated and with intact gum, without watermark. (515F/515I).

Lieutenancy

1944 - Badoglio's signature in frame and 50 cent security background, light blue and light blue, black and grey, red and bistre, violet and grey-brown, not perforated and with intact gum, without watermark. Extremely rare and of great beauty.

Sassone N° 515F/515I

Value €33,000

Silvano Sorani certified.

Margins/Perforation as per scan

The images are always part of the description