1925 Italy, reign of Victor Emmanuel III, ordinary postage stamps new values 20c brownish orange, 20c green and 30c grey, subject bust of the King in frame facing left, top left Savoy coat of arms crowned with Collar of the Annunciation. Crown watermark typographic printing. 3 new values, perfect, mint and never hinged, well centred. Catalogue Sassone no. 183/85, Euro 80.00.