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GREAT BRITAINTHE “FORDWATER”COLLECTION27 NOVEMBER 2012LONDON

GROUP CHAIRMAN AND CEOOlivier D. StockerYOUR SPECIALISTSSTAMPSUK - Tim Hirsch Guy Croton David Parsons Nick Startup Neill GrangerPaul Mathews Dominic Savastano Tom SmithUSA - George Eveleth Andrew Titley Ed Robinson Rick PenkoEUROPE - Guido Craveri Fernando MartínezCHINA - Anna Lee Johnny SangCOINSUK - Paul Dawson Julie-Morgane Lecoindre Richard Bishop William MacKayBarbara Mears John PettUSA - Stephen Goldsmith Matthew Orsini Normand PepinCHINA - Mark LiBANKNOTES, BONDS & SHARESUK - Barnaby Faull Mike Veissid Andrew Pattison Tom BadleyUSA - Stephen Goldsmith Matthew OrsiniCHINA - Mark LiORDERS, DECORATIONS, MEDALS & MILITARIAUK - Mark Quayle Oliver PepysBOOKSUK - Philip Skingley Bobby McBriertyAUTOGRAPHSUSA - Stephen GoldsmithWINESCHINA - Anna LeeGuillaume Willk-FabiaYOUR EUROPE TEAM (LONDON - LUGANO)Chairman’s OfficeDennis Muriu Monica KruberDirectorsTim Hirsch Anthony SpinkAuction & Client Management TeamMiroslava Adusei-Poku Sandie Maylor Charles Blane Luca BorgoPhillipa Brown Rita Ariete Sarah Schmitz María Martínez Maurizio ScheniniFinanceAlison Bennet Marco Fiori Mina Bhagat Alison Kinnaird Billy TumeltyIT & AdministrationBerdia Qamarauli Attila Gyanyi Liz Cones Curlene Spencer John WinchcombeHarry Gladwin Tom Robinson Cristina Dugoni Giacomo CanziYOUR AMERICA TEAM (NEW YORK - DALLAS)Chairman EmeritusJohn HerzogAuction Administration and Marketing & DesignRick Penko Patricia Gardner James McGuire Emily Cowin Clyde TownsendFinance & AdministrationSam Qureshi Ingrid Qureshi Ed RobinsonAuctioneersStephen Goldsmith Andrew TitleyYOUR ASIA TEAM (HONG KONG - SINGAPORE)Vice ChairmanAnna LeeAdministrationAmy Yung Dennis Chan Newton Tsang Raymond Tat Gary Tan

GREAT BRITAINTHE “FORDWATER” COLLECTION27 November 2012 in London and on and/orSALE LOCATIONSPINK LONDON69 Southampton Row, BloomsburyLondon WC1B 4ETtel +44 (0)20 7563 4000 fax +44 (0)20 7563 4066Vat No: GB 791627108SALE DETAILSTuesday 27 November 2012 at 10.30 a.m.In sending commission bids or making enquiries,this sale should be referred to as FORDWATER - 12049VIEWING OF LOTSSPINK LONDON69 Southampton Row, BloomsburyLondon WC1B 4ETFriday 23 November 2012 10.00 a.m. - 5.00 p.m.Monday 26 November 2012 10.00 a.m. - 5.00 p.m.YOUR SPINK TEAM FOR THIS SALEFOR YOUR QUESTIONS ABOUT THE SALE LOTSFOR YOUR BIDSPaul Mathewspmathews@spink.com+44 (0)20 7563 4078Guy Crotongcroton@spink.com+44 (0)20 7563 4074Miroslava Adusei-Pokuauctionteam@spink.com+44 (0)20 7563 4020fax +44 (0)20 7563 4037FOR YOUR INTERNET BIDDINGFOR YOUR PAYMENTAttila Gyanyiagyanyi@spink.com+44 (0)20 7563 4090Billy Tumeltybtumelty@spink.com+44 (0)20 7563 4023Spink is pleased to continue to offer Spink Live, the internet bidding servicewhich has revolutionized the way in which our clients bid at auction. To getstarted, feel free to contact us today for personal assistance. Attila Gyanyi isavailable by e-mail: agyanyi@spink.com or tel: +44 (0)20 7563 4090.Use this QR code to visit our online catalogue and leave proxy bids onSpink Live.You can download the QR Code Reader for iPhone, Blackberry andAndroid from App Store on your smartphoneThe Spink Environment Commitment:Paper from Sustainable Forests and Clean InkFor centuries Spink and its employees have been preserving and curating collectable items.We now wish to play a modest role in preserving our planet, as well as the heritage of collectables, so futuregenerations may enjoy both.We insist that our printers source all paper used in the production of Spink catalogues from FSC registeredsuppliers (for further information on the FSC standard please visit fsc.org) and use non hazardous inks. Wehave further requested that they become accredited with the environmental standard ISO 14001.Spink recycle all ecological material used on our premises and we would encourage you to recycle yourcatalogue once you have finished with it.FOR YOUR VAT ENQUIRIESJohn Winchcombejwinchcombe@spink.com+44 (0)20 7563 4101To purchase a catalogue:email: catalogues@spink.comtel: +44 (0)20 7563 4108 fax: +44 (0)20 7563 4037For more information about Spink services, forthcomingsales and sales results visit the Spink Websitewww.spink.comFront Cover Illustration: 173

ExtensionsGREAT BRITAIN THE “FORDWATER” COLLECTIONProspective buyers who wish to obtain an expert opinion on any lot (other than a mixed lot or lot containing undescribed stamps)are requested to notify Spink in writing not less than forty-eight hours before the time fixed for the commencement of the firstsession of the sale. If accepted by Spink, such request shall have the same effect as notice of an intention to question thegenuineness or description of the lot for the purposes of Condition 3.4 of our Terms and Conditions for Buyers.Notice of a request for an expert opinion must give the reason why such is required and specify the identity of the expert whichwill be subject to the agreement of Spink. All lots for which Certificates of Authenticity are desired must be submitted by Spinkto the Expert Committee for choice.Buyers are reminded that any lot(s) purchased “on extension” are subject to payment in accordance with our normalTerms & Conditions of Business. Settlement of any lots on extension should be made at the time of invoicepayment. Overdue accounts are subject to interest charges.Extensions requested on account of condition will not normally be accepted for expert opinions. Any Lot described as having faultsor defects may not be returned should a certificate cite other faults or defects not included in the catalogue description.Should Spink accept a request for an extension under the foregoing provisions of this paragraph, the fact may be stated by theAuctioneer from the rostrum prior to the sale of the lot.It should be noted that any stamp accompanied by a Certificate of Authenticity is sold on the basis of that Certificate only and noton the basis of any other. No request for an extension will be accepted on such a stamp and the return of such a stamp will not beaccepted.Notes Concerning DescriptionsGUM: Original gum should be expected on unused stamps where appropriate, unless stated otherwise in the description:mintunused with original gum showing slight disturbance caused by previous hinge, which may be present in partor entirely removed.part original gum unused with original gum significantly disturbed or heavily hingedunmounted mint original gum as issuedunusedwithout gumCOVERS: Should be expected to have minor nicks and tears usually from opening. Folded letters or covers normally have one ortwo file folds. These are not described unless of an exceptional nature and are not grounds for return.entire letter complete as sent with comments still attached to the outer address portionentirethe outer portion of a folded letter but without contentscoveran envelopeSymbols and Abbreviations unmounted mint unused used+ block of fourB block larger than four used on cover, entire letter, etc. on piecevar. variety, varietiescat. catalogue, catalogue valuec.d.s. circular datestampd.s.h.s.ASCEPFRdatestamphandstampair mailspecimencancelledessayproofforgeryreprintReferencesCatalogue values and numbers are those taken from the latest available edition.The use of Gibbons Specialised catalogues in Great Britain sales is clearly indicated. Where other catalogues are used they arementioned by name.Buyers are reminded that payment must be made within seven days from the date of sale (condition 5.4.1),and interest will be added for overdue accounts (condition 5.10.1.1).Please note charges for credit card payments (condition 5.4.3(iii)).WWW.SPINK.COM

November 27, 2012 - LONDONNote: All buyers must read the notes concerning requests for Extensions printed on page 2 of this catalogue.The Terms of that notice must be complied with fully under all circumstances.TUESDAY 27 NOVEMBER 2012Commencing at 10.30 a.m.GREAT BRITAIN1840 ONE PENNY BLACKPlate Ia12 31 CG, worn impression, good to large margins all round, black Maltese Cross cancellation,small oily mark in margin at left, fine. Photo £150-2002 NE, worn impression, crisp and upright red Maltese Cross cancellation, good to largemargins all round, fine. Photo £150-2003 SC, large if somewhat uneven margins, red Maltese Cross cancellation leaving theQueen’s profile clear, fine. Photo £200-220Plate Ib4 5 64 LF, large margins, crisp red Maltese Cross cancellation, very fine and a most attractiveexample. Photo £200-2505 QD (burr rubs), watermark inverted, good to very large margins all round, blackMaltese Cross cancellation, fine. Photo £600-8006 RA, small part of sheet margin at left and good to large margins other sides, light redMaltese Cross cancellation, fine. Photo £120-1503

GREAT BRITAIN THE “FORDWATER” COLLECTION1840 One Penny Black - contd.Plate II7 897 II, good to large margins all round, crisp red Maltese Cross cancellation, fine. Photo £150-2008 NI, good to large margins all round, upright red Maltese Cross cancellation, fine. Photo £120-1509 RH, good to large margins all round, red Maltese Cross cancellation; small scissors cut inmargin at lower-left, well clear of the design, fine. Photo £120-150Plate III10 1110 KB, grey-black (worn) shade, good to large margins all round, upright and practicallycentral black Maltese Cross cancellation, fine and appealing. Photo £150-20011 TI, good to large balanced margins, ruby-red Maltese Cross cancellation, fine andattractive. Photo £350-400Plate IV12 OE, Plate V TJ, close to large margins all round, red Maltese Cross cancellations, alsophotographic forgery £150-20013 14 1513 OJ, good to large margins all round, crisp black Maltese Cross cancellation, fine. Photo £150-20014 SL, good to large margins all round, crisp ruby-red Maltese Cross cancellation, fine andattractive. B.P.A. Certificate (1988). Photo £300-35015 TD, small part of sheet margin at foot and good to large margins other sides, slightly oilyred Maltese Cross cancellation, fine. Photo £150-200WWW.SPINK.COM

November 27, 2012 - LONDONPlate V1616 PI, margins all round, red “Almwch Penny Post” cancellation, small faults but rare.Specialised A1yb, £5,500. Photo £500-600Plate VI17 18 1917 AL, huge margins, crisp red Maltese Cross cancellation. An outstanding example. Photo £400-40018 HG, intense black shade, part original gum, good to large margins all round, fine.Specialised AS40, £18,000. Photo £1,000-1,50019 KI, good to large margins all round, black Maltese Cross cancellation, fine. Photo £120-150Plate VII20 2120 EK, greyish black shade, crisp and practically complete black Maltese Cross cancellation,good to large margins all round, fine. Photo £150-20021 NB, good to very large margins all round, vivid red Maltese Cross cancellation, fine.Photo £150-200ARE YOU THINKING OF SELLINGA COLLECTION OR SINGLE ITEM AT AUCTION?WITH OVER 60 AUCTIONS PER YEAR, HELD AROUND THE GLOBE, SPINK ARE HAPPYTO ACCOMMODATE YOUR NEEDS TO ACHIEVE THE BEST RESULTS.PLEASE CONTACT OUR SPECIALISTS TODAY FOR FURTHER DETAILS.5

GREAT BRITAIN THE “FORDWATER” COLLECTION1840 One Penny Black - contd.Plate VIII22 2322 RK, deep black shade, good even margins, regummed. Fine appearance. Photo £800-1,00023 SK, large to very large margins and showing portions of the adjoining stamps at top andleft, black Maltese Cross cancellations, fine. Photo £150-200Plate IX24 AH, good to massive margins and showing a portion of the adjoining stamp at left, blackMaltese Cross cancellation; some minor imperfections but an outstanding example. Photo £200-250Plate X25 IG, good margins all round, practically complete black Maltese Cross cancellation, fine.Photo £250-30026 OA, a slightly greyish shade, good to very large margins all round, almost complete blackMaltese Cross cancellation, light wrinkles, fine and attractive. Photo £150-200Plate XI24 25 26Ex 27 28 2927 JC, good to large margins all round, light black Maltese Cross cancellation, light verticalwrinkle, fine. Matched by a four margined example in red. R.P.S. Certificate (1988).Photo £800-1,00028 RJ, good to large margins all round, black Maltese Cross cancellation, a small scissors cutin the upper-left margin, well clear of the design; a fine example from this rare Plate.Photo £1,000-1,20029 RK, greyish black shade, good to large margins all round, black Maltese Crosscancellation, soiled and small faults but scarce. R.P.S. Certificate (2005). Photo £400-500WWW.SPINK.COM

November 27, 2012 - LONDON1840 TWO PENCE BLUEPlate 130 31 3230 BK, bright blue shade, good to very large margins all round and showing a portion of theadjoining stamp at left, oily red Maltese Cross cancellation, fine. Photo £300-35031 CG, good to large margins all round, crisp red Maltese Cross cancellation, tiny thin spotat top, otherwise fine and attractive. Photo £100-15032 DF, a milky blue shade, good to very large margins all round and showing portions of theadjoining stamp at left, black Maltese Cross cancellation, tiny corner crease at upper-right,clear of the design, fine. Photo £150-20033 3433 FA, cut into at places on two sides, tied to piece by a good strike of the rare number “8”in Maltese Cross cancellation. Specialised DS1wh, £18,000. Photo £600-80034 FI, good to very large margins and showing a portion of the adjoining stamp at top,superb complete, upright and central red Maltese Cross cancellation, fine. Photo £500-60035 36 3735 HF, good to very large margins all round, practically complete and upright red MalteseCross cancellation, fine and attractive. Photo £250-30036 II, good margins all round, upright, bright red Maltese Cross cancellation, tiny thin in themargin at left; a very attractive example. Photo £150-20037 MG, close to large margins all round, crisp red Maltese Cross cancellation in an orangeshade, trace of a pressed vertical crease. Photo £100-1507

GREAT BRITAIN THE “FORDWATER” COLLECTION1840 Two Pence Blue, Plate 1 - contd.3839 40 414238 NA, pale blue shade, watermark inverted, close to large margins all round, with a goodstrike of the distinctive Greenock Maltese Cross cancellation, fine; a rare variety and ascarce cancellation. R.P.S. Certificate (which makes no mention of the invertedwatermark) (1985). Photo £2,000-2,50039 OA (shifted transfer), steel blue shade, small part of sheet margin at left and good to verylarge margins other sides, crisp black Maltese Cross cancellation; fine and most attractive.Photo £500-60040 OI, good to very large margins all round, tied to small piece by Scottish (large centre)Maltese Cross in black, fine. Photo £300-35041 PG, good to large margins all round, ruby Maltese Cross cancellation, tiny thin at upperleft,otherwise fine. Brandon Certificate (1999). Photo £200-25042 QE, margins all round, number “7” in Maltese Cross cancellation, small faults but goodappearance and rare. Specialised DS1wg, £18,000. Photo £800-1,000Plate 243 4443 AK, close to large margins all round, black Maltese Cross cancellation, fine. Photo £150-20044 CH, good, even margins all round, red Maltese Cross cancellation, fine. Specialised DS7f,£1,750. Photo £400-45045 46 4745 EJ, close to very large margins all round, part of clear Dorchester Town datestampcancellation, fine and rare. Brandon Certificate (2001). Specialised DS8xb, £9,000. Photo £2,000-2,50046 GL, margins all round, crisp and practically complete “10” in Maltese Cross cancellation,thinned but fine appearance and very rare. R.P.S. Certificate (2008). Specialised DS8wj,£18,000. Photo £2,000-2,50047 LA (double letter L), close to very large margins all round and showing a portion of theadjoining stamp at foot, blue-black Maltese Cross cancellation, fine. Specialised DS7d, ud,£15,000. Photo £1,500-2,000WWW.SPINK.COM

November 27, 2012 - LONDON48 49 505148 LH, good to large margins all round and showing a trace of the adjoining stamp at left,clear and large part number “6” in Maltese Cross cancellation, fine and rare. BrandonCertificate (2004). Specialised DS7wf, £18,000. Photo £2,500-3,00049 NG, pale blue shade, close to large margins all round, upright and practically completeblack Maltese Cross cancellation, fine. Photo £400-50050 PJ, touched at places, with a fine, clear and largely complete number “12” in MalteseCross cancellation, thinned but nevertheless an attractive example. Rare. SpecialisedDS8wl, £18,000. Photo £800-1,00051 TC, good to very large margins all round, black Maltese Cross cancellation, fine. Photo £200-2501841-53 ONE PENNY RED-BROWN“Black” Plates52 Plate 1b: SH, Plate 2: DK, Plate 5: OI, Plate 8: CI, Plate 9: KI, Plate 10: DD and Plate11: QF, all with Maltese Cross cancellations, margins all round, chiefly fine. S.G. 7,£1,575 £150-2005353 Plate 9: LB (“B” double), deep red-brown with good to large margins and showing partof the adjoining stamp at left. An attractive example with large part original gum. R.P.S.Certificate (1985). Specialised AS57c. Photo £3,000-4,00054 Plates 12-45 complete, all with margins all round and all but two with Maltese Crosscancellations, good to fine. Specialised £2,375 £400-5005555 Plate 16: TD, State 1, large to very large margins, red Maltese Cross cancellation, veryfine. R.P.S. Certificate (1986). Specialised BS5sb, £4,800. Photo £800-1,000PROVENANCE:Lady Mairi Bury, 20109

GREAT BRITAIN THE “FORDWATER” COLLECTION1841-53 One Penny Red-Brown - contd.–––––––––– 56 –––––––––– Ex 575856 Plate 17: NH, three examples, the first with black, the second with red and the third withblue Maltese Cross cancellation, margins all round, fine. A wonderful trio. Each withR.P.S. Certificate (1987). Photo £800-1,00057 Plate 21: QD, margins all round, blue Maltese Cross cancellation, also unplated MB withblue-black Maltese Cross cancellation, fine. Photo £150-20058 Plate 34: QA, good to very large margins and showing a trace of the adjoining stamp atright, with lightly struck violet Maltese Cross cancellation, fine and extremely rare. R.P.S.Certificate (1996). Specialised BS23, £8,500. Photo £1,500-2,000PROVENANCE:Lady Mairi Bury, 201059 Plates 46-174: Collection on pages, 132 stamps, chiefly selected four margined examples,including Plate 174: SE (Brandon Certificate 2008), four pairs, chiefly fine £400-50060 61 6260 Plate 47: PG, close to large margins all round, part of violet Scottish type numeralcancellation, fine. Photo £400-50061 Plate 66: RE, a rich orange-brown shade with good to large margins, fresh unmountedmint, tiny natural paper flaw at upper left. R.P.S. Certificate (2007). S.G. 12. Photo £1,200-1,50062 Plate 107: FA, good to very large margins all round, blue Irish “331” numeralcancellation of Moate, fine and a most attractive example from this rare Plate. Photo £100-15063 64 6563 Plate 153: LK, large to record margins and showing portions of five adjoining stamps,“75” numeral cancellations of Birmingham. A monster! Photo £100-15064 Plate 175: PL, clear to enormous margins and showing portions or traces of two adjoiningstamps, London Inland cancellation, very fine and scarce. Brandon Certificate (2008).Specialised £1,000. Photo £200-25065 Plate 176: AA, part of sheet margin and inscription at top, clear to large margins othersides, numeral cancellation, very fine and rare. Specialised £2,900. Photo £600-800WWW.SPINK.COM

November 27, 2012 - LONDON66 67 68 69 7066 Plate 177: CA, good to very large margins, numeral cancellation, fine and scarce. R.P.S.Certificate (1994). Specialised £4,000. Photo £400-60067 DE, part original gum, good to very large margins all round and showing portions ofthree adjoining stamps, very fine and fresh. Photo £300-35068 HA, from the left of the sheet with inscription “In Wetting the” and with large marginsother sides, unmounted mint, creased between the stamp and the margin, good colourand fine. S.G. 8a. Photo £300-40069 MA, showing signs of plate wear, from the left of the sheet with part inscription “PerSheet. Pla...”, other margins good to large, large part original gum; a few age staines notdetracting from very fresh appearance. Photo £400-60070 QB, a rich deep red-brown shade, good to large margins, superb unmounted mint.Photocopy of Holcombe opinion for horizontal pair (1999) S.G. 10. Photo £700-800Cancellations71 Numbers in Maltese Cross: 1-12, complete set, all with margins all round, chiefly clearstrikes. Specialised £3,045 £350-400––––––––––––––––––––––––––––––––––––––– Ex 72 –––––––––––––––––––––––––––––––––––––––72 Distinctive Maltese Cross: Collection of sixteen, including Belfast, Channel Islands (a fullstrike but the stamp defective), Dublin I and II, Eyrecourt, Greenock, Kelso,Leamington, Manchester, Norwich, York, etc., strikes and condition mixed. Photo £1,200-1,50073 74 7573 –– Coventry: A largely complete strike on a four margined example, fine. Specialised£1,000. Photo £200-25074 –– Kilmarnock, a large part strike on 1d. Plate 31, DG, margins all round, fine. Specialised£1,700. Photo £500-60075 –– Mullingar: A complete strike tying “Black” Plate 10 1d. PB to piece (lifted and hingedinto place), touched at foot and with vertical crease at left. Specialised £3,600. Photo £300-35011

1841-53 One Penny Red-Brown, Cancellations - contd.GREAT BRITAIN THE “FORDWATER” COLLECTION76Ex 7776 Dorchester c.d.s. of 23 Feb. 1842, a clear and large part strike on a four margined 1d.,fine. Specialised £800. Photo £200-25077 1844 type in green, two examples, one Irish and one English, both with margins allround, good to fine. Photo £400-6001841 TWO PENCE BLUEPlate 378 79 8078 EF, close to good margins, unused with redistributed gum; trace of thin spot. Acollectable example. R.P.S. Certificate (1987). S.G. 13/15. Photo £250-30079 IF, close to good margins, regummed; fresh appearance. S.G. 13/15, £6,000. Photo £400-50080 LG, large margins and good colour, almost complete and central distinctive Dublin IIMaltese Cross cancellation, very fine. R.P.S. Certificate (2005). Specialised £700. Photo £300-350PROVENANCE:Lady Mairi Bury, 201081 Fifteen used on eleven entires, including one with Maltese Cross cancellation, CA-CBhorizontal pair, II-IK, horizontal strip of three ex the Fox Brothers correspondence, etc.,also a small selection of other covers and cards with 1791 entire letter with “YORK”handstamp and 1841-53 imperforate 1d. (600) in a red stockbook; mixed condition £400-60082 A collection of 146 on pages, seventeen with Maltese Cross cancellations, including fourpairs, two strips of three, used, chiefly fine £700-800WWW.SPINK.COM

November 27, 2012 - LONDONPlate 483 8485 8683 BB, good to large margins, large part original gum, gum bend and trace of thin. Goodcolour and attractive. S.G. 13/15. Photo £800-1,00084 BF, good to large margins, unused; fresh appearance. S.G. 13/15. Photo £400-50085 HD “violet-blue”, thicker lavender tinted paper, huge margins and showing portions ofthree adjoining stamps and a trace of a fourth at upper left, London cancellation, very fineand an extraordinary stamp. Specialised ES16, £1,800. Photo £2,000-2,50086 HK “violet-blue”, marked ivory head with slight sign of lavender tint, large margins, fineused. Specialised ES17, £400. Photo £100-150Cancellations87 Numbers in Maltese Cross: Numbers 1 to 12, mostly four margined examples, strikes andcondition mixed. Specialised £10,650 £1,000-1,20088 Collection of twenty-six, including distinctive Maltese Cross cancellations with Belfast,Dublin and York, 1844 type in blue, also a small group of imperf. and perf. 1d., chieflyfine £400-5001841 (MAY), TRIAL ON DICKINSON SILK THREAD PAPER8989 P Plate 11: 1d. full deep red, OK, good to large margins, an exceptionally fresh example.R.P.S. Certificate (1990). Specialised DP22, £7,500. Photo £2,500-3,000Following the trial printing of the 2d. value, this trial was conducted on the Dickinsonsecurity paper. The first and last vertical columns of the sheet do not have the silk threads. Theink used blued the paper quite deeply. Eight sheets were printed, six of these on gummed paper;however, only examples from the two sheets on ungummed paper have been seen. This paperwas not considered to be as safe as the watermarked paper.13

GREAT BRITAIN THE “FORDWATER” COLLECTION1850Archer Perforation 169090 1d., Plate 98: JF, red-brown on more or less blued paper, unmounted mint with lovelyrich colour, centred to right, fine. Photocopy of R.P.S. Certificate (1991). S.G. 16b,£3,500+. Photo £2,500-3,0001854-5791 92Watermark Small Crown, Perforation 1691 2d., Plate 5: GA, Die I, alphabet II, from the left of the sheet with part inscription “Backbe careful not...”, centred left; small part original gum. Good appearance. R.P.S.Certificate (2006) S.G. 20a, £8,500. Photo £1,500-2,000Watermark Small Crown, Perforation 1492 2d., Plate 4: RE, blue, centred to top right, large part original gum, minor gums bends;good colour and fine example of this very scarce stamp. B.P.A. Certificate (2007).S.G. 23, £10,000. Photo £3,000-4,000has a brand new look online ...New innovative features at your fingertips Your ‘My Spink’ personalised account An extensive search and research functioncovering 280,000 sales results since 2002 3D images for closer inspection on key items All of Spink’s businesses and locationsunder one roof Settle your bill onlineWWW.SPINK.COMWWW.SPINK.COM

November 27, 2012 - LONDON93 9493 1d., LA, red-brown, Die II, well-centred, large part original gum; fine colour and freshappearance. S.G. 24, £600. Photo £250-30094 1d., EJ, orange-brown, Die II, centred to foot, large part original gum; fine colour andfresh appearance. S.G. 25, £1,800. Photo £700-800Watermark Large Crown, Perforation 1495 9695 1d., Plate 8: JB, red-brown, Die II, Alphabet II, centred to top right; Fine unmountedwith fresh colour. Photocopy of Brandon Certificate (2002) for a block of six. S.G. 29,£225+. Photo £200-25096 1d., IE, brick-red, Die II, centred to foot, large part original gum; mottled appearancedue to the heavy bluing of the paper. Fine. S.G. 30, £325. Photo £120-1509797 2d., Plate 5: FC, very well-centred, unused; very fine colour and fresh appearance.S.G. 34, £2,500. Photo £250-300ARE YOU THINKING OF SELLINGA COLLECTION OR SINGLE ITEM AT AUCTION?WITH OVER 60 AUCTIONS PER YEAR, HELD AROUND THE GLOBE, SPINK ARE HAPPYTO ACCOMMODATE YOUR NEEDS TO ACHIEVE THE BEST RESULTS.PLEASE CONTACT OUR SPECIALISTS TODAY FOR FURTHER DETAILS.15

