Sg 351-398 Royal Cypher Retail

	U/M	L/M/M	AV/M/M	VFU/FU	G/U	S/SEC
Sg 351 ½d Green	U/M £0.40 add	L/M/M £0.20 add		VFU/FU £0.10 add	G/U £0.05 add
Sg 351-396 Set ½d-1/- 14 Values King George V 1912-22 Royal Cypher	U/M £102.00 add	L/M/M £42.00 add	AV/M/M £25.00 add	VFU/FU £25.00 add	G/U £9.00 add
Sg 351-396 Set ½d-1/- 15 Values, including 9d Green King George V 1912-22 Royal Cypher	U/M £235.00 add	L/M/M £75.00 add		VFU/FU £37.00 add	G/U £13.50 add
Sg 351wi ½d Watermark Inverted	U/M £2.40 add	L/M/M £0.60 add		VFU/FU £2.00 add	G/U £1.00 add
Sg 351wj ½d Watermark Reversed
Sg 351wk ½d Watermark Inverted & Reversed	U/M £2.60 add	L/M/M £1.80 add
Sg 352 ½d Bright Green	U/M £0.50 add	L/M/M £0.20 add		VFU/FU £0.15 add	G/U £0.05 add
Sg 353 ½d Deep Green	U/M £4.50 add	L/M/M £2.00 add	AV/M/M £1.00 add	VFU/FU £0.60 add	G/U £0.25 add
Sg 354 ½d Yellow Green	U/M £4.00 add	L/M/M £2.00 add	AV/M/M £1.00 add	VFU/FU £0.60 add	G/U £0.25 add
Sg 356 ½d Blue Green	U/M £22.00 add	L/M/M £10.00 add	AV/M/M £5.00 add	VFU/FU £6.00 add	G/U £3.00 add
Sg 357 1d Bright Scarlet	U/M £0.40 add	L/M/M £0.20 add		VFU/FU £0.10 add	G/U £0.05 add
Sg 357a 1d Q for O		L/M/M £120.00 add
Sg 357wi 1d Watermark Inverted	U/M £2.40 add	L/M/M £1.00 add			G/U £1.00 add
Sg 357wj 1d Watermark Reversed
Sg 357wk 1d Watermark Inverted & Reversed	U/M £3.00 add	L/M/M £2.00 add
Sg 358 1d Vermilion	U/M £2.00 add	L/M/M £0.80 add	AV/M/M £0.40 add	VFU/FU £0.50 add	G/U £0.10 add
Sg 359 1d Pale Rose Red	U/M £12.00 add	L/M/M £4.00 add	AV/M/M £2.00 add	VFU/FU £0.50 add	G/U £0.25 add
Sg 360 1d Carmine Red	U/M £6.00 add	L/M/M £2.00 add	AV/M/M £1.00 add	VFU/FU £1.50 add	G/U £0.50 add
Sg 361 1d Scarlet Vermilion	U/M £90.00 add	L/M/M £50.00 add	AV/M/M £30.00 add	VFU/FU £11.00 add	G/U £5.00 add
Sg 362 1½d Red Brown	U/M £1.20 add	L/M/M £0.40 add	AV/M/M £0.25 add	VFU/FU £0.20 add	G/U £0.10 add
Sg 362a 1½d Red Brown 'PENCF' error
Sg 362wi 1½d Watermark Inverted	U/M £4.00 add	L/M/M £2.50 add		VFU/FU £3.00 add	G/U £2.00 add
Sg 362wj 1½d Watermark Reversed
Sg 362wk 1½d Watermark Inverted & Reversed	U/M £6.00 add	L/M/M £3.00 add
Sg 363 1½d Chocolate Brown	U/M £7.00 add	L/M/M £1.50 add	AV/M/M £0.80 add	VFU/FU £0.25 add	G/U £0.25 add
Sg 364 1½d Chestnut	U/M £1.50 add	L/M/M £1.00 add	AV/M/M £0.40 add	VFU/FU £0.20 add	G/U £0.10 add
Sg 364a 1½d Chestnut 'PENCF' error	U/M £110.00 add	L/M/M £75.00 add
Sg 365 1½d Yellow Brown	U/M £10.00 add	L/M/M £5.00 add	AV/M/M £3.00 add	VFU/FU £4.00 add	G/U £2.00 add
Sg 366 2d Orange Yellow	U/M £5.00 add	L/M/M £2.00 add	AV/M/M £1.20 add	VFU/FU £1.50 add	G/U £0.35 add
Sg 367 2d Reddish Orange	U/M £3.00 add	L/M/M £1.20 add	AV/M/M £0.80 add	VFU/FU £0.30 add	G/U £0.15 add
Sg 368 2d Orange	U/M £2.00 add	L/M/M £0.60 add	AV/M/M £0.40 add	VFU/FU £0.30 add	G/U £0.10 add
