1&1/2d Red, Single Wmk, Private Perfin, var 15R39, 2nd State, GU

Australia KGV 1924, 1&1/2d Red, Single Watermark, Private Perfin "V.H B", Variety 15R39, Second State, (Flaw on T of AUSTRALIA, Flaw on S of AUSTRALIA) in Good Used condition with no faults. Reasonably centred with a slogan cancellation partly obscuring the first flaw but clear of the second flaw, which defines the Second State. Rare combination with the Private Perfin. BW89(15)ha.