PMG 25 Very Fine (1916390-002).
P.38.
Alphabet T.1 - number 292, a very rare and sought-after type with the signatures: Simon / Thion de la Chaume. This is the first type and issue from 1927, which is very difficult to find. To date, around 10 examples have been referenced in the PMG population database (for both 1927 and 1938 signatures, without distinction).
PMG 25 Very Fine (1916390-002).
Very fine copy with stain in margin. Pr. TTB.