great britain from the vestey collection 14031

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GREAT BRITAIN FROM THE VESTEY COLLECTION 25 SEPTEMBER 2014 LONDON 25 SEPTEMBER 2014 LONDON GREAT BRITAIN FROM THE VESTEY COLLECTION SOLD BY ORDER OF THE TRUSTEES

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Great Britain from the Vestey Collection 14031

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Page 1: Great Britain from the Vestey Collection 14031

©Copyrigh

t20

14

GREAT

BRIT

AIN

FROM

THE

VESTEY

COLLECTIO

N

25SEPTEM

BER

2014

LONDON

STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES

69 Southampton Row, Bloomsbury, London WC1B 4ETwww.spink.com

25 SEPTEMBER 2014

LONDON

GREAT BRITAIN

FROM THE VESTEY COLLECTION

SOLD BY ORDER OF THE TRUSTEES

£25

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Page 2: Great Britain from the Vestey Collection 14031

BANKNOTES

21 August The Numismatic Collector’s Series Sale Hong Kong CSS1130 September World Banknotes London 140131/2 October World Banknotes London 1401315/16 October The Numismatic Collector’s Series Sale New York 32121 November The Numismatic Collector’s Series Sale Hong Kong CSS13

SALE CALENDAR 2014

The above sale dates are subject to change

Spink offers the following services:– VALUATIONS FOR INSURANCE AND PROBATE FOR INDIVIDUAL ITEMS OR WHOLE COLLECTIONS –– SALES ON A COMMISSION BASIS EITHER OF INDIVIDUAL PIECES OR WHOLE COLLECTIONS –

STAMPS

20 September Sale of Stamps of Singapore Philatelic Museum Handling Collection Singapore 1403420 September Stamps and Covers of South East Asia including the Peter Cockburn Award Winning

Collection of Straits Settlements and Malayan States Revenue Stamps Singapore 1402625 September Great Britain from the Vestey Collection London 1403111 October The Philatelic Collector’s Series Sale Hong Kong CSS1016 October Australian Commonwealth from the Vestey Collection London 140326/7 November The Philatelic Collector’s Series Sale New York 15020 November Indian Postal Agencies in the Persian Gulf Area, The Alan Parsons Collection Hong Kong 1403726/27 November The Philatelic Collector’s Series Sale London 1402511 December The Leeward Islands, Bahamas and Turks Islands from the Vestey Collection London 14033

COINS

21 August The Numismatic Collector’s Series Sale Hong Kong CSS1122/23 September Ancient, British & Foreign Coins and Commemorative Medals London 1400615/16 October The Numismatic Collector’s Series Sale New York 32121 November The Numismatic Collector’s Series Sale Hong Kong CSS133/4 December Ancient, British & Foreign Coins and Commemorative Medals London 14007

MEDALS

24 July Orders, Decoration, Campaign Medals & Militaria London 1400220 November Orders, Decoration, Campaign Medals & Militaria London 14003

BONDS AND SHARES

21 August The Numismatic Collector’s Series Sale Hong Kong CSS1115/16 October The Numismatic Collector’s Series Sale New York 32121 November The Numismatic Collector’s Series Sale Hong Kong CSS1328 November Bonds and Share Certificates of the World London 14017

AUTOGRAPHS

18 July Postal History, Autographs and Historical Documents London 1403515/16 October The Numismatic Collector’s Series Sale New York 321

WINES

20 August An Evening of Exceptional Wines and Spirits Hong Kong SFW0919 September An Evening of Exceptional Wines and Spirits Hong Kong SFW1020 November An Evening of Exceptional Wines and Spirits Hong Kong SFW11

GROUP CHAIRMAN AND CEO

Olivier D. Stocker

YOUR SPECIALISTS

STAMPS

UK - Tim Hirsch Guy Croton Fernando Martínez David Parsons Nick Startup Neill GrangerPaul Mathews Dominic Savastano Tom Smith Ian Shapiro (Consultant)

USA - George Eveleth Richard DebneyEUROPE - Guido Craveri Fernando Martínez

CHINA - Anna Lee Tommy ChauCOINS

UK - Mike Veissid Richard Bishop Eleanor Charlotte DixTim Robson Edouard Wyngaard Jon Mann Barbara Mears John Pett

USA - Stephen Goldsmith Greg ColeCHINA - Kin Choi Cheung

BANKNOTES, BONDS & SHARES

UK - Barnaby Faull Mike Veissid Andrew Pattison Monica KruberUSA - Stephen GoldsmithEUROPE - Peter Christen

CHINA - Paul Pei Po Chow Kelvin CheungORDERS, DECORATIONS, MEDALS & MILITARIA

UK - Mark Quayle Oliver Pepys John HaywardBOOKS

UK - Philip Skingley Jennifer MulhollandAUTOGRAPHS

USA - Stephen GoldsmithWINES

CHINA - Vincent Cleme Anna Lee Guillaume Willk-Fabia

YOUR EUROPE TEAM (LONDON - LUGANO)

Chairman’s OfficeCharles Blane

DirectorsTim Hirsch Anthony Spink

Auction & Client Management TeamMiroslava Adusei-Poku Edward Rivers Luca Borgo Rita Ariete Dora Szigeti

John Winchcombe María Martínez Maurizio Schenini

FinanceAlison Bennet Marco Fiori Mina Bhagat Dennis Muriu Billy Tumelty Hemel Thakore

IT & AdministrationBerdia Qamarauli Leszek Woronowicz Liz Cones Curlene Spencer

Tom Robinson Cristina Dugoni Giacomo Canzi

YOUR AMERICA TEAM (NEW YORK)

Auction Administration and Marketing & DesignSonia Alves Luke Mitchell Madison Lang

Finance & AdministrationAleena Nieves

AuctioneerStephen Goldsmith

YOUR ASIA TEAM (HONG KONG - SINGAPORE)

Vice ChairmanAnna Lee

AdministrationAngie Ihlofung Newton Tsang Sue Pui Howard Tong Arthur Chan Gary Tan

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Page 3: Great Britain from the Vestey Collection 14031

GREAT BRITAIN FROM THE VESTEY COLLECTIONSOLD BY ORDER OF THE TRUSTEES

front Cover illustration: Lot 3 back Cover illustrations: Lots 35, 229

to purchase a catalogue:

email: [email protected]

tel: +44 (0)20 7563 4005 fax: +44 (0)20 7563 4037

for more information about Spink services, forthcoming

sales and sales results visit the Spink Website

www.spink.com

SALE LOCATION

SPinK London

69 Southampton row, bloomsbury

London WC1b 4et

tel +44 (0)20 7563 4000 fax +44 (0)20 7563 4066

vat no: gb 791627108

YOUR SPINK TEAM FOR THIS SALE

for your queStionS about tHe SaLe LotS

SALE DETAILS

thursday 25 September 2014 at 10.00 a.m.

in sending commission bids or making enquiries,

this sale should be referred to as HOMELAND - 14031

VIEWING OF LOTS

at our stand #122 at Stampex exhibition, the business

design Centre, 52 upper Street, islington, London, n1 0qH

from 17 September to 19 September 2014

SPinK London

69 Southampton row, bloomsbury

London WC1b 4et

Wednesday 24 September 2014 10.00 a.m. - 5.00 p.m.

Please use the qr code to visit our website, view our catalogues and otherpublications and place commission bids. you can download the qr Code reader foriPhone, blackberry and android from app Store on your smartphone.

Neill [email protected]+44 (0)20 7563 4077

Nick [email protected]+44 (0)20 7563 4073

Rita [email protected]+44 (0)20 7563 4005fax +44 (0)20 7563 4037

for your bidS

Billy [email protected]+44 (0)20 7563 4018

for your Payment

John [email protected]

+44 (0)20 7563 4101

for your vat enquirieS

25 September 2014 in London and on

and/or

*Spink is pleased to continue to offer our brand new on-line biddingplatform Spink Live for no charge through www.spink.com. Please notethat bidders who acquire lots on the-saleroom.com will have a fee of 3% onthe hammer price added to their invoice for using this facility. For moreinformation and personal assistance please email [email protected] or please call+44 (0)20 7193 8608 or +44 (0)20 7193 8342.

The Spink Environment Commitment:Paper from Sustainable Forests and Clean InkSpink has a long history of preserving not only collectables but our planet, too. We are proud to ensure thatour policy of sustainability and conservation keeps up with Spink’s growth, helping improve the environmentfor new generations of collectors.

We insist that our printers source all paper used in the production of Spink catalogues from fSC and/or PefCsuppliers and use non-hazardous inks. We also ask they hold the environmental standard iSo 14001.

Spink recycle all ecological material used on our premises and we encourage you to recycle your catalogueonce you have finished with it.

*

Leszek [email protected]+44 (0)20 7563 4090on auction day only:+44 (0)20 7193 8608+44 (0)20 7193 8342

for your internet bidding

PLEASE SEE VIEWINGDETAILS BELOW

VIEW THIS SALE AT

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2

ExtensionsPlease see important changes to our Terms and Conditions for Buyers in regard to Extensions published at the back of this catalogue.Prospective buyers who wish to obtain an expert opinion on any lot (other than a mixed lot or lot containing undescribed stamps)are requested to notify Spink in writing not less than forty-eight hours before the time fixed for the commencement of the firstsession of the sale. If accepted by Spink, such request shall have the same effect as notice of an intention to question thegenuineness or description of the lot for the purposes of Condition 3.4 of our Terms and Conditions for Buyers.Notice of a request for an expert opinion must give the reason why such is required and specify the identity of the expert whichwill be subject to the agreement of Spink. All lots for which Certificates of Authenticity are desired must be submitted by Spinkto the Expert Committee for choice.Buyers are reminded that any lot(s) purchased “on extension” are subject to payment in accordance with our normalTerms & Conditions of Business. Settlement of any lots on extension should be made at the time of invoicepayment. Overdue accounts are subject to interest charges.Extensions requested on account of condition will not be accepted for expert opinions. Any Lot described as having faults ordefects may not be returned should a certificate cite other faults or defects not included in the catalogue description.Should Spink accept a request for an extension under the foregoing provisions of this paragraph, the fact may be stated by theAuctioneer from the rostrum prior to the sale of the lot.It should be noted that any stamp accompanied by a Certificate of Authenticity is sold on the basis of that Certificate only and noton the basis of any other. No request for an extension will be accepted on such a stamp and the return of such a stamp will not beaccepted.

Notes Concerning DescriptionsGUM: Original gum should be expected on unused stamps where appropriate, unless stated otherwise in the description:mint unused with original gum showing slight disturbance caused by previous hinge, which may be present in part

or entirely removedpart original gum unused with original gum significantly disturbed or heavily hingedunmounted mint original gum as issuedunused without gum

COVERS: Should be expected to have minor nicks and tears usually from opening. Folded letters or covers normally have one ortwo file folds. These are not described unless of an exceptional nature and are not grounds for return.entire letter complete as sent with comments still attached to the outer address portionentire the outer portion of a folded letter but without contentscover an envelope

Symbols and Abbreviations

ReferencesCatalogue values and numbers are those taken from the latest available edition.The use of Gibbons Specialised catalogues in Great Britain sales is clearly indicated. Where other catalogues are used they arementioned by name.

unmounted mint unused used+ block of fourB block larger than four used on cover, entire letter, etc. on piecevar. variety, varietiescat. catalogue, catalogue valuec.d.s. circular datestamp

d.s. datestamph.s. handstampA air mailS specimenC cancelledE essayP proofF forgeryR reprint

Buyers are reminded that payment must be made within seven days from the date of sale (condition 5.4.1),and interest will be added for overdue accounts (condition 5.10.1.1).Please note charges for credit card payments (condition 5.4.3(iii)).

Buyers are reminded that if they default on a successful bid that details relating to such defaultmay be shared with other auction houses and live bidding platforms (condition 5.11).

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GREAT BRITAIN

3

September 25, 2014 - London

Note: All buyers must read the notes concerning requests for Extensions printed on page 2 of this catalogue.The Terms of that notice must be complied with fully under all circumstances.

Please note that bidders who acquire lots on the-saleroom.com will have a fee of 3% on the hammer price addedto their invoice for using this facility. Spink is pleased to continue to offer our brand new on-line bidding platform

Spink Live for no charge through www.spink.com.

THURSDAY 25 SEPTEMBER 2014

Commencing at 10.00 a.m.

1840 One Penny Black

Plate XI

1 + DG-EH block of four, good to large margins all round with full original gum; part oldhinge remainder and a couple of vertical gum wrinkles which have caused some tinypatches of gum rubbing. A fresh and appealing block, unusual to find one so fine.A delight to grace even the finest of collections or exhibits. B.P.A. Certificate (2007).Cat. £185,000. Photo £50,000

1

Please note: Prices quoted in this catalogue are starting prices and offers below these will not be accepted.

