1&1/2d Red, Single Wmk, var 14R55, 3rd State, FU

Australia KGV 1924, 1&1/2d Red, Single Watermark, Variety 14R55, Third State, (Thinned and irregular bottom frame, diagonal gash in bottom frame beginning at bottom left corner, thickened white margin below HA of HALFPENCE with bulge in bottom frame extending below HA of HALFPENCE) in Fine Used condition with no faults. Reasonably centred with a circular duplex cancellation (ADELAIDE) clear of the variety. Bottom marginal watermark line present. Excellent example!