We present new optical spectroscopic and XMM-Newton X-ray observations of the Active Galactic Nucleus H1320+551 . The optical data ( consistent with but of better quality than a previously published spectrum ) show this source to be a Seyfert 1.8/1.9 galaxy at z = 0.0653 . The narrow line region is significantly reddened , with a Balmer decrement H \alpha / H \beta \sim 6 and the broad line region , with a barely detectable H \beta broad component , shows a much pronnounced Balmer decrement ( H \alpha / H \beta > 27 ) . In spite of this , the EPIC-pn X-ray spectrum exhibits a power-law continuum with a soft excess that is well fitted by a black body , with no photoelectric absorption above the galactic value . A Fe K emission line is also seen at a rest-frame energy \sim 6.5 keV with an equivalent width of \sim 400 eV , far too weak for the source being Compton-thick . Reconciling the optical and X-ray data requires the narrow line region being internally reddened but with small covering factor over the nuclear emission and the Balmer decrement of the broad line region being an intrinsic property rather than caused by reddening/absorption . The H1320+551 Seyfert 1.8/1.9 galaxy is not consistent with being an obscured Seyfert 1 nucleus , i.e. , it does not match the basic AGN unified scheme hypothesis .