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So it's not really "bogus" in terms of the stamp paying the fee due,
Yes. It was perhaps unfortunate that the title used the non-technical term bogus. But revenuecollector was quite right when he said
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Regardless of being a fake,
Fake = genuine stamp with something done to it to improve its apparent value (regummed, overprint added, perfs changed, cancellation cleaned/added, colour chemically changed etc).
Forgery = an imitation of a stamp created from scratch