Bavaria.... need some opinions

[samb]

I recently purchased a few pages of Bavaria and need some opinions on a stamp. This stamp was hinged off to the side of the others from this year as if the collector wasn't sure what the scott # was. Bavaria #48a  is an imperfed stamp... but with a high cat value I'm wondering if it was cut, so a fake. All opinions are appreciated, Thanks!!


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[Butterfly]

My 2 cents worth, speaking from a position of supreme ignorance, It looks suspicious because the nicks at the top resemble perf remnants.

[kacyds]

Like Butterflies stated, the top still has some of perfs and look closely at the right side you still see some of the remaining perf holes.