New Zealand 1902-07 4d blue and yellow-brown, watermark 43, irregular compound perforations 11 (at top) and 14 (other sides), SG333.
A fine used example with part circular date stamp showing year "04".
A rare stamp, and scarcer in used condition than mint.
Stanley Gibbons catalogue value: £500.
An attractive pictorial stamp depicting Lake Taupo and Mount Ruapehu.
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