1856-58 PAPER NO LONGER BLUEDGREAT BRITAIN THE “FORDWATER” COLLECTIONWatermark Large Crown, Perforation 169898 1d., rose-red, JC, good centring, large part original gum; fine colour and appearance forthis very scarce stamp. R.P.S. Certificate (2005). S.G. 36, £2,400. Photo £1,000-1,200Watermark Large Crown, Perforated 1499 1d. pale red, ML, unmounted mint, centred to right, good colour and perfs., fine.S.G. 38, £100 £60-801858-79One Penny Red––––––––––––––––––––––––––––––––––––––– Ex 100 –––––––––––––––––––––––––––––––––––––––100 Plates 71-225 (except 77) mostly well-centred and fresh colours; plate 225 with sometoned perforations. Generally good to fine, unmounted mint. S.G. 43/44, £14,200+.Photo for a selection £5,000-6,000–––––––––––––––––––––––– 101 ––––––––––––––––––––––––101 + Selection of blocks of four comprising Plate 102, DF-EG and DD-EE, and Plate 153, RK-SL, gum cracking and paper inclusion; generally good to fine, unmounted mint.S.G. 43/44, £1,000+. Photo £300-400WWW.SPINK.COM

November 27, 2012 - LONDONTwo Pence Blue–––––––––––––––––––––– 102 ––––––––––––––––––––––102 Selection comprising plate 9, CL, marginal (off-centre), plate 13, HJ, plate 14, LE, andplate 15, AB; fresh and generally fine, unmounted mint. S.G. 45/46, £1,750+. Photo £700-800103104 105103 Plate 12: CJ, centred to foot, insignificant ink mark on face, slight wrinkling; fineunmounted mint. S.G. 45, £3,000. Photo £1,200-1,500104 Plate 12: HK, centred to lower right, gum cracking; good colour, unmounted mint.S.G. 45, £3,000. Photo £1,000-1,200105 Plate 14: NL, from the right of sheet showing inscription “..Back be careful not..”, usualgum cracking and two tiny thins; unmounted mint, good colour and appearance.S.G. 46/47, £500+. Photo £100-1201870Halfpenny––––––––––––– Ex 106 ––––––––––––– 107 108106 Plates 1 to 20 (less Plate 9) generally good to fine and mostly unmounted mint.S.G. 48/49, £2,980. Photo for selection £1,000-1,200107 Plate 9: HJ, centred to upper right, large part original gum. Fine colour. S.G 48/49,£6,000. Photo £1,000-1,200108 Plate 9: QP, centred to lower right, some gum cracking and small tear at lower left;unmounted mint, rare. S.G 48/49, £6,000. Photo £600-80017

GREAT BRITAIN THE “FORDWATER” COLLECTION1870 - contd.Three Halfpence109110 111 112109 Plate 1: GG, lake-red, centred to right; fine fresh colour, unmounted mint. S.G. 52,£600. Photo £350-400110 Plate 1: SL, lake-red, variety imperforate with good to very large margins, large partoriginal gum; a couple of small thins and other trivial imperfections. Fresh colour and avery collectable example of rare stamp S.G. 52a, £9,000. Photo £1,500-2,000111 Plate 1: Variety error of lettering OP-PC for CP-PC from one of the worn plate printingsin a rose-red shade, unused. A collectable example of this scarce stamp. S.G. 53, £25,000.Photo £1,500-2,000112 Prepared for use but not issued 1 1 ⁄2d. rosy mauve, EK, part original gum; Reasonablecentring and fair colour. S.G. 53a, £8,500. Photo £2,000-2,5001847-54 EMBOSSED ISSUES113 114 115 116 117113 1/- green, bearly touched at left, with other margins close to large, Die indistinct, goodembossing and fine colour; fresh unmounted mint. A wonderful example. BrandonCertificate (1999). S.G. 55, £20,000. Photo £5,000-6,000114 1/- green, variety double impression, cut square, touched at foot, good to very largemargins other sides, barred oval cancellation, scissors cut at lower-left just into the design,fine appearance but repaired. Brandon Certificate (2002). Specialised HId, £20,000.Photo £400-500115 10d. brown, just touched at top, other margins clear to good, fresh embossing and goodcolour; fine unmounted mint. B.P.A. Certificate (1978). S.G. 57, £11,000. Photo £3,000-4,000116 6d. purple with tinted green gum, watermark reversed, touched at top and close margins,good embossing and colour, minor imperfections otherwise fine unmounted mint.Brandon Certificate (1999). S.G. 60, £18,000. Photo £2,500-3,000117 6d. violet, watermark inverted and reversed, touched on two sides, cut into at right andgood margin at foot, good embossing and colour; small imperfections, unused. Acollectable example of this scarce stamp. S.G. 61Wk, £18,000. Photo £600-800WWW.SPINK.COM

November 27, 2012 - LONDON1855-57Watermark Small Garter118119 120118 4d. carmine, paper slightly blue, unused, fresh colour. Rare. R.P.S. Certificate (1980).S.G. 62a, £9,000. Photo £500-700119 4d. carmine, white paper, fine used, good colour and perfs., scarce. S.G. 62b, £1,100.Photo £200-250120 4d. carmine, on thick, blued, highly glazed paper, centred to top right; large part originalgum, fine. A lovely fresh example with excellent colour. R.P.S. Certificate (1976).S.G. 63, £11,000. Photo £2,500-3,000Watermark Large Garter121 4d. carmine, on thick glazed paper, red “PD” in oval cancellation and part of black c.d.s.,also watermark Emblems 1/- green on thick paper, a little stained. S.G. 66b, 73b, £700 £100-150Watermark Emblems122 123 124 125122 6d. deep lilac, wing margin at right, centred to top left; lovely deep, rich colour. Fineunmounted mint. S.G. 69, £1,800+. Photo £1,200-1,500123 6d. pale lilac on azure paper, “466” barred oval cancellation of Liverpool, fine. R.P.S.Certificate (1984). S.G. 70a, £925. Photo £200-250124 1/-, well centred, large part original gum, fine; wonderful fresh colour. BrandonCertificate (2002). S.G. 73, £3,000. Photo £1,200-1,500125 1/- green on azure paper, “LONDON-W” c.d.s. cancellation, small wrinkle at upper-right,fine. Brandon Certificate (2006). S.G. 73a, £2,000. Photo £200-250ARE YOU THINKING OF SELLINGA COLLECTION OR SINGLE ITEM AT AUCTION?WITH OVER 60 AUCTIONS PER YEAR, HELD AROUND THE GLOBE, SPINK ARE HAPPYTO ACCOMMODATE YOUR NEEDS TO ACHIEVE THE BEST RESULTS.PLEASE CONTACT OUR SPECIALISTS TODAY FOR FURTHER DETAILS.19

1862-64 SMALL CORNER LETTERSGREAT BRITAIN THE “FORDWATER” COLLECTION126127 128 129 130126 3d. bright carmine-rose Plate 2: TE, unused, wing margin at left, good colour and fine.R.P.S. Certificate (2011). S.G. 75, £4,750. Photo £500-600127 3d. pale carmine-rose, DK, on thick paper, centred to top; fine colour, fresh unmountedmint. Rare. Photocopy of R.P.S. Certificate (1948) for a strip of three. S.G. 77b,unpriced. Photo £1,000-1,200128 3d. rose, Plate 3: with dots, CD, unofficial line perforation 14, large part original gum,good colour, small perforation faults as to be expected, otherwise a fine example of thisvery rare stamp. R.P.S. Certificate (1969). Specialised J27a, £14,000. Photo £4,000-5,000129 3d. rose, Plate 3: with dots, EH, imperforate with good to very large margins, large partoriginal gum, small thins. Reasonable colour and a collectable example of this scarcestamp. Specialised J27b, £6,500. Photo £1,500-2,000130 3d. rose, Plate 3 (with white dots): “Abnormal”, TB, lightly cancelled, small thin andslight soiling, short corner perf. at lower-right, otherwise a sound example of this very rarestamp. R.P.S. Certificate (1969). S.G. 78, £15,000. Photo £3,000-3,500PROVENANCE:Isleham, 1987Grant, 2003131132 133 134 135131 4d. pale red, KC, from the top of sheet (some separation), centred to foot, minor gumimperfections. Good colour, unmounted mint. Brandon Certificate (2001). S.G. 80,£1,850. Photo £400-500132 4d. bright red, Plate 4 (hair lines): DB, centred to lower left, superb colour, fine; freshunmounted mint. R.P.S. Certificate (1989). S.G. 81, £2,200. Photo £600-800133 4d. pale red, Plate 4 (hair lines): FH, imperforate with close to large margins, large partoriginal gum. Fine colour and appearance. R.P.S. Certificate (1984). S.G. 82a, £3,700.Photo £1,200-1,500134 6d. lilac, PB, on thick paper, Scottish “133” cancellation of Elgin, fine. S.G. 84b, £350.Photo £80-100135 6d. lilac, Plate 4 (hair lines): DL, imperforate, from the right side of the sheet, large partoriginal gum. Fine colour and appearance. S.G. 85a, £4,250. Photo £1,500-2,000WWW.SPINK.COM

November 27, 2012 - LONDON136 137138 139136 9d. bistre, Plate 2: TF, well centred, minor gum imperfections; good colour, fineunmounted mint. Diena Certificate (1989). S.G. 86, £5,250. Photo £1,500-2,000137 9d. Bistre, Plate 3 (hair lines): “Abnormal”, SG, London “15” Inland Section cancellationand part of red datestamp at lower-left, fine. A rare stamp. B.P.A. Certificate (1964).S.G. 88, £13,000. Photo £3,000-4,000138 1/- green, PB, from the top of the sheet with part marginal inscription, centred to upperright, minor gum imperfections and slight ageing. Fair colour, unmounted mint. BrandonCertificate (2003). S.G. 90, £3,000. Photo £800-1,000139 1/- deep green, Plate 3: AH, “Abnormal”, imperforate from the top right corner of thesheet, large part original gum. Fine colour and appearance. Brandon Certificate (2005).S.G. 91a, £7,000. Photo £3,000-4,0001865-67 LARGE UNCOLOURED CORNER LETTERS140141 142 143140 4d. vermilion, Plate 12: LE, centred to lower left, large part original gum, fine. Goodcolour. S.G. 94, £575. Photo £150-200141 4d. vermilion, Plate 12: NG, wing margin example, centred to foot, part original gum.Vibrant colour and attractive. S.G. 94, £575. Photo £150-200142 4d. vermilion, Plate 12 On Dr. Perkins blued paper: PG-PH, imperforate left marginalpair, part to large part original gum; hinge remainders. Fine. Specialised J59b, £6,400.Photo £2,400-2,800143 4d. vermilion, Plate 13: GL, good colour and appearance, fine unmounted mint. S.G 94,£650. Photo £200-25021

1865-67 Large Uncoloured Corner Letters - contd.GREAT BRITAIN THE “FORDWATER” COLLECTION144145 146147144 6d. lilac, Plate 5: GH, wing margin example, good colour. Fine unmounted mint.S.G. 97, £1,100. Photo £400-500145 6d. lilac, Plate 5: QK, on thick paper, centred to foot, good colour. Fine unmountedmint. S.G. 97a, £1,500. Photo £500-600146 6d. lilac Plate 5: TA, error of watermark, three roses and a shamrock, unclear cancellation,fine. S.G. 97c, £2,250. Photo £200-250147 6d. deep lilac, Plate 6: JK, from the foot of the sheet with part marginal inscription,centred to lower left; minor gum wrinkling, lovely deep colour. Fine unmounted mint.S.G. 96, £3,600. Photo £1,500-1,800148 149 150 151148 9d. straw, Plate 4: MB, centred to upper left. Good colour and appearance, unmountedmint. S.G. 98, £4,500. Photo £1,000-1,200149 9d. straw, Plate 4: LG, on thick paper, centred to lower left, part original gum; dealer’shandstamp on reverse. Good colour and appearance. R.P.S. Certificate (1977). S.G. 98a,£5,250. Photo £1,500-2,000150 1/- green, Plate 4: EI, left wing margin example with reasonable centring; good colourand appearance, fine unmounted mint. S.G. 101, £2,500. Photo £1,000-1,200151 1/- green, Plate 4: TA, error of watermark, three roses and a shamrock, unclearcancellation and off-centre, sound. S.G. 101a, £1,500. Photo £150-200ARE YOU THINKING OF SELLINGA COLLECTION OR SINGLE ITEM AT AUCTION?WITH OVER 60 AUCTIONS PER YEAR, HELD AROUND THE GLOBE, SPINK ARE HAPPYTO ACCOMMODATE YOUR NEEDS TO ACHIEVE THE BEST RESULTS.PLEASE CONTACT OUR SPECIALISTS TODAY FOR FURTHER DETAILS.WWW.SPINK.COM

November 27, 2012 - LONDON1867-80 WATERMARK SPRAY OF ROSE152153154155 156152 3d. rose, Plate 4: AI, from the top of the sheet with wing margin at left, centred to left,unmounted mint, some gum crackling, hinged and small faults in margin; good colour.S.G. 103, £1,800. Photo £700-800153 3d. rose, Plate 5: ED, wing margin at right; fresh unmounted mint. S.G. 103, £525.Photo £250-300154 3d. rose, Plate 6: FK, top marginal with part inscription, centred to lower left; freshcolour, fine unmounted mint (mounted in margin). S.G. 103, £550. Photo £300-350155 3d. pale rose, Plate 6: HK, centred to foot; fresh colour, fine unmounted mint. S.G. 103,£550. Photo £300-350156 3d. rose, Plate 6: QH, wing margin at right, centred to foot; fresh unmounted mint.S.G. 103, £550. Photo £250-300157 158 159 161160162157 3d. rose, Plate 7: DK, centred to foot; fresh colour, fine unmounted mint. S.G. 103,£650. Photo £300-350158 3d. deep rose, Plate 8: MG, unmounted mint, fresh colour, fine. S.G. 102, £625+. Photo £250-300159 3d. rose, Plate 10: HI, centred to foot; fresh colour, superb unmounted mint. S.G. 103,£875. Photo £400-450160 6d. bright violet, Plate 6: JJ, lower marginal with inscription, centred to foot; fine,unmounted mint (mounted in margin). S.G. 107, £1,700. Photo £700-800161 6d. mauve, Plate 9: OA, centred to upper left; fresh, unmounted mint. S.G. 109, £625.Photo £250-300162 6d. mauve, Plate 9 on Dr. Perkins blued paper: SF, imperforate, with close even margins,unused with small imperfections. A collectable example. Specialised J77d, £2,400. Photo £250-30023

November 27, 2012 - LONDON167167 S 2/- brown, AG, handstamped “SPECIMEN” type 9, large part original gum, tiny trace of astain apparent on reverse only, fine. Also Sperati forgery, lettered JL with London “84”in barred oval “cancellation”, signed in pencil on the reverse, fine. S.G. 121s. Photo £1,500-2,000PROVENANCE:Sir Gwaine Baillie Bt., 2007168168 P 2/- brown, Sperati forgery Die Proof, lettered PI, in black on glazed card, marked“REPRODUCTION INTERDITE” and signed in pencil; small crease, mounted on brownsurfaced card, fine. Photo £600-800PROVENANCE:Sir Gwaine Baillie Bt., 2007ARE YOU THINKING OF SELLINGA COLLECTION OR SINGLE ITEM AT AUCTION?WITH OVER 60 AUCTIONS PER YEAR, HELD AROUND THE GLOBE, SPINK ARE HAPPYTO ACCOMMODATE YOUR NEEDS TO ACHIEVE THE BEST RESULTS.PLEASE CONTACT OUR SPECIALISTS TODAY FOR FURTHER DETAILS.25

1872-73 WATERMARK SPRAY OF ROSEGREAT BRITAIN THE “FORDWATER” COLLECTION169170169 6d. pale buff, Plate 12: OB, centred to lower right, very minor imperfections. Freshcolour, unmounted mint. S.G. 123, £1,000. Photo £300-400170 6d. chestnut, Plate 12: “Abnormal”, AA, Newcastle on Tyne cancellation, superb. B.P.A.Certificate (2012), S.G. 124, £3,800. Photo £2,000-2,500171 172171 6d. pale chestnut, Plate 12: “Abnormal”, JL, neat Cambridge c.d.s. of 28 March 1873,fine and scarce. R.P.S. Certificate (1973). S.G. 124a, £3,500. Photo £1,500-2,000172 6d. grey, Plate 12: PF, interpanneau margin with part inscription, centred to foot; freshcolour, very fine unmounted mint. R.P.S. Certificate (1987) for a pair. S.G. 125, £1,850.Photo £800-1,000has a brand new look online ...New innovative features at your fingertips Your ‘My Spink’ personalised account An extensive search and research functioncovering 280,000 sales results since 2002 3D images for closer inspection on key items All of Spink’s businesses and locationsunder one roof Settle your bill onlineWWW.SPINK.COMWWW.SPINK.COM

November 27, 2012 - LONDON1867-83 HIGH VALUESWatermark Maltese Cross173173 10/- grey-green, Plate 1: DE, virtually perfect centring, large part original gum. Superbcolour and a stunning example of this very rare stamp. B.P.A. Certificate (1984).S.G. 128, £60,000. Photo £15,000-20,000174174 £1 brown-lilac, Plate 1: DE, well-centred, large part original gum; corner crease at lowerright and few gum bends. Lovely colour, a very attractive example of this rare stamp.B.P.A. Certificate (1967). S.G. 129, £90,000. Photo £25,000-30,00027

GREAT BRITAIN THE “FORDWATER” COLLECTION1867-83 High Values - contd.Watermark Anchor175175 £5 orange, on white paper, AD, centred to right, vertical crease and a few minor gumbends; very fresh colour, unmounted mint. An attractive example of this popular stamp.S.G. 137, £14,000. Photo £3,000-4,0001873-80 LARGE COLOURED CORNER LETTERSWatermark Small Anchor176176 2 1 ⁄2d. rosy mauve on blued paper, Plate 3: DG, used, fine and rare. R.P.S. Certificate(1988). S.G. 138, £5,500. Photo £2,500-3,000177 179180177 2 1 ⁄2d. rosy mauve, Plate 1: MF, on white paper, centred slightly to right;fine, unmounted mint. S.G. 139, £625. Photo £250-300178 2 1 ⁄2d. rosy mauve, Plate 1: PH, on white paper, lower margin, centred slightlyto right, slight gum bends, fine, unmounted mint. S.G. 139, £625. Photo £200-250179 2 1 ⁄2d. rosy mauve, Plate 2: GA, on white paper, well-centred, gum bend and smallmark not noticeable from front. Fresh, unmounted mint. S.G. 139, £625. Photo.£200-250180 2 1 ⁄2d. rosy mauve, Plate 3: ED on white paper, good centring, part original gum.fresh appearance. S.G. 139, £950. Photo £200-250178WWW.SPINK.COM

November 27, 2012 - LONDON181181 2 1 ⁄2d. Plate 2: error of lettering LH-FL for LH-HL, London inland “31” cancellation,slightly rounded lower-right corner perf. and nibbed perf. at left, fine. S.G. 140, £2,600.Photo £600-800Watermark Orb182 183 184 185182 2 1 ⁄2d. rosy mauve, Plate 4: HJ, well-centred. Fine, unmounted mint. S.G. 141, £500.Photo £200-250183 2 1 ⁄2d. rosy mauve, Plate 5: FE, centred to top right, large part original gum. Fresh andfine. S.G. 141, £500. Photo £120-150184 2 1 ⁄2d. rosy mauve, Plate 6: FD, centred to top left, two slightly toned perfs.; fresh,unmounted mint. S.G. 141, £500. Photo £100-120185 2 1 ⁄2d. rosy mauve, Plate 7: KE, centred to foot; fine, unmounted mint. S.G. 141, £500.Photo £200-250186 187 188 189186 2 1 ⁄2d. rosy mauve, Plate 8: BD, centred to top left; fine, unmounted mint. S.G. 141, £500.Photo £200-250187 2 1 ⁄2d. rosy mauve, Plate 9: EA, mint, light gum creases, fine. S.G. 141, £500. Photo £150-200188 2 1 ⁄2d. rosy mauve Plate 11: HJ, unmounted mint, small coloured mark on reverse, fine.S.G. 141, £500. Photo £200-250189 2 1 ⁄2d. rosy mauve, Plate 12: MD, centred to foot; fine, unmounted mint. S.G. 141, £500.Photo £200-25029

1873-80 Large Coloured Corner Letters, Watermark Orb - contd.GREAT BRITAIN THE “FORDWATER” COLLECTION190191 192 193190 2 1 ⁄2d. rosy mauve Plate 13: NB, very lightly hinged, centred to foot, fresh colour, fine.S.G. 141, £500. Photo £150-200191 2 1 ⁄2d. rosy mauve Plate 14: FF, unmounted mint, slightly pale colour and centred toupper-right, fine. S.G. 141, £500. Photo £150-200192 2 1 ⁄2d. rosy mauve, Plate 15: NK, centred to top left; fine, unmounted mint. S.G. 141,£500. Photo £200-250193 2 1 ⁄2d. rosy mauve, Plate 17: FG, well-centred, gum cracking and corner perf. thinned.Fresh, unmounted mint. S.G. 141, £1,700. Photo £300-400194 195 196194 2 1 ⁄2d. blue, Plate 17: JG, centred to lower right. Fresh colour, unmounted mint. S.G. 142,£550. Photo £200-250195 2 1 ⁄2d. blue, Plate 18, LB, centred to top; fine, unmounted mint. S.G. 142, £550. Photo £200-250196 2 1 ⁄2d. blue, Plate 19: OA, centred to foot; fresh, unmounted mint. S.G. 142, £550. Photo £200-250Watermark Spray of Rose197 198 199197 3d. pale rose, Plate 11: AG, centred to foot; fresh colour, unmounted mint. S.G. 144,£425. Photo £160-200198 3d. pale rose, Plate 12: TD, wing margin at right, centred to foot; fresh colour,unmounted mint. Photocopy of R.P.S. Certificate (1990) for a block of four. S.G. 144,£500. Photo £200-250199 3d. pale rose, Plate 14: BE, wing margin at left, well-centred; fresh colour, unmountedmint. S.G. 144, £525. Photo £160-200WWW.SPINK.COM

November 27, 2012 - LONDON200 201203204202200 3d. pale rose, Plate 15: KG, centred to lower right; fresh and fine unmounted mint.S.G. 144, £425. Photo £150-200201 3d. pale rose, Plate 16: IE, wing margin at left, centred slightly to foot; fresh colour,unmounted mint. S.G. 144, £425. Photo £160-200202 3d. rose, Plate 17: FB, interpanneau margin at top with part inscription, centred to foot;fresh colour, unmounted mint. S.G. 143, £500. Photo £200-250203 3d. pale rose, Plate 18: LL, part margin at foot with part inscription, centred to lowerright; good colour, unmounted mint. S.G. 144, £500. Photo £200-250204 3d. rose, Plate 20: OF, from the foot of the sheet with part marginal inscription, centredto lower right; fresh and fine unmounted mint. S.G. 143, £800. Photo £350-400205205 6d. pale buff, Plate 13: “Abnormal”, KK, “447” cancellation of Leeds, fine. B.P.A.Certificate (2008). S.G. 145, £25,000. Photo £8,000-10,000ARE YOU THINKING OF SELLINGA COLLECTION OR SINGLE ITEM AT AUCTION?WITH OVER 60 AUCTIONS PER YEAR, HELD AROUND THE GLOBE, SPINK ARE HAPPYTO ACCOMMODATE YOUR NEEDS TO ACHIEVE THE BEST RESULTS.PLEASE CONTACT OUR SPECIALISTS TODAY FOR FURTHER DETAILS.31

GREAT BRITAIN THE “FORDWATER” COLLECTION1873-80 Large Coloured Corner Letters, Watermark Spray of Rose - contd.206 207 208 209 210206 6d. deep grey, Plate 14: LA, from the left of the sheet, slightly centred to lower right;fresh colour, superb unmounted mint. S.G. 146, £600. Photo £300-350207 6d. grey, Plate 14: DG, centred to lower right; fresh colour, fine unmounted mint.S.G. 147, £500. Photo £200-250208 6d. grey, Plate 15: OI, centred to foot, some gum wrinkling. Lovely fresh colour,unmounted mint. S.G. 147, £500. Photo £120-150209 6d. deep grey, Plate 16: LE, well-centred, large part original gum; fresh colour andappearance. S.G. 146, £600. Photo £200-250210 6d. deep grey, Plate 17: SG, centred to top; fresh colour, fine unmounted mint. S.G. 147,£950. Photo £400-450211212 213 214 215 216211 1/- green, Plate 8: EG, lower margin with part inscription, reasonable centring; freshcolour, unmounted mint. S.G. 150, £800. Photo £350-400212 1/- green, Plate 9: EJ, centred to foot, very minor gum bends mentioned only foraccuracy; lovely fresh colour, unmounted mint. S.G. 150, £800. Photo £300-350213 1/- green, Plate 10: ML, centred to lower right, some gum wrinkling; fresh colour,unmounted mint. S.G. 150, £750. Photo £250-300214 1/- green, Plate 12: JA, centred to lower left; lovely fresh colour, fine unmounted mint.S.G. 150, £625. Photo £250-300215 1/- green, Plate 12: OH, right wing margin, from the foot of the sheet with partinscription, centred to top, thinned in margin only; lovely fresh colour, fine unmountedmint. S.G. 150, £625. Photo £300-350216 1/- green, Plate 13: RK, centred to left; good colour, fine unmounted mint. S.G. 150,£625. Photo £250-300WWW.SPINK.COM

November 27, 2012 - LONDON217217 1/- orange-brown, Plate 13: CJ, centred to left; fresh colour, unmounted mint. A lovelyexample of this rare stamp. S.G. 151, £4,750. Photo £2,200-2,500Watermark Large Garter218 219218 4d. vermilion, Plate 15: MJ, centred to lower right; fresh colour, fine unmounted mint.S.G. 152, £2,800. Photo £1,200-1,400219 4d. sage-green, Plate 15: TC, centred to top right, a couple of toned perfs.; fresh colour,unmounted mint. S.G. 153, £1,400. Photo £300-400220220 4d. sage-green, Plate 17: “Abnormal”, AI, watermark inverted, part of Bradford-Yorksc.d.s., fine and rare. Brandon Certificate (2004). S.G. 153, £20,000. Photo £6,000-8,000221 222221 8d. orange, QL, from the right of the sheet with part inscription, centred to lower right;fresh colour, fine unmounted mint (mounted in margin). S.G. 156, £1,800. Photo £1,200-1,400222 Prepared for use but not issued 8d. purple-brown, HC, centred to lower left, unused.Good colour. S.G. 156a, £9,750. Photo £600-80033

1880-83GREAT BRITAIN THE “FORDWATER” COLLECTIONWatermark Imperial Crown223224 225 226 227223 2 1 ⁄2d. blue, Plate 21: NL, centred to top right; fresh colour, unmounted mint. S.G. 157,£475. Photo £200-250224 2 1 ⁄2d. blue, Plate 21: SG, watermark inverted, fine used. S.G. 157Wi, £475. Photo £200-250225 2 1 ⁄2d. blue, Plate 22: JA, centred to right, large part original gum. Fresh colour. S.G. 157,£425. Photo £120-150226 2 1 ⁄2d. blue, Plate 23: LF, reasonable centring; fresh colour, unmounted mint. S.G. 157,£425. Photo £180-200227 2 1 ⁄2d. blue, Plate 23: OH, centred to lower left, very light overall toning; fresh colour,unmounted mint. S.G. 157, £425. Photo £150-180228229 230228 3d. rose, Plate 20: LK, good centring, some minor gum cracking; lovely fresh colour,unmounted mint. B.P.A. Certificate (1991). S.G. 158, £900. Photo £400-450229 3d. rose, Plate 21: JK, centred to foot, some minor gum cracking and one toned perf.;fresh colour, unmounted mint. S.G. 158, £500. Photo £160-200230 3d. rose, Plate 21: TB, centred to top, some minor gum creasing; fresh colour,unmounted mint. B.P.A. Certificate (1985). S.G. 158, £500. Photo £150-200231231 3d. on 3d. lilac, KK, from the top on the sheet, centred to top, some light overall toning;fresh colour, unmounted mint. S.G. 159, £600. Photo £200-250WWW.SPINK.COM