A MAGNIFICENT BLOCK OF FOUR FROM PLATE XI

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1840 THE “V R” OFFICIAL

2 B PF-QH block of six with large to very large margins all round, full original gum;horizontal creases at top and between horizontal rows. An outstanding block of greatvisual appearance. A stunning exhibition showpiece. B.P.A. Certificate (2007). S.G. V1,cat. £280,000 for a block of four. Photo £80,000

AN EXHIBITION SHOWPIECE

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September 25, 2014 - London

1840 TWO PENCE BLUE

Plate 1

3 AH re-entry, deep full blue, large to very large margins all round, large part original gum.An outstanding stamp exhibiting a brilliant, almost electric, colour. A gem. R.P.S.Certificate (1952) and B.P.A. Certificate (2007). Cat. £45,000. Photo £20,000

3

ONE OF THE FINEST MINT SINGLES EVER OFFERED

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THE LEFT HAND HALF OF “FB”

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Plate 2 - The First Bisect

4 1841 (27 Mar.) entire letter to a solicitor in Beverley bearing the left half of FB tied bytwo strikes of black Maltese Cross, the Hull despatch c.d.s. has been struck across theflaps, but both halves are easily readable on the opened-out cover. The stamp is cut intoat top and bottom with only a small margin on the left side; two vertical filing creases,clear of the adhesive, do not detract from this fresh and very rare cover. The sender wasJoshua H. Hill.Also 1841 (27 Mar.) the right half of the same bisected stamp, again tied by two strikesof black Maltese Cross, on large piece with large part of the Hull despatch c.d.s. showingon the flap; again the stamp is cut into at top and bottom, the side margin is large. Thispiece is believed to have been used locally in Hull.One of the great and charismatic usages of Great Britain and probably the onlyopportunity of acquiring both halves of the Two Pence Bisect. Both items with B.P.A.Certificate (2007). Photo £80,000

PROVENANCE:D.M. Brown, November 1938

In 1936, a solicitor in Hull discovered three bisected 1840 Two Pence Blue stamps in his officecorrespondence. He tore them off the letters and they were later sold at auction in February1937, the pieces bore Hull or Lincoln postmarks. A few years later, a solicitor in Beverleyturned out some old papers and threw into the bin some old stamps on letters. A friend calledround later the same day and reminded him that another solicitor had found some old stampscut in half a few years earlier, so the letters were retrieved and one example was found, thena search among old files produced another. Both entires were postmarked at Hull, the first onMarch 27 1841

THE RIGHT HAND HALF OF “FB”

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1841 ONE PENNY RED-BROWN

Imprimatures Alphabet I

5 P A collection between plates 17 and 131 with 28, 30, 35, 38-49, 55, 61, 67, 70, 73-80,82, 84-92, 97, 98 (2), 99, 101-106, 114-117, 119-120, 122-126, 130. Each is with thetop margin showing part of the marginal inscription, typically good to large margins anddemonstrating the range of shades and the different bluing of the paper associated withthese stamps. A fresh, attractive and appealing lot. (61). Photo £12,000

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7

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September 25, 2014 - London

6 P Plate 121, AC, AD ‘pair’ in very deep red-brown (almost purple-brown), with topmargins showing part of the inscription, large to very large margins. Fresh and attractive.Photo £500

PROVENANCE:‘TES’, October 1995

7 P Plate 128 AG, AH ‘pair’; in a deep, rich red-brown, with top margin showing partinscription, other margins large to very large, blued paper showing the ivory head. Freshand fine. Photo £500

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1852-53 ONE PENNY RED-BROWN

Imprimatures Alphabet II

8 P A collection between plates 132-204 including 133-138 with additional 135-136, 140,142-143, 146-147, 149-154, 159-165, 167-168, 173-174, 178, 181-182, 184,186-189, 192, 195-202; also R3-R5; nearly all are from the A row with top margin.The margins are generally good to very large and show a wide range of shades as well asdifferent bluing of the paper. A very fine lot. (52). Photo £10,000

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10 11

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September 25, 2014 - London

9 P Plate 161, AL corner example in dark red-brown showing plate number and inscription,other margins very large; there is no bluing of the paper; with a typical horizontal creasein the top margin. A very fresh and important positional example. Photo £2,000

PROVENANCE:Earl of CrawfordColonel A.S. Bates, December 1934Red Cross and St. John Fund, May 1943

10 P Plate 180, AB, AC ‘pair’ in a deep, rich red-brown, with top margins showing theinscription, other margins good to very large; only slight bluing of the paper. Fresh andfine. Photo £500

PROVENANCE:‘TES’, October 1995

11 P Plate 185, AC, AD ‘pair’ in a dark red-brown, with top margin showing inscription, othermargins close to very large; heavily blued paper showing a distinctive ivory head. Freshand fine. Photo £400

PROVENANCE:‘TES’, October 1995

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Treasury Roulette

12 1854 (7 Jan.) envelope to Exeter bearing Treasury Roulette, RF, tied by London “40”numeral cancellation, the reverse with Charing Cross despatch and Exeter arrival datedthe same day. Fine and attractive. R.P.S. Certificate (1943). S.G. B2a, £23,000. Photo £5,000

PROVENANCE:Red Cross and St. John Fund, May 1943

A FINE ROULETTE ON COVERLAST OFFERED IN 1943

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13

September 25, 2014 - London

1858-79 ONE PENNY PLATE NUMBERS

Imprimaturs

13 P Between plates 72 to 224, an excellent collection of top margin singles, each with partimprint and demonstrating the subtle change in shade over the series; the margins aregenerally good to large making a fine and appealing group. (95). Photo £18,000

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1880-81

14 1⁄2d. to 5d. set of five with shades of 1⁄2d. and 2d. (2), part to large part original gum; fairto fine. S.G. 164-169, £2035. (8). Photo £500

15 + 1⁄2d. (both shades) to 2d. deep rose in blocks of four, part to large part original gum; one1⁄2d. block with split perfs. and 11⁄2d. block is creased. Good appearance. Photo £600

1881 One Penny Lilac

16 A selection on album pages with 14 dots shades (3), 16 dots including the variety framebroken at bottom (S.G. 173b) in a top margin pair, some control letter singles including“A” without the margin rule; part to large part original gum. (15) £400

SURFACE PRINTED ISSUES

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1883-84 High Values

17 2/6d. lilac, DA, large part original gum; small hinge remainder and gum wrinkle, wellcentred. S.G. 178, £600. Photo £100

18 2/6d. deep lilac, JE, large part original gum; centred a fraction low, rich colour. S.G. 179,£825. Photo £150

19 5/- crimson, AC, large part original gum; centred a little right, minor gum wrinkle. Freshcolour and appearance. S.G. 181, £975. Photo £200

20 5/- crimson, ME, large part original gum; part hinge remainder. Well centred, fresh.Photo £180

21 10/- cobalt, DF, unused and partly regummed; quite a deep colour for this shade. Goodappearance. R.P.S. Certificate (1940) and B.P.A. Certificate (2007) which incorrectlystates that the stamp is partially reperforated, S.G. 182, £40,000. Photo £5,000

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Surface Printed Issues, 1883-84 High Values - contd.

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22 10/- ultramarine, AE, part to large part original gum; part hinge remainder and smallinternal gum wrinkle. Fresh colour. B.P.A. Certificate (2007). S.G. 183, £2250. Photo £500

23 10/- ultramarine, DH, large part original gum; fresh. B.P.A Certificate (2007). Photo £500

1883-84 Lilac and Green Issue

24 1⁄2d. to 1/- set of ten, small part to large part original gum; some values withgum redistribution or sweated, 3d. with a couple of tone spots. Good appearance.S.G. 187-196, £5150+. Photo £800

1887-1900 Jubilee Issue

25 1⁄2d. to 1/- (both) with many shades including 3d. dull purple on orange, 5d. die I,and 1⁄2d. blue-green with inverted watermark in a horizontal pair, part to large partoriginal gum; an attractive group. (41) £800

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27

28 29 30

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September 25, 2014 - London

26 + 1/- dull green in a block of four, large part original gum; small thin top left corner,otherwise a good multiple. S.G. 211, £1200. Photo £250

27 + 1/- green and carmine, a top right corner block of four, mounted in the margin only;folded through the horizontal perfs., good colours, fine and attractive. S.G. 214, £450.Photo £150

28 1/- green and carmine, inverted watermark, large part original gum; part hingeremainder. Fresh. A scarce variety. S.G. K41a, £1900. Photo £600

29 £1 green, NC, large part original gum, lightly mounted; there is a very faint perf. tone atlower left, well centred and rich colour. A fine example of this stamp. B.P.A. Certificate(2007). S.G. 212, £4000. Photo £1,000

30 £1 green, OD, part original gum; several part hinge remainders on the reverse with somegum creases or wrinkling. Good appearance. B.P.A. Certificate (2007). Photo £600

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KING EDWARD VII

1902-10 De la Rue

31 P 1⁄2d. die proof in black on glazed card (92x60mm) dated “22 AUG 01” in blue and stamped“AFTER/HARDENING”; hinge remainders on the reverse, very fresh and fine. Cat. £2500.Photo £1,200

PROVENANCE:Chartwell, December 2011

32 1⁄2d. deep blue-green showing paper fold variety in a top right corner pair, the paper foldhas resulted in one stamp with the upper right corner failing to print and the foldcorrected before the sheet was perforated; lightly mounted mint. A spectacular error.Photo £400

PROVENANCE:Chartwell, December 2011

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34

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September 25, 2014 - London

33 P 11⁄2d. die proof in black on glazed card (92x60mm) without markings; hinge remainderson the reverse, very fresh and fine. Cat. £2800. Photo £1,400

34 P 2d. die proof in black on glazed card (92x60mm) dated in manuscript “27 Dec 01” andstamped “AFTER/HARDENING”; hinge remainders on the reverse, very fresh and fine.Cat. £2800. Photo £1,400

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35 2d. Tyrian plum, the unissued stamp, lightly mounted mint; a few negligible gumwrinkles. A very fine example of this very famous stamp. R.P.S. Certificate (1982).S.G. 266a, £115,000. Photo £50,000

PROVENANCE:George Bloch, June 1995

Although over 100,000 sheets were printed of the 2d. Tyrian plum and delivered to the InlandRevenue, release to the post offices was delayed until the stocks of the bicoloured stamps hadbeen used up. After the death of the King on 6th May 1910 it was decided not to proceed withthis issue. The stock was destroyed apart from a few examples which survived from the officialrecords

A FINE EXAMPLE OF THIS VERY RARE PREPARED FOR USE BUT UNISSUED STAMP

King Edward VII, 1902-10 De la Rue - contd.

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37

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September 25, 2014 - London

36 P 21⁄2d. die proof in black on glazed card (92x60mm) dated in manuscript “7 Sept. 01” andwithout other markings; hinge remainders on the reverse, very fresh and fine. Cat. £2800.Photo £1,400

PROVENANCE:“Pearch”, June 1983

37 P 3d. die proof in black on glazed card (92x60mm) without markings; hinge remainders onthe reverse, very fresh and fine. Cat. £2800. Photo £1,400

PROVENANCE:“Pearch”, June 1983

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38 4d. die proof of the 1909 single plate, in black on glazed card (92x60mm) with bars attop and right and partly uncleared, dated “30 AUG 09” in blue and stamped“BEFORE/HARDENING; hinge remainders on the reverse, very fresh and fine. Endorsed inink on the reverse, “De la Rue Die Proof Guaranteed. E.F. Hunt, 11.11.36. Harpenden”Cat. £2800. Photo £1,400

39 P 5d. head plate die proof in black on glazed card (92x60mm) dated in manuscript “27 Dec.01” and stamped “AFTER/HARDENING”; exceptionally fresh and fine. Cat. £2800. Photo £1,500

PROVENANCE:J.B. Seymour, October 1952

King Edward VII, 1902-10 De la Rue - contd.

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41

23

September 25, 2014 - London

40 P 6d. die proof in black on glazed card (92x60mm) dated “7 SEP 01” in blue and stamped“AFTER/HARDENING”; hinge remainders on the reverse, very fresh and fine. Cat. £2800.Photo £1,400

PROVENANCE:“Pearch”, June 1983

41 + 9d. slate-purple and pale ultramarine, chalky paper, in an upper margin block of four,mounted in the margin only; one very faint tone spot. S.G. M40 (2). Photo £200

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42 P 10d. head frame die proof in black on glazed card (92x60mm) dated “27 NOV. 01” in blueand stamped “BEFORE/HARDENING”; hinge remainders on the reverse, very fresh and fine.Cat. £3000. Photo £1,500

43 10d. slate-purple and carmine, and dull purple and scarlet, both on chalky paper and bothwith variety no cross on crown, large part original gum. S.G. M43 (2)b, (5)b. Photo £300

44 + 10d. dull purple and scarlet on chalky paper, in a top interpanneau margin block of four,mounted in the margin only. Fresh. S.G. M43 (5). Photo £200

King Edward VII, 1902-10 De la Rue - contd.

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45 P 2/6d. die proof in black on glazed card (92x60mm) dated “8 NOV. 01” in blue andstamped “BEFORE/HARDENING”; hinge remainders on the reverse, fresh and fine.Cat. £3250. Photo £1,600

PROVENANCE:“Pearch”, June 1983

46 S 2/6d. lilac overprinted “SPECIMEN” type 16, large part original gum; minor cornerwrinkle. Fresh. S.G. M48t, £380. Photo £120

47 2/6d. shades with ordinary paper lilac and slate-purple plus chalky paper pale dull purple,dull purple and slate-purple, part to large part original gum. (5). Photo £300

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48 P 5/- die proof in black on glazed card (92x60mm) dated “25 NOV. 01” in blue and stamped“BEFORE/HARDENING”; hinge remainders on the reverse, fresh and fine. Cat. £3500.Photo £1,800

49 S 5/- bright carmine overprinted “SPECIMEN” type 16, large part original gum; trivial gumbend. Fresh. S.G M51s, £380. Photo £180

50 5/- bright carmine and deep bright carmine, part to large part original gum; one withpaper hinge reminder on the reverse. S.G. 263-264, £900. Photo £250

King Edward VII, 1902-10 De la Rue - contd.

