It's listed in Michel as Block 2. Issued 15 May 1939, commemorating the 5th anniversary of the accession of President Karlis Ilmanis. It's Mi Block 1 overprinted in blue "1934 1939 15/V". Michel CV is 35 Euro MNH as of 2007/2008.
In Scott, it's B97. Issued 1939 to commemorate the 5th anniversary of National Unity Day. Sold for 2 lats. with the surtax benefitting the National Reconstruction Fund. It's an overprint of Sc B96. CV $18 MNH as of the 2005 catalog.
The catalog value I am afraid is out the window, since like Rod says the glue is wreaking havoc with the sheet. The previous owner did not care to keep it very flat either, but I still like it. Thanks for all the help everyone. - Jeff
Taken from a schoolboy's letter to his sister.... (Commenting on the Penny Black)
"Have you tried the stamps yet ? I think they are very absurd and troublesome. I don't fancy making my mouth a glue-pot, although, to be sure, you have the satisfaction of kissing or rather slobbering over Her Majesty's back. This, however, I should say is about the greatest insult the present Ministry could have offered the Queen."
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