November 27, 2012 - LONDON232233235 236 237234232 4d. grey-brown, Plate 17: DI, centred to lower left, gum cracking; fresh colour,unmounted mint. S.G. 160, £425. Photo £120-150233 4d. grey-brown, Plate 17: HI, centred to foot, large part original gum. Fresh colour andappearance. S.G. 160, £425. Photo £120-150234 4d. grey-brown, Plate 18: TD, from the foot of the sheet, reasonable centring, minorageing and small thin in margin. Good colour, unmounted mint. S.G. 160, £425. Photo £120-150235 6d. grey, Plate 17: GD, centred to right, perfs. fractionally clipped at right; very freshcolour, unmounted mint. S.G. 161, £425. Photo £120-150236 6d. grey, Plate 18: SF, centred to left; good colour, unmounted mint. S.G. 161, £375.Photo £150-200237 6d. grey, Plate 18: SK, centred to right, one minor tone spot; good colour, unmountedmint. S.G. 161, £425. Photo £120-150238 239 240238 6d. on 6d. lilac, BH, good centring, tiny gum thin; fresh colour, unmounted mint.S.G. 162, £650. Photo £200-250239 1/- orange-brown, Plate 13: CE, centred to lower right; fresh colour, unmounted mint.Brandon Certificate (1988). S.G. 163, £825. Photo £350-400240 1/- orange-brown, Plate 14: BF, unmounted mint, light gum bends, fresh colour andfine. S.G. 163, £675. Photo £250-3001880-81Ex 241241 1⁄2d. to 5d. set of five with shades of 1 ⁄2d. and 2d., 1 ⁄2d. small thin; fresh and fine unmountedmint. S.G. 164-169, £1,732. Photo for 5d. £300-35035

GREAT BRITAIN THE “FORDWATER” COLLECTION1881242243 244 245246242 1d. bluish lilac, 16 dots, centred to lower right; fresh colour, fine unmounted mint.Brandon Certificate (2006). S.G. 172a, £475. Photo £200-250243 1d. lilac, 16 dots, with “PEARS’ SOAP” advertisement in blue on reverse; fresh and fineunmounted mint. Specialised K8(1)l, £650. Photo £250-300244 1d. deep purple, 16 dots, with “PEARS’ SOAP” advertisement in blue on reverse; fresh andfine unmounted mint. Specialised K8(3)l, £650. Photo £250-300245 1d. mauve, 16 dots, with “PEARS’ SOAP” advertisement in blue on reverse; fresh and fineunmounted mint. Specialised K8(4)l, £650. Photo £250-300246 1d. lilac, 16 dots, from the foot of the sheet, variety printed both sides, very minor tonemarks in margin only. Fine unmounted mint. S.G. 173a, £900. Photo £400-4501883-84 HIGH VALUESBlued Paper247 248247 2/6d. lilac, FD, very well centred, large part original gum; fresh and very fine. BrandonCertificate (2007). S.G 175, £6,750. Photo £3,000-3,500248 5/- rose, DE, good centring; fresh colour, fine unmounted mint. Brandon Certificate(2006). S.G 176, £18,000. Photo £6,000-8,000WWW.SPINK.COM

November 27, 2012 - LONDONWhite Paper250251249249 2/6d. lilac, NF, from the foot of the sheet, very well-centred, minor gum wrinkling; freshcolour, fine unmounted mint. S.G. 178, £600. Photo £200-250250 2/6d. deep lilac, BC, good centring, small gum crease; very fresh colour, unmountedmint. S.G. 179, £825. Photo £250-300251 2/6d. deep lilac, FD, on blued paper from the white paper period, reasonable centring,one corner perf. bend; lovely fresh colour, unmounted mint. Brandon Certificate (1990)S.G. 179a, £9,000. Photo £3,000-4,000252 253 254 255 256252 5/- rose, ME, well-centred, slight gum creasing; fresh colour, unmounted mint.S.G. 180, £1,100. Photo £250-300253 5/- crimson, KH, slightly off-centre; lovely fresh colour, unmounted mint. S.G. 181,£975. Photo £400-450254 10/- cobalt, KH, crisp “COVENT GARDEN B.O./JY 5/84/W.C.” cancellation, very fine anda most attractive example of this scarce shade. B.P.A. Certificate (1958). S.G. 182,£8,250. Photo £3,000-3,500255 10/- ultramarine, BF, reasonable centring, minor rubbing on face, some gum creasing;good, unmounted mint. S.G. 183, £2,250. Photo £600-700256 10/- pale ultramarine, MF, centred to lower left, small patch of crazed gum, very largepart original gum. Fresh colour and fine. S.G. 183a, £2,500. Photo £1,000-1,20037

GREAT BRITAIN THE “FORDWATER” COLLECTION1884 WATERMARK THREE IMPERIAL CROWNS257257 £1 brown-lilac, OD, good centring, very large part original gum. Superb colour, a veryfine example of this very scarce stamp. Brandon Certificate (2001). S.G. 185, £32,000.Photo £15,000-20,0001883 or 1884 LILAC AND GREEN ISSUE––––– Ex 258 ––– 259258 1⁄2d. to 1/-, set of ten, 1 1 ⁄2d. unused and regummed, 5d. slightly toned gum, 9d.outstanding; generally good to very fine, unmounted mint. S.G. 187-196, £5,088. Photofor selection £1,500-2,000259 9d. dull green, BA, variety watermark sideways inverted; fair appearance, unmountedmint. S.G. 195wi, £2,000. Photo £500-6001887-1900 “JUBILEE” ISSUE––––––––––– 260 –––––––––––261260 1⁄2d. vermilion (small perf. faults), 1 ⁄2d. blue-green and 1 1 ⁄2d. dull purple and pale green, allwith variety watermark inverted; fresh and fine unmounted mint. S.G. 197Wi, 198Wi,213Wi, £1,650. Photo £600-700261 1⁄2d. deep vermilion, from the top of the sheet, with “PEARS’ SOAP” advertisement inorange on reverse, large part original gum. Fresh and fine. Specialised K27(1)m, £650.Photo £200-250WWW.SPINK.COM

November 27, 2012 - LONDON262263 264 265 266262 1⁄2d. vermilion, with “PEARS’ SOAP” advertisement in mauve on reverse; fresh and fineunmounted mint. Specialised K27(2)m, £650. Photo £250-300263 2d. green and scarlet; fresh and fine unmounted mint. R.P.S. Certificate (1981).S.G. 199, £550. Photo £200-250264 2d. grey-green and carmine, variety watermark inverted; fresh and fine unmounted mint.S.G. 200Wi, £1,500. Photo £600-700265 2 1 ⁄2d. purple on blue, watermark inverted, oval registered cancellation, fine. S.G. 201Wi,£1,250. Photo £500-600266 3d. purple on orange, fresh colour and fine unmounted mint. Photocopy of P.E. (G.B.)Certificate (1994) for a block of four. S.G. 204, £1,300. Photo £500-600267268 269271 272 270267 4d. green and purple-brown, variety watermark inverted; fresh and fine unmountedmint. S.G. 205Wi, £1,500. Photo £600-700268 4 1 ⁄2d. green and deep bright carmine, from the right side of the sheet, some creasing inmargin only; fresh colour and fine unmounted mint. Photocopy of R.P.S. Certificate(1972) for a block of twelve. S.G. 206a, £1,000. Photo £400-500269 5d. dull purple and blue, Die I, slight gum wrinkling; fresh colour, unmounted mint. S.G207, £1,100. Photo £400-500270 + 9d. dull purple and blue, lower left corner block of four; lovely fresh colour and fineunmounted mint (mounted in margin only). S.G. 209, £475. Photo £180-220271 10d. dull purple and deep dull purple, very good centring; lovely fresh colour and veryfine unmounted mint. S.G. 210a, £800. Photo £350-400272 1/- dull green, variety watermark inverted; fresh and fine unmounted mint. S.G. 211Wi,£2,200. Photo £800-1,00039

GREAT BRITAIN THE “FORDWATER” COLLECTION1887-1900 “Jubilee” Issue - contd.273274273 £1 green, JD, vertical crease and other very minor imperfections; very fresh appearance,unmounted mint. S.G. 212, £7,500. Photo £800-1,000274 1/- green and carmine, variety watermark inverted; fresh and fine unmounted mint.R.P.S. Certificate (1975). S.G. 214Wi, £2,600. Photo £1,000-1,200–––––––––––––––––––––––––– Ex 275 ––––––––––––––––––––––––––275 1⁄2d. to 1/- selection arranged by specialised shades (36) comprising 1 ⁄2d. orange (4), bluegreen(2), 1 1 ⁄2d, (2), 2d. (3) with deep grey-green, 2 1 ⁄2d. (3) with deep purple on bluedpaper, 3d. (2), 4d. (3) with green and deep chocolate-brown, 4 1 ⁄2d. (3), 5d. (2), 6d. (3),9d. (3) with dull purple and bright blue (gum crease), 10d. (2) dull purple and deep dullcarmine (corner perf. bend), 1/- dull green (2) and green and carmine; generally fine tovery fine, unmounted mint. Specialised K27(1) to K41, £2,792. Photo for selection £1,000-1,200275A 1840-80, a mostly mint or unused collection on pages, 105 stamps, including 1841 1d.original gum from the left of the sheet with inscription, 2d., 1854-57 watermark smallCrown, perf. 16 1d. (3), perf. 14 1d. (2), watermark large crown, perf. 14 1d., 1856-581d. (6), 1858-79 2d. Plate 15, 1870 1 ⁄2d. (5), 1 1 ⁄2d. (2), 1855-57 4d., 1/-, 1862-64 3d.,4d., 6d. (3), 9d. (3 and another used), 1865-67 3d. (3), 4d. Plates 7-14, 6d., 1867-703d. (2), 4d. (4), 9d., 10d., 1/- (4), 2/- blue, 1873-80 blued paper 2 1 ⁄2d. Plate 1,watermark Orb 2 1 ⁄2d. rosy mauve Plates 9-11, 13-15 and 16 (2), Plate 15 watermarkinverted, 2 1 ⁄2d. blue (2), 3d. (4), 6d. (2), 1/- (2), watermark Garter 4d. sage-green Plate16d., 1880-83 1/- 1881 1d. 14 dots (2), 16 dots watermark inverted (pair), orangebrown,etc., unmounted mint, part original gum, unused and some regummed, mixedcondition but many fine and some with certificates. A valuable and useful lot worthy ofcareful viewing £6,000-8,000WWW.SPINK.COM

November 27, 2012 - LONDONKING EDWARD VII ISSUES1902-10 De La Rue277 278276279280 281276 1d. blood red, unlisted shade, unmounted mint from the top of the pane, light wrinklesand crease in the margin, fine. R.P.S. Certificate (1995). Photo £250-300277 2d. pale greyish green and scarlet-vermilion, unmounted mint, fine. With photocopy of aBrandon Certificate (2003) for a block of eight. Specialised M11(3). £400. Photo £150-200278 2 1 ⁄2d. ultramarine, variety watermark inverted, fine used. A most attractive example ofthis very rare stamp. R.P.S. Certificate (1981). S.G. 221a, £4,000. Photo £1,000-1,500PROVENANCE:Chartwell, December 2011279 3d. chalk surfaced paper, pale reddish purple on orange-yellow, unmounted mint fromthe foot of the sheet (hinged in margin), slight wrinkles, fine. Specialised M20(1), £400.Photo £150-180280 3d. chalk surfaced paper dull reddish purple on lemon back, yellow front, unmountedmint, fine. Specialised M20 (3), £400. Photo £150-180281 4d. brown-orange, unmounted mint, fresh and well centred, fine. Hendon Certificate(2000). Specialised M25(1), £350. Photo £120-150282 9d. slate-purple and deep ultramarine on chalk surfaced paper, mint, fresh colours andwell centred, fine. Specialised M40(4) £50-60ARE YOU THINKING OF SELLINGA COLLECTION OR SINGLE ITEM AT AUCTION?WITH OVER 60 AUCTIONS PER YEAR, HELD AROUND THE GLOBE, SPINK ARE HAPPYTO ACCOMMODATE YOUR NEEDS TO ACHIEVE THE BEST RESULTS.PLEASE CONTACT OUR SPECIALISTS TODAY FOR FURTHER DETAILS.41

King Edward VII Issues, 1902-10 De La Rue - contd.GREAT BRITAIN THE “FORDWATER” COLLECTION283 284 285 286283 10d. ordinary paper, dull purple and carmine, variety no cross on Crown, unmountedmint, fresh colours, well centred and fine. Specialised M42(1)b, £750. Photo £250-300284 10d. ordinary paper, slate purple and carmine-pink, unmounted mint, fine and fresh.Specialised M42(3), £550. Photo £200-260285 10d. chalk surfaced paper, slate purple and carmine, unmounted mint, fresh colours, fine.Specialised M43(2), £250. Photo £100-120286 10d. chalk surfaced paper, slate-purple and deep carmine, unmounted mint, fresh colours,fine. Specialised M43(3), £500. Photo £200-250287 289288290287 10d. chalk surfaced paper, slate-purple and carmine, variety no cross on Crown,unmounted mint, a very faint trace of gum staining on the reverse, fine. SpecialisedM43(2)b, £700. Photo £200-250288 10d. chalk surfaced paper, slate purple and deep (glossy) carmine, unmounted mint fromthe upper-right corner of the sheet (hinged in the margin), fresh colours and a strikingshade. Brandon Certificate (2005) for a strip of three. Specialised M43(4), £4,500. Photo £2,000-2,500289 10d. chalk surfaced paper, dull purple and scarlet, unmounted mint, fresh colours, wellcentred and fine. Specialised M43(5), £240. Photo £100-120290 10d. chalk surfaced paper, dull purple and scarlet, variety no cross on Crown,unmounted mint from the foot of the pane (hinged in margin), good colours and fine.R.P.S. Certificate (1982). Specialised M43(5)d, £700. Photo £300-350WWW.SPINK.COM

November 27, 2012 - LONDON291 292 293 294291 2/6d. ordinary paper, lilac, unmounted mint from the left of the sheet, very slightwrinkles, well centred, fresh and fine. Specialised M48(1), £500. Photo £200-250292 2/6d. ordinary paper, slate purple, very lightly hinged, fine. Specialised M48(2), £225.Photo £100-150293 2/6d. chalk surfaced paper, pale dull lilac, variety watermark inverted, unmounted mint,fine. A very rare stamp. Specialised M49(1)b, £10,000. Photo £3,000-4,000294 2/6d. chalk surfaced paper, slate purple, unmounted mint, fine. Hendon Certificate(1994). Specialised M49(3), £575. Photo £200-250295 296 297295 5/- bright carmine, unmounted mint, fresh colour and well centred, small violethandstamp on reverse, fine. Specialised M51(2), £800. Photo £350-400296 10/- ultramarine, unmounted mint, tiny wrinkles, fresh colour and well centred, fine.Specialised M53(1), £2,000. Photo £800-1,000297 10/- deep ultramarine, unmounted mint, some light gum wrinkles, good colour and wellcentred, fine. Specialised M53(2), £2,000. Photo £600-800298298 £1 dull blue-green, unmounted mint from the left of the sheet, gum wrinkles as usual,good colour, fine and scarce. S.G. 266, £3,500. Photo £1,200-1,50043

King Edward VII Issues, 1902-10 De La Rue - contd.GREAT BRITAIN THE “FORDWATER” COLLECTION––––––––––––––––––––––––––––––––––– Ex 299 –––––––––––––––––––––––––––––––––––299 A mint collection on pages, seventy-six stamps, including 1 ⁄2d. with St. Andrew’s crossattached (4, two are inverted watermark), 1d. pin repair below “P” of “POSTAGE”, bloodred shade, 1 1 ⁄2d. (8), 2d. (7, including M12(2)), 2 1 ⁄2d. (3), 3d. (5, including M20(2)), 4d.green and brown (5, including M23(1), (3)), 4d. orange (2), 5d. (4, including M28(1),29(1)), 6d. (5), 7d. (2, including M37(2)), 9d. (6, including M39(1-3), 40(2)), 10d. (3,including M42(1-2)), 1/- (6, including M45(1), M46(1, 2, 4)), 2/6d. (2), 5/-, chieflyunmounted mint and the majority fine. Photo for a selection £2,500-3,0001911 Harrison & Sons, Perforated 14–––––– 300 ––––––300 1⁄2d. dull yellow-green with St. Andrew’s cross attached, examples with watermark uprightand watermark inverted, unmounted mint, excellent perfs., fine. Specialised M3e, 3f.Photo £200-250301 1⁄2d. deep dull yellow-green (very blotchy print), vertical pair with interpanneau marginbetween, unmounted mint, folded in the margin, fine and scarce. R.P.S. Certificate(1981). Specialised M3(4) £150-200302 1⁄2d. pale bluish green, unmounted mint strip of three from the lower-left corner of thesheet with “A11” control, tiny wrinkles and hinged in margin, fine. Specialised M3(5),£225+ £100-120ARE YOU THINKING OF SELLINGA COLLECTION OR SINGLE ITEM AT AUCTION?WITH OVER 60 AUCTIONS PER YEAR, HELD AROUND THE GLOBE, SPINK ARE HAPPYTO ACCOMMODATE YOUR NEEDS TO ACHIEVE THE BEST RESULTS.PLEASE CONTACT OUR SPECIALISTS TODAY FOR FURTHER DETAILS.WWW.SPINK.COM

November 27, 2012 - LONDON303303 1⁄2d. bright green (fine impression), unmounted mint from the right of the sheet, fine.Specialised M3(6), £425. Photo £150-200304 1⁄2d. deep bright green, unmounted mint from the left of the sheet, fine. R.P.S. Certificate(1974) for a block of four. Specialised M3(7), £550. Photo £200-250305 1d. intense rose-red, unmounted mint, fine. R.P.S. Certificate (1982). Specialised M6(3),£375 £150-200304306 308309307306 1d. deep rose-carmine, unmounted mint, tiny trace of gum staining and light handstampon reverse, fine. Hendon Certificate (1994). Specialised M6(6), £600. Photo £150-200307 1d. aniline rose, unmounted mint from the foot of the sheet, diagonal gum bend,otherwise fine. Photocopy of R.P.S. Certificate (1990) for a strip of three. SpecialisedM6(7), £275. Photo £80-100308 1d. aniline pink, unmounted mint, fine and rare. Specialised M6(8), £1,200. Photo £400-600309 1d. very deep rose-red, unlisted shade, unmounted mint, fine. Hendon Certificate(2001). Photo £100-120312310310 2 1 ⁄2d. bright blue, variety watermark inverted, unmounted mint from the foot of thesheet, small stain in margin at foot and some gum creases, fine and rare. S.G. 276Wi,£1,900. Photo £500-600311 3d. greyish purple on lemon, unmounted mint, some gum wrinkles, fine. SpecialisedM21(2), £225 £80-100312 3d. grey on lemon, unmounted mint from the right of the sheet (hinged in margin), wellcentred, fresh colours, fine and rare. R.P.S. Certificate (1986). S.G. 277a, £7,000. Photo £2,500-3,000313 4d. bright orange, unmounted mint, fine. Specialised M26(1), £220 £80-10045

King Edward VII Issues - contd.1911 Harrison & Sons, Perforated 15 x 14GREAT BRITAIN THE “FORDWATER” COLLECTION314 1⁄2d. dull green, block of six (3x2) from the top of the sheet, unmounted mint (hingedand pencil notations in the margin), fine. S.G. 279, £390+ £100-150315316 317315 1⁄2d. deep dull green (very blotchy print), unmounted mint, fine and rare. BrandonCertificate (2003). Specialised M4(3), £1,100. Photo £400-500316 1d. intense rose-red, unmounted mint, fine and scarce. Photocopy of P.E.(G.B.)Certificate (1993) for a block of four. Specialised M7(3), £600. Photo £200-250317 3d. grey on lemon, unmounted mint, well centred, fresh and fine. R.P.S. Certificate(1990). S.G. 285, £4,250. Photo £1,500-2,000318 A mint collection on pages, thirty-eight stamps, including perf. 14 1 ⁄2d. pale bluish green,1⁄2d. deep dull yellow-green (M3(4) block of 4), 1d. rose-carmine, 1d. rose-red nowatermark block of four, 2 1 ⁄2d. (M17(1-3), 3d. (M21(1), (4)), perf. 15 x 14 1 ⁄2d. dullgreen and deep dull green shades (M4 (1-2)), 1d. rose-red, pale rose carmine and rosecarmineshades, 2 1 ⁄2d. (M18(1-3)), 3d. (M21(1-2)), 4d. (M27(1-3)), etc., the vastmajority fine £500-6001911-13 Somerset House321 323319322319 1 1 ⁄2d. blackish purple and green (GBF), unmounted mint from the foot of the sheet, freshcolours, fine. Hendon Certificate (1991). Specialised M10(10), £1,000. Photo £350-400320 B 5d. dull reddish purple and cobalt blue, block of six (3x2) from the lower-right corner ofthe sheet with date cuts in the margin, the second stamp with hinge remainders, theothers unmounted mint, some pencil notations in the margin, fine and scarce. SpecialisedM30(1) £150-200321 6d. flourescent ink, dull lilac, unmounted mint, fine. Specialised M33(5), £280. Photo £100-120322 6d. flourescent ink, dull violet, unmounted mint from the lower-right corner of the sheetwith date cuts in the margin, hinged in margin, fine. R.P.S. Certificate (2000) asspecialised M33(8). Photo £100-120323 6d. dull purple on “Dickinson” coated paper, unmounted mint, fine. S.G. 301a, £425.Photo £150-200WWW.SPINK.COM

November 27, 2012 - LONDON326 327324 325324 6d. dull reddish purple on “Dickinson” coated paper, unmounted mint from the upperrightcorner of the sheet, light diagonal gum bends, very slight traces of staining on thereverse and hinged in margin. R.P.S. Certificate (1985). Specialised M34(2), £400. Photo £100-150325 6d. bright magenta, unmounted mint from the foot of the sheet, very light gum bends,well centred, fine and a fresh example of this striking shade. B.P.A. Certificate (2004).S.G. 296, £17,000. Photo £6,000-8,000326 9d. slate purple and cobalt blue, fine unmounted mint. Specialised M41(4), £300. Photo £120-150327 10d. dull reddish purple and scarlet, unmounted mint, light horizontal gum bend, fine.M44(1), £400. Photo £150-200328 329 330328 + 10d. dull purple and scarlet, block of four, the upper pair very lightly hinged, the othersremaining unmounted mint, fine. Specialised M44(2), £510+. Photo £200-250329 10d. dull purple and deep scarlet, unmounted mint from the foot of the pane, wellcentred, good colours and fine. Hendon Certificate (1992). Specialised M44(4). Photo £150-200330 10d. dull reddish purple and aniline pink, unmounted mint from the top of the sheet,light diagonal gum bends, hinged and small thin in margin, fine. Specialised M44(5),£500. Photo £150-200331 1/- deep green and scarlet, variety watermark inverted, very lightly hinged, fine.S.G. 313Wi, £120 £60-8047

King Edward VII Issues, 1911-13 Somerset House - contd.GREAT BRITAIN THE “FORDWATER” COLLECTION332 333 334 335332 2/6d. dull greyish purple, very lightly hinged, a fine example of this very difficult shade.Specialised M50(1), £850. Photo £300-350333 2/6d. dull reddish purple, unmounted mint, some light gum wrinkles, fine. SpecialisedM50(2), £600. Photo £200-250334 2/6d. dark purple, unmounted mint, some gum wrinkles and centred to right, fine.Specialised M50(3), £650. Photo £150-200335 2/6d. pale dull reddish purple, unmounted mint from the right of the sheet, some lightgum wrinkles, fine. Specialised M50(4), £600. Photo £250-300336 337336 10/- bright blue, unmounted mint, light wrinkles, good colour and well centred, fine.Specialised M54(1), £2,000. Photo £800-1,000337 10/- blue, very lightly hinged (if at all) from the right of the sheet, light gum wrinkles,good colour, well centred and fine. Specialised M54(2), £1,000. Photo £300-400338338 £1 deep green, unmounted mint, a tiny portion of gum popped off at lower-left, fine andfresh. Rare. Specialised M56(1), £3,000. Photo £1,000-1,200WWW.SPINK.COM

November 27, 2012 - LONDON–––––––––––––––– Ex 339 ––––––––––––––––339 A mint collection on pages, forty-two stamps, comprising 1 1 ⁄2d. (M10(1-7)), 2d. (M13(1-4)), 5d. (M30(1-4)), 6d. (M33(1-4), M34(1), M36)), 7d. (M38(1-3)), 9d. (M41(1-3),(5)), 10d. (M44(2), (6-8)), 1/- (M47 (1-5)), 5/- (M52(1-2)), 10/-, many unmounted,majority fine. Photo for a selection £1,200-1,500KING GEORGE V ISSUES1911-12 Watermark Imperial Crown341 342 344 345 346340340 Die IA 1 ⁄2d. bluish green, unmounted mint from the top of the sheet, fine. S.G. 323,£400. Photo £150-200341 –– 1 ⁄2d. bluish green, unmounted mint, fine. R.P.S. Certificate (1986). S.G. 323, £400.Photo £120-150342 Die 1B 1 ⁄2d. bright green, variety watermark sideways, fine used. A very rare stamp.B.P.A. Certificate (2004). S.G. 325a, £5,500. Photo £1,500-2,000343 + –– 1 ⁄2d. bright green, block of four from the lower-left corner of the sheet with “A11”control and the fourth stamp showing the cracked Plate variety, unmounted mint,hinged and small stain in margin at foot, fine. Specialised N2(1)e £100-150344 –– 1 ⁄2d. very deep green, unmounted mint, fine. R.P.S. Certificate (1996). SpecialisedN2(7), £650. Photo £220-250345 –– 1 ⁄2d. bluish green, unmounted mint, fine. S.G. 326, £260. Photo £100-120346 –– 1 ⁄2d. bluish green, watermark inverted, unmounted mint, fine. R.P.S. Certificate(1988), Specialised N2(8)a. Photo £100-15049

King George V Issues, 1911-12 Watermark Imperial Crown - contd.GREAT BRITAIN THE “FORDWATER” COLLECTION347 348347 Die 1A 1d. pale carmine, horizontal strip of three from the right of the sheet, the firststamp variety no cross on Crown, light gum wrinkles, fine. Specialised N7(5). Photo £200-250348 –– 1d. rose-pink, unmounted mint, light gum wrinkles, fine. Specialised N7(6), £225.Photo £80-100349 B Die 1B 1d. pale carmine, block of six (3x2) from the lower-right corner of the sheet, thefifth stamp variety white spot on “O” and white dot above “T”, unmounted mint, lightgum wrinkles, fine. N8(2)d £100-150350 353 354350 –– 1d. rose-pink, watermark inverted, unmounted mint, fine. Specialised N8(8), £225.Photo £80-100351 B –– 1d. scarlet, watermark inverted, booklet pane of six (3x2), unmounted mint, goodcolour and perfs., fine. Specialised N9(1)a, £450+ £150-200352 –– 1d. aniline scarlet, lightly hinged, fine. Specialised N9(4), £200 £80-100353 –– 1d. aniline scarlet, watermark inverted, unmounted mint, tiny trace of a stain, fine.Specialised N9(4)a, £325+. Photo £100-120354 Die 2 1 ⁄2d. myrtle-green, unmounted mint, fresh colour, fine. Specialised N4(4), £250.Photo £80-100has a brand new look online ...New innovative features at your fingertips Your ‘My Spink’ personalised account An extensive search and research functioncovering 280,000 sales results since 2002 3D images for closer inspection on key items All of Spink’s businesses and locationsunder one roof Settle your bill onlineWWW.SPINK.COMWWW.SPINK.COM

