GIBRALTAR: 1886 Bermuda 1s. yellow-brown Die Proof in colour,

Signed in pencil on the obverse; B.P.A. cachet ‘40’ on the reverse.

Sperati only used the basic Bermuda reproduction for producing the final Gibraltar ‘on Bermuda’ forgeries; hence this Die Proof is correctly listed under Gibraltar, but may equally be of interest to collectors of Bermuda