That is a quite a rare one, YRH, so rare that I can't even find my copy in the racks ( ) as we speak. Wonderful album too, possibly my favourite Melle. The description you give is absolutely identical to mine, including the cut-out hole in the cover. Indeed I saw another one at a record fair recently in exactly the same state.
I think I paid about 20 to 25 euros for it over in Germany, so it was a good deal !
Wasn't there a post some time ago on this board saying that the poster (can't remember who it was) had actually sold a copy to Gil Melle, who at that point didn't even have that album?