November 27, 2012 - LONDON1912 Watermark Imperial Crown355 Die 2 1 ⁄2d. bluish green, very lightly hinged, fine. Specialised N4(5), £130 £60-80356358 359 361356 –– 1 ⁄2d. yellow-green, variety watermark inverted, unmounted mint, fine and scarce.Specialised N4(6)a, £1,200. Photo £400-500357 B –– 1 ⁄2d. bright yellow-green, unmounted mint block of six (3x2) from the right of thesheet, hinged and faults in margin, a trifle soiled on the reverse. R.P.S. Certificate (1979)for a block of eight. Specialised N4(7), £420+ £100-150358 Die 2 1d. scarlet, variety watermark inverted, unmounted mint, slight wrinkles, fine.S.G. 341Wi, £600. Photo £200-250359 –– 1d. scarlet, variety watermark inverted and no cross on Crown, unmounted mint,fine. Specialised N11(1)ba. Photo £300-350360 –– 1d. bright scarlet, variety no cross on Crown and broken frame, unmounted mint,one slightly short perf. at top, fine. Specialised N11(2)c £100-120361 –– 1d. bright scarlet, variety printed double, one albino, unmounted mint, fine. Withphotocopy of R.P.S. Certificate (2006) for a block of four. Specialised N11(2)f. Photo £100-150362363 364362 –– 1d. very deep bright scarlet, unmounted mint from the left of the sheet, fine. R.P.S.Certificate (1982) for a pair. Specialised N11(4), £275. Photo £100-150363 –– 1d. aniline scarlet, “B12” Control single, unmounted mint, minor bends, fine.Specialised N11(5). Photo £120-150364 –– 1d. scarlet-vermilion, “B12” Control single, unmounted mint, a tiny coloured markon reverse at foot (mostly in the margin), fine. R.P.S. Certificate (1978). SpecialisedN11(6). Photo £800-1,0001912 Watermark Simple Cypher365 Die 2 1d. scarlet, variety no cross on Crown and broken frame, very lightly hinged,fine. Specialised N12(1)g, £150 £60-8051

GREAT BRITAIN THE “FORDWATER” COLLECTIONKing George V Issues - contd.1912 Watermark Multiple Cypher366 Die 2 1 ⁄2d. pale green, variety imperforate, unmounted mint, fine. Specialised N6(2)f,£220 £80-100367368367 Die 2 1d. scarlet, variety watermark sideways, unmounted mint, some gum wrinkles,fine. Specialised N13(1)d, £250. Photo £100-120368 –– 1d. scarlet, variety imperforate, unmounted mint from the lower-right corner of thepane, hinged and pencil notation in the margin, fine. Specialised N13(1)e, £200. Photo £100-1201911-12369 A mint collection on pages, seventy-one stamps, including 1911-12 watermark CrownDie 1B 1d., 1912 watermark simple Cypher 1 ⁄2d. (2), 1d. (4), 1912 1 ⁄2d. pair, one no crosson Crown, 1d. no cross on Crown (2), 1912 watermark simple cypher 1 ⁄2d. (2) alsoreversed and inverted and reversed watermark, 1d. no cross on Crown (2), 1912watermark multiple cypher 1 ⁄2d. (3), 1d., 1d. no cross on Crown, etc., mostly unmountedmint and the majority fine £400-5001912-24, Watermark Simple Cypher370 1⁄2d. green and deep bright green shades, variety without watermark, unmounted mint,fine. Specialised N14(1), 14(7), b, £400 £150-200371 1⁄2d. very pale green, unmounted mint, well centred and fine. Photocopy of R.P.S.Certificate (1984) for a block of four. Specialised N14(4), £250 £80-100372373372 1⁄2d. very deep green, fine unmounted mint. Scarce. Photocopy of R.P.S. Certificate(1976) for a block of eight. Specialised N14(5), £400. Photo £120-150373 1⁄2d. very deep green, unmounted mint from the lower-left corner of the sheet, lightlyhinged and small pencil notation in the margin, fine. R.P.S. Certificate (1977). SpecialisedN14(5), £400. Photo £120-150WWW.SPINK.COM

November 27, 2012 - LONDON374377375374 1⁄2d. very yellow-(“Cyprus”) green, unmounted mint, fine and a very fresh example of thisrare shade. B.P.A. Certificate (1955). S.G. 355, £13,000. Photo £4,000-6,000375 1⁄2d. very yellow-(“Cyprus”) green, unmounted mint from the top of the sheet (hinged inthe margin), fresh colour, well centred and a very fine example of this rare shade. R.P.S.Certificate (1974). S.G. 355, £13,000. Photo £4,000-6,000376 1⁄2d. blue-green, variety no watermark, unmounted mint from the upper-right corner ofthe sheet, slight gum wrinkles, fine. Specialised N14(14)b, £200+ £100-150377 1⁄2d. deep blue-(“Myrtle”) green, fine unmounted mint. R.P.S. Certificate (1975).Specialised N14(15), £300. Photo £100-150378 379380378 1⁄2d. deep blue-(“Myrtle”) green showing a fine offset on the gummed side, unmountedmint, fine. Specialised N15(15) var. Photo £150-200379 1⁄2d. deep myrtle-green, unmounted mint from the right of the sheet (small faults in themargin), very slight traces of gum staining, fine. R.P.S. Certificate (1989). SpecialisedN14(16), £950. Photo £200-250380 1⁄2d. deep cobalt-green, unmounted mint from the lower-right corner of the sheet (hingedin margin), fine. Photocopy of R.P.S. Certificate (date unclear) for a strip of twelve.Specialised N14(18), £400. Photo £120-150381 1d. vermilion, variety without watermark, unmounted mint from the right of the sheet,fine. Specialised N16(1)a, £250 £80-10053

King George V Issues, 1912-24, Watermark Simple Cypher - contd.GREAT BRITAIN THE “FORDWATER” COLLECTION382 384 385 386388382 1d. bright scarlet, variety “q” for “o”, unmounted mint, fine and fresh. S.G. 357ab,£450. Photo £120-150383 1d. scarlet, variety no watermark, unmounted mint from the right of the sheet, fine.Specialised N16(3)a, £250 £80-100384 1d. pink, unmounted mint from the top of the sheet, very slightly gum stained in themargin, fine. Photocopy of R.P.S. Certificate (1995) for a sheet of 120. SpecialisedN16(10), £350. Photo £100-120385 1d. deep carmine-red, unmounted mint, very slight traces of gum staining, fine. R.P.S.Certificate (1987). Specialised N16(13), £550. Photo £120-150386 1d. scarlet-vermilion, variety printed on the back, unmounted mint, diagonal gum bend,fine. As is usual the impression of the reverse is set sideways and is very pale. S.G. 361a, £450.Photo £150-200387 1d. scarlet-vermilion, unmounted mint from the right of the sheet, fresh and fine. R.P.S.Certificate (1982). S.G. 361a, £180 £80-100388 1d. scarlet-vermilion, variety watermark inverted, unmounted mint from the right of thesheet, fine. Brandon Certificate (1999). S.G. 361var. Photo £120-150389 391 392 393389 1d. scarlet-vermilion, variety Varnish ink, fine unmounted mint. Rare. Photocopy ofR.P.S. Certificate (2005) for a block of four. Specialised N16(14)g. £3,000. Photo £1,000-1,200390 1d. orange-vermilion, unmounted mint, fine. R.P.S. Certificate (1996). SpecialisedN16(15) £225 £80-100391 1d. deep orange-vermilion, unmounted mint, slight gum wrinkles, fine. A scarce shade.Photocopy of Brandon Certificate (1993) for a block of four. Specialised N16(16), £550.Photo £150-200392 1d. deep orange-vermilion, variety watermark inverted and reversed, unmounted mintfrom the right of the sheet, fine. Specialised N16(16)d. Photo £150-200393 1d. pale scarlet, experimental printing, unmounted mint, fine and scarce. SpecialisedN17a, £750. Photo £250-300WWW.SPINK.COM

November 27, 2012 - LONDON394 B 1 1 ⁄2d. red-brown, variety “PENCF”, contained in an unmounted mint block of six (2x3)from the right of the sheet (hinged in the margin), light gum creases, fine. S.G. 362a,£400+ £120-150395396 397395 1 1 ⁄2d. very deep brown, “T22” Control single, unmounted mint, tiny wrinkle at upperleft,fine. R.P.S. Certificate (1979) for a pair. Specialised N18(4), £400+. Photo £150-200396 1 1 ⁄2d. chocolate, “M19” Control single, unmounted mint, diagonal gum bend, fine.R.P.S. Certificate (1978) for a strip of three. Specialised N18(7), £450+. Photo £150-200397 1 1 ⁄2d. brown, “L18” Control single, unmounted mint, fine and scarce. R.P.S. Certificate(1978) for a strip of three. Specialised N18(8), £600+. Photo £200-250398 400398 1 1 ⁄2d. pale brown, unmounted mint from the right of the sheet, light diagonal gum bend,fine and a very scarce shade. R.P.S. Certificate (1988). Specialised N18(9), £750. Photo £200-250399 1 1 ⁄2d. chestnut “PENCF” variety, 1 1 ⁄2d. bright orange-brown “PENCF” repaired, each in ahorizontal pair from the right of the sheet, unmounted mint, fine. Specialised N18(13)f,(16)h £200-250400 1 1 ⁄2d. chocolate-brown, variety no watermark, unmounted mint from the right of thesheet, fine. S.G. 363a, £325. Photo £120-150401 1 1 ⁄2d. deep chestnut, “U23” Control single, unmounted mint from the foot of the sheet,fine. An unlisted shade £80-100402 1 1 ⁄2d., 2d., 3d. (2 shades), 4d. (2 shades), 6d., 7d., 8d., 9d. agate, all variety watermarkinverted, 3d., 6d. and 1/- variety watermark inverted and reversed, unmounted mint,chiefly fine. S.G. £1,200+ £350-40055

King George V Issues, 1912-24, Watermark Simple Cypher - contd.GREAT BRITAIN THE “FORDWATER” COLLECTION403404405406403 2d. Die I, intense bright orange, unmounted mint, fine and a fresh example of this rareshade. R.P.S. Certificate (1978) which mentions a “damp mark left margin” but in ouropinion this is a natural reaction to the fugitive ink and merely confirms the shade.Specialised N19(9), £1,700. Photo £500-600404 2d. Die I, orange, variety no watermark (showing a vertical line only), unmountedmint from the right of the sheet, fine. Specialised N19a, £350. Photo £100-150405 2 1 ⁄2d. deep bright blue, “I16” Control single, unmounted mint from the foot of the sheet(hinged in the margin), fine. R.P.S. Certificate (1990). Specialised N21(5), £350. Photo £150-200406 2 1 ⁄2d. pale milky blue, unmounted mint from the foot of the sheet, fine and a freshexample of this scarce shade. R.P.S. Certificate (1992). Specialised N21(7), £1,800.Photo £600-800407 + 2 1 ⁄2d. powder blue, variety watermark inverted and reversed, 2 1 ⁄2d. blue varietywatermark reversed, both in unmounted mint blocks of four, one with light gum bend,fine. S.G. 372Wj, Wk, £520+ £150-200408 2 1 ⁄2d. blue watermark reversed, 2 1 ⁄2d. blue watermark reversed, 2 1 ⁄2d. blue watermarkinverted and reversed, unmounted mint, fine. S.G. 372Wi, 372Wj, 372Wk, £250 £80-100409 410 411 412409 2 1 ⁄2d. indigo-blue, unmounted mint from the lower-left corner of the sheet (hinged inmargin), fine and well centred. P.E. (G.B.) Certificate (2002). S.G. 373, £5,000. Photo £1,500-2,000410 2 1 ⁄2d. indigo-blue, “O20” Control single, unmounted mint, well centred, fresh and fine.Brandon Certificate (2007). S.G. 373, £5,000+. Photo £2,000-2,500411 2 1 ⁄2d. indigo-blue on toned paper, “O20” Control single, unmounted mint, hinged inmargin, fine. R.P.S. Certificate (1995). Specialised N21(15), £7,000+ Photo £2,500-3,000412 2 1 ⁄2d. Royal blue, unmounted mint from the foot of the sheet, fine. R.P.S. Certificate(1998). Specialised N21(16), £425. Photo £120-150WWW.SPINK.COM

November 27, 2012 - LONDON415413414416413 2 1 ⁄2d. dull Prussian blue, unmounted mint from the lower-left corner of the sheet,diagonal wrinkle, some faults in the margins, fine. R.P.S. Certificate (2000). S.G. 373a,£1,700. Photo £500-600414 2 1 ⁄2d. dull Prussian blue, “R21” Control single, unmounted mint, diagonal gum bend,fine. B.P.A. Certificate (1962), S.G. 373a, £1,700+. Photo £600-800415 2 1 ⁄2d. dull Prussian blue on toned paper, unmounted mint, tiny vertical wrinkle, fine anda fresh example of this extremely rare shade. Brandon Certificate (2001). SpecialisedN21(18), £10,000. Photo £3,000-4,000416 3d. very pale violet, “H16” Control single, unmounted mint (hinged in margin), lightgum wrinkles, fine. R.P.S. Certificate (1979). Specialised N22(5), £380+. Photo £150-200––––– 417 ––––– 419418417 4d. grey-green, watermark reversed and watermark inverted and reversed,unmounted mint, fine. S.G. 375Wj, Wk, £585. Photo £150-200418 4d. grey-green, watermark reversed, unmounted mint from the foot of the sheet, fineand scarce. S.G. 379Wj, £500. Photo £150-200419 4d. pale grey-green, variety no watermark, unmounted mint from the right of the sheet,very minor gum wrinkles, fine. R.P.S Certificate (1987), Specialised N23(2)a, £400.Photo £150-200420 4d. deep grey-green, unmounted mint, fine. Photocopy of R.P.S. Certificate (1976) fora block of nine. Specialised N23(7), £250 £80-10057

King George V Issues, 1912-24, Watermark Simple Cypher - contd.GREAT BRITAIN THE “FORDWATER” COLLECTION421 422423421 5d. brown, watermark inverted, unmounted mint, tiny gum wrinkles, fine. S.G. 381Wi,£1,200. Photo £400-500422 5d. brown, watermark inverted and reversed, unmounted mint, tiny gum wrinkles, fine.S.G. 381Wk, £450. Photo £150-200423 5d. yellow-brown, variety no watermark, unmounted mint from the upper-left corner ofthe sheet, diagonal gum wrinkle, crease in margin, fine and fresh. S.G. 382a, £2,000.Photo £600-700424 5d. ochre-brown, unmounted mint, fine. R.P.S. Certificate (1977). Specialised N25(4),£220 £80-100425 5d. bistre-brown, unmounted mint from the lower-left corner of the sheet, fine.Photocopy of R.P.S. Certificate (1976) for a block of six. S.G. 383, £250 £80-100426 6d. slate-purple, unmounted mint from the lower-left corner of the sheet, crease inmargin, fine. Photocopy of R.P.S. Certificate (1976) for a strip of three. SpecialisedN26(2), £200 £80-100427 428430432427 7d. sage-green, variety no watermark, unmounted mint, fine. R.P.S. Certificate (1975).Specialised N27a, £750. Photo £250-300428 7d. sage-green, variety without watermark (vertical line at right), unmounted mint,fine. Specialised N27a, £750. Photo £200-250429 8d. black on yellow, variety watermark inverted, unmounted mint horizontal pair fromthe foot of the sheet, gum creases or wrinkles, fine. S.G. 390Wi, £380 £120-150430 9d. very deep agate, unmounted mint from the lower-left corner of the sheet, diagonalgum crease, fine. R.P.S. Certificate (1975), Specialised N29(4), £900. Photo £300-350431 9d. olive-green “T22”, “U23” and “V23” control singles, fine unmounted mint.S.G. 393a, £675+ £300-350432 9d. olive-green, variety watermark inverted, unmounted mint from the top of the sheet,fine and rare. S.G. 393Wi, £1,200. Photo £350-400WWW.SPINK.COM

November 27, 2012 - LONDON433434433 10d. turquoise-blue, variety watermark inverted, very lightly hinged, good colour andperfs., fine and very rare. S.G. 394Wi, £2,500. Photo £800-1,000434 10d. turquoise-blue, variety watermark inverted and reversed, unmounted mint, fine.S.G. 394Wk, £475. Photo £150-200436435438439435 1/- bistre, variety watermark inverted, unmounted mint from the upper-left corner ofthe sheet (hinged in the margins), fresh and fine. S.G. 395Wi, £325. Photo £120-150436 1/- bistre, variety varnish ink, large part original gum, slightly gum toned. Rare. R.P.S.Certificate (1967). Specialised N32d, £2,500. Photo £500-600437 1/- fawn-brown, unmounted mint from the lower-left corner of the sheet, light wrinklesand pencil notation in the margin, fine. Specialised N32(6), £250 £80-100438 1/- deep bronze-brown, unmounted mint from the top of the pane, fine and scarce.Photocopy of R.P.S. Certificate (1992) for a block of four. Specialised N32(10), £1,200.Photo £400-450439 1/- yellow-brown, unmounted mint from the foot of the sheet, fine. SpecialisedN32(11), £900. Photo £300-350ARE YOU THINKING OF SELLINGA COLLECTION OR SINGLE ITEM AT AUCTION?WITH OVER 60 AUCTIONS PER YEAR, HELD AROUND THE GLOBE, SPINK ARE HAPPYTO ACCOMMODATE YOUR NEEDS TO ACHIEVE THE BEST RESULTS.PLEASE CONTACT OUR SPECIALISTS TODAY FOR FURTHER DETAILS.59

King George V Issues, 1912-24, Watermark Simple Cypher - contd.GREAT BRITAIN THE “FORDWATER” COLLECTION––––––––––––––––––––––––––––– Ex 440 –––––––––––––––––––––––––––––440 A mint collection on pages, over 170 stamps, including 1 ⁄2d. olive-green (N16(12)), paleolive-green (N16(13)), blue-green (N16(14)) and cobalt green (N16(17)) shades, 1d.deep brick-red, and scarlet vermilion shades (N16(6) and (14)), 1 1 ⁄2d. deep chocolatebrown,deep yellow-brown, bright chestnut and bright orange-brown shades (N18(6),(11), (14), (16)), watermark reversed (vertical interpanneau pair), 2d. deep reddishorange and brown-orange shades (N19(3), (6)), 2 1 ⁄2d. French blue, milky blue, powderblue and violet-blue shades (N21(3), (6), (8-9)), 3d. lavender-violet, very deep violet,heliotrope and brownish violet shades (N22(8), (10-12)), 4d. deep grey-green (N23(7)),5d. reddish brown and ginger brown shades (N25(2), (5)), 6d. deep reddish purple, perf.14, (2), 7d. bronze-green and sage-green shades (N27(3-4)), 8d. ordinary and granitepapers, watermark reversed, 9d. agate (8), 9d. olive-green (2), 10d. deep turquoise-blue(N31(2)), 1/- deep bistre-brown and olive-brown shades, etc., mostly unmounted mint,the majority fine to very fine. An interesting and valuable group. Photo for a selection £1,500-2,000has a brand new look online ...New innovative features at your fingertips Your ‘My Spink’ personalised account An extensive search and research functioncovering 280,000 sales results since 2002 3D images for closer inspection on key items All of Spink’s businesses and locationsunder one roof Settle your bill onlineWWW.SPINK.COMWWW.SPINK.COM

November 27, 2012 - LONDON1913, Watermark Multiple Cypher––––– 441 –––––445––––– 443 –––––441 1⁄2d. bright green and 1d. dull scarlet, unmounted mint, good perfs., fine. S.G. 397-398,£600. Photo £150-200442 1⁄2d. bright green and green shades, unmounted mint, fine. Specialised N15(1), (2), £500 £150-200443 1⁄2d. bright green, 1d. dull scarlet, each in vertical coil join pairs, unmounted mint, goodperfs., fine and rare. Specialised N15e, N17e. Photo £400-500444 1d. dull scarlet, fine unmounted mint, S.G. 398, £350 £100-150445 1d. dull scarlet, variety inverted watermark, unmounted mint, good perfs., fine and rare.S.G. 398a, £1,600. Photo £500-6001913 Waterlow446 447448 449450446 2/6d. deep sepia-brown, unmounted mint, well centred, good colour and perfs., fine.S.G. 399, £750. Photo £250-300447 10/- indigo, unmounted mint, some gum wrinkles, bright colour and well centred, fine.Specialised N69(2). £2,200. Photo £800-1,000448 £1 green, unmounted mint, good colour and superb appearance but corner perf. at lowerrightrepaired. S.G. 403, £4,800. Photo £400-450449 £1 deep green, unmounted mint, pulled perf. at top, otherwise a fine example of this rareshade with fresh colour. R.P.S. Certificate (1991), £6,000. Photo £800-1,000450 £1 dull blue-green, unmounted mint, good colour and quite well centred, fine. R.P.S.Certificate (1988). S.G. 404, £4,800. Photo £1,500-5,00061

GREAT BRITAIN THE “FORDWATER” COLLECTIONKing George V Issues - contd.1915 De La Rue452451451 2/6d. chrome (very pale sepia-brown), unmounted mint from the upper-right corner ofthe sheet (lightly hinged in the margin), well centred, bright colour and very fine. Rare.B.P.A. Certificate (2011). Specialised N64(2), £2,800. Photo £800-1,000452 2/6d. grey-brown (worn plate), unmounted mint from the right of the sheet (hinged inmargin), fresh and fine. S.G. 407, £600. Photo £200-250453 454 455453 2/6d. dark brown, very lightly hinged, well centred and fine. Specialised N64(4), £350.Photo £120-150454 2/6d. dark brown, unmounted mint, fine and fresh. Specialised N64(4), £650. B.P.A.Certificate (2011). Photo £200-250455 2/6d. dark brown, unmounted mint, fine. Specialised N64(4) £650. Photo £200-250456 457 458456 2/6d. yellow-brown, unmounted mint, pencil marks on reverse, fine. S.G. 406, £500.Photo £200-250457 2/6d. yellow-brown, unmounted mint, fine. S.G. 406, £500. Photo £150-200458 2/6d. yellow-brown, watermark inverted, unmounted mint, fine. S.G. 406Wi, £1,800.Photo £600-800WWW.SPINK.COM

November 27, 2012 - LONDON459 460461459 2/6d. yellow-brown, watermark inverted, unmounted mint, good colour and perfs.,fine. S.G. 406Wi., £1,800. Photo £800-1,000460 2/6d. yellow-brown, watermark misplaced and reversed, unmounted mint from theleft of the sheet, fresh and fine. S.G. 406Wj, £1,800. Photo £600-800461 2/6d. bright yellow-brown, unmounted mint, good colour, fine. Specialised N64(8),£600. Photo £200-250462 463 464462 2/6d. cinnamon-brown, a fine unmounted mint example of this rare shade. BrandonCertificate (2003). N64(9), £3,250. Photo £1,000-1,200463 2/6d. brown, unmounted mint, tiny wrinkles, fine. R.P.S. Certificate (2011). SpecialisedN64(10), £2,000. Photo £700-800464 2/6d. very deep brown, unmounted mint, good colour and perfs., fine. R.P.S. Certificate(1978). N64(11), £2,800. Photo £900-1,000465466465 2/6d. reddish brown (chestnut), unmounted mint, fine and fresh. Specialised N64(12),£2,800. Photo £1,000-1,200466 2/6d. reddish brown (chestnut), unmounted mint from the top of the sheet (hinged inmargin), fine and fresh. R.P.S. Certificate (2010). Specialised N64(12), £2,800. Photo £900-1,00063

King George V Issues, 1915 De La Rue - contd.GREAT BRITAIN THE “FORDWATER” COLLECTION467468467 2/6d. blackish brown, unmounted mint, well centred, good colour and perfs., fine.Specialised N64(14), £2,000. Photo £700-800468 2/6d. sepia (“Seal brown”), fine unmounted mint. S.G. 408, £500. Photo £150-200469471470469 5/- bright carmine, unmounted mint, tiny corner perf. crease at upper-left, fine.S.G. 409, £1,000. Photo £300-350470 5/- bright carmine, unmounted mint from the top of the sheet, lightly hinged in themargin, fine. S.G. 409, £1,000. Photo £400-500471 5/- pale carmine (worn plate), unmounted mint, light gum wrinkles, fine. S.G. 410,£1,200. Photo £400-500472 473 474472 10/- deep blue, very lightly hinged, tiny corner perf. fault at lower-left, otherwise fine.S.G. 411, £3,000. Photo £500-700473 10/- bright (“Cambridge”) blue, unmounted mint, well centred and a fine example ofthis rare shade. R.P.S. Certificate (1976). Specialised N70(5), £12,000. Photo £4,000-5,000474 10/- pale blue, unmounted mint, good colour and perfs., fine. P.E.(G.B.) Certificate(1994). S.G. 413, £3,800. Photo £1,200-1,500WWW.SPINK.COM

November 27, 2012 - LONDON475 476 477475 10/- deep (intense) bright blue, unmounted mint from the right of the sheet (hinged inmargin), good colour and perfs., fine and scarce. R.P.S. Certificate (1983). SpecialisedN70(5), £11,000. Photo £3,000-4,000476 10/- bright blue, unmounted mint, light gum wrinkles, fine. Specialised N70(7), £5,000.Photo £1,500-2,000477 10/- deep bright blue, redistributed original gum, good colour and perfs., fine. BrandonCertificate (2006). Specialised N70(7), £3,000. Photo £500-6001918-19 Bradbury, Wilkinson & Co.478 479478 2/6d. olive-brown, unmounted mint, good colour and perfs., fine. S.G. 413a, £325.Photo £120-150479 2/6d. dull sepia-brown, unmounted mint, well centred, good colour and perfs., fine.Specialised N64(2), £325. Photo £120-150480 481480 2/6d. chocolate-brown, unmounted mint from the right of the sheet, hinged in themargin, usual crackly gum, good colour and perfs., fine. S.G. 414, £280. Photo £100-120481 2/6d. pale brown, unmounted mint, good colour and perfs., fine. S.G. 415a, £300.Photo £120-15065

King George V Issues, 1918-19 Bradbury, Wilkinson & Co. - contd.GREAT BRITAIN THE “FORDWATER” COLLECTION482 483 484482 5/- rose-carmine, unmounted mint, well centred, good colour and fine. SpecialisedN68(1), £500. Photo £150-200483 5/- rose-red, unmounted mint, light gum bends, good colour and perfs., fine. S.G. 416,£450. Photo £150-200484 5/- rose-red, unmounted mint, light gum bends, good colour and perfs., fine. S.G. 416,£450. Photo £120-150485486 487485 10/- indigo-blue, unmounted mint, good colour and perfs., fine. Specialised N71(1),£800. Photo £250-300486 10/- dull grey-blue, very lightly hinged, well centred, good colour and perfs., fine.S.G. 417, £375. Photo £120-150487 10/- blackish blue (“Steel blue”), unmounted mint from the right of the sheet andshowing part of guide cross in margin, good colour and perfs., fine. R.P.S. Certificate(1986). Specialised N71(3), £1,500. Photo £500-6001924-26, Watermark Block Cypher488 489488 1⁄2d. green, variety watermark sideways, inverted, unmounted mint, good perfs., fine.S.G. 418aWi, £600. Photo £150-200489 1⁄2d. green, variety no watermark, unmounted mint from the foot of the sheet, diagonalgum bend at foot, fine and rare. Brandon Certificate (2005) for a block of four.Specialised N33ga, £5,000. Photo £1,500-2,000490 1⁄2d., 1d., 1 1 ⁄2d., 2d., 2 1 ⁄2d., 3d., 4d., 5d., 6d. and 9d., all variety watermark inverted,unmounted mint, a few short perfs., chiefly fine £250-300WWW.SPINK.COM

