A unique and important lot for advanced collectors of Romania. 1. Government-in-Exile Issues (Moscow/Iași, 1917, with original gum): During WWI, when the Romanian government retreated to Iași, emergency issues were prepared with support from Russia. These stamps are among the rarest Romanian issues, never officially circulated, but highly sought after. Complete set shown (5 bani, 10 bani, 50 bani, 1 leu, 5 lei) Extremely rare values: 50 bani, 1 leu and 5 lei All with original gum – outstanding preservation 2. King Ferdinand I Proofs / Essays (c. 1926): Six different colour trials of the 50 bani issue depicting King Ferdinand I. Proofs/essays, ungummed as issued Striking presentation in multiple colours (green, violet, red, black, blue, brown) Rarely offered on the market Condition: Very fine to superb, fresh colours, excellent margins Genuine gum (first set) and ungummed proofs (second set) No hidden faults A unique opportunity: The Government-in-Exile series (1917) with original gum is of the utmost rarity, especially with the higher values present. The Ferdinand proofs make this an extraordinary pairing of rarity and philatelic history. Market value: Comparable items, when they appear, are valued at several thousand euros. A highlight for any advanced Romanian or WWI philately collection.