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51 P 10/- die proof in black on glazed card (92x60mm) without markings; hinge remainderson the reverse, fresh and fine. Cat. £3800. Photo £2,000

52 10/- ultramarine overprinted “SPECIMEN” type 16, large part original gum. Fineappearance. S.G. 265s, £480. Photo £200

53 10/- ultramarine, two shades, part to large part original gum; hinge remainders, one withgum creasing. S.G. 265, £2000. Photo £400

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54 P £1 die proof in black on glazed card (92x60mm) dated “19 DEC. 01” in blue and stamped“AFTER/HARDENING” plus manuscript “AC, 19 Dec 01”; hinge remainders on the reverse,fresh and fine. Cat. £4000. Photo £2,200

PROVENANCE:“Pearch”, June 1983Chartwell, December 2011

55 S £1 dull blue-green overprinted “SPECIMEN” type 16, part to large part original gum; shortcorner perf. and vertical gum wrinkle. S.G. M55s, £1400. Photo £300

56 £1 dull blue-green, large part original gum; quite well centred and generally free from theusual gum wrinkles, a couple of slightly short perfs. S.G. 266, £2000. Photo £500

King Edward VII, 1902-10 De la Rue - contd.

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57 + £1 dull blue-green in a left margin block of four, large part original gum; a couple oftrivial perf. tones at foot, very well centred and with only minor gum wrinkling, mostunusual on a block of this nature. A fine and very desirable block. Exceptional. B.P.A.Certificate (2007). Cat. £10,000. Photo £3,000

AN EXCEPTIONAL BLOCK OF FOUR

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1911 Harrison Perf.14

58 + 4d. bright orange in a block of four, lightly mounted mint with three stamps unmounted.S.G. 278. Photo £250

1911 Harrison Perf.15x14

59 3d. grey on lemon, large part original gum; small hinge remnants and some pencil markson reverse. A good example of this rare shade. R.P.S. Certificate (1961). S.G. 285a,£3250. Photo £1,500

1911-13 Somerset House

60 6d. bright magenta, large part original gum with tiny hinge remainders; well centred,fresh and fine. Pencil guarantee on reverse. A very good example of this elusive shade.R.P.S. Certificate (1972). S.G. 296, £12,500. Photo £6,000

PROVENANCE:Chartwell, December 2011

King Edward VII - contd.

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61 + 9d. deep plum and blue in a corner block of four, unmounted mint; there is a light tonespot in the side margin and a light horizontal gum bend. Fresh and attractive. S.G. 307a,£600. Photo £150

62 + 10d. dull reddish purple and aniline pink in a lower right corner block of four showingthe 1911 date cuts of pane Z, large part original gum with some hinge remainders in themargins; light horizontal crease in the lower margin and a few gum bends and a blackarrow drawn in the lower margin indicating the date cuts. S.G. M44 (5). Photo £250

63 2/6d. dull greyish purple, large part original gum; internal gum wrinkle. S.G. 315, £950.Photo £200

64 2/6d. shades with dull purple, dull reddish purple and pale dull reddish purple, part tolarge part original gum; a couple of gum wrinkles. (3). Photo £200

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65 5/- carmine, large part original gum; fresh and fine. S.G. 318, £425. Photo £120

66 5/- carmine-red and carmine shades, part to large part original gum. S.G. M52 (1-2).Photo £180

67 10/- bright blue, large part original gum; strong colour, a fresh and well centred stampwith brilliant colour. S.G. M54 (1), £1100. Photo £300

68 10/- blue lower right corner stamp showing the date cuts and dot of plate 1b, from theupper pane, large part original gum with hinge remainders. A good positional stamp.S.G. 319. Photo £600

69 10/- deep blue, large part original gum. R.P.S. Certificate (1976). S.G. M54 (3), £1100.Photo £300

King Edward VII, 1911-13 Somerset House - contd.

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70 £1 deep green, large part original gum; horizontal bend; fresh. S.G. 320, £2000. Photo £500

71 £1 deep green in a dark shade, part original gum; hinge remainders and some gumwrinkling. Rich, vibrant colour. S.G. 320, £2000. Photo £500

Collections and Ranges

72 + A selection of low values in blocks of four with 1⁄2d. (5), 1d. (5) including Harrisonperf.15x14, 11⁄2d. (5) including a corner block, 2d. (3), 21⁄2d. (3) including Harrisoncorner block showing 1911 date cut, 3d. (7) including purple on orange (unmounted),4d. green and brown (2), 4d. orange (2), 5d. (3) plus corner pair showing 1912 date cuts(H4d/D5), 6d. (4), 7d. (2) and 1/- (2); generally large part original gum to unmountedmint (including both 1/- blocks). Attractive £1,500

73 A specialised collection of low value shades with 1⁄2d. including Harrison bright green, fineimpression, lightly mounted mint, perf.15x14 (3) and with St. Andrew’s cross (3),1d. rose-carmine, Harrison 1d. aniline rose and perf.15x14 (5), 1d. variety no watermarkin singles (3) and blocks of four (2); 11⁄2d. (12) including Somerset House deep plum anddeep green; 2d. (12) including De la Rue pale greyish green and scarlet-vermilion;21⁄2d. (10); 3d. (12) with better shades; 4d. green and brown (5) and 4d. orange (8)including Harrison perf.14 (2); 5d. (8); 6d. (16) including Dickinson paper (2) andno cross on crown variety; 7d. (5); 9d. (12); 10d. (12) including Somerset House dullreddish purple and scarlet, dull purple and deep scarlet, dull purple and aniline pink plus1/- (11). Generally clean and fine. A very good collection, ideal for further development.(173) £2,000

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KING GEORGE V

Downey Heads

74 Die 1a, Watermark Crown: 1⁄2d. bluish green, control “A 11” single, mounted in themargin only. R.P.S. Certificate (1976). S.G. 323, £400. Photo £120

75 –– 1⁄2d. green variety white blob to right of left “1⁄2”, control singles with imperf. or perf.(2) lower margin, large part original gum; one stamp with gum wrinkles. S.G. N1d, £750.(3). Photo £250

76 –– 1d. rose-pink, with lower margin, unmounted mint. Fine. R.P.S. Certificate (1984).S.G. N7 (6), £200. Photo £60

77 Die 1b, Watermark Crown: 1⁄2d. very deep green, large part original gum. R.P.S.Certificate (1976). S.G. N2 (7), £450. Photo £180

78 –– 1⁄2d. green variety cracked plate (Pl.3 R.20/2) in corner control strips of three, in threevarying shades, large part original gum. S.G. N2c, £900+. (9). Photo £300

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79 P + Die 1b, Watermark Royal Cypher: 1⁄2d. green, imperforate plate proof trial on multiplecypher watermarked paper in a right margin block of four, large part original gum.From plate 8; fresh. Cat. £9600. Photo £2,500

80 B –– 1⁄2d. booklet panes of six in green and deep green shades plus two panes showing varietycracked frame below “PE” (two panes), large part original gum; mixed perfs., fair to fine.(4 panes) £400

81 Die 2, Watermark Crown: 1⁄2d. green, a small group with no cross on crown, broken “E”in “REVENUE” and coil join with a fragment of one of the stamps, large part original gum £100

82 + –– 1d. very deep bright scarlet in a left margin block of four, unmounted mint; a coupleof minor gum bends. A splendid block. S.G. N11 (4), £1100+. Photo £300

PROVENANCE:Sir Gawaine Baillie, October 2004

83 + –– 1d. aniline scarlet in a block of four, one stamp with variety no cross on crown,unmounted mint. R.P.S. Certificate (1972). S.G. N11 (5)b. Photo £500

PROVENANCE:R.C. Alcock, 1974Sir Gawaine Baillie, October 2004

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84 S Die 2, Watermark Royal Cypher: 1⁄2d. green overprinted “SPECIMEN” type 22, fine andlightly mounted. S.G. N5s, £550. Photo £180

85 P –– 1⁄2d. green overprinted “CANCELLED” type 24, large part original gum. S.G. N5t, £300.Photo £100

86 Die 2, Watermark Multiple Royal Cypher: 1⁄2d. green imperforate, large part originalgum; fine. S.G. 346b, £175. Photo £70

87 –– 1⁄2d. green coil join pair in a vertical strip of six, large part original gum; also 1⁄2d. RoyalCypher coil join (top stamp reduced to a fraction). S.G. N6i £100

88 Collection: A specialised collection on leaves which includes die 1a 1⁄2d. and 1d. shades,1d. corner control pair, die 1b with 1⁄2d. bluish green, inverted watermark, control pairsshowing close and wide figures with different perf. types, 1d. shades and corner controlpairs (3); Royal cypher 1⁄2d. (3) and 1d. (4). Die 2 with watermark Crown 1⁄2d. shades withmyrtle-green and bluish green, corner strip without control and corner control pairs (4),1d. with corner control pairs (6) showing different perforations; Royal cypher 1⁄2d.inverted watermark and corner control pairs (6), 1d. no cross on crown and cornercontrol pairs (4); multiple Royal cypher with 1⁄2d. watermark inverted and watermarkreversed in control multiples and corner control pairs of 1⁄2d. (4) and 1d. (2). A clean andattractive collection £600

King George V, Downey Heads - contd.

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1912-24 Watermark Royal Cypher

89 Brass watermark cypher from the dandy roll. Unusual and makes a fine frontispiece. Photo £150

90 S Paper trial of multiple Royal cypher watermarked paper handstamped “SPECIMEN” type 23on gummed paper, a block of nine from the foot of the “sheet”; a couple of gum bends.Photo £150

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91 1⁄2d. very yellow (Cyprus) green, lightly mounted mint; centred a fraction low, which isnormal for this shade. Exceptional colour. A fresh and fine example of this much sought-after shade. B.P.A. Certificate (1956). S.G. 355, £9000. Photo £4,000

PROVENANCE:R.C. Alcock, 1974Sir Gawaine Baillie, October 2004

92 2d. die 1, intense bright orange in a lower left corner control “N 19” pair, lightlymounted mint; a few gum creases and wrinkles and there is a tiny thin in the margin.Shows cut under PE of R.20/1. A fine and rare positional multiple of this scarce anddramatic shade. R.P.S. Certificate (1974). S.G. N19 (9), £2200+. Photo £1,200

PROVENANCE:Sir Gawaine Baillie, October 2004

THE RARE (CYPRUS) GREEN

King George V, 1912-24 Watermark Royal Cypher - contd.

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93 B 21⁄2d. deep bright blue in a corner control “G 15” block of six, large part original gum;a couple of light gum bends. Fine and a striking control block. Photo £700

PROVENANCE:Sir Gawaine Baillie, October 2004

94 21⁄2d. Royal blue, lower margin control “O 20” single, unmounted mint; light gum bends.Showing the half dot in margin of plate 9b. Copy of R.P.S. Certificate (1974) for a stripof three. S.G. N21 (16), £425. Photo £200

PROVENANCE:Sir Gawaine Baillie, October 2004

95 21⁄2d. dull Prussian blue, large part original gum. B.P.A. Certificate (1980). S.G. 373a,£1000. Photo £350

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96 1/- deep bronze-brown, unmounted mint with right margin, missing tail to “R” in thewatermark with pencil note in the margin. A fine example of this dramatic shade. R.P.S.Certificate (1977). S.G. N32 (10), £1200+. Photo £500

PROVENANCE:Sir Gawaine Baillie, October 2004

97 1⁄2d. to 1/-, less 9d. green, variety inverted watermark, lightly mounted or unmountedmint; the 10d. is fresh and fine. A scarce and desirable set. Photo £1,000

98 A specialised collection of shades on leaves which includes 1⁄2d. olive-green, blue-greenand cobalt-green shades; 1d. deep carmine-red, pink, scarlet-vermilion, orange-vermilionand deep orange-vermilion; 11⁄2d. deep chocolate-brown, brown and pale brown;2d. brown-orange; 21⁄2d. shades; 3d. very pale violet, very deep violet; 4d. deep slate-green; 5d. ochre-brown and bistre-brown; 6d. slate-purple; 9d. very deep agate; 9d. greenshades (3); 1/- fawn-brown. Generally good to fine, large part original gum to lightlymounted. (130) £1,000

1913 Watermark Multiple Royal Cypher

99 1⁄2d. green shades (2) and 1d. red shades (2) large part original gum to lightly mountedmint; one 1d. with slightly clipped perfs. S.G. 397-398, £750. Photo £150

King George V, 1912-24 Watermark Royal Cypher - contd.

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1913 Waterlow Seahorses

100 P Die Proof; Stage 4 in sepia-brown on card (100x74mm), the colour of the 2/6d. Fineand rare. Photo £20,000

In stage 4, all of the circle in the upper margins are complete except the first, further shadingto Britannia and the first horse, though the hoof is still incomplete

PROVENANCE:H. Shaida, April 1993Chartwell, May 2012

101 P Die Proof; Stage 4 in carmine-lake on card (100x74mm), the colour of the 5/-, withmanuscript notation “9.13.12” in pencil. Rare. Photo £20,000

PROVENANCE:H. Shaida, April 1993Chartwell, May 2012

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102 P Die Proof; Stage 4 in indigo on card (100x74mm), the colour of the 10/-. Rare. Photo £20,000

PROVENANCE:H. Shaida, April 1993Chartwell, May 2012

103 P Die Proof; Stage 4 in dark green on card (100x74mm), the colour of the £1. Rare. Photo £20,000

PROVENANCE:H. Shaida, April 1993Chartwell, May 2012

King George V, 1913 Waterlow Seahorses - contd.

