Lot 324 o
New Zealand, 1872, Queen Victoria "Chalon Head", 2d vermilion, perf 12½, watermarked (double lined capitals), showing "HS " of "TH SAUNDERS" watermark, strong color and impression, cancelled by "N 1" barred circle, small flaw top right, scarce and Very Fine appearance. Scott No. 48 var. Campbell Paterson No. A2t (Y).SG No. 138c £800 ($1,040).
Realized: $425