Q110 Febuary, 2012   member 619   No watermark?

I have a 1m King Farouk (military type), 3-bar overprint (NP D213), with apparently no watermark. I have attempted to find even a partial mark using backlighting and watermark fluid, but to no avail. Has anyone ever heard of this issue unwatermarked? Or is it possibly some kind of printing fluke?

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