Lot
367 
New Britain, 1914, G.R.I. 5s on German New Guinea 5m Carmine & Black, "G.R.I." and value 3.5-4mm apart (Setting IV, Pos. 3), o.g., small hinge remnant, strong colors, trace of expert's handstamp showing through to front at bottom, F.-V.F.; with 2017 B.P.A. certificate, signed A. Diena and others. Scott No. 15 $14,000. SG No. 15 £14,000 ($17,220).
AN EXTREMELY RARE MINT EXAMPLE OF THE G.R.I. 1914 5S ON GERMAN NEW GUINEA 5M HIGH VALUE.
Realized: $4,000