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104 S 2/6d. sepia-brown overprinted “SPECIMEN” type 26, exceptionally lightly mounted;well centered with good perfs. A fresh and stunning example. S.G. N63s, £600. Photo £150

105 2/6d. deep sepia-brown, large part original gum; lightly mounted. Well centred withgood perfs. R.P.S. Certificate (1977). S.G. 399, £350. Photo £120

106 2/6d. deep sepia-brown, large part original gum; hinge remainder, a couple of slightlyshort perfs. at left, well centred. Photo £100

107 + 2/6d. deep sepia-brown block of four, lightly mounted; well centred and goodperforations, fresh and attractive. S.G. 399, £1400+. Photo £500

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108 2/6d. sepia-brown, re-entry (R.2/1) large part original gum; centred right, good perfs.S.G. 400a, £1800. Photo £350

109 2/6d. sepia-brown, large part original gum. Fresh. S.G. 400, £280. Photo £80

110 2/6d. sepia-brown, re-entry (R.2/1) lightly mounted, well centred and good perfs.R.P.S. Certificate (1979). S.G. 400a, £1800. Photo £400

111 2/6d. very deep sepia-brown (Vandyke brown), lightly mounted mint; very well centredwith choice perfs. A stunning example of this distinctive shade. S.G. N63 (1), £2000.Photo £800

PROVENANCE:“Alford”, June 1991

112 2/6d. very deep sepia-brown (Vandyke brown), lightly mounted mint; well centred andgood perfs. Fine and attractive. Photo £600

PROVENANCE:“Alford”, June 1991

King George V, 1913 Waterlow Seahorses - contd.

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113 5/- rose-carmine, lightly mounted mint; well centred and good perfs., a very fine exampleof this stamp. S.G. 401, £625. Photo £180

114 5/- rose-carmine, large part original gum; good centring, fair perfs. and a couple of minorgum wrinkles. Fresh. S.G. 401, £625. Photo £150

115 5/- rose-carmine, large part original gum; well centred and rich colour. S.G. 401, £625.Photo £150

116 5/- rose-carmine in a lower left corner pair, lightly mounted mint; centred a fractionright, choice perfs. A fine and desirable positional multiple. S.G. 401, £1250. Photo £400

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117 5/- pale rose-carmine, large part original gum; centred left, very good perfs. Fresh andfine. S.G. N66 (2), £600. Photo £180

118 5/- pale rose-carmine, a top margin horizontal pair with central cross, unmounted mint;good centring and perfs. Fine. Cat. £2600. Photo £800

119 5/- carmine-red, large part original gum; a couple of internal gum bends, very wellcentred and good perfs. Attractive. S.G. N66 (3), £700. Photo £200

King George V, 1913 Waterlow Seahorses - contd.

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123 124

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120 10/- indigo-blue, large part original gum; well centred and choice perfs. in a deep shade.A stamp of magnificent appearance. S.G. 402, £1200. Photo £400

121 10/- indigo-blue, large part original gum; well centred and good perfs., part hingeremainder, attractive. S.G. 402, £1200. Photo £400

122 10/- indigo-blue, large part original gum; well centred and good perfs., part hingeremainder. S.G. 402, £1200. Photo £400

123 10/- indigo, large part original gum; well centred and good perfs. S.G. N69 (2), £1100.Photo £350

124 10/- indigo, large part original gum; a fraction off centre, good perfs. S.G. N69 (2),£1100. Photo £300

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125 £1 green, large part original gum; small hinge remnant, well centred and fresh. Richcolour. S.G. 403, £3500. Photo £1,200

126 £1 green in a yellowish shade, large part original gum; small hinge remnant and internalgum wrinkle, well centred and fresh showing great visual appeal. S.G. 403, £3500. Photo £1,200

127 £1 deep green, large part original gum; fairly well centred and good perfs. A very goodexample of this shade. S.G. N72 (2), £3500. Photo £1,200

128 £1 deep green, large part original gum; vertical gum crease and centred a little left, goodperfs. R.P.S. Certificate (1979). Photo £800

King George V, 1913 Waterlow Seahorses - contd.

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131

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129 £1 dull blue-green with right margin, mint; centred a fraction left, good perfs. Fresh andattractive. S.G. 404, £3500. Photo £1,200

130 £1 dull blue-green, large part original gum; a few light gum bends or wrinkles and centreda little left. S.G. 404, £3500. Photo £800

131 + £1 dull blue-green in a right margin block of four, mounted mint with one stampunmounted; centered a little left with good perfs. all round. An attractive and desirableblock. B.P.A. Certificate (2007) incorrectly as green and suggests that the gum is a littletoned, though this may be considered as rather harsh. Cat. £14,000 as singles. Photo £5,000

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1915 De la Rue Seahorses

132 P 2/6d. imperforate colour trial in grey-brown, a vertical pair on gummed paper, lightlymounted; minor gum wrinkle. Fine. Cat. £1800. Photo £500

133 2/6d. grey-brown, large part original gum; good centring and perfs. Attractive. S.G. N64(3), £375. Photo £120

134 2/6d. grey-brown, large part original gum; centred a little right. S.G. 407, £375. Photo £100

135 2/6d. grey-brown from a ‘worn plate printing’, lightly mounted mint; well centred andgood perforations. S.G. N64 (3). Photo £100

King George V - contd.

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136 2/6d. deep yellow-brown, mint; very well centred and with good perfs., a fine exampleof this shade. S.G. 405, £375. Photo £120

137 2/6d. deep yellow-brown, mint; centred a fraction right. Good perfs. and fresh colour.S.G. 405, £375. Photo £100

138 2/6d. deep yellow-brown, mint; a fraction off-centre, rich colour and fresh. S.G. 405,£375. Photo £100

139 2/6d. yellow-brown, a deeper shade, lightly mounted mint; good centring and perfs.A fresh and fine example of this intermediate shade. Photo £100

140 2/6d. yellow-brown, a deeper shade, lightly mounted mint; good centring and perfs.A fresh and fine example of this intermediate shade. Photo £100

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141 2/6d. yellow-brown, mint; centred a fraction left, very good perfs. Fine. S.G. 406, £325.Photo £100

142 2/6d. yellow-brown, mint; good centring and perfs., very slight gum ageing. Freshappearance. Photo £80

143 2/6d. yellow-brown, watermark inverted, lightly mounted mint; good centring andperfs. A very fine example of this variety. S.G. N64 (6)f, £850. Photo £300

144 2/6d. yellow-brown in a top right corner pair, lightly mounted in the margin only,well centred and with very good perforations. A fine and attractive pair with great appeal.Cat. £1100. Photo £400

King George V, 1915 De la Rue Seahorses - contd.

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145 2/6d. pale yellow-brown, mint; trivial gum bend, a little off centre, very good perfs.,fresh. S.G. N64 (7), £300. Photo £100

146 2/6d. bright yellow-brown, large part original gum; very well centred with goodperforations all round. Fine and attractive. S.G. N64 (8), £300. Photo £120

147 2/6d. bright yellow-brown, large part original gum; a little off centre and a few slightlyirregular perforations. Strong colour. Photo £80

148 + 2/6d. bright yellow-brown in a block of four, lightly mounted mint with twounmounted; a few small gum bends, very well centred with good perforations all round.A fresh and very attractive multiple of stunning appearance. Cat. £1800. Photo £800

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150 2/6d. cinnamon-brown, mint; well centred and good perforations. Fresh and fine.R.P.S. Certificate (1991). S.G. N64 (9), £2000. Photo £800

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149 + 2/6d. bright yellow-brown in a lower left corner block of four, lightly mounted mint;superb centring and perforations, gum bend in the corner margin. A very fine anddesirable positional block. R.P.S. Certificate (1988). Photo £800

King George V, 1915 De la Rue Seahorses - contd.

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151 + 2/6d. cinnamon-brown in a block of four, lightly mounted mint or unmounted mint,well centred and good perforations. From the foot of the sheet and showing portions ofthe watermark letters. A very desirable and rare block of this shade. R.P.S. Certificate(1991). Photo £4,000

PROVENANCE:Hassan Shaida, April 1993

A STUNNING CINNAMON-BROWN BLOCK

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152 2/6d. dark brown from the ‘worn plate printing’, large part original gum; small gumdisturbance, very good centring and perforations. S.G. N64 (4), £350. Photo £100

153 2/6d. very deep brown, lightly mounted mint, well centred and good perforations. A verygood example of this distinctive shade. R.P.S. Certificate (1982). S.G. N64 (11), £1700.Photo £500

PROVENANCE:“Alford”, June 1991

154 + 2/6d. very deep brown, variety inverted watermark in a right margin block of four,clearly showing the inverted watermark in the margin, lightly mounted mint, the lowerpair unmounted; well centred with good perforations all round. A spectacular andimportant block of this error. S.G. N64 (11)f, £10,900. Photo £4,000

WATERMARK INVERTED

King George V, 1915 De la Rue Seahorses - contd.

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155 2/6d. sepia (seal brown), lightly mounted mint; well centred and with good perforations.A fresh and handsome example. S.G. 408, £325. Photo £120

156 2/6d. sepia (seal brown) mint; well centred and good perforations, some light gumageing. S.G. 408, £325. Photo £100

157 2/6d. sepia (seal brown) variety watermark inverted, lightly mounted mint. A fresh andattractive example of this error. S.G. 408wi, £1200. Photo £500

158 2/6d. blackish brown, mint; a good example, typical light gum ageing. S.G. N64 (14),£1200. Photo £400

159 2/6d. blackish brown with right sheet margin, mint; good perforations, a fractionoff-centre and very light gum ageing. R.P.S. Certificate (1985). Photo £400

160 2/6d, a small group of shades, generally in the paler colours, part to large part originalgum, some imperfections. (4) £200

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161 5/- bright carmine, lightly mounted mint, well centred and good perforations. Richcolour and a delightful example of this deeper shade. S.G. 409, £650. Photo £250

162 5/- bright carmine, mint; centred a little high and right. Fresh and strong colour.S.G. 409, £650. Photo £180

163 5/- carmine, large part original gum; well centred and with good perforations all round.A fine and attractive example of this intermediate shade. S.G. N67 (2), £500. Photo £200

164 5/- carmine, large part original gum; reasonable centring and good perfs, a couple of gumbends. Fresh colour. Photo £180

165 5/- carmine, large part original gum; centred a little low, good perforations. Fresh and ina very rich shade. Photo £180

King George V, 1915 De la Rue Seahorses - contd.

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166 5/- pale carmine, large part original gum; centred a fraction left, choice perforations.Fine. S.G. 410, £600. Photo £220

167 5/- pale carmine, large part original gum; good centring and perforations, small gumdisturbances. Fresh and in a distinctly pale shade. S.G. 410, £600. Photo £200

168 10/- blue, large part original gum; centred a fraction right, good perforations, there is agum crease which has wrinkled the paper. Fresh and bright colour. S.G. 412, £3200.Photo £800

169 10/- blue, mint; well centred, a couple of slightly irregular perforations, horizontal gumbend. Deep, vibrant colour. Most appealing. S.G. 412, £3200. Photo £800

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170 10/- deep blue, large part original gum; good centring. S.G. 411, £3750. Photo £1,200

171 10/- deep blue, large part original gum; centred slightly right. Rich colour. S.G. 411,£3750. Photo £1,200

172 10/- deep blue, large part original gum; a few irregular perforations and a lightly bentcorner perforation. S.G. 411, £3750. Photo £1,000

173 10/- deep blue (worn plate), large part original gum; fair centring and perforations, someminor gum redistribution. S.G. N70 (8), £3750. Photo £900

174 10/- deep blue (worn plate), large part original gum; centred a little left, gum wrinkle.Good appearance. Photo £900

175 10/- pale blue, large part original gum; good and distinctive colour and perforations.S.G. 413, £3500. Photo £1,000

King George V, 1915 De la Rue Seahorses - contd.

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176 10/- deep (intense) bright blue, large part original gum; well centred. Rich colour and anattractive example of this appealing shade. S.G. N70 (5), £6000. Photo £2,000

177 10/- bright (Cambridge) blue, mint; centred high and right, good perforations. Freshcolour. S.G. N70 (3), £7000. Photo £2,500

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1918-19 Bradbury, Wilkinson Seahorses

178 S 2/6d. pale brown handstamped “SPECIMEN” type 31 in violet, with full original gum;good centring. R.P.S. Certificate (1989). S.G. N65 (5)z, £1200. Photo £400

179 + 2/6d. olive-brown in a block of four, large part original gum; very well centred and withchoice perforations, a couple of stained patches at foot which are evident from the front.S.G. 413a. Photo £250

King George V - contd.

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180 + 2/6d. reddish brown in a top left corner block of four, large part original gum, lighthorizontal gum bend, well centred. An appealing block. S.G. 415. Photo £400

181 2/6d. in a group of five different shades, large part original gum to mint; generally wellcentred and good to very fine. (5) £250

182 2/6d. in a small group showing some variety in shades, large part original gum; generallygood to fine. (5) £200

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183 S 5/- rose-red handstamped “SPECIMEN” type 31 in black, with full original gum; a coupleof gum wrinkles, good perforations. Fresh. R.P.S. Certificate (1989). S.G. N68u, £1100.Photo £400

184 5/- rose-carmine in a deep shade, mint; well centred and good perforations. A delightfulstamp. S.G. N68 (1), £280. Photo £140

185 5/- rose-carmine in a deep shade, mint; good perforations, light gum wrinkle. Freshcolour. Photo £120

186 5/- rose-carmine in a deep shade, large part original gum; well centred and goodperforations. Fresh and attractive. Photo £120

187 5/- rose-carmine, lightly mounted mint; well centred and good perforations. A fine andappealing stamp with rich colour. Photo £140

King George V, 1918-19 Bradbury, Wilkinson Seahorses - contd.