Sg 368wi 2d Die I Watermark Inverted	U/M £11.00 add	L/M/M £6.00 add		VFU/FU £5.00 add	G/U £3.00 add
Sg 368wj 2d Watermark Reversed	U/M £12.00 add	L/M/M £7.20 add
Sg 368wk 2d Watermark Inverted & Reversed	U/M £7.00 add	L/M/M £4.80 add
Sg 369 2d Bright Orange	U/M £2.25 add	L/M/M £1.20 add	AV/M/M £0.80 add	VFU/FU £0.30 add	G/U £0.20 add
Sg 370 2d Orange Die II	U/M £3.50 add	L/M/M £1.50 add	AV/M/M £1.00 add	VFU/FU £1.00 add	G/U £0.40 add
Sg 370wi 2d Die II Watermark Inverted	U/M £30.00 add	L/M/M £20.00 add		VFU/FU £20.00 add
Sg 371 2½d Cobalt Blue	U/M £9.00 add	L/M/M £3.60 add	AV/M/M £2.00 add	VFU/FU £1.00 add	G/U £0.30 add
Sg 371a 2½d Bright Blue	U/M £9.00 add	L/M/M £3.60 add	AV/M/M £2.00 add	VFU/FU £1.00 add	G/U £0.30 add
Sg 372 2½d Blue	U/M £9.00 add	L/M/M £3.60 add	AV/M/M £2.00 add	VFU/FU £1.00 add	G/U £0.30 add
Sg 372wi 2½d Watermark Inverted	U/M £70.00 add	L/M/M £38.00 add
Sg 372wj 2½d Watermark Reversed
Sg 372wk 2½d Watermark Inverted & Reversed	U/M £24.00 add	L/M/M £14.00 add
Sg 374 3d Dull Red Violet	U/M £8.50 add	L/M/M £4.00 add	AV/M/M £2.50 add	VFU/FU £1.00 add	G/U £0.25 add
Sg 375 3d Violet	U/M £4.00 add	L/M/M £1.20 add	AV/M/M £0.75 add	VFU/FU £0.50 add	G/U £0.15 add
Sg 375wi 3d Watermark Inverted		L/M/M £55.00 add
Sg 375wk 3d Watermark Inverted & Reversed	U/M £22.00 add	L/M/M £14.00 add
Sg 376 3d Bluish Violet	U/M £7.50 add	L/M/M £2.00 add	AV/M/M £1.30 add	VFU/FU £0.50 add	G/U £0.15 add
Sg 377 3d Pale Violet	U/M £10.00 add	L/M/M £3.60 add	AV/M/M £2.00 add	VFU/FU £0.50 add	G/U £0.35 add
Sg 378 4d Deep Grey Green	U/M £25.00 add	L/M/M £11.00 add	AV/M/M £7.00 add	VFU/FU £3.00 add	G/U £1.00 add
Sg 379 4d Grey Green	U/M £8.00 add	L/M/M £2.60 add	AV/M/M £1.60 add	VFU/FU £0.50 add	G/U £0.15 add
Sg 379wi 4d Watermark Inverted	U/M £29.00 add	L/M/M £17.00 add
Sg 380 4d Pale Grey Green	U/M £17.00 add	L/M/M £7.00 add	AV/M/M £4.00 add	VFU/FU £1.25 add	G/U £0.50 add
Sg 381 5d Brown	U/M £11.00 add	L/M/M £3.60 add	AV/M/M £2.00 add	VFU/FU £1.50 add	G/U £0.50 add
Sg 382 5d Yellow Brown	U/M £11.00 add	L/M/M £3.60 add	AV/M/M £2.00 add	VFU/FU £1.50 add	G/U £0.50 add
Sg 383 5d Bistre Brown	U/M £150.00 add	L/M/M £95.00 add	AV/M/M £30.00 add	VFU/FU £15.00 add	G/U £6.00 add
Sg 384 6d Dull Purple	U/M £22.00 add	L/M/M £7.20 add	AV/M/M £4.50 add	VFU/FU £3.00 add	G/U £0.75 add
Sg 385 6d Reddish Purple	U/M £12.00 add	L/M/M £3.00 add	AV/M/M £2.00 add	VFU/FU £0.75 add	G/U £0.25 add
Sg 385a 6d Perf 14	U/M £78.00 add	L/M/M £42.00 add		VFU/FU £42.00 add	G/U £20.00 add	S/SEC £8.00 add
Sg 385wi 6d Watermark Inverted		L/M/M £28.00 add
Sg 385wk 6d Watermark Inverted & Reversed		L/M/M £65.00 add
Sg 386 6d Deep Reddish Purple	U/M £25.00 add	L/M/M £8.00 add	AV/M/M £3.75 add	VFU/FU £1.20 add	G/U £0.40 add
