Togo
1905 Yacht Issue Watermarked Proofs
In approximately 1905, proof printings of the 1900 Yacht Issues were printed on paper with a lozenge watermark. The 3-, 5-, and 10 Pfennig and 5 Mark proofs can be very difficult to distinguish from the subsequent 1909/1919 issues on the same watermarked paper, differing only in that the 3 Pfennig proof has normal rather than glossy gum, and all differ slightly in color.
1905 Yacht Issue Watermarked Proofs
In approximately 1905, proof printings of the 1900 Yacht Issues were printed on paper with a lozenge watermark. The 3-, 5-, and 10 Pfennig and 5 Mark proofs can be very difficult to distinguish from the subsequent 1909/1919 issues on the same watermarked paper, differing only in that the 3 Pfennig proof has normal rather than glossy gum, and all differ slightly in color.