It reads that it is 'to attach the frank by the sender.' So, it appears to be part of postal stationery, but not even a cut-square.
It is like the çut out top right corner of a postcard that says 'affix stamp here.' It appears it was used applying a meter mark instead of a postage stamp. The meter mark, likely, will have been larger and is missing the 'flag.'
Value, most likely, is zero, and that is rounding up.
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