November 27, 2012 - LONDON491492 493491 1 1 ⁄2d. red-brown tête-bêche pair, very lightly hinged, fine. S.G. 420a, £500. Photo £150-200492 1 1 ⁄2d. red-brown, variety printed on the gummed side, from the right of the sheet,hinged on the reverse, fine and scarce. S.G. 420c, £650. Photo £200-250493 2d. orange, variety no watermark, unmounted mint, well centred, fine and rare.S.G. 421a, £2,250. Photo £600-800494 495 496 497494 2 1 ⁄2d. blue, variety no watermark, unmounted mint, some gum wrinkles but fine andscarce. Photocopy of R.P.S. Certificate (1987) for a block of four. S.G. 422a, £3,800.Photo £800-1,000495 6d. reddish purple, Harrison printing, variety watermark inverted and reversed,unmounted mint, diagonal gum crease, fine. S.G. 426Wk, £600. Photo £150-200496 10d. turquoise-blue, variety watermark inverted, unmounted mint, fine and rare.S.G. 428Wi, £3,750. Photo £1,000-1,200497 1/- bistre-brown, variety watermark inverted, unmounted mint, fine. S.G. 429Wi,£600. Photo £200-250498 1/- deep fawn brown, unmounted mint from the left of the sheet, fine. SpecialisedN45(5), £250 £80-100499 A mint collection on pages, seventy-nine stamps, including 1 ⁄2d. yellow-green (N33(6)),1d. deep scarlet-vermilion (N34(4)), 1d. experimental watermark block of four (N34a),1 1 ⁄2d. pale red-brown, 1 1 ⁄2d. experimental watermark (N35b), 2d. deep yellow-orange(N36(4)), 2 1 ⁄2d. ultramarine, 3d. deep brownish violet (N38(6)), 4d. very deep greygreen,4d. watermark inverted (unused), 5d. reddish brown (N40(3)), 6d. Control pairand single with inverted watermark (N42(2)b), 9d. (N43(1-4)), 10d. (N44(1-4)), 1/-(N45(1-4)), etc., the majority unmounted mint and fine £250-300ARE YOU THINKING OF SELLINGA COLLECTION OR SINGLE ITEM AT AUCTION?WITH OVER 60 AUCTIONS PER YEAR, HELD AROUND THE GLOBE, SPINK ARE HAPPYTO ACCOMMODATE YOUR NEEDS TO ACHIEVE THE BEST RESULTS.PLEASE CONTACT OUR SPECIALISTS TODAY FOR FURTHER DETAILS.67

King George V Issues - contd.1929 Postal Union CongressGREAT BRITAIN THE “FORDWATER” COLLECTION500 1d. scarlet, horizontal pair from the right of the sheet, one the broken wreath at left[19/12] variety, unmounted mint, light gum wrinkles, fine. Specialised NCom6d, £200(mounted) £100-120501501 2 1 ⁄2d. blue, watermark inverted, unmounted mint from the left of the sheet, fine andscarce. S.G. 616Wi, £3,750. Photo £1,200-1,500502 £1 black, unmounted mint, fine. S.G. 438, £1,000. Photo £350-4005021934-36 PhotogravureEx 503 504 505 506503 1d. scarlet and 1 1 ⁄2d. red-brown, large format, both watermark inverted, unmountedmint, the 1 1 ⁄2d. (from the left of the sheet) very slightly gum toned, fine. Specialised N48a,N51a, £425. Photo £100-150504 1d. scarlet, large format, watermark reversed and printed on the gummed side, mint,fine. Specialised N48b, var. Photo £200-250505 10d. turquoise-blue, variety varnish ink, unmounted mint, fine. With photocopy ofBrandon Certificate (1998) for a pair. S.G. 448var. Photo £200-250506 1934 re-engraved 2/6d., 5/- and 10/-, unmounted mint, good colours, well centred andfine. S.G. 450-452, £950. Photo £250-300WWW.SPINK.COM

November 27, 2012 - LONDON1935 Silver Jubilee507507 2 1 ⁄2d. Prussian blue error of colour, unmounted mint, good colour and very well centred,merest trace of gum toning, fine and rare. S.G. 456a, £16,000. Photo £8,000-10,000508 Selection of fifty-three, including 1913 Waterlow 2/6d., 5/- (2) and 10/-, 1918-19Bradbury, Wilkinson 2/6d., 1924 and 1925 Wembley sets, 1929 P.U.C. 1 ⁄2d. to 2 1 ⁄2d.,1⁄2d. to 1 1 ⁄2d. watermark inverted and watermark sideways, 1934-36 1 ⁄2d. to 1/-, 1 ⁄2d. to 2d.watermark sideways, 1934 re-engraved 2/6d., etc., many unmounted mint and fine £300-350KING GEORGE VI ISSUES509 1937-51, mint collection on leaves, eighty-three stamps, including 1937-47 1 ⁄2d. to 1/-,1⁄2d. to 2 1 ⁄2d. watermark sideways and watermark inverted, 1939-48 2/6d. to £1, 1948Silver Wedding set, 1951 2/6d. to £1, etc., fine unmounted mint £250-300has a brand new look online ...New innovative features at your fingertips Your ‘My Spink’ personalised account An extensive search and research functioncovering 280,000 sales results since 2002 3D images for closer inspection on key items All of Spink’s businesses and locationsunder one roof Settle your bill onlineWWW.SPINK.COM69

QUEEN ELIZABETH II ISSUESGREAT BRITAIN THE “FORDWATER” COLLECTION510 1952-59, mint collection, 240 stamps, including 1952-54 set, 2d. watermark inverted,1955-58 Waterlow 2/6d. to £1, 1955-58 set, 1958-65 3d. block of four containing twotête-bêche pairs, 1958-61 graphite 1 ⁄2d. to 4 1 ⁄2d., 1 ⁄2d. to 3d. watermark inverted, graphiteline errors, 1959 De La Rue 2/6d. to £1, 1959 phosphor-graphite set and 2d. error ofwatermark, 1967-69 10d. on uncoated paper, 1/6d. greenish blue omitted, 1/6d.phosphor omitted block of 16 (4x4), etc., the majority fine unmounted mint £300-400Ex 511512 514 515511 1955-58 De La Rue 2/6d. to £1, unmounted mint, fine. S.G. 536a-539a, £600. Photo £150-200512 1955-58 watermark Edward Crown 2d. imperforate horizontal pair from the top of thesheet, unmounted mint, fine. See footnote below S.G. 556. Photo £120-150513 1957-2010 (c.), a largely complete unmounted mint collection of commemorative issueshoused in three Lighthouse hingeless albums, a stockbook and loose, contained in acarton, including better phosphor sets; also a selection of varieties with some definitiveissues including missing phosphors with 1971-93 9p. black and orange and a furtheralbum of air letters unused. Generally fine. (thousands) £400-500514 1958-65 Watermark Crown 3d. deep lilac, variety imperforate between stamp andmargin at top, fine unmounted mint. S.G. 575var. Specialised S70c, £500. Photo £150-200515 –– 4d. ultramarine, cream paper, variety imperforate between stamp and margin at top,unmounted mint, crease in the margin, otherwise fine. S.G. 576var. Specialised S83d,£650. Photo £100-150516517518516 –– 1/- bistre-brown, double impression, unmounted mint, light bends, fine.S.G. 584var., Specialised S138a, £275. Photo £100-120517 1958-61 graphite 3d. deep lilac, misplaced graphite lines (well clear of the perfs.),unmounted mint from the upper-left corner of the sheet (hinged in margin), fine.S.G. 592a, £480. Photo £120-150518 1959-68 De La Rue 2/6d. black-brown, unmounted mint from the left of the sheet andshowing a clear offset on reverse, fine. S.G. 595var. Photo £100-150Note: At least four sheets are recorded with the centring in various statesWWW.SPINK.COM

November 27, 2012 - LONDON519521519 –– Bradbury Wilkinson 5/- scarlet-vermilion, variety printed on the gummed side,unmounted mint, fine. Signed BK on the plain side, S.G. 596ab, £1,500. Photo £500-600Note: One sheet was bought in Birmingham, though ten examples were lost before the errorwas noticed. Many examples exist with missing or blunt perforations520 1960-70 errors and varieties, collection in green album, 180 stamps, including 1960Europa 1/6d. maroon displaced, 1964 Forth Road Bridge 6d. red partly omitted used onpiece, 1966 Christmas ordinary 1/6d. block of four, the lower pair with Gold omitted,1966 Hastings phosphor 4d. green omitted (split into two strips of three), 1968 Bridges4d. printed on the gunned side, 1969 Ships 9d. block of twelve (four se-tenant strips ofthree) phosphor omitted,1966 Cathedrals 5d. se-tenant block of four green omitted, etc.,the majority fine unmounted mint £250-300521 1961 Post Office Savings Bank, “Timpson” printing 3d. orange-brown and violet, avertical strip of three, the first stamp with orange brown completely omitted, thesecond largely omitted and the last with orange-brown partly omitted, unmountedmint, the second stamp with a tiny inclusion on the gum and a short perf. at right, fine.S.G. 624Aa, £550 for the completely omitted variety. Photo £300-350522 523522 1964 Shakespeare phosphor 1/3d., watermark inverted, unmounted mint from theright of the sheet, fine. S.G. 648pWi, £325. Photo £100-150523 –– 2/6d. deep slate-purple, watermark inverted, unmounted mint, fine and a scarcevariety. S.G. 650Wi, £550. Photo £200-25071

GREAT BRITAIN THE “FORDWATER” COLLECTIONQueen Elizabeth II Issues - contd.525524526524 + 1964 Geographical Congress 4d. ordinary, violet (face value) omitted, unmounted mintblock of four from the right of the sheet, fine and rare. S.G. 652a, £1,200+; PierronGB1304MCa Photo £400-500QUANTITY: circa 150 mint525 1964 Geographical Congress 4d. ordinary, watermark inverted, unmounted mint, fine.S.G. 652Wi, £850. Photo £200-250526 –– 8d. ordinary, watermark inverted, unmounted mint from the right of the sheet, fine.S.G. 653Wi, £1,800. Photo £500-600527 1964 Geographical ordinary 1/6d., 1964 Botanical 9d. ordinary (2), 1965 Churchillordinary 4d. and 1/3d., 1965 de Montfort 2/6d., 1965 Battle of Britain ordinary 9d.,phosphor 1/3d., 1965 I.T.U. ordinary 9d., 1966 Landscapes ordinary 6d., 1/6d.,phosphor 6d., 1966 World Cup ordinary 6d., phosphor 1/3d., 1966 ordinary Birds setenantblock of four, 1966 Christmas ordinary 1/6d., 1967 EFTA phosphor 1/6d., 1967Flowers ordinary 9d., phosphor 4d. se-tenant block of four, all variety watermarkinverted, unmounted mint, fine. £618 £200-250528 529528 1964 Forth Road Bridge ordinary 6d., variety black printing double, fine unmountedmint. S.G. 660var.; Pierron GBR1320d, £600. Photo £250-300QUANTITY: circa 12 mint529 1964 Fourth Road Bridge 6d. phosphor, watermark inverted, unmounted mint, fine.S.G. 660pWi, £825. Photo £200-250WWW.SPINK.COM

November 27, 2012 - LONDON531533530532535530 1965 Parliament 6d. olive green, ordinary, vertical pair from the upper-left corner of thesheet, variety imperforate between stamp and margin at top, unmounted mint, smallcrease in margin at top and slight stain in margin on reverse, fine. A rare variety.S.G. 663var., Specialised W59a, £1,400. Photo £400-500QUANTITY: 8 to 10 mint, 1 used531 1965 Lister ordinary 4d., variety brown-red (tubing) omitted, unmounted mint, fine.S.G. 667a, £600; Pierron GB1334MCa. Photo £200-250QUANTITY: circa 60 mint532 –– Ordinary 1/- black, purple and new blue, watermark inverted, unmounted mint, fineand scarce. S.G. 668Wi, £625. Photo £200-250533 1965 Post Office Tower 3d., variety olive-yellow (Tower) omitted, unmounted mint,fine and a striking variety. S.G. 679a, £6,000; Pierron GB1358MCa. Photo £2,000-2,500QUANTITY: circa 30 mint, 15 used534 1966 World Cup Football ordinary 6d., black omitted, unmounted mint, fine.S.G. 694a, £200; Pierron GB1388MCa £80-100QUANTITY: circa 200 mint535 –– Ordinary 1/3d., blue omitted, unmounted mint, fine. S.G. 695a, £350; PierronGB1390MCa. Photo £100-150QUANTITY: circa 240 mintARE YOU THINKING OF SELLINGA COLLECTION OR SINGLE ITEM AT AUCTION?WITH OVER 60 AUCTIONS PER YEAR, HELD AROUND THE GLOBE, SPINK ARE HAPPYTO ACCOMMODATE YOUR NEEDS TO ACHIEVE THE BEST RESULTS.PLEASE CONTACT OUR SPECIALISTS TODAY FOR FURTHER DETAILS.73

GREAT BRITAIN THE “FORDWATER” COLLECTIONQueen Elizabeth II Issues - contd.1966 British Birds536536 + 4d. ordinary, se-tenant block of four, variety emerald-green omitted, unmounted mintfrom the right of the sheet and showing part arrow, fine. S.G. 696-698f, £600; PierronGB1392Mcf. Photo £200-250QUANTITY: circa 90 mint537537 + 4d. phosphor, se-tenant block of four, variety emerald-green omitted, unmounted mintfrom the right of the sheet with part arrow, small wrinkle, fine. S.G. 696-698pf, £600;Pierron GB1392MCg. Photo £200-250QUANTITY: circa 90 mint538538 + 4d. ordinary, se-tenant block of four, variety bright blue omitted, unmounted mint fromthe left of the sheet with part arrow, fine. S.G. 696-697g, £1,400; Pierron GB1392Mch.Photo £500-600QUANTITY: circa 40 mintWWW.SPINK.COM

November 27, 2012 - LONDON539 + 4d. ordinary, se-tenant block of four, variety reddish-brown omitted, unmounted mint,small wrinkles, fine. S.G. 698-699j, £250; Pierron GB1392MCI £100-120QUANTITY: circa 240 mint540 + 4d. phosphor, se-tenant block of four, variety reddish-brown omitted, unmountedmint, fine. S.G. 698-699pj; Pierron GB1392MCm, £350 £100-150QUANTITY: circa 90 mint541 1966 British Technology ordinary 6d., variety red printing double, unmounted mint,tiny coloured mark on the gum, fine. S.G. 702var. £80-100QUANTITY: 120 mint1966 Battle of Hastings542 4d. ordinary, se-tenant strip of six, bistre omitted, fine unmounted mint. S.G. 705-710c,£390; Pierron GB1410MCc £150-200QUANTITY: circa 40 strips543 4d. ordinary, se-tenant strip of six, magenta omitted, unmounted mint, fine. S.G. 705-710f, £390; Pierron GB1410MCi £150-200QUANTITY: circa 40 strips544 4d. phosphor, se-tenant strip of six, green omitted, unmounted mint, fine. S.G. 705-710pg, £390; Pierron GB1410MCl £150-200QUANTITY: circa 60 strips545 4d. ordinary, se-tenant strip of six, blue omitted, unmounted mint from the top of thesheet with colour crosses, fine. S.G. 705-710h, £390; Pierron GB1410MCm £150-200QUANTITY: circa 80 mint strips and one first day cover546 4d. ordinary, se-tenant strip of six, grey omitted, unmounted mint, folded throughcentral vertical perfs., fine. S.G. 705-710j, £390; Pierron GB1410MCo £100-120QUANTITY: circa160 mint strips547 4d. phosphor, se-tenant strip of six, grey omitted, unmounted mint from the top of thesheet with colour crosses, fine. S.G. 705-710pj, £390; Pierron GB1410MCp £150-200QUANTITY: circa 80 mint strips, one first day cover548548 1966 Christmas 1/6d., variety pink (hat) omitted, unmounted mint, fine and scarce.S.G. 714a, £4,500; Pierron GB1428MCc. Photo £1,500-2,000QUANTITY: 36 mint75

GREAT BRITAIN THE “FORDWATER” COLLECTIONQueen Elizabeth II Issues - contd.1967 E.F.T.A.549551 555549 9d. ordinary, variety black (Queen’s head, etc.) brown, new blue and yellow omitted,unmounted mint, fine. A striking error. S.G. 715a, £1,250; Pierron GB1430MCa. Photo £600-800QUANTITY: 120 mint550 9d. ordinary, variety lilac omitted, another variety brown (rail trucks) omitted,unmounted mint, fine. S.G. 715b, 715d; Pierron GB1430MCb, MCf. £230 £100-150QUANTITY: 240 and 360 respectively551 9d. phosphor, variety lilac omitted, unmounted mint from the left of the sheet, fine.S.G. 715pb, £225; Pierron GB1430MCc. Photo £100-150QUANTITY: circa 90 mint552 9d. phosphor, examples with green omitted, brown omitted and new blue omitted,unmounted mint, the last with light horizontal bend, fine. S.G. 715pc., pd, pe, £365;Pierron GB1430MCe, MCg, MCi £150-200QUANTITY: 240 of the first and third, 360 of the second553 1/6d. ordinary, examples with brown omitted, blue-grey omitted, new blue omittedand yellow omitted, unmounted mint, the first with a few coloured specks on the gum,fine. S.G. 716c, d, e, f, £340; Pierron GB1532MCe, MCg, MCi £100-150QUANTITY: circa 240 of each554 1/6d. ordinary, examples with blue-grey and yellow omitted, unmounted mint, fine.S.G. 716d, f, £270; Pierron GB1432MCb, MCg £100-120QUANTITY: circa 240 of each555 1/6d. phosphor, variety deep blue omitted, unmounted mint, fine. S.G. 716pb, £550;Pierron GB1432MCd. Photo £150-200QUANTITY: circa 60 mint556 1/6d. phosphor, examples with brown omitted and blue-grey omitted, unmountedmint, the first with small area of flat gum at foot, S.G. 716pc, pd, £230; PierronGB1432MCf, MCh £80-100QUANTITY: circa 360 and 240 mint respectively1967-70557 3d. violet, one centre band, horizontal strip of three from the right of thesheet, the last stamp imperforate, unmounted mint, fingerprint on gum,fine. S.G. 729var. £100-120558 5d. royal blue, imperforate pair, unmounted mint, small coloured markon gum, fine. S.G. 735c, £275 £60-80559 8d. bright vermilion, phosphor omitted, unmounted mint, fine.S.G. 738Ey, £425. Photo £100-120559WWW.SPINK.COM

November 27, 2012 - LONDON1967 British Paintings560 4d. Master Lambton, variety Gold (value and Queen’s head) omitted, unmountedmint, fine. S.G. 748a, £350; Pierron GB1496MCa £120-150QUANTITY: circa 120 mint561562561 9d. Mare and Foals, variety phosphor omitted, unmounted mint, fine. S.G. 749Ey,£500. Photo £150-200562 1/6d. Children coming out of school, variety new blue omitted, unmounted mint fromthe foot of the sheet, fine. S.G. 750b, £300; Pierron GB1500MCb. Photo £120-150QUANTITY: 60 mint563 1/6d., variety grey (clouds and shading) omitted, another variety phosphor omitted,unmounted mint, the first a little wrinkled, fine. S.G. 750c, Ey, £460 £150-200564 1967 Discovery and Invention 1/9d., variety phosphor omitted, large part original gum,fine. S.G. 755Ey, £500 (unmounted) £100-120565 1967 Christmas 3d. Gold omitted, 3d. phosphor omitted (single (small surface fault),block of four), 4d. Gold omitted, 4d. right hand phosphor band omitted, 4d. onebroad phosphor band, unmounted mint, chiefly fine. S.G. 756a, 757a, etc. £80-100566566 –– 3d., variety printed on the gummed side, unmounted mint from the top of the sheet,a few coloured marks on the plain side and in the margin, fine. S.G. 756b, £600. Photo £150-20077

Queen Elizabeth II Issues - contd.1968 British BridgesGREAT BRITAIN THE “FORDWATER” COLLECTION567 9d. Aberfeldy Bridge, variety Gold (Queen’s head) omitted, unmounted mint from theright of the sheet, fine. S.G. 764a, £225; Pierron GB1528MCa £100-150QUANTITY: circa 120 mint568569568 1/9d. M4 Viaduct, variety Gold (Queen’s head) omitted, unmounted mint from thelower-right corner of the sheet, fine. S.G. 766a, £400; Pierron GB1532MCa. Photo £150-200QUANTITY: circa 120 mint569 1/9d., variety Gold (Queen’s head) and phosphor omitted, fine used at Reading. Veryrare. S.G. 766Eya; Pierron GB1532MCb. Photo £1,500-2,000QUANTITY: circa 6 used1968 British Paintings570 571 573570 4d. Queen Elizabeth, variety Gold (Queen’s head and value) omitted, unmountedmint, fine. S.G. 771a, £350; Pierron GB1542MCa. Photo £150-200QUANTITY: circa 60 mint571 4d., variety vermilion omitted, unmounted mint, fine. S.G. 771b, £700; PierronGB1542MCb. Photo £200-250QUANTITY: circa 20 mint572 4d., 1/-, 1/6d., 1/9d., all variety phosphor omitted, 1/9d. variety embossing omitted(2), unmounted mint, fine. S.G. 771Ey, 772Ey, 773Ey, 774Ey, 774Ec, £318 £100-150573 1/6d. Ruins of St. Mary Le Port, variety Gold (Queen’s head and value) omitted,unmounted mint, fine. S.G. 773a, £300; Pierron GB1546MCa. Photo £120-150QUANTITY: circa 90 mintWWW.SPINK.COM

November 27, 2012 - LONDON574574 1968 Christmas 4d., variety ultramarine and phosphor omitted, unmounted mint fromthe left of the sheet, fine. S.G. 775c, £500; Pierron GBR1550d, £500; PierronGB1550MCd. Photo £200-250QUANTITY: 120 mint, one used575 –– 9d., variety yellow omitted, unmounted mint, fine. S.G. 776a, £160; PierronGB1552MCa £80-100QUANTITY: circa 240 mint1969 British Ships576 5d. variety black (Queen’s head, value,hull and inscription) omitted, unmountedmint from the foot of the sheet, pencilled“12” on the reverse, fine. A striking andmajor modern rarity. S.G. 778a, £3,200;Pierron GB1556MCa. Photo £1,500-2,000QUANTITY: 72 mint577 5d. variety grey (decks) omitted,unmounted mint from the left of the sheet,fine. S.G. 778b, £250; PierronGB1556MCb £100-120QUANTITY: 175 mint576578 5d. variety red (inscription and phosphor) omitted, unmounted mint from the foot ofthe sheet, fine. S.G. 778Eya, £225; Pierron GB1556MCc £100-120QUANTITY: 144 mint579 5d. variety red (inscription) and phosphor omitted, another example, unmountedmint, fine. S.G. 778Eya, £225; Pierron GB1556MCd. £100-120580580 9d. se-tenant strip of three variety blue omitted from Elizabethan Galleon, unmountedmint from the left of the sheet, fine and scarce. B.P.A. Certificate (2005). S.G. 779ac,£3,500; Pierron GB1558MCa. Photo £1,200-1,500QUANTITY: 40 mint79

GREAT BRITAIN THE “FORDWATER” COLLECTIONQueen Elizabeth II Issues - contd.1969 Concorde581582 583581 4d. variety violet (value, etc.) omitted, unmounted mint, fine. S.G. 784a, £700; PierronGB1568MCa. Photo £350-400QUANTITY: 120 mint582 4d. variety yellow-orange and phosphor omitted, unmounted mint, fine. S.G. 784Eya,£700; Pierron GB1568MCb. Photo £250-300QUANTITY: circa 120 mint583 1/6d. variety silver-grey omitted, unmounted mint, fine. S.G. 786a, £700; PierronGB1572MCa. Photo £300-350QUANTITY: 120 mint, some used584 1969 Anniversaries Flags of N.A.T.O countries 1/6d., examples with black omitted,yellow-green (from flags) and yellow-green and phosphor omitted, unmounted mint,fine. S.G. 794e, f, Eya; Pierron GB1588MCa, MCc, MCd, £300 £120-150QUANTITY: circa 360 of each585 –– Vickers Vimy 1/9d. variety uncoated paper, unmounted mint, fine. With normal forcomparison. S.G. 795Ey £100-120586 1969 British Architecture St. Paul’s Cathedral 9d. variety black omitted, also another butwith phosphor omitted, unmounted mint, fine. S.G. 800a, 800Ey; PierronGB1600MCa, £325 £120-150587 588587 1969 Investiture King’s Gate 5d., black (value and inscription) omitted, unmountedmint, fine and scarce. S.G. 802b, £700. Photo £220-250QUANTITY: circa 48 mint588 –– Queen Eleanor’s Gate 5d. variety black (value and inscription) omitted, unmountedmint, some surface wrinkles as often found with this issue, fine. S.G. 804b, £700. Photo £150-200QUANTITY: circa 48 mintWWW.SPINK.COM

November 27, 2012 - LONDON589589 1969 Gandhi 1/6d. with variety printed on the gummed side, unmounted mint, fineand scarce. S.G. 807a, £1,500. Photo £700-1,000QUANTITY: circa 50 mint1969 Christmas590591592 593590 5d. with variety green omitted, unmounted mint, fine. S.G. 813d, £450; PierronGB1626MCd. Photo £150-200QUANTITY: circa 120 mint591 + 5d. with variety Gold (Queen’s head) omitted, unmounted mint block of four, fine andscarce. S.G. 813c, £4,800+; Pierron GB1626MCa. Photo. £2,000-2,500QUANTITY: circa 30 mint592 1/6d. variety deep slate (value) omitted, unmounted mint from the right of the sheet,fine. S.G. 814b, £500; Pierron GB1628MCb. Photo £200-250QUANTITY: circa 120 mint593 1/6d. variety greenish yellow omitted, unmounted mint, fine. S.G. 814c, £500; PierronGB1628MCc. Photo £200-250QUANTITY: circa 120 mint594 1/6d. variety Gold (Queen’s head) omitted and another variety new blue omitted,unmounted mint, fine. S.G. 814a, 814e, £310; Pierron GB1628MCa, MCd £120-150QUANTITY: circa 180 and 240 mint respectively81

