page_title: Postage stamps and postal history of the Caroline Islands
section_title: Yacht stamps
hierarchical_section_title: Postage stamps and postal history of the Caroline Islands / Yacht stamps
caption_attribution_description: English: Bisected in Ponape postage stamp of the German Caroline Islands, SMY Hohenzollern issue, 10 pfennigs, 1905 Русский: Бисект Понапе из почтовой марки германских Каролинских островов, яхта "Гогенцоллерн", 10 пфеннигов, 1905
context_page_description: Early mail sent to and from the Caroline Islands was occasional and dependent on visiting ships.
context_section_description: In January 1901, Germany issued its Yacht stamps with a common design for all of Germany's colonies, featuring the Kaiser's yacht Hohenzollern.  The issues for the Carolines featured the inscription "KAROLINEN", all with mark and pfennig denominations.  Many unused copies of the low values still exist today, left over after the Japanese occupation, but as one might expect from the short period of German rule and the very small numbers of letter-writers living in the Carolines, genuinely used stamps are uncommon, typically priced 5-20 times higher than unused.
  In 1905 the stock of 5pf stamps was destroyed in a typhoon, and 10pf stamps were bisected. Another shortage in 1910 resulted in bisects of 20pf stamps, and 3pf stamps surcharged to 5pf.
caption: Bisected 10pf stamp.
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