Heinrich Köhler 383rd Auction – Day 5 Germany 1849–2000 – German Empire, German Colonies with Occupation Issues (G.R.I. and MAFIA), Plebiscite Areas, Germany after WWII – The Erik B. Nagel Collection (part III)

1901/16, Kaiseryacht 5 stamp (without watermark) from the left bottom corner margin with register cross, neatly cancelled with cancellation "JALUIT MARSHALL-INSELN 15.7.06", in perfect condition, certificate R. Steuer BPP (2000)