SG lists a reversed watermark for the perf 12.5 (with approximately at fourfold increase in CV); yours looks like it might be the perf 14 (1876), though? Guessing...
Thanks a lot. It`s perf 14 (Yvert&Tellier mentions no 1876 issue: perf 12.5 is 1865-69/ perf 14 is 1872, but it`s an old catalogue and it`s not very detailed - Y&T #31) - but I`m sure it`s a mistake, so it must be as you said (1876).
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