Sg 387 7d Olive	U/M £18.00 add	L/M/M £5.00 add	AV/M/M £3.00 add	VFU/FU £3.00 add	G/U £1.00 add
Sg 387wi 7d Watermark Inverted		L/M/M £28.00 add
Sg 388 7d Bronze Green	U/M £75.00 add	L/M/M £25.00 add	AV/M/M £14.00 add	VFU/FU £8.00 add	G/U £2.00 add
Sg 389 7d Sage Green	U/M £75.00 add	L/M/M £45.00 add	AV/M/M £10.00 add	VFU/FU £5.00 add	G/U £1.50 add
Sg 390 8d Black Yellow	U/M £25.00 add	L/M/M £9.60 add	AV/M/M £6.00 add	VFU/FU £6.00 add	G/U £1.75 add
Sg 390wi 8d Watermark Inverted		L/M/M £100.00 add
Sg 391 8d Black Yellow Granite Paper	U/M £25.00 add	L/M/M £9.60 add	AV/M/M £6.00 add	VFU/FU £6.00 add	G/U £1.75 add
Sg 392 9d Agate	U/M £11.00 add	L/M/M £3.60 add	AV/M/M £1.75 add	VFU/FU £2.00 add	G/U £0.50 add
Sg 392wi 9d Agate Watermark Inverted		L/M/M £110.00 add
Sg 392wj 9d Agate Watermark Inverted & Reversed		L/M/M £110.00 add
Sg 393 9d Deep Agate	U/M £15.00 add	L/M/M £5.00 add	AV/M/M £3.50 add	VFU/FU £2.00 add	G/U £0.80 add
Sg 393a 9d Olive Green	U/M £145.00 add	L/M/M £48.00 add		VFU/FU £8.00 add	G/U £4.00 add
Sg 393b 9d Pale Olive Green	U/M £145.00 add	L/M/M £48.00 add		VFU/FU £8.00 add	G/U £4.00 add
Sg 394 10d Turquoise Blue	U/M £17.00 add	L/M/M £6.00 add	AV/M/M £4.00 add	VFU/FU £6.00 add	G/U £2.50 add
Sg 394a 10d Deep Turquoise Blue	U/M £110.00 add	L/M/M £55.00 add	AV/M/M £17.00 add	VFU/FU £11.00 add	G/U £5.00 add
Sg 395 1/- Bistre Brown	U/M £22.00 add	L/M/M £8.00 add	AV/M/M £3.00 add	VFU/FU £0.75 add	G/U £0.25 add
Sg 395wi 1/- Watermark Inverted		L/M/M £180.00 add
Sg 395wj 1/- Watermark Inverted & Reversed	U/M £70.00 add	L/M/M £48.00 add
Sg 396 1/- Olive Bistre	U/M £25.00 add	L/M/M £8.00 add	AV/M/M £5.00 add	VFU/FU £2.75 add	G/U £1.00 add
Sg 397 ½d Average Perfs	U/M £50.00 add	L/M/M £40.00 add	AV/M/M £20.00 add	VFU/FU £35.00 add	G/U £24.00 add
Sg 397 ½d Good Perfs	U/M £95.00 add	L/M/M £75.00 add		VFU/FU £65.00 add	G/U £40.00 add
Sg 397 ½d Poor Perfs	U/M £36.00 add	L/M/M £25.00 add	AV/M/M £17.00 add	VFU/FU £22.00 add	G/U £18.00 add
Sg 397-8 Set of 2 Values King George V 1913 Multiple Royal Cypher	U/M £420.00 add	L/M/M £235.00 add		VFU/FU £235.00 add	G/U £120.00 add
Sg 398 1d Average Perfs	U/M £144.00 add	L/M/M £95.00 add	AV/M/M £60.00 add	VFU/FU £50.00 add	G/U £38.00 add
Sg 398 1d Good Perfs	U/M £330.00 add	L/M/M £175.00 add		VFU/FU £175.00 add	G/U £84.00 add
Sg 398 1d Poor Perfs	U/M £75.00 add	L/M/M £42.00 add	AV/M/M £40.00 add	VFU/FU £36.00 add	G/U £26.00 add

U/M	Unmounted Mint
M/M	Mounted Mint
L/M/M	Lightly Mounted Mint
F/M/M	Fine Mounted Mint
AV/M/M	Average Mounted Mint
VFU	Very Fine Used
VFU/FU	Very Fine Used / Fine Used
F/U	Fine Used
G/U	Good Used
AV/U	Average Used
S/F	Space Filler

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