Sale #165

PENGUINS Terres Australes et Antarctiques Francaises - 1987 Macaroni Penguin 4f 80c hand coloured Die Proof of SG.226 reversed i.e. the penguin faces left. Partially coloured with the crest in ochre, the bill and eye in shades of red and the rocks in yellow. The black engraved portions of the two smaller penguins in black. No country name or value. Signed in large embossed surround.