Morocco Agencies 1903-05 20c grey-green and carmine, watermark CA, horizontal pair, right stamp showing variety 'Broad top to 'M' (left pane, R 7/3), SG19/b.
A brilliant quality mint horizontal pair with original gum.
A scarce printing variety in this se-tenant form.
Stanley Gibbons catalogue value: £172+.
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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