| Observations | Watermark winged wheel.
Activities and craft workers of the Italian regions.
All the stamps in this series, with the exception of 100 L. and L. 200, are printed in gravure. The two high values
are chalcography. The watermark exists in the first (1950/1951) and the third type (1952/1955) for all the pieces,
the two high values exist in various combinations of notching and have a watermark of the second kind. Some stamps in this series were printed on watermarked paper with stars.
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