Auction #14 of China, Hong Kong, Japan and Other Asia Stamps and Postal History

China, 1902-06, Chinese Imperial Post, unwatermarked, $1, $2 and $5 high values, Waterlow & Sons "Specimen" (Chan 126-128 vars. Scott 120-122 vars.), composite sheet of 9, in brown red and yellow, the issued color of the $2 value, 3 x 3 with $1, $2 and $5 each in a row, overprinted "Waterlow & Sons Ltd. / Specimen" with standard small security punch hole, magnificent, P.O. fresh quality, choice, Very Fine, rare.
Estimate HK$ 10,000 - 12,000.