Kangaroo 1d red die II strip of 3, F/L10-12 “flaw over AU of AUSTRALIA", used

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First watermark. NOTE the perf damage and thinning to the bottom of the middle stamp.

At left is F/L10, ACSC 3(F)d “white flaw over AU of AUSTRALIA."
 _gsrx_vers_1516 (GS 9.3 (1516))