GREAT BRITAIN THE “FORDWATER” COLLECTIONQueen Elizabeth II Issues - contd.595 1970 Rural Architecture 5d. variety lemon omitted, 9d. variety phosphor omitted, 1/-variety new blue omitted, 1/6d. variety phosphor omitted, unmounted mint, fine.S.G. 815a, 816a, 817a, 818Ey, £295 £100-1501970 Anniversaries596597 599596 5d. Declaration of Arbroath, variety emerald omitted, unmounted mint from the foot ofthe sheet, fine. S.G. 819b, £550; Pierron GB1638MCb. Photo £200-250QUANTITY: circa 60 mint597 5d. Declaration of Arbroath, variety emerald omitted, unmounted mint, fine. S.G. 819b,£550; Pierron GB1638MCb. Photo £250-300598 1/-, examples with variety Gold (Queen’s head) omitted, green and embossingomitted, green omitted and embossing omitted, unmounted mint, fine. S.G. 821a,Eb, c, Ee, £442; Pierron GB1642MCa, MCb, MCd £150-200599 1/- variety brown omitted, unmounted mint from the left of the sheet, light diagonalbend, fine. S.G. 821d, £320; Pierron GB1642MCc. Photo £150-200QUANTITY: circa 240 mint600 1/6d. variety gold (Queen’s head) omitted, unmounted mint, fine. S.G. 822a; PierronGB1644MCa, £320. Photo £150-200QUANTITY: circa 120 mint601 1/6d. examples with variety emerald omitted, embossing omitted and phosphoromitted, unmounted mint, fine. S.G. 822b, Ec, Ey, £181 £80-100has a brand new look online ...New innovative features at your fingertips Your ‘My Spink’ personalised account An extensive search and research functioncovering 280,000 sales results since 2002 3D images for closer inspection on key items All of Spink’s businesses and locationsunder one roof Settle your bill onlineWWW.SPINK.COMWWW.SPINK.COM

November 27, 2012 - LONDON602602 1/9d. variety lemon (trousers and document) omitted, used with the other four valuesof the set on unaddressed first day cover with London W.C. cancellation, fine and rare.S.G. 823a; Pierron GB1646MCa. Photo £3,000-4,000QUANTITY: 2 mint and 2 first day covers603 + 1970 Literary Anniversaries 5d. se-tenant block offour, variety Oliver Twist with light greenish blue(value) omitted, unmounted mint, a few speckledmarks on gum, fine. S.G. 827c, £800; PierronGB1648MCc. Photo £300-350QUANTITY: circa 50 mint604 –– 1/6d. with variety silver (“Grassmere”) omitted,in horizontal pair with normal, unmounted mint, fine.S.G. 828d, £250; Pierron GB1656MCb £100-150QUANTITY: circa 90 mint83603

GREAT BRITAIN THE “FORDWATER” COLLECTIONQueen Elizabeth II Issues - contd.1970 Christmas605 4d. horizontal pair from the left of the sheet, variety imperforate between stamp andmargin at left, unmounted mint, fine. S.G. 838var., Specialised W198d, £250 £100-150QUANTITY: circa 10 mint606606 + 5d. imperforate block of four from the foot of the sheet, unmounted mint, thin in themargin, well clear of the design, fine. S.G. 839a, £1,000+. Photo £400-500QUANTITY: 50 mint pairs607 4d. embossing omitted (used), 4d. phosphor at right, 5d. emerald omitted, 5d.embossing omitted, 5d. phosphor omitted, 1/6d. ochre omitted, 1/6d. embossingomitted, chiefly unmounted mint, fine. S.G. 838Ea, 839b, 839Ed, 839Ey, 840b, 840Ex,etc. £120-150608 1/6d. variety salmon omitted, unmounted mint from the left of the sheet, fine.S.G. 840a, £220; Pierron GB1680MCa £100-150QUANTITY: circa 120 mint609609 1970-72 Decimal Currency £1 bluish black, horizontal pair, variety imperforate; superbunmounted mint. S.G. 831b var.; Pierron GBR1663a. Photo £100-120QUANTITY: circa 1250 pairsWWW.SPINK.COM

November 27, 2012 - LONDON1971-96610 611612 613610 1 1 ⁄2p. black, two phosphor bands, right marginal horizontal pair, variety uncoated paper;superb unmounted mint. S.G. X848a, £260. Photo £100-120611 3 1 ⁄2p. deep olive-brown, two phosphor bands, FCP/PVAD, variety faulty ink mix;superb unmounted mint. Specialised U116, £950. Photo £350-400612 3 1 ⁄2p. deep olive-green, two phosphor bands, OCP/PVAD; superb unmounted mint.Specialised U117, £170. Photo £70-80613 5 1 ⁄2p violet, one centre phosphor band, variety uncoated paper; superb unmounted mint.S.G. X869a, £400. Photo £150-200614 615614 10p. orange-brown and chestnut, horizontal pair, variety orange-brown omitted; superbunmounted mint. S.G. X885a, £360; Pierron GBR1773a, £400. Photo £160-180QUANTITY: circa 420 mint615 10p. orange-brown, two phosphor bands, left marginal horizontal pair, varietyimperforate; superb unmounted mint. S.G. X886a, £350. Photo £150-200QUANTITY: circa 150 mint pairs616 12 1 ⁄2p. light emerald, one centre phosphor band, horizontal pair and a block of four,variety imperforate; superb unmounted mint. S.G. X898a, £360 £120-150QUANTITY: circa 1000 mint pairs1971-96, Phosphorised Paper617 1⁄2p. turquoise-blue, horizontal pair, variety imperforate; superb unmounted mint.S.G. X924a, £140 £60-70QUANTITY: 600 mint pairs618 18p. deep olive-grey, horizontal pair, variety imperforate; superb unmounted mint.S.G. X955a, £150 £65-75QUANTITY: circa 2500 mint pairs619 B 18p. deep olive-grey, vertical block of eight, variety top block imperforate and the restshowing indentations; superb unmounted mint. S.G. X955a, £300+ £120-150QUANTITY: circa 2500 mint pairs85

Queen Elizabeth II Issues, 1971-96, Phosphorised Paper - contd.GREAT BRITAIN THE “FORDWATER” COLLECTION620621620 22p. blue, left marginal horizontal pair, variety imperforate; superb unmounted mint.S.G. X962a, £300. Photo £120-150QUANTITY: circa 100 mint pairs621 22p. bright orange-red, right marginal horizontal pair, variety imperforate; superbunmounted mint. S.G. X964a, £800. Photo £350-400622625623622 1971 “Ulster 1971” Paintings 7 1 ⁄2p. variety pale olive-greyomitted; superb unmounted mint. S.G. 882a, £375; PierronGBR1764a, £375. Photo £150-200QUANTITY: 100 mint623 + 1971 Literary Anniversaries John Keats 3p., variety Goldomitted, unmounted mint block of four, fine and scarce. Witha normal block for comparison. S.G. 884a, £1,000+; PierronGBR1768a, £1,000+. Photo £400-600QUANTITY: 100 mint624 –– 5p. Thomas Gray, lower marginal, variety Gold (Queen’shead) omitted; superb unmounted mint with normal forcomparison. S.G. 885a, £1,300; Pierron GBR1770a, £1,300.Photo £600-800QUANTITY: 36 mint, 2 first day covers625 –– 5p., lower marginal, variety Gold (Queen’s head)omitted; superb unmounted mint. S.G. 885a, £1,300; PierronGBR1770a, £1,300. Photo £600-800QUANTITY: 36 mint, 2 first day covers64WWW.SPINK.COM

November 27, 2012 - LONDON1971 British Anniversaries626 627 628626 3p. variety deep blue omitted; superb unmounted mint. S.G. 887a, £1,000; PierronGBR1774a, £1,000. Photo £400-500QUANTITY: circa 70 mint, 1 used627 3p. variety red-orange (nurse’s cloak) omitted; superb unmounted mint. S.G. 887b,£750; Pierron GBR1774b, £750. Photo £350-400QUANTITY: circa 100 mint, 1 used628 3p. variety olive-brown (faces, etc.) omitted; superb unmounted mint. S.G. 887c,£650; Pierron GBR1774c, £650. Photo £300-350QUANTITY: circa 100 mint629 631629 9p. variety olive-brown omitted; superb unmounted mint. S.G. 889a, £300; PierronGBR1778a, £300. Photo £120-150QUANTITY: circa 150 mint, 2 first day covers630 9p. variety phosphor omitted; superb unmounted mint. S.G. 889Ey, £450. Photo £150-200has a brand new look online ...New innovative features at your fingertips Your ‘My Spink’ personalised account An extensive search and research functioncovering 280,000 sales results since 2002 3D images for closer inspection on key items All of Spink’s businesses and locationsunder one roof Settle your bill onlineWWW.SPINK.COM87

Queen Elizabeth II Issues, 1971 British Anniversaries - contd.GREAT BRITAIN THE “FORDWATER” COLLECTION631631 9p. Rugby Football, variety myrtle-green omitted, used on Cotswold First Day coverwith the other two values of the set, handwritten address, fine and rare. B.P.A. Certificate(1999). S.G. 889c, £3,250 (used); Pierron GBR1778c, £3,250. Photo £1,500-2,000QUANTITY: 1 mint and circa 10 first day covers1971 Christmas632632 2 1 ⁄2p., vertical pair variety imperforate; superb unmounted mint. S.G. 894a, £700;Pierron GBR1788a, £700. Photo £300-350QUANTITY: circa 50 mint pairsWWW.SPINK.COM

November 27, 2012 - LONDON633 634633 3p. variety lemon (window panels) omitted; superb unmounted mint. S.G. 895c, £350;Pierron GBR1790c, £350. Photo £150-180QUANTITY: circa 100 mint, 1 used634 7 1 ⁄2p. variety Gold (Queen’s head) omitted; superb unmounted mint. S.G. 896a, £300;Pierron GBR1792a, £300. Photo £120-150QUANTITY: circa 200 mint1972 British Polar Explorers633 634635 3p. variety Gold (Queen’s head) omitted; superb unmounted mint. S.G. 897a, £220;Pierron GBR1794a, £220. Photo £100-120QUANTITY: circa 106 mint636 7 1 ⁄2p. variety Gold (Queen’s head) omitted; superb unmounted mint. S.G. 899a, £550;Pierron GBR1798a, £550. Photo £250-300QUANTITY: circa 50 mintARE YOU THINKING OF SELLINGA COLLECTION OR SINGLE ITEM AT AUCTION?WITH OVER 60 AUCTIONS PER YEAR, HELD AROUND THE GLOBE, SPINK ARE HAPPYTO ACCOMMODATE YOUR NEEDS TO ACHIEVE THE BEST RESULTS.PLEASE CONTACT OUR SPECIALISTS TODAY FOR FURTHER DETAILS.89

Queen Elizabeth II Issues, 1972 British Polar Explorers - contd.GREAT BRITAIN THE “FORDWATER” COLLECTION637637 B 7 1 ⁄2p. lower left coner block of six showing traffic light, variety Gold (Queen’s head)omitted; superb unmounted mint. S.G. 899a, £3,300; Pierron GBR1798a, £3,300.Photo £1,500-1,800QUANTITY: circa 50 mint638639638 1972 Anniversaries 9p. variety brown (facial features) omitted; superb unmountedmint. S.G. 903b, £5,200; Pierron GBR1806b, £5,200. Photo £2,200-2,500QUANTITY: 36 mint, 1 used, 1 first day cover639 1972 Village Churches 4p. variety violet-blue omitted; superb unmounted mint.S.G. 905b, £275; Pierron GBR1810a, £275. Photo £120-150QUANTITY: 100 mintWWW.SPINK.COM

November 27, 2012 - LONDON640 641640 1972 Christmas 3p. variety bright green omitted; superb unmounted mint. S.G. 914b,£300; Pierron GBR1828b, £300. Photo £120-150QUANTITY: circa 150 mint641 –– 7 1 ⁄2p. variety ochre omitted; superb unmounted mint. S.G. 915a, £300; PierronGBR1830a £300. Photo £120-150QUANTITY: 200 mint642 1972 Royal Silver Wedding 3p. variety Silveromitted; superb unmounted mint. S.G. 916a,£750; Pierron GBR1832a, £750. Photo £350-400QUANTITY: circa 120 mint, some used642643643 1973 Tree Planting Year 9p. variety brownish black (value and inscription) omitted;superb unmounted mint. S.G. 922a, £750; Pierron GBR1844a, £750. Photo £350-400QUANTITY: 100 mint644 –– 9p., top marginal, variety brownish grey (Queen’s head) and phosphor omitted;superb unmounted mint. S.G. 922b, £700; Pierron GBR1844b, £700. Photo £300-350QUANTITY: 100 mint91644

GREAT BRITAIN THE “FORDWATER” COLLECTIONQueen Elizabeth II Issues - contd.1973 British Explorers645646645 3p. se-tenant pair variety Gold (Queen’s head) omitted; superb unmounted mint.S.G. 923a/924a, £300; Pierron GBR1846a, £300. Photo £120-150QUANTITY: circa 135 mint pairs, 2 first day covers646 3p. se-tenant pair, top marginal, variety Gold (Queen’s head) omitted; superbunmounted mint. S.G. 923a/924a, £300; Pierron GBR1846a, £300. Photo £120-150QUANTITY: circa 135 mint pairs, 2 first day covers647648647 5p., top marginal, variety Gold (Queen’s head) omitted; superb unmounted mint.S.G. 925a, £275; Pierron GBR1850a, £275. Photo £120-140QUANTITY: circa 100 to 200 mint648 5p., from the left side of the sheet, variety grey-black (Drake’s jacket) and phosphoromitted; superb unmounted mint. S.G. 925b, £4,700; Pierron GBR1850d, £3,000.Photo £1,200-1,500QUANTITY: circa 24 mintWWW.SPINK.COM

November 27, 2012 - LONDON649650 651649 9p., variety Gold (Queen’s head) omitted; superb unmounted mint. S.G. 927a, £250;Pierron GBR1854a, £250. Photo £100-120QUANTITY: circa 100 to 200 mint, some used, 2 first day covers650 9p., variety brown-grey printing double; superb unmounted mint. S.G. 927b, £850+;Pierron GBR1854e, £850. Photo £300-400QUANTITY: circa 200 mint651 9p., variety brown-red (rivers on map) omitted; superb unmounted mint. S.G. 927d,£1,600; Pierron GBR1854c, £1,600. Photo £700-800QUANTITY: circa 30 mint––––––––––––––––––––– Ex 652 ––––––––––––––––––––– 653652 1973 British Paintings 3p. (2), 5p. and 7 1 ⁄2p. (left marginal), all with variety Gold(Queen’s head) omitted; superb unmounted mint. S.G. 931a, 932a, 933a, £645;Pierron GBR1862a, 1864a, 1866a, £695. Photo for selection £300-350QUANTITY: 3p. circa 100 to 200 mint; 5p. circa 200 mint, 1 first day cover and 7 1 ⁄2p. circa100 to 200 mint653 –– 5p. variety greenish yellow omitted; superb unmounted mint. S.G. 932b, £1,300;Pierron GBR1864b, £1,300. Photo £600-700QUANTITY: circa 30 mint93

GREAT BRITAIN THE “FORDWATER” COLLECTIONQueen Elizabeth II Issues - contd.1973 Christmas655654––––––– Ex 656 –––––––654 3 1 ⁄2p., PVA gum, lower left traffic light marginal block of six, minor tone spots affectingthe marginal only and very slight corner bend, variety imperforate; fine unmounted mint.S.G. 948a, £1,800+; Pierron GBR1896f, £1,800+. Photo £800-1,000QUANTITY: 50 mint pairs655 3 1 ⁄2p. PVAD gum, variety blue (leg and robes) omitted, with normal for comparison;superb unmounted mint. S.G. 948f, £300; Pierron GBR1897c, £300. Photo £120-150QUANTITY: circa 180 mint, 2 used656 3 1 ⁄2p. selection of varieties including grey-black (face value, inscription, etc.) omittedlower marginal with some age staining, salmon-pink omitted (2, one lower marginal),rosy-mauve (robe at right) omitted (2) and bright rose-red (King’s robe) omitted;generally fine to superb unmounted mint. S.G. £910+. Photo for selection £250-300WWW.SPINK.COM

November 27, 2012 - LONDON657658657 1974 Bicentenary of the Fire Prevention (Metropolis) Act 3 1 ⁄2p. pair variety imperforate;superb unmounted mint. S.G. 950a, £1,100; Pierron GBR1900a, £1,100. Photo £500-600QUANTITY: 50 mint pairs658 1974 Medieval Warriors 10p. pair, variety imperforate; superb unmounted. S.G. 961var.;Pierron GBR1922a, £750. Photo £350-400QUANTITY: circa 50 mint pairs659 660659 1975 Sailing 8p. variety black (recess printing) omitted; superb unmounted mint.S.G. 980a, £130; Pierron GBR1962a, £130. Photo £60-70QUANTITY: circa 200 mint and 8 first day covers660 1976 Christmas 6 1 ⁄2p. pair, variety imperforate; superb unmounted mint. S.G. 1018a,£950; Pierron GBR2036a, £950. Photo £450-500QUANTITY: 50 mint pairs661661 1977 Silver Jubilee 8 1 ⁄2p., left marginal pair, variety imperforate; superb unmountedmint. S.G. 1033a, £1,100; Pierron GBR2066a, £1,100. Photo £500-600QUANTITY: 25 mint pairs95

GREAT BRITAIN THE “FORDWATER” COLLECTIONQueen Elizabeth II Issues - contd.662662 1978 Coronation 13p., left marginal, variety Gold (crown) omitted and imperforate,very minor creasing as usual; fine unmounted mint. S.G. 1062var; Pierron GBR2124a,£325. Photo £120-140QUANTITY: circa 30 mint pairs (creased)663663 1978 Cycling Centenary 9p., left marginal gutter pair, variety imperforate; superbunmounted mint. S.G. 1067a, £850; Pierron GBR2134a, £850. Photo £350-4001979 Death Centenary of Sir Rowland Hill664 59 1 ⁄2p. miniature sheet variety imperforate; superb unmounted mint. S.G. MS1079a,£9,500; Pierron GBR2198o, £9,500. Photo £4,500-5,000QUANTITY: circa 6 mint665 59 1 ⁄2p. miniature sheet, variety Gold (Queen’s head) omitted ; superb unmounted mint.S.G. MS1079c, £950; Pierron GBR2198b, £950. Photo £400-500QUANTITY: a 31 mint miniature sheets, 6 first day covers666 59 1 ⁄2p. miniature sheet, variety pale greenish yellow omitted; superb unmounted mint.S.G. MS1079g, £850; Pierron GBR2198e, £850. Photo £400-450QUANTITY: circa 34 mint miniature sheets, 2 first day coversWWW.SPINK.COM

November 27, 2012 - LONDON664 665666 667667 59 1 ⁄2p. miniature sheet, variety rosine omitted; superb unmounted mint. S.G. MS1079h,£2,500; Pierron GBR2198f, £2,500. Photo £1,000-1,200QUANTITY: circa 12 mint miniature sheets, 1 first day cover97

GREAT BRITAIN THE “FORDWATER” COLLECTIONQueen Elizabeth II Issues - contd.668668 1979 Christmas 10p., vertical pair, variety imperforate, cut close on three sides; goodunmounted mint. S.G. 1104a, £900; Pierron GBR2210a, £1,700. Photo £150-200QUANTITY: circa 25 to 50 mint pairs669669 1980 Liverpool and Manchester Railway 12p. se-tenant strip of five, variety imperforate(some very slightly ghosted perforations), unmounted mint from the right of the sheet,the fifth stamp with a tiny coloured speck on the gum, fine S.G. 1113a, var. Photo £500-600670 671670 1980 London Landmarks 13 1 ⁄2p., left gutter single, variety imperforate; superbunmounted mint. S.G. 1122a, £4,750; Pierron GBR2244a, £4,750. Photo £500-600QUANTITY: circa 10 mint pairs671 –– 17 1 ⁄2p., variety Silver (Queen’s head) omitted; superb unmounted mint. S.G. 1124a,£1,500; Pierron GBR2248a, £1,500. Photo £650-750QUANTITY: circa 30 mintWWW.SPINK.COM

November 27, 2012 - LONDON672 1980 Eightieth Birthday of QueenMother 12p., left marginal pair varietyimperforate; superb unmounted mint.S.G. 1129a, £3,000; Pierron GBR2258a,£3,000. Photo £1,200-1,500QUANTITY: circa 20 mint pairs672674673673 1980 Sport Centenaries 15p., vertical strip of three, variety imperforate between stampand lower margin; superb unmounted mint. Specialised W466a, £150; PierronGBR2272b, £175. Photo £80-100QUANTITY: circa 30 mint674 + 1982 British Motor Cars 19 1 ⁄2p., right marginal gutter block of four, variety imperforatebetween stamp and right margin; superb unmounted mint. S.G. Spec. W529a, £900;Pierron GBR2398b, £650. Photo £300-350QUANTITY: circa 20 mint99

GREAT BRITAIN THE “FORDWATER” COLLECTIONQueen Elizabeth II Issues - contd.675675 B 1988 Christmas 19p. Shepherds and Star, block of twelve (4x3) from the lower-rightcorner of the sheet with traffic lights, variety three imperforate horizontal pairs andthree partly imperforate pairs, superb unmounted mint and rare. S.G. 1415a, £6,300+for the three imperforate pairs; Pierron GBR2830a, £6,300+. Photo £2,500-3,000QUANTITY: circa 15 mint pairs676 677676 1990 R.S.P.C.A. 150th. Anniversary 20p., variety Silver (Queen’s head and face value)omitted; superb unmounted mint. S.G. 1479a, £500; Pierron GBR2958a, £500. Photo £200-250QUANTITY: circa 135 mint, some used677 –– 34p., variety Silver (Queen’s head and face value) omitted; superb unmounted mint.S.G. 1481a, £1,000; Pierron GBR2962a, £1,000. Photo £450-500QUANTITY: circa 67 mintWWW.SPINK.COM

November 27, 2012 - LONDON678 679678 1990 Astronomy 22p., variety Gold (Queen’s head) omitted; superb unmounted mint.S.G. 1522a, £850; Pierron GBR3044a, £850. Photo £400-450QUANTITY: 88 mint679 1991 World Congress of Roses 22p., variety Silver (Queen’s head) omitted; superbunmounted. S.G. 1568a, £3,700; Pierron GBR3136a, £3,700. Photo £1,600-1,800QUANTITY: 18 mint, 2 used680680 1992 Christmas 18p., pair, variety imperforate; superb unmounted. S.G. 1634b, £175;Pierron GBR3268a, £400. Photo £100-1,200QUANTITY: 50 mint pairs681681 1993-2012 38p. rosine, two phosphor bands, horizontal pair, variety imperforate; superbunmounted. S.G. Y1700a, £350. Photo £150-180QUANTITY: circa 100 mint pairs682 –– £2 deep blue-green, vertical left marginal pair with plate number, variety upper stampmissing “£” in value; superb unmounted mint; S.G. Y1727, £175. Photo £80-100101682

GREAT BRITAIN THE “FORDWATER” COLLECTIONQueen Elizabeth II Issues - contd.683683 1994 Christmas 19p., pair, variety imperforate; superb unmounted. S.G. 1643a, £175;Pierron GBR3686a, £175. Photo £70-80QUANTITY: circa 300 mint pairs684684 + –– 19p., lower left cylinder block of six, variety imperforate; superb unmounted.S.G. 1643a, £525; Pierron GBR3686a, £525. Photo £250-300QUANTITY: circa 300 mint pairsWWW.SPINK.COM

November 27, 2012 - LONDON685685 B 1996 Europa (Famous Women) 26p. Margot Fonteyn, lower right traffic light block ofsix, variety imperforate; superb unmounted mint. S.G. 1935a, £2,550; PierronGBR3872a, £2,550. Photo £1,000-1,200QUANTITY: 50 mint pairs686686 1996 Classic Sport Cars 37p., left marginal pair, variety imperforate; superb unmounted.S.G. 1947a, £2,250; Pierron GBR3894a, £2,250. Photo £1,000-1,200QUANTITY: circa 20 mint pairs103

GREAT BRITAIN THE “FORDWATER” COLLECTIONQueen Elizabeth II Issues - contd.687688687 1997 Religious Anniversaries 26p., top marginal pair, variety imperforate; superbunmounted mint. S.G. 1972a, £2,000; Pierron GBR3944a, £2,000. Photo £900-1,000QUANTITY: 17 mint pairs688 + 1998 Endangered Species 20p., gutter block of four, lower right stamp with minor bends,variety imperforate; superb unmounted mint. S.G. 2015 var.; Pierron GBR4030a, £250.Photo £90-100QUANTITY: circa 150 mint pairs689 690 691689 1998 Comedians 26p. Eric Morecambe variety vermilion printed double; superbunmounted mint. S.G. 2042Ea, £600; Pierron GBR4084a, £600. Photo £250-300QUANTITY: circa 30 mint690 –– 26p. Eric Morecambe variety black printed double, vermilion printed triple; superbunmounted mint. S.G. 2042Ec, £2,500; Pierron GBR4084c, £2,500. Photo £1,000-1,200QUANTITY; circa 10 mint691 –– 30p. Joyce Grenfell error of value “30” instead of “37”; superb unmounted mint.S.G. 2043 var., £2,800; Pierron GBR4086a, £2,800. Photo £1,200-1,400QUANTITY: circa 30 mint, 1 first day coverWWW.SPINK.COM

November 27, 2012 - LONDON692692 1998 Famous Children’s Fantasy Novels 26p., lower marginal vertical pair, varietyimperforate; superb unmounted mint. S.G. 2051a, £4,000; Pierron GBR4102a, £4,000.Photo £1,000-1,200QUANTITY: circa 10 to 15 mint pairs693694695693 1998 Christmas (Angels) 20p., horizontal right marginal pair variety imperforate; superbunmounted mint. S.G. 2064a, £1,200; Pierron GBR4128a, £1,200. Photo £500-600QUANTITY: circa 24 mint pairs694 –– (Angels) 30p., horizontal pair variety imperforate; superb unmounted mint.S.G. 2066a, £900; Pierron GBR4132a, £900. Photo £400-450QUANTITY: 35 mint pairs695 1999 Millennium “Hark the Herald Angels Sing” 19p., horizontal pair, varietyimperforate, unmounted mint, some slight wrinkles, fine. S.G. 2115a, £900; PierronGBR4230a, £900. Photo £250-300QUANTITY: 30 mint pairs105

GREAT BRITAIN THE “FORDWATER” COLLECTIONQueen Elizabeth II Issues - contd.696696 2001 Double Decker Bus 1st., se-tenant strip of five from the left of the sheet, varietyimperforate, unmounted mint, creases and wrinkles affecting the last stamp, otherwisefine. S.G. 2210a, £5,500; Pierron GBR4420a, £5,500. Photo £1,000-1,500QUANTITY: 17 mint strips (although 10 are damaged)697697 2001 Christmas (Robins) 65p., self-adhesive, variety imperforate (die-cut perforationsand roulettes omitted); superb unmounted mint. S.G. 2242ab, £750; PierronGBR4484a, £750. Photo £350-400QUANTITY: circa 34 mint pairs698 2002 Christmas 2nd., self-adhesive, left marginal block of four, variety imperforate (diecutperforations and roulettes omitted); superb unmounted mint. S.G. 2321b, £160;Pierron GBR4642a, £160 £70-80QUANTITY: circa 800-plus mint pairshas a brand new look online ...New innovative features at your fingertips Your ‘My Spink’ personalised account An extensive search and research functioncovering 280,000 sales results since 2002 3D images for closer inspection on key items All of Spink’s businesses and locationsunder one roof Settle your bill onlineWWW.SPINK.COMWWW.SPINK.COM

