Auction: 19009 - The Treaty Ports of the Shanghai Postal System - Part 1
1893 First Issue
2c. vermilion variety imperforate between stamp and lower margin,  with the lower margin, part to large part original gum; some light gum ageing, mostly confined to the margin. A very scarce variety. Photo
銀貳分, 朱紅色, 帶下邊紙, 票底票與下邊紙間漏齒變體, 保留部份原膠, 靠近邊紙背膠有些老化; 很少見變體票.
HK$2,000 to HK$3,000