Yes, but the type three #488 is unwatermarked, and the type three #450 is watermarked. Either one could have one line removed from both ribbons to create a type one. I can't determine by the image if that could the case. If it is not watermarked, I'd lean toward that being an altered #488.
Pretty sure modifying a type III to be type I is really difficult. It's much more than the extra shading in the ribbons. That said, I can do a test, but some single line watermarks are very difficult to tell for certain and could be classified as unwatermarked.
Rotary watermarks can be very weak and difficult to see. Sometimes they have to remain in fluid for 5 to 10 minutes. And as stated above, it's all but impossible to turn a type III into a different type for someone who knows them. Too many differences.
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Posted Today 4 Hrs 35 Min ago