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188 5/- rose-carmine, lightly mounted mint; very well centred and good perforations. Freshand attractive. Photo £140

189 5/- rose-carmine on ribbed paper, an example from the top left corner, large part originalgum; well centred and good perforations. Delightful. S.G. N68 (1) a, £750. Photo £300

190 5/- pale rose-carmine, mint; well centred and good perforations, minor gum bend.Fresh. S.G. N68 (2), £350. Photo £140

191 5/- rose-red, mint; good perforations all round. A fresh and very attractive stamp.S.G. 416, £325. Photo £140

192 5/- rose-red, mint; good perforations, minor gum bend. Fresh and attractive.S.G. 416, £325. Photo £120

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193 S 10/- dull grey-blue handstamped “SPECIMEN” type 31 in black, with full original gum;some light gum ageing. R.P.S. Certificate (1989). S.G. N71u, £1200. Photo £400

194 10/- dull blue, lightly mounted mint; well centred. Fresh and fine. S.G. N71 (1), £375.Photo £150

195 10/- dull blue, mint; good perforations, light gum bend. Fresh in a deep, rich shade.Photo £120

196 10/- dull grey-blue, mint; good perforations. Fine. S.G. 417, £475. Photo £150

King George V, 1918-19 Bradbury, Wilkinson Seahorses - contd.

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197 10/- dull grey-blue, large part original gum; good perforations. S.G. 417, £475. Photo £150

198 10/- blackish blue (steel blue), large part original gum; good perforations all round andfairly well centred, gum creases. B.P.A. Certificate (1991). S.G. N71 (3), £1100. Photo £400

199 10/- blackish blue (steel blue), large part original gum; lightly mounted and goodperforations, some light gum ageing. R.P.S. Certificate (1988). S.G. N71 (3), £1100.Photo £350

200 10/- in a range of shades from blue to grey-blue, large part original gum to mint; a fewminor imperfections. (3). Photo £300

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1924-26 Watermark Block Cypher

201 11⁄2d. red-brown variety tête-bêche pair, large part original gum; fresh. S.G. 420a, £500.Photo £150

202 + 11⁄2d. red-brown variety tête-bêche pair with gutter margin, in a block of four, mint.S.G. N35aa, £1100. Photo £400

203 B 11⁄2d. red-brown booklet pane with two printed labels, Cable via Imperial and Air Mails,unmounted mint; good perforations and perforated through the margin. S.G. NB15P (3) £80

204 10d. turquoise-blue, watermark inverted, unmounted mint. S.G. N44a, £3750. Photo £1,000

205 A specialised collection on leaves, apparently with all shades, sideways watermark set to2d. and inverted watermark to 9d. and 1/- and a few additional multiples; generallylightly mounted or unmounted. A very good lot £600

King George V - contd.

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1929 Postal Union Congress

206 21⁄2d. blue inverted watermark, unmounted mint. S.G. NCom8a, £3750. Photo £1,000

1934-36 Photogravure

207 A specialised collection on leaves with the set to 1/- showing the different low values,some shades, watermark sideways to 2d., inverted to 11⁄2d. and 11⁄2d. booklet pane withtwo printed labels, also the set in blocks of four, many control blocks and some duplicatesincluding 1/- corner control block of six. A good lot with some unmounted mint £180

1934 Re-engraved Seahorses

208 2/6d. (both shades) to 10/-, large part original gum; rich colours. S.G. 450-452, £685.Photo £250

209 2/6d. (both shades) to 10/-, large part original gum. S.G. 450-452, £685. Photo £250

210 2/6d. to 10/-, set of three, large part original gum. Cat. £575. Photo £200

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1935 Silver Jubilee

211 + 21⁄2d. Prussian blue in a left margin block of four showing part of the margin arrow, largepart original gum, the lower two stamps are unmounted mint; light vertical crease in themargin. A rare and highly desirable multiple of this very popular stamp. Very few multiplesstill exist today. B.P.A. Certificate (2007). S.G. 456a, £62,000+. Photo £28,000

It has now been demonstrated that the Prussian blue is not a colour trial, but a genuine errorof colour. Four sheets printed in this incorrect shade were issued in error by the Post OfficeStores Department on 25 June 1935. It is known that three of these sheets were sold from thesub-office in Upper Edmonton, North London, up to 4th July

THE RARE “PRUSSIAN” BLUE ERROR OF COLOUR

King George V - contd.

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Commemoratives

212 A collection on leaves with 1924-25 Wembley sets, 1929 P.U.C. to £1, 1935 SilverJubilee with some of the different types, corner control blocks of six, 3/- booklet plusK.E.VIII. Photo £300

KING GEORGE VI

1939-48

213 + 10/- dark blue, in a lower right corner block of six, including variety scratch onscroll (R. 4/6), mounted on the variety and in the margin (just catching one stamp).S.G. 478ac, cat £1650+ £350

214 A mint collection on leaves in singles and blocks of four including 1937-47 watermarksideways and inverted (singles only), a few booklet panes including 11⁄2d. with two printedlabels (cyl. G57), 2d. corner block with paper fold variety, 1939-48 set in singles andblocks of four, 1948 Silver Wedding and 1951 Festival high values in singles and blocksof four; some duplicates. Some are mounted but most unmounted mint £800

POSTAGE DUES

215 A collection on leaves with 1914-22 set to both 1/-, 1924 1d. corner control “C25” stripof three, 1937-38 set to 2/6d. plus 2/6d. in a corner control “D38” block of four;large part original gum to lightly mounted mint. (32) £220

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OFFICIALS

Inland Revenue

216 S 1880-81 1d. lilac and 6d. grey handstamped “SPECIMEN” type 9, large part original gum.S.G. O3s, O5s, £588. Photo £180

217 –– 1⁄2d., 1d. (2 shades) and 6d. set of three, part to large part original gum. S.G. O1-3.Photo £180

218 –– 1d. lilac. overprint in blue-black, mint. S.G. O3a, £275. Photo £100

219 1884-88 1⁄2d. slate-blue and 21⁄2d. lilac, part to large part original gum. S.G. O5-6, £610.Photo £150

220 –– 5/- rose, NF, unused without gum; some light paper wrinkling. R.P.S. Certificate(1944), B.P.A. Certificate (2007). S.G. O9, £9500. Photo £1,200

PROVENANCE:Red Cross and St. John Fund Sale, October 1944

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221 S 1887-92 1⁄2d., 21⁄2d. and 1/- handstamped “SPECIMEN” type 9, large part original gum.Fresh. S.G. O13s, O14s, O16s, £500. Photo £180

222 –– 1⁄2d., 21⁄2d. and 1/- large part original gum. 1/- with B.P.A. Certificate (1990).S.G. O13-15, £1125. Photo £300

223 –– 1⁄2d. imperforate with overprint double, large part original gum. A fine example ofthis scarce stamp. B.P.A. Certificate (2007). S.G. O13c, £6500. Photo £2,800

PROVENANCE:Red Cross and St. John Sale, December 1941

224 –– £1 green, ND, part original gum; some gum redistribution which has been used tocover a small thin patch. B.P.A. Certificate, pink (2007). S.G. O16, £12,250. Photo £2,000

PROVENANCE:Red Cross and St. John Sale, December 1941

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225 1887-1900 1⁄2d. blue-green and 6d. purple on rose-red, large part original gum.S.G. O17-18, £500. Photo £150

226 1902-04 1⁄2d., 1d. and 21⁄2d., large part original gum; 21⁄2d. with variety broken “O”.Fresh. 21⁄2d. B.P.A. Certificate (2012). S.G. O20-22, £1054. Photo £300

227 –– 1/- dull green and carmine, fresh and fine mint. An appealing example of this scarcestamp. B.P.A. Certificate (2012). S.G. O24, £3750. Photo £1,800

PROVENANCE:Chartwell, December 2011

Officials, Inland Revenue - contd.

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228 –– 5/- bright carmine, large part original gum; light creasing and some minor soiling.B.P.A. Certificates (1934 and 2007). S.G. O25, £45,000. Photo £5,000

229 –– £1 dull blue-green, large part original gum; light gum crease across top right corner.A very fresh and attractive example of this rarity. Outstanding appearance.B.P.A. Certificate (1934 and 2012). S.G. O27, £62,500. Photo £20,000

PROVENANCE:Chartwell, December 2011

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Office of Works

230 1896-1902 1⁄2d. vermilion, large part original gum. B.P.A. Certificate (1984). S.G. O31,£325. Photo £100

231 1902-03 1⁄2d. blue-green, large part original gum. B.P.A. Certificate (1985). S.G. O36,£575. Photo £150

232 –– 1⁄2d. blue-green and 1d. scarlet, large part original gum; 1d. is especially fresh.1d. B.P.A. Certificate (1986). S.G. O36-37, £1150. Photo £250

233 –– 2d. yellowish green and carmine-red, large part original gum; part hinge remainder,a few ink speckles at lower right and light horizontal crease at top. B.P.A. Certificate(2007). S.G. O38, £2000. Photo £400

234 –– 21⁄2d. ultramarine, showing breaks in the letters “F I”, large part original gum; a veryfresh and appealing example of this stamp. B.P.A. Certificate (1985). S.G. O39, £3400.Photo £800

Officials - contd.

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Army Official

235 + 1896-1901 6d. purple on rose-red in a block of four, lightly mounted mint. Fresh.S.G. O45, £440. Photo £200

236 1902-03 6d. pale dull purple with the wide, “forme 4” overprint, large part original gum.A. fresh and attractive example of this scarce later printing. B.P.A. Certificate (2012).S.G. O52, £3000. Photo £1,200

237 A mint collection on leaves with some duplication, including 1896-1907 1⁄2d. vermilion“OFFICIAI” variety, short foot “L”, 1d. lilac with “OFFICIAI” variety (blunt corner) andshort letter varieties, 6d. (2); 1902-03 including 1d. large “F” variety and block of four,6d. (5); generally good to fine. (31) £500

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Government Parcels

238 1883-86 11⁄2d. lilac, HK, large part original gum. S.G. O61, £400. Photo £100

239 –– 6d. dull green, BN, part original gum; centred a fraction left. A good example of thisdifficult stamp. B.P.A. Certificate (1989). S.G. O62, £3200. Photo £800

240 –– 1/- orange-brown, KJ, lightly mounted mint; a very fresh and a very fine example ofthis scarce value. B.P.A. Certificate (1985). S.G. O64, £1650. Photo £600

241 S 1887-97 11⁄2d., 2d., 41⁄2d., 6d., 9d. and 1/- dull green handstamped “SPECIMEN” type 9;part to large part original gum; fresh colours, attractive. Photo £500

242 1887-90 11⁄2d., 9d. and 1/- dull green, part to large part original gum; 1/- with freshcolour. 9d. and 1/- B.P.A. Certificates (1984). S.G. O65, 67-68, £1220. Photo £350

243 –– 9d. dull purple and blue, large part original gum; minor gum bend, fresh colours andattractive. S.G. O67, £395. Photo £120

Officials - contd.

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244 1891-1900 1d. to 1/- set of four, part to large part original gum; 1d. horizontal crease,fresh colours. 2d. to 1/- B.P.A. Certificates (1980-84). S.G. O69-72, £1340. Photo £400

245 –– 2d. grey-green and carmine, part to large part original gum; fresh colours. S.G. O70,£240 £80

246 1902 6d. pale dull purple, part to large part original gum. S.G. O76, £275. Photo £80

247 –– 9d. dull purple and ultramarine, lightly mounted mint; fresh and fine. B.P.A.Certificate (1985). S.G. O77, £650. Photo £200

248 –– 1/- dull green and carmine, large part original gum; fresh colours. B.P.A. Certificate(1985). S.G. O78, £1350. Photo £400

Board of Education

249 1902-04 1⁄2d. and 1d., large part original gum; fresh and fine. S.G. O83-84, £360. Photo £100

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Admiralty

253 1903 1⁄2d. to 3d. set of six, part to large part original gum; 11⁄2d. with some gumredistribution. A good set. 2d., 21⁄2d. and 3d. B.P.A. Certificates (1985). S.G. O101-106,£1625. Photo £400

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Royal Household

250 1902 1⁄2d. blue-green and 1d. scarlet, large part original gum. Fresh. S.G. O91-92, £700.Photo £250

251 –– 1⁄2d. blue-green and 1d. scarlet in horizontal and vertical pairs respectively, large partoriginal gum. Fresh. Cat. £1400+. Photo £500

252 + –– 1⁄2d. blue-green and 1d. scarlet in blocks of four, 1⁄2d. with left margin, 1⁄2d. very lightlymounted and 1d. unmounted mint. Fresh and scarce blocks. S.G. O91-92, £3800. Photo £1,200

Officials - contd.

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254 1903-04 11⁄2d. dull purple and green, with left sheet margin, very lightly mounted in themargin only, the stamp is unmounted. Fine and desirable. Also 1⁄2d. (2). S.G. O109,£1200. Photo £500

PROVENANCE:Chartwell, December 2011

255 –– 2d. yellowish green and carmine, part original gum; some hinge remainders.B.P.A. Certificate (2007). S.G. O110, £2700. Photo £800

256 –– 21⁄2d. ultramarine, lightly mounted mint; fresh, bright colour. Fine. S.G. O111, £2900.Photo £1,000

257 –– 3d. dull purple on orange-yellow, with right sheet margin, very lightly mounted mint.A fine and exceptional example of this difficult stamp. B.P.A. Certificate (2012).S.G. O112, £2600. Photo £800

PROVENANCE:Chartwell, December 2011

GODDEN DE LUXE ALBUMS

258 A set of ten albums in maroon, tooled on the spine “GREAT/BRITAIN” and numbered “1”to “10”; fine £1,000

END OF THE SALE

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teL. Home ______________________________________________ teL. offiCe ____________________________________________

fax ____________________________________________________ e-maiL ________________________________________________

Signature _______________________________________________ vat number ___________________________________________

Please indicate the type of card: viSa viSa debit maSterCard SWitCH ameriCan exPreSS

PAYMENT MADE BY MASTERCARD OR VISA ARE SUBJECT TO A 2% SURCHARGE AND AMERICAN EXPRESS 4%

Card no: Start date: iSSue no: SeCurity Code:

Signature exPiry date name (on Credit Card)

Please charge all purchases to my card

do not charge my card. i will arrange to send payment. (Spink will only charge your card should you default on the payment terms agreed)

Please hold my purchased lots for collectionContinued ...