November 27, 2012 - LONDON699699 –– 1st., self-adhesive, lower left traffic light block of four, variety imperforate (die-cutperforations and roulettes omitted); superb unmounted mint. S.G. 2322b, £650;Pierron GBR4644a, £650. Photo £300-350QUANTITY: 125 mint pairs700 1958-2010, a comprehensive collection of Regional issues housed in a Lighthouse album,including Northern Ireland 1971-93, 5 1 ⁄2p. phosphor omitted, 17p. grey-blue, type II,Scotland 1967-70 1/6d. phosphor omitted, 1971-93 31p. bright purple, type II, etc.,fine unmounted mint. (hundreds) £300-400701 1971-98, a collection of errors and varieties housed in a Lighthouse album includingmissing phosphors with 1971 Anniversaries 7 1 ⁄2p., 1973 Oak 9p., Explorers 7 1 ⁄2p, Cricket7 1 ⁄2p, broad bands and minor flaws. Generally fine unmounted mint. (hundreds) £600-800702 1971-2011 (c.) a collection of Machins and high values housed in a Lighthouse hingelessalbum including missing phosphors with 9p. yellow-orange and black, left marginalhorizontal pair, 9 1 ⁄2p. purple, right marginal horizontal pair and imperfs. with 7p. onecentre phosphor band, right marginal pair; also a few 17 pin perforation varieties. Fineunmounted mint. (hundreds) £300-400Booklet Panes703 1936-92 (c.), a collection arranged in a lighthouse album and a stockbook, including1937 1d. scarlet pane of four with margin at top; also a selection of decimal coil strips.Generally good to fine unmounted mint. (hundreds) £120-150ARE YOU THINKING OF SELLINGA COLLECTION OR SINGLE ITEM AT AUCTION?WITH OVER 60 AUCTIONS PER YEAR, HELD AROUND THE GLOBE, SPINK ARE HAPPYTO ACCOMMODATE YOUR NEEDS TO ACHIEVE THE BEST RESULTS.PLEASE CONTACT OUR SPECIALISTS TODAY FOR FURTHER DETAILS.107

DEPARTMENTAL OFFICIALSGREAT BRITAIN THE “FORDWATER” COLLECTIONInland Revenue704 705 706 707704 Issues of 1880-81: 1882-1901 6d. grey, Plate 18: DL, unmounted mint, fine. S.G. O4,£575. Photo £200-250705 Issues of 1884-88 2 1 ⁄2d. lilac, JD, mint, light gum wrinkle, fresh colour and fine. S.G. O6,£500. Photo £150-200706 –– 1/- dull green, part original gum, a few faintly stained perf. tips, good colour, fine andscarce. Brandon Certificate (2004). S.G. O7, £6,000. Photo £1,200-1,500707 –– 10/- cobalt on white paper, DF, unused (regummed), good colour and appearance.Rare. R.P.S. Certificate (1996). S.G. O9cb, £22,000. Photo £800-1,000708708 –– Watermark Orbs £1 brown-lilac, MD, two oval Post Office Accounts cancellations,good colour, a trifle soiled but a fine example of this exceedingly rare stamp. B.P.A.Certificate (1960), S.G. O12, £40,000. Photo £12,000-15,000–––––––––––– 709 –––––––––––– 710709 Issues of 1887-92: 1 ⁄2d. vermilion, 2 1 ⁄2d. purple on blue and 1/- dull green, unmountedmint, the 2 1 ⁄2d. and 1/- both from the top of the sheet, fine and fresh. 2 1 ⁄2d. with B.P.A.Certificate (2001), 1/- with R.P.S. Certificate (1982). S.G. O13-15, £1,062. Photo £300-350710 –– 2 1 ⁄2d. purple on blue from the top of the sheet; fresh and fine, unmounted mint.S.G. O14, £150+. Photo £80-100PROVENANCE:W.H. Silk, 1944Basil Stranack, 1955Wallace Cowan, 1955WWW.SPINK.COM

November 27, 2012 - LONDON711711 –– £1 green, FA, oval Accounts Branch/Glasgow cancellation of 18 Aug. 1894, fine.Stanley Gibbons handstamp on reverse. S.G. O16, £2,500. Photo £750-1,000Ex 712 713 714712 Issues of 1887-1900: 1 ⁄2d. blue-green, 6d. purple on rose-red, 1/- green and carmine, the1/- unmounted mint, others very lightly hinged, fresh colours, fine. The 1/- with B.P.A.Certificate (1991). S.G. O17-19, £4,493. Photo £1,500-1,800713 1902-04 2 1 ⁄2d. ultramarine, unmounted mint, tiny thin in perf. at lower-right, fine.Brandon Certificate (2006). S.G. O22, £900. Photo £200-250714 –– 1/- dull green and carmine, original gum, fresh colours and fine. R.P.S. Certificate(1967). S.G. O24, £3,500. Photo £800-1,000Office of Works715 716 717715 1896-1902 1 ⁄2d. vermilion, unmounted mint, fresh and fine. S.G. O31, £300. Photo £100-120716 –– 1 ⁄2d. blue-green, unmounted mint, fine and fresh. S.G. O32, £425. Photo £120-150717 –– 1d. lilac, unmounted mint, fine. S.G. O33, £475. Photo £100-120718718 –– 10d. dull purple and carmine, unmounted mint, fresh colours, fine and scarce. B.P.A.Certificate (1987). S.G. O35, £6,000. Photo £2,500-3,000109

GREAT BRITAIN THE “FORDWATER” COLLECTIONDepartmental Offices, Office of Works - contd.719720 721 722 723719 1902-03 1 ⁄2d. blue-green, unmounted mint from the lower-left corner of the sheet, smallstain spot at foot not visible on the front, fine. S.G. O36. £550. Photo £100-150720 –– 1d. scarlet, very lightly hinged, small wrinkles and scarlet printing ink marks on reverse,fine. R.P.S. Certificate (2001). S.G. O37, £550. Photo £100-120721 –– 2d. yellowish green and carmine-red, unmounted mint, tiny gum wrinkle, fine andfresh. S.G. O38, £1,900. Photo £700-800722 –– 2 1 ⁄2d. ultramarine, some gum creases, well centred and fresh. S.G. O39, £3,250. Photo £800-1,000723 –– 10d. dull purple and carmine, used, good colours, fine. Brandon Certificate (2001).S.G. O40, £6,750. Photo £1,500-2,000Army724 725 ––– Ex 726 ––– 727724 1896-1901 1 ⁄2d. vermilion, variety “OFFICIAI” in horizontal pair with normal, unmountedmint, slight gum wrinkles, fine. S.G. O41, 41a, £275+. Photo £100-120725 –– 1 ⁄2d. blue-green, watermark inverted, unmounted mint, fine. S.G. O42Wi, £950.Photo £300-350726 –– 1 ⁄2d. to 6d., the set of five with additional 1d. variety “OFFICIAI”, unmounted mint, thenormal 1d. with some short perfs., otherwise fine. S.G. O41-45, £383. Photo £100-120727 1902-03 6d. pale dull purple (overprint type O6), very lightly hinged (if at all), fine andrare. B.P.A. Certificate (2003). S.G. O52, £3,000. Photo £1,000-1,500WWW.SPINK.COM

November 27, 2012 - LONDONGovernment Parcels728729––––––––––––––––––––––– 730 –––––––––––––––––––––––728 1883-86 6d. dull green, JH, mint, good colour, fine and fresh. Brandon Certificate(2006). S.G. O62, £3,000. Photo £1,000-1,200729 –– 1/- orange-brown, Plate 13: KD, superb unmounted mint from the top of the sheet(hinged in margin), fine colour and perfs., B.P.A. Certificate (1987). S.G. O64, £1,600+.Photo £800-1,000730 1887-90 1 1 ⁄2d. dull purple and pale green, 6d. purple on rose-red, 9d. dull purple andblue, 1/- dull green, lightly hinged (9d.) or unmounted mint, fresh colours and fine.S.G. O65-68, £1,415. Photo £500-600––––– Ex 731 –––––––––––––– 732 –––––––––731 1891-1900 1d. lilac, 2d. grey-green and carmine, 4 1 ⁄2d. green and carmine and 1/- greenand carmine, unmounted mint, the 1d. creased, otherwise good colours and fine. 1/-with R.P.S. Certificate (1989). S.G. O69-72, £1,265. Photo £400-450732 1902 1d. scarlet, 2d. yellowish green and carmine-red, 6d. pale dull purple, unmountedmint, the 1d. a trifle wrinkled, 2d. and 6d. each from the top of the sheet, fresh colours,fine. S.G. O74-76, £432. Photo £150-200733734733 –– 9d. dull purple and ultramarine, unmounted mint from the lower-left corner of thesheet (hinged in margin), fresh colours and good perfs., very fine and most attractive.S.G. O77, £600+. Photo £300-350734 –– 1/- dull green and carmine, unmounted mint, good colours and perfs., fine and fresh.S.G. O78, £1,300. Photo £500-600111

GREAT BRITAIN THE “FORDWATER” COLLECTIONDepartmental Offices - contd.Board of Education735736 737 738735 1902 5d. dull purple and blue, large part original gum, fresh colours and fine. S.G. O81,£4,500. Photo £1,000-1,200736 –– 1/- green and carmine, unmounted mint, fresh colours and good perfs., fine and rare.B.P.A. Certificate (1985). S.G. O82, £10,000. Photo. £4,000-5,000737 1902-04 2 1 ⁄2d. ultramarine, unmounted mint, fine. P.E.(G.B.) Certificate (1993).S.G. O84, £4,700. Photo £1,500-2,000738 –– 5d. dull purple and ultramarine, a used example of this very rare stamp, a trifle soiledor stained, fine. R.P.S. Certificate (2007). S.G. O86, £9,500. Photo £2,500-3,000Admiralty740 741 742––––––––––––––– Ex 739 –––––––––––––––739 1903 1d. scarlet, 1 1 ⁄2d. dull purple and green, 2d. yellowish green and carmine-red, 2 1 ⁄2d.ultramarine and 3d. dull purple on orange-yellow, unmounted mint, the 3d. (from theright of the sheet) creased, chiefly fine. S.G. O102-106, £1,491. Photo £400-500740 1903-04 1 1 ⁄2d. dull purple and green, unmounted mint, good colours and perfs., fine andfresh. S.G. O109. £1,100. Photo £300-350741 –– 2 1 ⁄2d. ultramarine, unmounted mint, fresh colour, fine and rare. R.P.S. Certificate(1993). S.G. O111, £2,750. Photo £1,000-1,200742 –– 3d. dull purple on orange-yellow, unmounted mint, light gum crease at foot, goodcolours, fine. S.G. O112, £2,400. Photo £500-600WWW.SPINK.COM

November 27, 2012 - LONDON743 Collection on leaves, eighteen, including Inland Revenue 1882-1901 1 ⁄2d. green (2), 1 ⁄2d/slate blue, Army 1902-03 6d., Government Parcels 1883-86 1 1 ⁄2d., 9d., Board ofEducation 1902-04 1 ⁄2d., 1d., Royal Household 1902 1 ⁄2d., 1d., Admiralty 1903-04 1 ⁄2d.,1d., etc., also Postal Fiscal 1853-57 1d. reddish lilac on blue glazed paper 1864 1d. palereddish lilac, etc., unmounted mint or part original gum, many fine £500-600POSTAGE DUESEx 744 Ex 745747 748744 1914-22 1 ⁄2d. to 1/- and with 1924 thick, chalky paper 1d., unmounted mint, fine.S.G. D1-8, D9, £450. Photo £120-150745 1924-31 1 ⁄2d. to 2/6d., unmounted mint, fine. S.G. D10-18, £725. Photo £200-250746 –– 3d. dull violet, printed on the gummed side, another printed on experimentalpaper (from the foot of the sheet with “D25” control), unmounted mint, fine.S.G. D14a, 14b, £325 £100-150747 –– 1/- deep blue, watermark sideways inverted, unmounted mint from the foot of thesheet, hinged and tiny coloured mark in the margin, fine. S.G. D17Wi. Photo £100-120748 –– 2/6d. purple on yellow, watermark sideways inverted, unmounted mint from thelower-left corner of the sheet, slightly crackly gum, fine. S.G. D18Wi, £750. Photo £200-250Ex 749 750 Ex 751 752749 1936-37 1 ⁄2d. to 2/6d., unmounted mint, fine. S.G. D19-26, £500. Photo £150-200750 1954-55 4d. blue, imperforate pair, unmounted mint, fine. S.G. D43a, £250. Photo £100-120751 1955-57 1 ⁄2d. to 5/-, unmounted mint, fine. S.G. D46-55, £425. Photo £120-150752 1968-69 4d. blue, P.V.A. gum, unmounted mint, vertical crease, nevertheless a fineexample of this modern rarity. R.P.S. Certificate (2000). S.G. D71a, £2,250. Photo £600-800753 1914-94, mint Collection on leaves, eighty-six stamps, including 1914-22 4d. and 5d.watermark sideways inverted, 1/-, 1936-37 5d., 1937-38 set, 1951-52 set, 1954-55set, 1959-63 set, 1970-75, 1982 and 1994 sets to £5, etc., chiefly fine unmounted mint £250-300113

ALDERNEYGREAT BRITAIN THE “FORDWATER” COLLECTION754 1983-2011, unmounted mint collection in a green Lighthouse album, practicallycomplete, including miniature sheets, values to £5, etc., fine £100-120GUERNSEY755 1940-2012, a mostly unmounted mint collection in two green Lighthouse albums and astockbook, contained in a carton, including 1941-44 1 ⁄2d. and 1d. on blue paper, 19481d. handstamped “CANCELLED” (status unknown), issues from 1969 practically completewith miniature sheets, postage dues, 1971 De La Rue set of four imperforate colour trials,etc., fine £400-500757 758756756 1941-44 1d. scarlet, imperforate vertical pair, light wrinkles and small tone spot inmargin at right, fine. S.G. 2a, £175. Photo £150-200PROVENANCE:Sir Gawaine Bailie, Bt. November 2006757 1969-70 3d. gold, pale greenish yellow, orange-red and black, error watermark blockCA, unmounted mint, fine and rare. S.G. 17a, £1,350. Photo £600-700PROVENANCE:Sir Gawaine Baillie, Bt. November 2006758 1971-73 2 1 ⁄2p. bright vermilion omitted, unmounted mint, fine and rare. S.G. 48a.Photo £400-450PROVENANCE:Sir Gawaine Baillie, Bt. November 2006ARE YOU THINKING OF SELLINGA COLLECTION OR SINGLE ITEM AT AUCTION?WITH OVER 60 AUCTIONS PER YEAR, HELD AROUND THE GLOBE, SPINK ARE HAPPYTO ACCOMMODATE YOUR NEEDS TO ACHIEVE THE BEST RESULTS.PLEASE CONTACT OUR SPECIALISTS TODAY FOR FURTHER DETAILS.WWW.SPINK.COM

November 27, 2012 - LONDONISLE OF MAN759 1964-2011, unmounted mint collection in two green Lighthouse albums and astockbook, contained in a carton, including 1958-68 3d. on chalk surfaced paper, 1968-69 4d. phosphor omitted (block of four), a practically complete range of issues from 1973including some varieties, miniature sheets, postage dues, etc., fine £400-500JERSEY760 1941-2012, unmounted mint collection in two green Lighthouse albums and astockbook, contained in a carton, practically complete, including values to £10, miniaturesheets, postage dues, etc., fine £400-450761761 1969 10/- Royal Court, error green border, unmounted mint from the foot of thesheet, fine. The Great Jersey Rarity. S.G. 28a, £5,250. Photo £3,500-4,000PROVENANCE:Sir Gawaine Baillie, Bt. November 2006THE END OF THE SALEhas a brand new look online ...New innovative features at your fingertips Your ‘My Spink’ personalised account An extensive search and research functioncovering 280,000 sales results since 2002 3D images for closer inspection on key items All of Spink’s businesses and locationsunder one roof Settle your bill onlineWWW.SPINK.COM115

TheCHARTWELLCollectionof GB Line-Engraved Essays, ProofsStamps and Covers - Part IV12 December 2012 • London

– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –NAME ______________________________________________________ADDRESSSALE TITLE DATE CODE NAME SALE NO.Great Britain Tuesday 27 November 2012 at 10.30 a.m. FORDWATER 12049The “Fordwater” CollectionI request Spink, without legal obligations of any kind on its part, to bid on the following Lots up to the price given below.I understand that if my bid is successful the Purchase Price payable will be the sum of the final bid and a premium as a percentage of the final bid (together with any VATchargeable). The Rate of Premium is 20% of the final hammer price of each lot.All bids shall be treated as offers made on the Terms and Conditions for Buyers printed in the catalogue. I also understand that Spink provides the service of executingbids on behalf of clients for the convenience of clients and that Spink will not be held responsible for failing to execute bids. If identical commission bids are received forthe same Lot, the commission bid received first by Spink will take precedence. Please note that you will not be notified if there are higher written bids received. If yourequire such notification then this is available on bids made via Spink live bidding service.BIDDERS PLEASE NOTE OUR EXTENSION CLAUSES IN OUR TERMS AND CONDITIONS FOR BUYERSPLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLINGLot Number(in numerical order)____________________________________________________________________________________________________________________________________________________________________________POSTCODE ___________________________________________________Price Bid £(excluding Buyer’s Premium)TEL. HOME ______________________________________________ TEL. OFFICE ____________________________________________FAX ____________________________________________________ E-MAIL ________________________________________________SIGNATURE _______________________________________________ VAT NUMBER ___________________________________________Please indicate the type of card: VISA VISA DEBIT MASTERCARD SWITCH AMERICAN EXPRESSPAYMENT MADE BY MASTERCARD OR VISAARESUBJECTTOA2% SURCHARGE AND AMERICAN EXPRESS 4%CARD NO: START DATE: ISSUE NO: SECURITY CODE:SIGNATURE EXPIRY DATE NAME (ON CREDIT CARD)Please charge all purchases to my cardLot Number(in numerical order)69 Southampton Row, Bloomsbury,London WC1B 4ETtel: +44 (0)20 7563 4020fax: +44 (0)20 7563 4037email: auctionteam@spink.comWRITTEN BIDS FORMThis form should be sent or faxed to theSpink auction office in advance of the sale.References for new clients should besupplied in good time to be taken upbefore the sale. Bids received later thanone hour before the start of the sale maynot be processed.YOU CAN ALSO BID IN REAL TIME ON SPINK LIVE.JUST VISIT WWW.SPINK.COM TO REGISTERPrice Bid £(excluding Buyer’s Premium)GREAT BRITAINTHE “FORDWATER”COLLECTIONLot Number(in numerical order)27 NOVEMBER 2012Price Bid £(excluding Buyer’s Premium)Do not charge my card. I will arrange to send payment. (Spink will only charge your card should you default on the payment terms agreed)Please hold my purchased lots for collection Continued ...LONDON

DATESALE NO.Tuesday 27 November 2012 at 10.30 a.m. 12049PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLINGLot Number(in numerical order)Price Bid £(excluding Buyer’s Premium)Lot Number(in numerical order)Price Bid £(excluding Buyer’s Premium)Lot Number(in numerical order)Price Bid £(excluding Buyer’s Premium)BIDDING INCREMENTSBidding generally opens below the low estimate and advances in the following orderalthough the auctioneer may vary the bidding increments during the course of theauction. The normal bidding increments are:Up to £100 by £5£100 to £300 by £10£300 to £600 £320-£350-£380-£400 etc.£600 to £1,000 by £50£1,000 to £3,000 by £100£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc.£6,000 to £20,000 by £500£20,000 and up Auctioneer’s discretionVAT is chargeable on the hammer andthe premium of daggered (†) and (Ω)lots at the standard rate (currently20%), and on lots marked (x) at thereduced rate (currently 5% on thehammer and 20% on the premium).VAT on Margin Scheme lots is payableat 20% on the premium only.REFERENCES REQUIRED FOR CLIENTS NOT YET KNOWN TO SPINKTRADE REFERENCESBANK REFERENCES_____________________________________________________________________________________________________________________________________________________________________________________________

a brand new look onlineWe are delighted to announce the launch of ournew website, which will further enhanceyour ‘Spink experience’.The new innovative features include:Your ‘My Spink’ personalised accountExtensive search and research functioncovering 280,000 sales results since 20023D images for closer inspection on key itemsAll of Spink’s businesses and locations under one roofwww.spink.com

SPINK “ON THE GO” TECHNOLOGYSpink are pleased to provide our clients withexciting mobile technology which allows you totake Spink with you no matter where on the globeyou may be. The Spink iPhone/iPad application,which is available free of charge from the iTunesstore, is simple to download! Once installed theprogramme will download the latest auctioncatalogue instantly upon opening the application!We do hope you find these tools useful! Should youhave any further questions or suggestions on howwe can improve our technology in an effort to assistour clients, please contact Berdia Qamarauli, Headof IT at Spink on bqamarauli@spink.com.What you can expect from the Spink app:● Download auction catalogues straight to yourdevice, which are then viewable while online oroffline.● Search all available lots in sales.● View lots individually and zoom in on importantitem details.● Share images, lots or entire auction catalogueswith friends via email, Twitter or Facebook.● Email the Spink Concierge directly from yourdevice to leave bids or receive a quick reply to anyquery you may have.WWW.SPINK.COM

SALE:SALE NO: 12039AUCTION RESULTSThe “Fordwater” Collections ofFalkland Islands and Dependencies,Gibraltar and MaltaDATE: Tuesday 23 October 2011VENUE:LondonSpink & Son Ltd69 Southampton RowBloomsburyLondon WC1B 4ETTel: (020) 7563 4000The following prices in sterling do not include the buyer’s premium and are rounded to thenearest pound. Lots which did not sell are not shown.Spink & Son are not responsible for typographical errors or omissions.Lot Price1 £5202 £2103 £604 £905 £4506 £8007 £1008 £1109 £20010 £42011 £2,00012 £4,50013 £24014 £40015 £24016 £9017 £60018 £60019 £48020 £40021 £22022 £48023 £17024 £11025 £35026 £35027 £35028 £8029 £1,00030 £170Lot Price31 £70032 £24033 £1,50034 £95035 £20036 £20037 £2,20038 £50039 £1,00040 £38041 £2,00042 £65043 £21044 £1,30045 £2,10046 £1,90047 £23048 £50049 £75050 £48051 £55052 £58053 £2,50054 £75055 £32056 £8557 £30058 £80059 £7060 £210Lot Price61 £18062 £85063 £12064 £4066 £1,60067 £1,20068 £95069 £48070 £1,10071 £20072 £7073 £13074 £6575 £7076 £29077 £35078 £21079 £80080 £58081 £3,50082 £9083 £25084 £9085 £9086 £18087 £6088 £17089 £40090 £1,80091 £70Lot Price92 £1,70094 £3,80095 £12096 £16097 £6098 £19099 £100100 £2,800102 £50103 £150104 £350105 £420106 £180107 £150109 £420110 £280111 £480112 £250113 £260114 £270115 £160116 £170117 £320118 £280119 £210120 £380121 £580122 £1,700123 £30124 £380Lot Price125 £190126 £400127 £400128 £800129 £230130 £55131 £850132 £420133 £55134 £130135 £200136 £170137 £320138 £110139 £550140 £400141 £80143 £300144 £170146 £280147 £420148 £100149 £200150 £350151 £100152 £100153 £200158 £80159 £95160 £170Lot Price161 £85162 £200163 £210164 £210165 £280166 £190167 £2,300168 £190169 £210171 £250172 £320173 £450174 £350175 £95176 £500177 £480178 £140179 £260180 £210181 £650182 £140183 £130184 £140185 £220186 £170187 £75188 £290189 £70191 £45192 £480

PRIVATE TREATY SALESPenny Black, Plate 1b. Mint Block of 18.Sold through Private Treaty by Spink.If you are interested in selling your entire collectionor single rare items, contact our specialists todayfor more information on the advantage of Private Treaty SalesTel: +44 (0)20 7563 4000 Fax: +44 (0)20 7563 4066 Email: info@spink.com69 Southampton Row, Bloomsbury, London WC1B 4ETWWW.SPINK.COM

5 auctions per yearin our new gallery in hong kong.next auction on 6th December 2012.Contact us today on wine@spink.com for more information on buying or selling with Spink Fine Wines.

