£75
UK; 1911-12 Downey Head - four booklet panes of six but with margins removed; ½d wmk. Imperial Crown upright (l.m.m., decent perfs, wrinkles), ½d wmk. Simple Cypher inverted (heavily mounted on two, wrinkles, trimmed at top), 1d wmk. Simple Cypher upright (l.m.m., good perfs), and another 1d wmk. Simple Cypher upright (heavily mounted on two, trimmed at top). (Cat. £1,175 for full panes)
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