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SaLe titLe date Code name SaLe no.

Great Britain Thursday 25 September 2014 HOMELAND 14031from the Vestey Collection at 10.00 a.m.

i request Spink, without legal obligations of any kind on its part, to bid on the following Lots up to the price given below. i understand that if my bid is successful thePurchase Price will be the sum of the final bid and buyer’s premium as a percentage of the final bid, any vat chargeable, also a fee for bidding on the-saleroom.com onlyand surcharge for paying by credit card. the rate of Premium is 20% of the final hammer price of each lot. i understand Spink will pursue me for payment for any successfulbid. in addition, i understand and consent that Spink may share my personal details relating to the default with other auction houses and live bidding platforms to protectthemselves from such defaults.

all bids shall be treated as offers made on the terms and Conditions for buyers printed in the catalogue. i also understand that Spink provides the service of executingbids on behalf of clients for the convenience of clients and that Spink will not be held responsible for failing to execute bids. if identical commission bids are received forthe same Lot, the commission bid received first by Spink will take precedence. Please note that you will not be notified if there are higher written bids received.

BIDDERS PLEASE NOTE OUR EXTENSION CLAUSES IN OUR TERMS AND CONDITIONS FOR BUYERSPLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING

Lot number(in numerical order)

Price bid £(excluding buyer’s Premium)

Lot number(in numerical order)

Price bid £(excluding buyer’s Premium)

Lot number(in numerical order)

Price bid £(excluding buyer’s Premium)

25 SEPTEMBER 2014

LONDON

GREAT BRITAIN

FROM THE VESTEY COLLECTION

SOLD BY ORDER OF THE TRUSTEES

69 Southampton Row, Bloomsbury,London WC1B 4ETtel: +44 (0)20 7563 4005fax: +44 (0)20 7563 4037email: [email protected]

YOU CAN ALSO BID IN REAL TIME ON SPINK LIVE.JUST VISIT WWW.SPINK.COM, REGISTER AND LOG

INTO THE SALE.

WRITTEN BIDS FORM

this form should be sent or faxed to theSpink auction office in advance of the sale.references for new clients should besupplied in good time to be taken upbefore the sale. bids received later thanone hour before the start of the sale maynot be processed.

name ______________________________________________________

addreSS ____________________________________________________

____________________________________________________________

____________________________________________________________

PoStCode ___________________________________________________

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PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING

REFERENCES REQUIRED FOR CLIENTS NOT YET KNOWN TO SPINK

trade referenCeS ________________________________________________________________________________________

banK referenCeS ____________________________________________________________________________________________________

Lot number(in numerical order)

Price bid £(excluding buyer’s Premium)

Lot number(in numerical order)

Price bid £(excluding buyer’s Premium)

Lot number(in numerical order)

Price bid £(excluding buyer’s Premium)

date SaLe no.

Thursday 25 September 2014 14031at 10.00 a.m.

VAT is chargeable on the Hammer price andthe buyer’s premium of daggered (†) and (Ω)lots at the standard rate (currently 20%), andon lots marked (x) at the reduced rate(currently 5% on the Hammer price and 20%on the buyer’s premium). vat on marginScheme lots (identified by the absence of anyvat symbol next to the lot number) ispayable at 20% on the buyer’s premium only.

BIDDING INCREMENTSbidding generally opens below the low estimate and advances in the following orderalthough the auctioneer may vary the bidding increments during the course of theauction. the normal bidding increments are:up to £100 by £5£100 to £300 by £10£300 to £600 £320-£350-£380-£400 etc.£600 to £1,000 by £50

£1,000 to £3,000 by £100£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc.£6,000 to £20,000 by £500

£20,000 and up auctioneer’s discretion

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TERMS AND CONDITIONS FOR BUYERSThese conditions set out the terms on which we (Spink and Son Limited of 69 Southampton Row, Bloomsbury London WC1B 4ET (company no. 04369748)) contractwith you (Buyer) either as agent on behalf of the Seller or as principal if we are the Seller. You should read these conditions carefully.

July/14

1 DEFINITIONSThe following definitions apply in these conditions:Auctioneers’ Margin Scheme means a VAT margin scheme as defined by HM Revenue & Customs;Buyer’s Premium means the charge payable by you as a percentage of the Hammer Price, at the rates set out in clause 5.1 below;Certificate of Authenticity means a certificate issued by an Expert Committee confirming the authenticity of a Lot;Expert Committee means a committee of experts to whom a Lot may be sent for an extension in accordance with clause 3.4.3;Forgery means a Lot constituting an imitation originally conceived and executed as a whole with a fraudulent intention to deceive as to

authorship, origin, age, period, culture or source where the correct description as to such matters is not reflected by the descriptionin the catalogue and which at the date of the auction had a value materially less than it would have had if it had been in accordancewith the description in the catalogue. Accordingly, no Lot shall be capable of being a Forgery by reason of any damage and/orrestoration work of any kind (including re-enamelling);

Hammer Price means the amount of the highest bid accepted by the auctioneer in relation to a Lot;Lot means any item deposited with us for sale at auction and, in particular, the item or items described against any Lot number in any

catalogue;Reserve the amount below which we agree with the Seller that the Lot cannot be sold;Seller means the owner of the Lot being sold by us;Spink Group Spink and Son Limited, our subsidiaries and associated companies.VAT value added tax chargeable under VAT and any similar replacement or additional tax; andVAT Symbols means the symbols detailing the VAT status of the Lot details of which are set out at the back of the catalogue.

2 SPINK’S ROLE AS AGENT

2.1 All sales undertaken by us either at auction or privately are undertakeneither as agent on behalf of the Seller or from time to time, as principalif we are the owner of the Lot. Please note that even if we are acting asagent on behalf of the Seller rather than as principal, we may have afinancial interest in the Lot.

2.2 The contract for the sale of the Lot will be between you and the Seller.

3 BEFORE THE SALE3.1 Examination of goods

You are strongly advised to examine personally any goods in which youare interested, before the auction takes place. Condition reports areusually available on request. We provide no guarantee to you otherthan in relation to Forgeries, as set out in clause 5.13 of these Termsand Conditions.

3.2 Catalogue descriptions3.2.1 Statements by us in the catalogue or condition report, or made

orally or in writing elsewhere, regarding the authorship, origin,date, age, size, medium, attribution, genuineness, provenance,condition or estimated selling price of any Lot are merelystatements of opinion, and are not to be relied on as statements ofdefinitive fact. Catalogue and web illustrations are for guidanceonly, and should not be relied on either to determine the tone orcolour of any item. No lot shall be rejected on the grounds ofinaccurate reproduction. No lot illustrated in the catalogue andonline shall be rejected on the grounds of cancellation, centring,margins, perforation or other characteristics apparent from theillustration. Estimates of the selling price should not be relied on asa statement that this price is either the price at which the Lot willsell or its value for any other purpose.

3.2.2 Many items are of an age or nature which precludes their beingin perfect condition and some descriptions in the catalogue or givenby way of condition report make reference to damage and/orrestoration. We provide this information for guidance only and theabsence of such a reference does not imply that an item is free fromdefects or restoration nor does a reference to particular defectsimply the absence of any others.

3.2.3 Other than as set out in clause 5.13, and in the absence of fraud,neither the Seller nor we, nor any of our employees or agents, areresponsible for the correctness of any statement as to theauthorship, origin, date, age, attribution, genuineness orprovenance of any Lot nor for any other errors of description or forany faults or defects in any Lot. Every person interested shouldexercise and rely on his own judgment as to such matters.

3.3 Your ResponsibilityYou are responsible for satisfying yourself as to the condition of thegoods and the matters referred to in the catalogue description.

3.4 Extensions – Stamps only3.4.1 If you wish to obtain an expert opinion or Certificate of

Authenticity on any Lot (other than a mixed Lot or Lot containingundescribed stamps) you must notify us in writing not less thanforty-eight hours before the time fixed for the commencement ofthe first session of the sale. If accepted by us, such request shall havethe same effect as notice of an intention to question thegenuineness or description of the Lot for the purposes of clause5.13 (Refund in the case of Forgery) of these Terms andConditions and the provisions of clause 5.13 (Refund in the case ofForgery) shall apply accordingly.

3.4.2 Notice of a request for an expert opinion or Certificate ofAuthenticity must give the reason why such opinion is required andspecify the identity of your proposed expert which will be subjectto agreement by us. We reserve the right, at our discretion, torefuse a request for an expert opinion or Certificate of Authenticityincluding (without limitation) where the proposed expert is notknown to us.

3.4.3 If we accept a request for an expert opinion or Certificate ofAuthenticity we will submit the Lot to the Expert Committee. Youacknowledge and accept that the length of time taken by an ExpertCommittee to reach an opinion will vary depending on thecircumstances and in any event is beyond our control.

3.4.4 We will not accept a request for an extension on account ofcondition. Any Lot described in the catalogue as having faults ordefects may not be returned even if an expert opinion or Certificateof Authenticity cites other faults or defects not included in thecatalogue description, other than in the case of a Forgery.

3.4.5 Should Spink accept a request for an extension under theforegoing provisions of this paragraph, the fact may be stated by theAuctioneer from the rostrum prior to the sale of the Lot.

3.4.6 It should be noted that any stamp accompanied by a Certificateof Authenticity is sold on the basis of that Certificate only and noton the basis of any other description or warranty as to authenticity.No request for an extension will be accepted on such a stamp andthe return of such a stamp will not be accepted.

3.4.7 If you receive any correspondence from the Expert Committeein relation to the Lot, including but not limited to a Certificate ofAuthenticity, you must provide us with copies of suchcorrespondence no later than 7 days after you receive suchcorrespondence.

4 AT THE SALE4.1 Refusal of admission

Our sales usually take place on our own premises or premises overwhich we have control for the sale, and we have the right, exercisableat our complete discretion, to refuse admission to the premises orattendance at an auction.

4.2 Registration before biddingYou must complete and sign a registration form and provideidentification before making a bid at auction. Please be aware that weusually require buyers to undergo a credit check.If you have not bid successfully with Spink in the past, or you areregistering with us for the first time, we reserve the right to require adeposit of up to 50% of the amount you intend to spend. Such depositwill be deducted from your invoice should you be successful. If you areunsuccessful at auction, your deposit will be returned by the samemeans it was paid to Spink.Some lots may be designated, prior to the auction, as “Premium Lots”,which means a deposit may be required before placing a bid on theitem for sale. Information will be posted on our website in such anevent.

4.3 Bidding as PrincipalWhen making a bid (whether such bids are made in person or byway of telephone bids operated by Spink, commission or online oremail bids), you will be deemed to be acting as principal and will beaccepting personal liability, unless it has been agreed in writing, at thetime of registration, that you are acting as agent on behalf of a thirdparty buyer acceptable to us.

4.4 Commission BidsIf you give us instructions to bid on your behalf, by using the formprovided in our catalogues or via our website, we shall use reasonableendeavours to do so, provided these instructions are received not laterthan 24 hours before the auction. If we receive commission bids on aparticular Lot for identical amounts, and at auction these bids are thehighest bids for the Lot, it will be sold to the person whose bid wasreceived first. Commission bids are undertaken subject to othercommitments at the time of the sale, and the conduct of the auctionmay be such that we are unable to bid as requested. Since this isundertaken as a free service to prospective buyers on the terms stated,we cannot accept liability for failure to make a commission bid. Youshould therefore always attend personally if you wish to be certain ofbidding.

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4.5 On-line BiddingWe offer internet services as a convenience to our clients. We will notbe responsible for errors or failures to execute bids placed on theinternet, including, without limitation, errors or failures caused by (i) aloss of internet connection by either party for whatever reason; (ii) abreakdown or problems with the online bidding software and/or (iii)a breakdown or problems with your internet connection, computer orsystem. Execution of on-line internet bids on www.spink.com andSpink Live is a free service undertaken subject to other commitments atthe time of the auction and we do not accept liability for failing toexecute an online internet bid or for errors or omissions in connectionwith this activity. Buyers who acquire lots on the-saleroom.com willhave a fee of 3% on the hammer price added to their invoice for usingthis facility.

4.6 Telephone BidsIf you make arrangements with us not less than 24 hours before thesale, we shall use reasonable endeavours to contact you to enable youto participate in bidding by telephone, but in no circumstances will webe liable to either the Seller or you as a result of failure to do so.

4.7 Currency ConverterAt some auctions, a currency converter will be operated, based on theone month forward rates of exchange quoted to us by Barclays BankPlc or any other appropriate rate determined by us, at opening on thedate of the auction. Bidding will take place in a currency determined byus, which is usually sterling for auctions held in London. The currencyconverter is not always reliable, and errors may occur beyond ourcontrol either in the accuracy of the Lot number displayed on theconverter, or the foreign currency equivalent of sterling bids. We shallnot be liable to you for any loss suffered as a result of you following thecurrency converter.