TERMS AND CONDITIONS FOR BUYERSThese conditions set out the terms on which we (Spink and Son Limited of 69 Southampton Row, Bloomsbury London WC1B 4ET (company no. 04369748)) contractwith you (Buyer) either as agent on behalf of the Seller or as principal if we are the Seller. You should read these conditions carefully.1 DEFINITIONSThe following definitions in this condition apply in these conditions.Auctioneers’ Margin Scheme means a VAT margin scheme as defined by HM Revenue & Customs;Buyer’s Premiummeans the charge payable by you as a percentage of the Hammer Price, at the rates set out in clause 5.1 below;Certificate of Authenticity means a certificate issued by an Expert Committee confirming the authenticity of a Lot;Expert Committee means a committee of experts to whom a Lot may be sent for an extension in accordance with clause 3.4.3;Forgerymeans a Lot constituting an imitation originally conceived and executed as a whole with a fraudulent intention to deceive as toauthorship, origin, age, period, culture or source where the correct description as to such matters is not reflected by the descriptionin the catalogue and which at the date of the auction had a value materially less than it would have had if it had been in accordancewith the description in the catalogue. Accordingly, no Lot shall be capable of being a Forgery by reason of any damage and/orrestoration work of any kind (including re-enamelling);Hammer PriceLotReserveSellerSpink GroupVATVAT Symbolsmeans the amount of the highest bid accepted by the auctioneer in relation to a Lot;means any item deposited with us for sale at auction and, in particular, the item or items described against any Lot number in anycatalogue;the amount below which we agree with the Seller that the Lot cannot be sold;means the owner of the Lot being sold by us;Spink and Son Limited, our subsidiaries and associated companies.value added tax chargeable under VAT and any similar replacement or additional tax; andmeans the symbols detailing the VAT status of the Lot details of which are set out at the back of the catalogue.2 SPINK’S ROLE AS AGENT2.1 All sales undertaken by us either at auction or privately are undertakeneither as agent on behalf of the Seller or from time to time, as principalif we are the owner of the Lot. Please note that even if we are acting asagent on behalf of the Seller rather than as principal, we may have afinancial interest in the Lot.2.2 The contract for the sale of the Lot will be between you and the Seller.3 BEFORE THE SALE3.1 Examination of goodsYou are strongly advised to examine personally any goods in which youare interested, before the auction takes place. Condition reports areusually available on request. We provide no guarantee to you otherthan in relation to Forgeries, as set out in clause 5.13 of these Termsand Conditions.3.2 Catalogue descriptions3.2.1 Statements by us in the catalogue or condition report, or madeorally or in writing elsewhere, regarding the authorship, origin,date, age, size, medium, attribution, genuineness, provenance,condition or estimated selling price of any Lot are merelystatements of opinion, and are not to be relied on as statements ofdefinitive fact. Catalogue illustrations are for guidance only, andshould not be relied on either to determine the tone or colour ofany item or to reveal imperfections. Estimates of the selling priceshould not be relied on as a statement that this price is either theprice at which the Lot will sell or its value for any other purpose.3.2.2 Many items are of an age or nature which precludes their beingin perfect condition and some descriptions in the catalogue or givenby way of condition report make reference to damage and/orrestoration. We provide this information for guidance only and theabsence of such a reference does not imply that an item is free fromdefects or restoration nor does a reference to particular defectsimply the absence of any others.3.2.3 Other than as set out in clause 5.13, and in the absence of fraud,neither the Seller nor we, nor any of our employees or agents, areresponsible for the correctness of any statement as to theauthorship, origin, date, age, attribution, genuineness orprovenance of any Lot nor for any other errors of description or forany faults or defects in any Lot.3.3 Your ResponsibilityYou are responsible for satisfying yourself as to the condition of thegoods and the matters referred to in the catalogue description.3.4 Extensions – Stamps only3.4.1 If you wish to obtain an expert opinion or Certificate ofAuthenticity on any Lot (other than a mixed Lot or Lot containingundescribed stamps) you must notify us in writing not less thanforty-eight hours before the time fixed for the commencement of4 AT THE SALEthe first session of the sale. If accepted by us, such request shall havethe same effect as notice of an intention to question thegenuineness or description of the Lot for the purposes of clause5.13 (Refund in the case of Forgery) of these Terms andConditions and the provisions of clause 5.13 (Refund in the case ofForgery) shall apply accordingly.3.4.2 Notice of a request for an expert opinion or Certificate ofAuthenticity must give the reason why such opinion is required andspecify the identity of your proposed expert which will be subjectto agreement by us. We reserve the right, at our discretion, torefuse a request for an expert opinion or Certificate of Authenticityincluding (without limitation) where the proposed expert is notknown to us.3.4.3 If we accept a request for an expert opinion or Certificate ofAuthenticity we will submit the Lot to the Expert Committee. Youacknowledge and accept that the length of time taken by an ExpertCommittee to reach an opinion will vary depending on thecircumstances and in any event is beyond our control.3.4.4 We will not normally accept a request for an extension onaccount of condition. Any Lot described in the catalogue as havingfaults or defects may not be returned even if an expert opinion orCertificate of Authenticity cites other faults or defects not includedin the catalogue description, other than in the case of a Forgery.3.4.5 Should Spink accept a request for an extension under theforegoing provisions of this paragraph, the fact may be stated by theAuctioneer from the rostrum prior to the sale of the Lot.3.4.6 It should be noted that any stamp accompanied by a Certificateof Authenticity is sold on the basis of that Certificate only and noton the basis of any other description or warranty as to authenticity.No request for an extension will be accepted on such a stamp andthe return of such a stamp will not be accepted.4.1 Refusal of admissionOur sales usually take place on our own premises or premises overwhich we have control for the sale, and we have the right, exercisableat our complete discretion, to refuse admission to the premises orattendance at an auction.4.2 Registration before biddingYou must complete and sign a registration form and provideidentification before making a bid at auction. Please be aware that weusually require buyers to undergo a credit check.Some lots may be designated, prior to the auction, as “Premium Lots”,which means a deposit may be required before placing a bid on theitem for sale. Information will be posted on our website in such anevent.Spink Uni (07/11) (20)

4.3 Bidding as PrincipalWhen making a bid (whether such bids are made in person or byway of telephone bids operated by Spink, commission or online oremail bids), you will be deemed to be acting as principal and will beaccepting personal liability, unless it has been agreed in writing, at thetime of registration, that you are acting as agent on behalf of a thirdparty buyer acceptable to us.4.4 Commission BidsIf you give us instructions to bid on your behalf, by using the formprovided in our catalogues or via our website, we shall use reasonableendeavours to do so, provided these instructions are received not laterthan 24 hours before the auction. If we receive commission bids on aparticular Lot for identical amounts, and at auction these bids are thehighest bids for the Lot, it will be sold to the person whose bid wasreceived first. Commission bids are undertaken subject to othercommitments at the time of the sale, and the conduct of the auctionmay be such that we are unable to bid as requested. Since this isundertaken as a free service to prospective buyers on the terms stated,we cannot accept liability for failure to make a commission bid. Youshould therefore always attend personally if you wish to be certain ofbidding.4.5 On-line BiddingWe offer internet services as a convenience to our clients. We will notbe responsible for errors or failures to execute bids placed on theinternet, including, without limitation, errors or failures caused by (i) aloss of internet connection by either party for whatever reason; (ii) abreakdown or problems with the online bidding software and/or (iii)a breakdown or problems with your internet connection, computer orsystem. Execution of on-line internet bids is a free service undertakensubject to other commitments at the time of the auction and we do notaccept liability for failing to execute an online internet bid or for errorsor omissions in connection with this activity.4.6 Telephone BidsIf you make arrangements with us not less than 24 hours before thesale, we shall use reasonable endeavours to contact you to enable youto participate in bidding by telephone, but in no circumstances will webe liable to either the Seller or you as a result of failure to do so.4.7 Currency ConverterAt some auctions, a currency converter will be operated, based on theone month forward rates of exchange quoted to us by Barclays BankPlc or any other appropriate rate determined by us, at opening on thedate of the auction. Bidding will take place in a currency determined byus, which is usually sterling for auctions held in London. The currencyconverter is not always reliable, and errors may occur beyond ourcontrol either in the accuracy of the Lot number displayed on theconverter, or the foreign currency equivalent of sterling bids. We shallnot be liable to you for any loss suffered as a result of you following thecurrency converter.4.8 Video imagesAt some auctions there will be a video screen. Mistakes may occur in itsoperation, and we cannot be liable to you regarding either thecorrespondence of the image to the Lot being sold or the quality of theimage as a reproduction of the original.4.9 Bidding IncrementsBidding generally opens below the low estimate and advances in thefollowing order although the auctioneer may vary the biddingincrements during the course of the auction. The normal biddingincrements are:Up to £100 by £5£100 to £300 by £10£300 to £600 £320-£350-£380-£400 etc.£600 to £1,000 by £50£1,000 to £3,000 by £100£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc.£6,000 to £20,000 by £500£20,000 and up Auctioneer’s discretion4.10 Bidding by Spink4.10.1 We reserve the right to bid on Lots on the Seller’s behalf up tothe amount of the Reserve (if any), which will never be above thelow estimate printed in the auction catalogue.4.10.2 The Spink Group reserves the right to bid on and purchaseLots as principal.4.11 The Auctioneer’s DiscretionThe auctioneer has the right at his absolute discretion to refuse any bidto advance the bidding in such manner as he may decide to withdrawor divide any Lot, to combine any two or more Lots and, in the case oferror or dispute, to put an item up for bidding again.Spink Uni (07/11) (20)4.12 Successful BidSubject to the auctioneer’s discretion, the striking of his hammer marksthe acceptance of the highest bid, provided always that such bid ishigher than the Reserve (where applicable), and the conclusion of acontract for sale between you and the Seller.4.13 After Sale ArrangementsIf you enter into any private sale agreements for any Lot with the Sellerwithin 60 days of the auction, we, as exclusive agents of the Sellerreserve the right to charge you the applicable Buyer’s Premium inaccordance with these Terms and Conditions, and the Seller acommission in accordance with the terms of the Seller’s agreement.4.14 Return of LotOnce your bid has been accepted for a Lot then you are liable to payfor that Lot in accordance with these Terms and Conditions. If thereare any problems with a Lot then you must notify us within 7 days ofreceipt of the Lot, specifying the nature of the problem. We may thenrequest that the Lot is returned to us for inspection. Save as set out inclause 5.13, the cancellation of the sale of any Lot and the refund ofthe corresponding purchase price is entirely at our sole discretion. Wewill not normally exercise that discretion if the Lot is not received byus in the same condition that it was in at the auction date.5 AFTER THE AUCTION5.1 Buyer’s PremiumIn addition to the Hammer Price, you must pay us the Buyer’sPremium at a rate of 20% of the final Hammer Price of each Lot.5.2 Value Added TaxOther than in respect of Zero-rated Lots (o) (see VAT Symbols fordetails), VAT is payable on the Buyer’s Premium and on the HammerPrice, if the Lot has been marked with a sign to that effect in thecatalogue (see VAT Symbols for details).5.3 VAT RefundsGeneral5.3.1 As we remain liable to account for VAT on all Lots unless theyhave been exported outside the EU within 3 months of the date ofsale, you will generally be asked to deposit all amounts of VATinvoiced. However, if a Spink nominated shipper is instructed, thenany refundable VAT will not be collected. In all other cases creditswill be made when proof of export is provided. If you export theLot yourself you must obtain shipping documents from theShipping Department for which a charge of £50 will be made.5.3.2 If you export the Lot you must return the valid proof of exportcertificate to us within 3 months of the date of sale. If you fail toreturn the proof of export certificate to us within such period andyou have not already accounted to us for the VAT, you will beliable to us for the full amount of the VAT due on such Lot and weshall be entitled to invoice you for this sum.5.3.3 To apply for a refund of any VAT paid, the proof of exportcertificate must be sent to our Shipping Department clearly marked‘VAT Refund’ within 3 months of the date of sale. No payment willbe made where the total amount of VAT refundable is less than £50and Spink will charge £50 for each refund processed.VAT Refunds - Buyers from within the EU5.3.4 VAT refunds are available on the Hammer Price and Buyer’sPremium of Daggered (†) and Investment Gold (g) Lots. You mustcertify that you are registered for VAT in another EU country andthat the Lot is to be removed from the United Kingdom within 3months of the date of sale.5.3.5 Where an EU buyer purchases a Lot on which import VAT hasbeen charged, no refund of VAT is available from us. It may bepossible to apply directly for a refund on form VAT 65 toHM Revenue & Customs Overeseas Repayment Section,Londonderry.VAT Refunds – Buyers from outside the EU5.3.6 Where a Lot is included within the Auctioneers’ Margin Schemeand evidence of export from the EU is produced within 3 monthsof the date of sale, the VAT element included within the Buyer’sPremium may be refunded.5.3.7 Where the Lot is marked as a Daggered (†) or Investment Gold(g) Lot the VAT charged on the Hammer Price may be refundedwhere evidence of export from the EU is produced within 3months of the date of sale. A refund of VAT charged on the Buyer’sPremium can also be made on receipt of proof of business as acollectibles dealer.5.3.8 Where the Lot is marked as an Omega (Ω) Lot or an ImportVAT (x) Lot and evidence of export from the EU is producedwithin 3 months of the date of sale, the VAT charged on both theHammer Price and Buyer’s Premium may be refunded. Whererequired, we can advise you on how to export such Lots as a specificform of export evidence is required. Where we advise you on theexport of the Lots, please be aware that the ultimate responsibilityin respect of obtaining a valid proof of export certificate will lie withyou and we will not be responsible for your failure to obtain suchcertificate.

5.4 Payment5.4.1 You must provide us with your full name and permanent addressand, if so requested, details of the bank from which any paymentsto us will be made. You must pay the full amount due (comprisingthe Hammer Price, the Buyer’s Premium and any applicable VAT)within seven days after the date of the sale. This applies even if youwish to export the Lot and an export licence is (or may be)required.5.4.2 You will not acquire title to the Lot until all amounts duehave been paid in full. This includes instances where specialarrangements were made for release of Lot prior to full settlement.5.4.3 Payment should be made in sterling by one of the followingmethods:II(i) Direct bank transfer to our account details of which are setout on the invoice. All bank charges shall be met by you.Please ensure that your client number is noted on thei(ii)transfer.By cheque or bank draft made payable to Spink and Son Ltdand sent to Spink at 69 Southampton Row, Bloomsbury,London WC1B 4ET. Please note that the processing chargesfor payments made by cheques or bank drafts drawn on anon-U.K bank shall be met by you. Please ensure that theremittance slip printed at the bottom of the invoice isenclosed with your payment.(iii) By Visa or Mastercard. A charge of 2% will be applied.Payments exceeding £5,000 can normally only be made bythe card holder in person whilst on our premises.5.4.4 Payments should be made by the registered buyer and not bythird parties, unless it has been agreed at the time of registrationthat you are acting as an agent on behalf of a third party.5.5 InvoicesInvoices may consist of one or more pages and will show: Zero ratedLots (o); no symbol Lots sold under the Auctioneers’ Margin Scheme;Lots marked (g) special scheme Investment Gold; Daggered Lots (†),imported Lots marked (x) and (Ω), (e) Lots with Zero rated hammerfor EU VAT registered buyers.5.6 Collection of Purchases5.6.1 Unless we specifically agree to the contrary, we shall retain itemssold until all amounts due to us, or to the Spink Group, have beenpaid in full.5.6.2 Unless we notify you to the contrary, items retained by us willbe covered in accordance with our policy which is available forinspection at our offices from the date of sale for a period of sevendays or until the time of collection, whichever is sooner. After sevendays or from the time of collection, whichever is the earlier, the Lotwill be entirely at your risk.5.6.3 Our policy will not cover and we are unable to acceptresponsibility for damage caused by woodworm, changes inatmospheric conditions or acts of terrorism.5.7 NotificationWe are not able to notify successful bidders by telephone. WhileInvoices are sent out by mail after the auction we do not acceptresponsibility for notifying you of the result of your bid. You arerequested to contact us by telephone or in person as soon as possibleafter the auction to obtain details of the outcome of your bids to avoidincurring charges for late payment.5.8 Packing and handling5.8.1 We shall use all reasonable endeavours to take care whenhandling and packing a purchased Lot but remind you that afterseven days or from the time of collection, whichever is sooner, theLot is entirely at your risk. Our postage charges are set out at theback of the catalogue.5.8.2 It is the responsibility of the Buyer to be aware of any ImportDuties that may be incurred upon importation to the finaldestination. Spink will not accept return of any package in order toavoid these duties. The onus is also on the Buyer to be aware of anyCustoms import restrictions that prohibit the importation ofcertain collectibles. Spink will not accept return of the Lot(s) underthese circumstances. Spink will not accept responsibility for Lot(s)seized or destroyed by Customs.5.9 Recommended packers and shippersIf required our shipping department may arrange shipment as youragent. Although we may suggest carriers if specifically requested, oursuggestions are made on the basis of our general experience of suchparties in the past and we are not responsible to any person to whomwe have made a recommendation for the acts or omissions of the thirdparties concerned.5.10 Remedies for non-payment or failure to collect purchases5.10.1 If you fail to make payment within seven days of your stipulatedpayment date set out in your invoice, we shall be entitled to exerciseone or more of the following rights or remedies:5.10.1.1 to charge interest at the rate of 2% per month compoundinterest, calculated on a daily basis, from the date the fullamount is due;5.10.1.2 to set off against any amounts which the Spink Group mayowe you in any other transaction the outstanding amountremaining unpaid by you;5.10.1.3 we may keep hold of all or some of your Lots or otherproperty in the possession of the Spink Group until you havepaid all the amounts you owe us or the Spink Group, even if theunpaid amounts do not relate to those Lots or other property.Following fourteen days’ notice to you of the amountoutstanding and remaining unpaid, the Spink Group shall havethe right to arrange the sale of such Lots or other property. Weshall apply the proceeds in discharge of the amount outstandingto us or the Spink Group, and pay any balance to you;5.10.1.4 where several amounts are owed by you to the SpinkGroup in respect of different transactions, to apply any amountpaid to discharge any amount owed in respect of any particulartransaction, whether or not you so direct;5.10.1.5 to reject at any future auction any bids made by you or onyour behalf or obtain a deposit from you before accepting anybids.5.10.2 If you fail to make payment within thirty-five days, we shall inaddition be entitled:5.10.2.1 to cancel the sale of the Lot or any other item sold to youat the same or any other auction;5.10.2.2 to arrange a resale of the Lot, publicly or privately, and, ifthis results in a lower price being obtained, claim the balancefrom you together with all reasonable costs including a 20%seller’s commission, expenses, damages, legal fees, commissionsand premiums of whatever kind associated with both sales orotherwise, incurred in connection with your failure to makepayment; or5.10.2.3 take any other appropriate action as we deem fit.5.11 Failure to collectWhere purchases are not collected within seven days after the sale,whether or not payment has been made, you will be required to pay astorage charge of £2 per item per day plus any additional handling costthat may apply. You will not be entitled to collect the Lot until alloutstanding charges are met, together with payment of all otheramounts due to us.5.12 Export Licence5.12.1 If required we can, at our discretion, advise you on the detailedprovisions of the export licensing regulations. Where we advise youin relation to export licensing regulations the ultimate responsibilityin respect of any export will lie with you and we will not beresponsible for your failure to apply for any necessary licences.5.12.2 If the Lot is going to be hand carried by you, you may berequired to produce a valid export licence to us or sign a waiverdocument stating that a licence will be applied for.5.12.3 You should always check whether an export licence is requiredbefore exporting. Export licences are usually obtained within twoor three weeks but delays can occur.5.12.4 Unless otherwise agreed by us in writing, the fact that you wishto apply for an export licence does not affect your obligation tomake payment within seven days nor our right to charge interest onlate payment.5.12.5 If you request that we apply for an export licence on yourbehalf, we shall be entitled to recover from you our disbursementsand out of pocket expenses in relation to such application, togetherwith any relevant VAT.5.12.6 We will not be obliged to rescind a sale nor to refund anyinterest or other expenses incurred by you where payment is madeby you despite the fact that an export licence is required.5.13 Refund in the case of Forgery5.13.1 A sale will be cancelled, and the amount paid refunded to youif a Lot (other than a miscellaneous item not described in thecatalogue) sold by us proves to have been a Forgery. We shall nothowever be obliged to refund any amounts if either (a) thecatalogue description or saleroom notice at the auction datecorresponded to the generally accepted opinion of scholars orexperts at that time, or fairly indicated that there was a conflict ofopinions, or (b) it can be demonstrated that the Lot is a Forgeryonly by means of either a scientific process not generally acceptedfor use until after publication of the catalogue or a process which atthe date of the auction was unreasonably expensive or impracticableor likely to have caused damage to the Lot. Furthermore, youshould note that this refund can be obtained only if the followingconditions are met:5.13.1.1 you must notify us in writing, within seven days of thereceipt of the Lot(s), that in your view the Lot concerned is aForgery;5.13.1.2 you must then return the item to us within fourteen daysfrom receipt of the Lot(s), in the same condition as at theauction date; andSpink Uni (07/11) (20)

5.13.1.3 as soon as possible following return of the Lot, you mustproduce evidence satisfactory to us that the Lot is a Forgery andthat you are able to transfer good title to us, free from any thirdparty claims.5.13.2 In no circumstances shall we be required to pay you any morethan the amount paid by you for the Lot concerned and you shallhave no claim for interest.5.13.3 The benefit of this guarantee is not capable of beingtransferred, and is solely for the benefit of the person to whom theoriginal invoice was made out by us in respect of the Lot when soldand who, since the sale, has remained the owner of the Lot withoutdisposing of any interest in it to any third party.5.13.4 We shall be entitled to rely on any scientific or other process toestablish that the Lot is not a Forgery, whether or not such processwas used or in use at the date of the auction.6 LIABILITYNothing in these Terms and Conditions limits or excludes our liability for:6.1 death or personal injury resulting from negligence; or6.2 any damage or liability incurred by you as a result of our fraud orfraudulent misrepresentation.7 COPYRIGHT7.1 We shall have the right (on a non-exclusive basis) to photograph, videoor otherwise produce an image of the Lot. All rights in such an imagewill belong to us, and we shall have the right to use it in whatever waywe see fit.7.2 The copyright in all images, illustrations and written material relatingto a Lot is and shall remain at all times our property and we shall havethe right to use it in whatever way we see fit. You shall not use or allowanyone else to use such images, illustrations or written material withoutour prior written consent.8 VATYou shall give us all relevant information about your VAT status and that ofthe Lot to ensure that the correct information is printed in the catalogues.Once printed, the information cannot be changed. If we incur any unforeseencost or expense as a result of the information being incorrect, you willreimburse to us on demand the full amount incurred.9 NOTICESAll notices given under these Terms and Conditions may be served personally,sent by 1st class post, or faxed to the address given to the sender by the otherparty. Any notice sent by post will be deemed to have been received on thesecond working day after posting or, if the addressee is overseas, on the fifthworking day after posting. Any notice sent by fax or served personally will bedeemed to be delivered on the first working day following despatch.10 ADDITIONAL PROVISIONSThe following provisions of this clause 10 shall apply only if you are acting forthe purposes of your business.10.1 Limitation of LiabilitySubject to clause 6, we shall not be liable, whether in tort (includingfor negligence) or breach of statutory duty, contract, misrepresentationor otherwise for any:10.1.1 loss of profits, loss of business, depletion of goodwill and/orsimilar losses, loss of anticipated savings, loss of goods, loss ofcontract, loss of use, loss of corruption of data or information; or10.1.2 any special, indirect, consequential or pure economic loss,costs, damages, charges or expenses.10.2 SeverabilityIf any part of these Terms and Condition is found by any court to beinvalid, illegal or unenforceable, that part may be discounted and therest of the conditions shall continue to be valid and enforceable to thefullest extent permitted by law.10.3 Force majeureWe shall have no liability to you if we are prevented from, or delayedin performing, our obligations under these Terms and Conditions orfrom carrying on our business by acts, events, omissions or accidentsbeyond our reasonable control, including (without limitation) strikes,lock-outs or other industrial disputes (whether involving our workforceor the workforce of any other party), failure of a utility service ortransport network, act of God, war, riot, civil commotion, maliciousdamage, compliance with any law or governmental order, rule,regulation or direction, accident, breakdown of plant or machinery,fire, flood, storm or default of suppliers or subcontractors.10.4 Waiver10.4.1 A waiver of any right under these Terms and Conditions is onlyeffective if it is in writing and it applies only to the circumstancesfor which it is given. No failure or delay by a party in exercising anyright or remedy under these Terms and Conditions or by law shallconstitute a waiver of that (or any other) right or remedy, norpreclude or restrict its further exercise. No single or partial exerciseof such right or remedy shall preclude or restrict the further exerciseof that (or any other) right or remedy.10.4.2 Unless specifically provided otherwise, rights arising underthese Terms and Conditions are cumulative and do not excluderights provided by law.Spink Uni (07/11) (20)10.5 Law and Jurisdiction10.5.1 These Terms and Conditions and any dispute or claim arisingout of or in connection with them or their subject matter, shall begoverned by, and construed in accordance with, the law of Englandand Wales.10.5.2 The parties irrevocably agree that the courts of England andWales shall have exclusive jurisdiction to settle any dispute orclaim that arises out of, or in connection with, Terms andConditions or their subject matter.Postal ChargesPrices for books(items sent by this method are not covered by insurance)Weight UK EU Rest of the WorldUp to 1kg £8 for any weight £12 £15Up to 2kg £8 for any weight £18 £25Prices for all other items including postage and packagingInvoice Value UK EU Rest of the WorldUp to £1,500 £10 £15 £20Above £1,501 £20 £30 £40Shipments of more than 2kg or volumetric measurement of more than 2kg have tobe sent by courier. Certain countries may incur extra charge when courier servicesare required by our insurance policy. For lots sent by courier please contactAuctionteam@spink.com for calculation of any further relevant cost in addition tothe above charges.Value Added Tax (VAT)Charging of (VAT) at AuctionThe information shown on this page sets out the way in which Spink intends toaccount for VAT.i. Auctioneers’ Margin Scheme1. Where possible, we will offer Lots for sale under the Auctioneers’Margin Scheme. Such Lots can be identified by the absence of anysymbol next to the Lot number in the catalogue and will not besubject to VAT on the Hammer Price.ii.iii.iv.2. Where Lots are sold using the Auctioneers’ Margin Scheme toVAT–registered businesses, the VAT included within the Buyers’Premium is not recoverable as input tax. Upon request on sale day,we will issue invoices that show VAT separately on both the HammerPrice and the Buyer’s Premium. This will enable VAT-registeredbusinesses to recover the VAT charged as input tax, subject to thenormal rules for recovering input tax.Zero-Rated LotsLimited Categories of goods, such as books, are Zero-rated (o) for VAT inthe United Kingdom. Such Lots are offered under the Auctioneers’ MarginScheme. In these circumstances no VAT element will be included withinthe Buyer’s Premium.Daggered LotsLots which are Daggered (†) in the catalogue are subject to VAT at 20%on both the Hammer Price and the Buyer’s Premium.Starred and Omega LotsLots which are marked (x) in the catalogue are subject to VAT at 5% onthe Hammer Price and 20% on the Buyer’s Premium which is shown asinclusive of VAT. Lots which bear the Omega symbol (Ω) are subject toVAT at 20% on the Hammer Price and on the Buyer’s Premium. Such Lotsbear VAT because the Lot is liable for VAT at this rate on importation intothe EU.v. Investment Gold LotsLots marked (g) in the catalogue are exempt from VAT on the HammerPrice and are subject to VAT at 20% on the Buyer’s Premium. A refund ofVAT charged on the Buyer’s Premium can also be made on receipt of proofof business as a collectibles dealer.vi.Imported LotsLots which are marked (x) and Lots which bear the Omega symbol (Ω)have VAT charged on the Hammer Price and Buyers’ Premium becausethey have been imported into the United Kingdom from outside the EU.In these cases we have used a temporary importation procedure, which ineffect means that the point of importation is deferred until the Lot has beensold. At this point the Buyer is treated as the importer and is liable to paythe import VAT due. We will collect the VAT from you and pay it to HMCustoms and Excise on your behalf.

SALE CALENDAR 2012/2013STAMPS3 November The Collector’s Series Sale Hong Kong CSS0413/14 November The Morgan Collection of Australian Commonwealth London 1204614/15 November The Collector’s Series Sale London 1202015 November La Collection “Alienor” - Type “Blanc” de France London 1205115 November The Collector’s Series Sale New York 14127 November Great Britain - The “Fordwater” Collection London 1204912 December The Chartwell Collection - GB Line-Engraved Essays, Proofs, Stamps and Covers - Part IV London 1202113 January The Mizuhara Collection of Korean Stamps Hong Kong 1300813 January Fine Stamps and Covers of Hong Kong and China Hong Kong 1300923 January The “Lionheart” Collection of Great Britain and British Empire Specimen Stamps London 1301024 January The Collector’s Series Sale London 13011COINS3 November The Collector’s Series Sale Hong Kong CSS0412/13 November The Collector’s Series Sale New York 3154 December Ancient, British & Foreign Coins and Commemorative Medals London 1202712 January Fine Coins of Hong Kong and China Hong Kong 1300715/16 January The Collector’s Series Sale New York 31627 March Ancient, British & Foreign Coins and Commemorative Medals London 1301227 June Ancient, British & Foreign Coins and Commemorative Medals London 13013BANKNOTES3 November The Collector’s Series Sale Hong Kong CSS0413 December World Banknotes London 1202414 December The David Kirch Collection of English Provincial Banknotes - Part II London 1205012 January Banknotes of Hong Kong and China Hong Kong 1300515/16 January The Collector’s Series Sale New York 3169/10/11 April World Banknotes London 13004MEDALS22 November Orders, Decorations, Campaign Medals & Militaria London 1200425 April Orders, Decorations, Campaign Medals & Militaria London 1300125 July Orders, Decorations, Campaign Medals & Militaria London 1300221 November Orders, Decorations, Campaign Medals & Militaria London 13003BONDS AND SHARES3 November The Collector’s Series Sale Hong Kong CSS0429 November Bonds and Share Certificates of the World London 1201112 January Bonds and Share Certificates of Hong Kong and China Hong Kong 1300615/16 January The Collector’s Series Sale New York 31617 May Bonds and Share Certificates of the World London 13016AUTOGRAPHS15/16 January The Collector’s Series Sale New York 316WINES6 December An Evening of Exceptional Wines Hong KongThe above sale dates are subject to changeSpink offers the following services:– VALUATIONS FOR INSURANCE AND PROBATE FOR INDIVIDUAL ITEMS OR WHOLE COLLECTIONS –– SALES ON A COMMISSION BASIS EITHER OF INDIVIDUAL PIECES OR WHOLE COLLECTIONS –

£25© Copyright 2012STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES69 Southampton Row, Bloomsbury, London WC1B 4ETwww.spink.com