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Montenegro 1921 Government-in-Exile Issue, King Nicholas I
uncommon1900-1945

Montenegro 1921 Government-in-Exile Issue, King Nicholas I

Montenegro · 1921 · Various (Set of 18)

This set of 18 stamps features a portrait of King Nicholas I of Montenegro. They were issued by the Montenegrin government-in-exile, which was based in Gaeta, Italy, following the annexation of Montenegro by Serbia after World War I. The stamps were intended for postal use within the exile community and to assert Montenegro's continued sovereignty.

Following World War I, Montenegro was absorbed into the new Kingdom of Serbs, Croats, and Slovenes (later Yugoslavia), a move disputed by loyalists. King Nicholas I and his government established a government-in-exile in Italy, continuing to issue stamps as a symbol of their legitimacy.

Printing Method

Typography

Catalog Numbers

scottN1-N18

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Estimated Values by Condition

Superb(S)

Perfectly centered, fresh, no faults

$150
Extremely Fine(XF)

Well centered, fresh colors

$120
Very Fine(VF)

Nicely centered, minor flaws

$90
Fine(F)

Average centering, acceptable

$60
Good(G)

Off-center or visible wear

$30

Prices are approximate market estimates for educational purposes. Actual values depend on specific factors including cancel type, margins, and provenance.