4.8 Video imagesAt some auctions there will be a video screen. Mistakes may occur in itsoperation, and we cannot be liable to you regarding either thecorrespondence of the image to the Lot being sold or the quality of theimage as a reproduction of the original.

4.9 Bidding IncrementsBidding generally opens below the low estimate and advances in thefollowing order although the auctioneer may vary the biddingincrements during the course of the auction. The normal biddingincrements are:

Up to £100 by £5£100 to £300 by £10£300 to £600 £320-£350-£380-£400 etc.£600 to £1,000 by £50£1,000 to £3,000 by £100£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc.£6,000 to £20,000 by £500£20,000 and up Auctioneer’s discretion

4.10 Bidding by Spink4.10.1 We reserve the right to bid on Lots on the Seller’s behalf up to

the amount of the Reserve (if any), which will never be above thelow estimate printed in the auction catalogue.

4.10.2 The Spink Group reserves the right to bid on and purchaseLots as principal.

4.11 The Auctioneer’s DiscretionThe auctioneer has the right at his absolute discretion to refuse any bidto advance the bidding in such manner as he may decide to withdrawor divide any Lot, to combine any two or more Lots and, in the case oferror or dispute, to put an item up for bidding again.

4.12 Successful BidSubject to the auctioneer’s discretion, the striking of his hammer marksthe acceptance of the highest bid, provided always that such bid ishigher than the Reserve (where applicable), and the conclusion of acontract for sale between you and the Seller.

4.13 After Sale ArrangementsIf you enter into any private sale agreements for any Lot with the Sellerwithin 60 days of the auction, we, as exclusive agents of the Sellerreserve the right to charge you the applicable Buyer’s Premium inaccordance with these Terms and Conditions, and the Seller acommission in accordance with the terms of the Seller’s agreement.

4.14 Return of LotOnce your bid has been accepted for a Lot then you are liable to payfor that Lot in accordance with these Terms and Conditions. If thereare any problems with a Lot then you must notify us within 7 days ofreceipt of the Lot, specifying the nature of the problem. We may thenrequest that the Lot is returned to us for inspection. Save as set out inclause 5.13, the cancellation of the sale of any Lot and the refund ofthe corresponding purchase price is entirely at our sole discretion. Wewill not normally exercise that discretion if the Lot is not received byus in the same condition that it was in at the auction date.

5 AFTER THE AUCTION5.1 Buyer’s Premium and other charges

In addition to the Hammer Price, you must pay us the Buyer’sPremium at a rate of 20% of the final Hammer price of each lot, a feeof 3% on the hammer price total for using the-saleroom.com and asurcharge for paying by credit card.

5.2 Value Added TaxOther than in respect of Zero-rated Lots (o) VAT is chargeable on theHammer price and the Buyer’s premium of daggered (†) and (Ω) lotsat the standard rate (currently 20%), and on lots marked (x) at thereduced rate (currently 5% on the Hammer price and 20% on theBuyer’s premium). VAT on Margin scheme lots (identified by theabsence of any VAT symbol next to the lot number) is payable at 20%on the Buyer’s premium only.

5.3 VAT RefundsGeneral5.3.1 As we remain liable to account for VAT on all Lots unless they

have been exported outside the EU within 3 months of the date ofsale, you will generally be asked to deposit all amounts of VATinvoiced. However, if a Spink nominated shipper is instructed, thenany refundable VAT will not be collected. In all other cases creditswill be made when proof of export is provided. If you export theLot yourself you must obtain shipping documents from theShipping Department for which a charge of £50 will be made.

5.3.2 If you export the Lot you must return the valid proof of exportcertificate to us within 3 months of the date of sale. If you fail toreturn the proof of export certificate to us within such period andyou have not already accounted to us for the VAT, you will beliable to us for the full amount of the VAT due on such Lot and weshall be entitled to invoice you for this sum.

5.3.3 To apply for a refund of any VAT paid, the proof of exportcertificate must be sent to our Shipping Department clearly marked‘VAT Refund’ within 3 months of the date of sale. No payment willbe made where the total amount of VAT refundable is less than £50and Spink will charge £50 for each refund processed.

VAT Refunds - Buyers from within the EU5.3.4 VAT refunds are available on the Hammer Price and Buyer’s

Premium of Daggered (†) and Investment Gold (g) Lots. You mustcertify that you are registered for VAT in another EU country andthat the Lot is to be removed from the United Kingdom within 3months of the date of sale.

5.3.5 Where an EU buyer purchases a Lot on which import VAT hasbeen charged, no refund of VAT is available from us. It may bepossible to apply directly for a refund on form VAT 65 toHM Revenue & Customs Overeseas Repayment Section,Londonderry.

VAT Refunds – Buyers from outside the EU5.3.6 Where a Lot is included within the Auctioneers’ Margin Scheme

and evidence of export from the EU is produced within 3 monthsof the date of sale, the VAT on Buyer’s Premium may be refunded.

5.3.7 Where the Lot is marked as a Daggered (†) or Investment Gold(g) Lot the VAT charged on the Hammer Price may be refundedwhere evidence of export from the EU is produced within 3months of the date of sale. A refund of VAT charged on the Buyer’sPremium can also be made on receipt of proof of business as acollectibles dealer.

5.3.8 Where the Lot is marked as an Omega (Ω) Lot or an ImportVAT (x) Lot and evidence of export from the EU is producedwithin 3 months of the date of sale, the VAT charged on both theHammer Price and Buyer’s Premium may be refunded. Whererequired, we can advise you on how to export such Lots as a specificform of export evidence is required. Where we advise you on theexport of the Lots, please be aware that the ultimate responsibilityin respect of obtaining a valid proof of export certificate will lie withyou and we will not be responsible for your failure to obtain suchcertificate.

5.4 Payment5.4.1 You must provide us with your full name and permanent address

and, if so requested, details of the bank from which any paymentsto us will be made. You must pay the full amount due (comprisingthe Hammer Price, the Buyer’s Premium and any applicable VAT)within seven days after the date of the sale. This applies even if youwish to export the Lot and an export licence is (or may be)required.

5.4.2 You will not acquire title to the Lot until all amounts duehave been paid in full. This includes instances where specialarrangements were made for release of Lot prior to full settlement.

5.4.3 Payment should be made in sterling by one of the followingmethods:II(i) Direct bank transfer to our account details of which are set

out on the invoice. All bank charges shall be met by you.Please ensure that your client number is noted on thetransfer.

i(ii) By cheque or bank draft made payable to Spink and Son Ltdand sent to Spink at 69 Southampton Row, Bloomsbury,London WC1B 4ET. Please note that the processing chargesfor payments made by cheques or bank drafts drawn on anon-U.K bank shall be met by you. Please ensure that theremittance slip printed at the bottom of the invoice isenclosed with your payment.

(iii) By Visa or Mastercard. A charge of 2% will be applied.Payments exceeding £5,000 can normally only be made bythe card holder in person whilst on our premises.

5.4.4 Payments should be made by the registered buyer and not bythird parties, unless it has been agreed at the time of registrationthat you are acting as an agent on behalf of a third party.

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5.5 InvoicesInvoices may consist of one or more pages and will show: Zero ratedLots (o); no symbol Lots sold under the Auctioneers’ Margin Scheme;Lots marked (g) special scheme Investment Gold; Daggered Lots (†),imported Lots marked (x) and (Ω), (e) Lots with Zero rated hammerfor EU VAT registered buyers.

5.6 Collection of Purchases5.6.1 Unless specifically agreed to the contrary, we shall retain lots

purchased until all amounts due to us, or to the Spink Group, havebeen paid in full. Buyers will be required to pay for their lots whenthey wish to take possession of the same, which must be within 7days of the date of the sale, unless prior arrangements have beenmade with Spink. Without prior agreement, lots will not be releaseduntil cleared funds are received with regard to payments made bycheque.

5.6.2 Unless we notify you to the contrary, items retained by us willbe covered in accordance with our policy which is available forinspection at our offices from the date of sale for a period of sevendays or until the time of collection, whichever is sooner. After sevendays or from the time of collection, whichever is the earlier, the Lotwill be entirely at your risk.

5.6.3 Our policy will not cover and we are unable to acceptresponsibility for damage caused by woodworm, changes inatmospheric conditions or acts of terrorism.

5.7 NotificationWe are not able to notify successful bidders by telephone. WhileInvoices are sent out by mail after the auction we do not acceptresponsibility for notifying you of the result of your bid. You arerequested to contact us by telephone or in person as soon as possibleafter the auction to obtain details of the outcome of your bids to avoidincurring charges for late payment.

5.8 Packing and handling5.8.1 We shall use all reasonable endeavours to take care when

handling and packing a purchased Lot but remind you that afterseven days or from the time of collection, whichever is sooner, theLot is entirely at your risk. Our postage charges are set out at theback of the catalogue.

5.8.2 It is the responsibility of the Buyer to be aware of any ImportDuties that may be incurred upon importation to the finaldestination. Spink will not accept return of any package in order toavoid these duties. The onus is also on the Buyer to be aware of anyCustoms import restrictions that prohibit the importation ofcertain collectibles. Spink will not accept return of the Lot(s) underthese circumstances. Spink will not accept responsibility for Lot(s)seized or destroyed by Customs.

5.8.3 If the Buyer requires delivery of the Lot to an address other thanthe invoice address this will be carried out at the discretion ofSpink.

5.9 Recommended packers and shippersIf required our shipping department may arrange shipment as youragent. Although we may suggest carriers if specifically requested, oursuggestions are made on the basis of our general experience of suchparties in the past and we are not responsible to any person to whomwe have made a recommendation for the acts or omissions of the thirdparties concerned.

5.10 Remedies for non-payment or failure to collect purchases5.10.1 If you fail to make payment within seven days of your stipulated

payment date set out in your invoice, we shall be entitled to exerciseone or more of the following rights or remedies:5.10.1.1 to charge interest at the rate of 2% per month compound

interest, calculated on a daily basis, from the date the fullamount is due;

5.10.1.2 to set off against any amounts which the Spink Group mayowe you in any other transaction the outstanding amountremaining unpaid by you;

5.10.1.3 we may keep hold of all or some of your Lots or otherproperty in the possession of the Spink Group until you havepaid all the amounts you owe us or the Spink Group, even if theunpaid amounts do not relate to those Lots or other property.Following fourteen days’ notice to you of the amountoutstanding and remaining unpaid, the Spink Group shall havethe right to arrange the sale of such Lots or other property. Weshall apply the proceeds in discharge of the amount outstandingto us or the Spink Group, and pay any balance to you;

5.10.1.4 where several amounts are owed by you to the SpinkGroup in respect of different transactions, to apply any amountpaid to discharge any amount owed in respect of any particulartransaction, whether or not you so direct;

5.10.1.5 to reject at any future auction any bids made by you or onyour behalf or obtain a deposit from you before accepting anybids.

5.10.2 If you fail to make payment within thirty-five days, we shall inaddition be entitled:

5.10.2.1 to cancel the sale of the Lot or any other item sold to youat the same or any other auction;

5.10.2.2 to arrange a resale of the Lot, publicly or privately, and, ifthis results in a lower price being obtained, claim the balancefrom you together with all reasonable costs including a 20%seller’s commission, expenses, damages, legal fees, commissionsand premiums of whatever kind associated with both sales orotherwise, incurred in connection with your failure to makepayment;

5.10.2.3 when reselling the Lot, place a notice in our cataloguestating that you successfully purchased the Lot at auction buthave subsequently failed to pay the Hammer Price of the Lot; or

5.10.2.4 take any other appropriate action as we deem fit.5.10.3 If you fail to collect within fourteen days after the sale, whether

or not payment has been made, you will be required5.10.3.1 to pay a storage charge of £2 per item per day plus any

additional handling cost that may apply.5.10.3.2 you will not be entitled to collect the Lot until all

outstanding charges are met, together with payment of all otheramounts due to us.

5.11 Uses of default informationIf you fail to make payment for a Lot in accordance with these Terms andConditions:5.11.1 We reserve the right to refuse you the right to make bids for any

future auction irrespective of whether previous defaults havebeen settled; and

5.11.2 You consent to us disclosing details of such default to otherauctioneers and live bidding platforms, which will include yourname, address, nature of the default and the date of the default.

Auctioneers or live bidding platforms who receive details of the defaultmay rely on such information when deciding whether to enter into atransaction with you in the future.

5.12 Export Licence5.12.1 If required we can, at our discretion, advise you on the detailed

provisions of the export licensing regulations. Where we advise youin relation to export licensing regulations the ultimate responsibilityin respect of any export will lie with you and we will not beresponsible for your failure to apply for any necessary licences.

5.12.2 If the Lot is going to be hand carried by you, you may berequired to produce a valid export licence to us or sign a waiverdocument stating that a licence will be applied for.

5.12.3 You should always check whether an export licence is requiredbefore exporting. Export licences are usually obtained within twoor three weeks but delays can occur.

5.12.4 Unless otherwise agreed by us in writing, the fact that you wishto apply for an export licence does not affect your obligation tomake payment within seven days nor our right to charge interest onlate payment.

5.12.5 If you request that we apply for an export licence on yourbehalf, we shall be entitled to recover from you our disbursementsand out of pocket expenses in relation to such application, togetherwith any relevant VAT.

5.12.6 We will not be obliged to rescind a sale nor to refund anyinterest or other expenses incurred by you where payment is madeby you despite the fact that an export licence is required.

