Western Australia 1902-11 1d carmine-rose, watermark V over crown upright (inverted), type 33, perforations compound of 12½ line and 11 line (at right), SG135a.
A very lightly used example with small part circular date stamp. One short corner perforation, but very fine quality for this exceedingly rare variety, with most examples being of much poorer quality.
The iconic Swan issue of Western Australia was used as it was the emblem of the Colony and a reminder of when it was known as the Swan River Settlement.
The Stanley Gibbons catalogue value is £650.
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