Beginning in 1905, Germany began phasing in the use of watermarked paper on its new issues.

This practice eventually led to the introduction of new Yacht issues which were similar to the 1900 issues, but featured a lozenge-shaped watermark.

These issues were never postally used due to the fall of the German Karolinen.  The stamps were only sold at philatelic sales windows in Berlin.

“Peace printings” exist for MiNr. 22 (MiNr. 22 I A).  The “peace printings” are slightly different in color from the “war printings,” with better quality paper and printing.

MiNr. 21 & A 21 were printed in 10x10 sheets, which were then run through a perforation machine. The machine used to perforate an unknown number of these sheets was designed to perforate two 10x10 sheets printed side-by-side with a margin in-between, rather than a single 10x10 sheet as the stamps were printed. This resulted in an extra perforation along the left margin of the sheet. For this reason, left margin copies of some printings of these issues can be found with a perforated margin, giving the appearance of a blank field attached at the left. These copies command a significant premium.

The larger format Yacht Issues of the German Colonies have slight differences in color, perforation, or frame/center types. For a detailed description of the frame/center types, see the guide to Colonial Frame & Center Types.