| (SG 48) |                                                                                                                                                                                          
                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                      
                     | Unmounted Mint |                                                                                                                                                                                                     
                     8.50 |                                                                                                                                                                                                               
                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                             
                      |                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                      
                     | Mint lightly mounted |                                                                                                                                                                                               
                     3.50 |                                                                                                                                                                                                               
                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                             
                      |                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                      
                     | Unused - no gum / heavy hinge remains |                                                                                                                                                                              
                     2.00 |                                                                                                                                                                                                               
                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                             
                      |                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                      
                     | Very Fine Used |                                                                                                                                                                                                     
                     4.00 |                                                                                                                                                                                                               
                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                             
                      |                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                      
                     | Fine Used |                                                                                                                                                                                                          
                     3.00 |                                                                                                                                                                                                               
                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                             
                      |                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                      
                     | Good Commercially Used |                                                                                                                                                                                             
                     2.00 |                                                                                                                                                                                                               
                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                             
                      |                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                      
                     | APR: Availability & Price on Request |                                                                                                                                                                    
                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                   
                |                                                                                                                                                                                                                                       
		                        
                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                              
           $7                                                                                                                                                                                                                                   
		  V197 (SG 48) Perf OS NSW Unused - NO GUM
                                                                                                                                                                                                
                |                                                                                                                                                                                                                                       
		                        
                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                              
           $10                                                                                                                                                                                                                                  
		  V198 (SG 48) Perf OS NSW Fine Used
                                                                                                                                                                                                      
                |                                                                                                                                                                                                                                       
		                        
                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                              
           $50                                                                                                                                                                                                                                  
		  V157 (SG 48 var) Thin Paper, BW 65ac Good Used
                                                                                                                                                                                          
                |                                                                                                                                                                                                                                       
            
                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                      
		                        
                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                              
           $5                                                                                                                                                                                                                                   
		  V309 (SG 48 var) Perf OS NSW Good Used
                                                                                                                                                                                                  
                |                                                                                                                                                                                                                                       
		                        
                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                              
           $45                                                                                                                                                                                                                                  
		  V055 (SG 48a) Thin Fraction Variety Mint - Minor Bend
                                                                                                                                                                                   
                |                                                                                                                                                                                                                                       
		                        
                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                              
           $40                                                                                                                                                                                                                                  
		  V056 (SG 48a) Thin Fraction Variety Mint - Minor Blemishes
                                                                                                                                                                              
                |                                                                                                                                                                                                                                       
		                        
                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                              
           $95                                                                                                                                                                                                                                  
		  V250 (SG 48a) Thin Fraction Variety, in positional blo Mint Lightly Mounted Lower stamps are unmounted mint                                                                                                                             
                |                                                                                                                                                                                                                                       
		                        
                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                              
           $30                                                                                                                                                                                                                                  
		  V158 (SG 48w) Inverted Watermark Unmounted Mint
                                                                                                                                                                                         
                |