1937 1c-20 Escudo Definitive Issue (Pictorials), an assembly of 2,650 perf. and imperf. proofs and trial colors in various stages and positions, different multiples including pairs, blocks and part sheets including triangular stamps, all with security punches, many with marginal notations by the examiners, with indications for retouching where needed, mostly with gum, fine-v.f. and incredible holding of these popular proofs from the Waterlow archives (Image)

Est.$10,000