1865 QUEEN VICTORIA
1p Red on White laid paper with watermark of 1865 issue.
Printed in sheets of 8 (4 x 2), 
the bottom half aligned with respect to the top four.

PROOF

1/2 Penny Red Orange on Wove paper.

RARE

SPECIMEN
On laid paper without watermark.

Watermark at bottom.
Occurs when the sheet is fed to the press in inverted position.