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Is there an Iceland specialist out there who would make some observations about it and suggest whether I should persue it further? All comments welcomed..
Stamp is lineperforated, perfs looks ok, aside from the few missing ones.
the color is faded/washed.
cancellation is most likely a danish numeral 1 cancel, those are fairly common, but you can't determine it because the center is missing.
all in all, below average quality, and not worth expertizing in my book.
look for a danish auction house and buy one, they aren't expensive and often in much better quality.