5.13 Refund in the case of Forgery5.13.1 A sale will be cancelled, and the amount paid refunded to you

if a Lot (other than a miscellaneous item not described in thecatalogue) sold by us proves to have been a Forgery. We shall nothowever be obliged to refund any amounts if either (a) thecatalogue description or saleroom notice at the auction datecorresponded to the generally accepted opinion of scholars orexperts at that time, or fairly indicated that there was a conflict ofopinions, or (b) it can be demonstrated that the Lot is a Forgeryonly by means of either a scientific process not generally acceptedfor use until after publication of the catalogue or a process which atthe date of the auction was unreasonably expensive or impracticableor likely to have caused damage to the Lot. Furthermore, youshould note that this refund can be obtained only if the followingconditions are met:5.13.1.1 you must notify us in writing, within seven days of the

receipt of the Lot(s), that in your view the Lot concerned is aForgery;

5.13.1.2 you must then return the item to us within fourteen daysfrom receipt of the Lot(s), in the same condition as at theauction date; and

5.13.1.3 as soon as possible following return of the Lot, you mustproduce evidence satisfactory to us that the Lot is a Forgery andthat you are able to transfer good title to us, free from any thirdparty claims.

5.13.1.4 you must provide to us all evidence obtained by you thata Lot is a Forgery no later than 7 days after you receive suchevidence.

5.13.2 In no circumstances shall we be required to pay you any morethan the amount paid by you for the Lot concerned and you shallhave no claim for interest.

5.13.3 The benefit of this guarantee is not capable of beingtransferred, and is solely for the benefit of the person to whom theoriginal invoice was made out by us in respect of the Lot when soldand who, since the sale, has remained the owner of the Lot withoutdisposing of any interest in it to any third party.

5.13.4 We shall be entitled to rely on any scientific or other process toestablish that the Lot is not a Forgery, whether or not such processwas used or in use at the date of the auction.

6 LIABILITYNothing in these Terms and Conditions limits or excludes our liability for:6.1 death or personal injury resulting from negligence; or6.2 any damage or liability incurred by you as a result of our fraud or

fraudulent misrepresentation.

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July/14

7 USE OF YOUR PERSONAL INFORMATION7.1 We will use the personal information you provide to us to:

7.1.1 process the bids you make on Lots (whether successful orotherwise) and other auction related services we provide;

7.1.2 process your payment relating to a successful purchase of a Lot;7.1.3 arrange for delivery of any Lot you purchase, which will include

passing your details to shipping providers and, on overseasdeliveries, to customs where they make enquiries regarding the Lot;

7.1.4 inform you about similar products or services that we provide,but you may stop receiving these at any time by contacting us.

7.2 In accordance with clause 4.2, you agree that we may pass yourinformation to credit reference agencies and that they may keep a recordof any search that they do.

7.3 In accordance with clause 5.11, you agree that where you default onmaking payment for a Lot in accordance with these terms and conditionswe may disclose details of such default to other auctioneers and livebidding platforms.

7.4 We are also working closely with third parties (including, for example,other auctioneers and live bidding platforms) and may receiveinformation about you from them.

8 COPYRIGHT8.1 We shall have the right (on a non-exclusive basis) to photograph, video

or otherwise produce an image of the Lot. All rights in such an imagewill belong to us, and we shall have the right to use it in whatever waywe see fit.

8.2 The copyright in all images, illustrations and written material relatingto a Lot is and shall remain at all times our property and we shall havethe right to use it in whatever way we see fit. You shall not use or allowanyone else to use such images, illustrations or written material withoutour prior written consent.

9 VATYou shall give us all relevant information about your VAT status and that ofthe Lot to ensure that the correct information is printed in the catalogues.Once printed, the information cannot be changed. If we incur any unforeseencost or expense as a result of the information being incorrect, you willreimburse to us on demand the full amount incurred.

10 NOTICESAll notices given under these Terms and Conditions may be served personally,sent by 1st class post, or faxed to the address given to the sender by the otherparty. Any notice sent by post will be deemed to have been received on thesecond working day after posting or, if the addressee is overseas, on the fifthworking day after posting. Any notice sent by fax or served personally will bedeemed to be delivered on the first working day following despatch.

11 ADDITIONAL PROVISIONSThe following provisions of this clause 10 shall apply only if you are acting forthe purposes of your business.11.1 Limitation of Liability

Subject to clause 6, we shall not be liable, whether in tort (includingfor negligence) or breach of statutory duty, contract, misrepresentationor otherwise for any:11.1.1 loss of profits, loss of business, depletion of goodwill and/or

similar losses, loss of anticipated savings, loss of goods, loss ofcontract, loss of use, loss of corruption of data or information; or

11.1.2 any special, indirect, consequential or pure economic loss,costs, damages, charges or expenses.

11.2 SeverabilityIf any part of these Terms and Condition is found by any court to beinvalid, illegal or unenforceable, that part may be discounted and therest of the conditions shall continue to be valid and enforceable to thefullest extent permitted by law.

11.3 Force majeureWe shall have no liability to you if we are prevented from, or delayedin performing, our obligations under these Terms and Conditions orfrom carrying on our business by acts, events, omissions or accidentsbeyond our reasonable control, including (without limitation) strikes,lock-outs or other industrial disputes (whether involving our workforceor the workforce of any other party), failure of a utility service ortransport network, act of God, war, riot, civil commotion, maliciousdamage, compliance with any law or governmental order, rule,regulation or direction, accident, breakdown of plant or machinery,fire, flood, storm or default of suppliers or subcontractors.

11.4 Waiver11.4.1 A waiver of any right under these Terms and Conditions is only

effective if it is in writing and it applies only to the circumstancesfor which it is given. No failure or delay by a party in exercising anyright or remedy under these Terms and Conditions or by law shallconstitute a waiver of that (or any other) right or remedy, norpreclude or restrict its further exercise. No single or partial exerciseof such right or remedy shall preclude or restrict the further exerciseof that (or any other) right or remedy.

11.4.2 Unless specifically provided otherwise, rights arising underthese Terms and Conditions are cumulative and do not excluderights provided by law.

11.5 Law and Jurisdiction11.5.1 These Terms and Conditions and any dispute or claim arising

out of or in connection with them or their subject matter, shall begoverned by, and construed in accordance with, the law of Englandand Wales.

11.5.2 The parties irrevocably agree that the courts of England andWales shall have exclusive jurisdiction to settle any dispute orclaim that arises out of, or in connection with, Terms andConditions or their subject matter.

Postal ChargesPrices for books(items sent by this method are not covered by insurance)

Prices for all other items including postage and packaging

Shipments of more than 2kg or volumetric measurement of more than 2kg have tobe sent by courier. Certain countries may incur extra charge when courier servicesare required by our insurance policy. For lots sent by courier please [email protected] for calculation of any further relevant cost in addition tothe above charges.

Value Added Tax (VAT)

Charging of (VAT) at AuctionThe information shown on this page sets out the way in which Spink intends toaccount for VAT.

i. Auctioneers’ Margin Scheme1. Where possible, we will offer Lots for sale under the Auctioneers’

Margin Scheme. Such Lots can be identified by the absence of anyVAT symbol next to the Lot number in the catalogue and will not besubject to VAT on the Hammer Price.

2. Where Lots are sold using the Auctioneers’ Margin Scheme to UKVAT–registered businesses, the VAT on Buyers’ Premium is notrecoverable as input tax. Upon request on sale day, we will issueinvoices that show VAT separately on both the Hammer Price andthe Buyer’s Premium. This will enable VAT-registered businesses torecover the VAT charged as input tax, subject to the normal rules forrecovering input tax.

ii. Zero-Rated LotsLimited Categories of goods, such as books, are Zero-rated (o) for VAT inthe United Kingdom. Such Lots are offered under the Auctioneers’ MarginScheme. In these circumstances no VAT will be added to the Buyer’spremium.

iii. Daggered LotsLots which are Daggered (†) in the catalogue are subject to VAT at 20%on both the Hammer Price and the Buyer’s Premium.

iv. Imported and Omega LotsLots which are marked (x) in the catalogue are subject to VAT at 5% onthe Hammer price plus 20% on the Buyer’s premium. Lots which bear theOmega symbol (Ω) are subject to VAT at 20% on the Hammer Price andon the Buyer’s Premium. This VAT is payable on items imported fromoutside the EU. In these cases we have used a temporary importationprocedure, which in effect means that the point of importation is deferreduntil the Lot has been sold. At this point the Buyer is treated as theimporter and is liable to pay the import VAT due. We will collect the VATfrom you and pay it to HM Customs and Excise on your behalf.

v. Investment Gold LotsLots marked (g) in the catalogue are exempt from VAT on the HammerPrice and are subject to VAT at 20% on the Buyer’s Premium. A refund ofVAT charged on the Buyer’s Premium can also be made on receipt of proofof business as a collectibles dealer outside of the EU.

Invoice Value UK EU Rest of the WorldUp to £1,500 £10 £15 £20

Up to £10,000 £20 £30 £40

Above £10,001 £20 £50 £60

Weight UK EU Rest of the WorldUp to 1kg £8 for any weight £12 £15

Up to 2kg £8 for any weight £18 £25

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BANKNOTES

21 August The Numismatic Collector’s Series Sale Hong Kong CSS1130 September World Banknotes London 140131/2 October World Banknotes London 1401315/16 October The Numismatic Collector’s Series Sale New York 32121 November The Numismatic Collector’s Series Sale Hong Kong CSS13

SALE CALENDAR 2014

The above sale dates are subject to change

Spink offers the following services:– VALUATIONS FOR INSURANCE AND PROBATE FOR INDIVIDUAL ITEMS OR WHOLE COLLECTIONS –– SALES ON A COMMISSION BASIS EITHER OF INDIVIDUAL PIECES OR WHOLE COLLECTIONS –

STAMPS

20 September Sale of Stamps of Singapore Philatelic Museum Handling Collection Singapore 1403420 September Stamps and Covers of South East Asia including the Peter Cockburn Award Winning

Collection of Straits Settlements and Malayan States Revenue Stamps Singapore 1402625 September Great Britain from the Vestey Collection London 1403111 October The Philatelic Collector’s Series Sale Hong Kong CSS1016 October Australian Commonwealth from the Vestey Collection London 140326/7 November The Philatelic Collector’s Series Sale New York 15020 November Indian Postal Agencies in the Persian Gulf Area, The Alan Parsons Collection Hong Kong 1403726/27 November The Philatelic Collector’s Series Sale London 1402511 December The Leeward Islands, Bahamas and Turks Islands from the Vestey Collection London 14033

COINS

21 August The Numismatic Collector’s Series Sale Hong Kong CSS1122/23 September Ancient, British & Foreign Coins and Commemorative Medals London 1400615/16 October The Numismatic Collector’s Series Sale New York 32121 November The Numismatic Collector’s Series Sale Hong Kong CSS133/4 December Ancient, British & Foreign Coins and Commemorative Medals London 14007

MEDALS

24 July Orders, Decoration, Campaign Medals & Militaria London 1400220 November Orders, Decoration, Campaign Medals & Militaria London 14003

BONDS AND SHARES

21 August The Numismatic Collector’s Series Sale Hong Kong CSS1115/16 October The Numismatic Collector’s Series Sale New York 32121 November The Numismatic Collector’s Series Sale Hong Kong CSS1328 November Bonds and Share Certificates of the World London 14017

AUTOGRAPHS

18 July Postal History, Autographs and Historical Documents London 1403515/16 October The Numismatic Collector’s Series Sale New York 321

WINES

20 August An Evening of Exceptional Wines and Spirits Hong Kong SFW0919 September An Evening of Exceptional Wines and Spirits Hong Kong SFW1020 November An Evening of Exceptional Wines and Spirits Hong Kong SFW11

GROUP CHAIRMAN AND CEO

Olivier D. Stocker

YOUR SPECIALISTS

STAMPS

UK - Tim Hirsch Guy Croton Fernando Martínez David Parsons Nick Startup Neill GrangerPaul Mathews Dominic Savastano Tom Smith Ian Shapiro (Consultant)

USA - George Eveleth Richard DebneyEUROPE - Guido Craveri Fernando Martínez

CHINA - Anna Lee Tommy ChauCOINS

UK - Mike Veissid Richard Bishop Eleanor Charlotte DixTim Robson Edouard Wyngaard Jon Mann Barbara Mears John Pett

USA - Stephen Goldsmith Greg ColeCHINA - Kin Choi Cheung

BANKNOTES, BONDS & SHARES

UK - Barnaby Faull Mike Veissid Andrew Pattison Monica KruberUSA - Stephen GoldsmithEUROPE - Peter Christen

CHINA - Paul Pei Po Chow Kelvin CheungORDERS, DECORATIONS, MEDALS & MILITARIA

UK - Mark Quayle Oliver Pepys John HaywardBOOKS

UK - Philip Skingley Jennifer MulhollandAUTOGRAPHS

USA - Stephen GoldsmithWINES

CHINA - Vincent Cleme Anna Lee Guillaume Willk-Fabia

YOUR EUROPE TEAM (LONDON - LUGANO)

Chairman’s OfficeCharles Blane

DirectorsTim Hirsch Anthony Spink

Auction & Client Management TeamMiroslava Adusei-Poku Edward Rivers Luca Borgo Rita Ariete Dora Szigeti

John Winchcombe María Martínez Maurizio Schenini

FinanceAlison Bennet Marco Fiori Mina Bhagat Dennis Muriu Billy Tumelty Hemel Thakore

IT & AdministrationBerdia Qamarauli Leszek Woronowicz Liz Cones Curlene Spencer

Tom Robinson Cristina Dugoni Giacomo Canzi

YOUR AMERICA TEAM (NEW YORK)

Auction Administration and Marketing & DesignSonia Alves Luke Mitchell Madison Lang

Finance & AdministrationAleena Nieves

AuctioneerStephen Goldsmith

YOUR ASIA TEAM (HONG KONG - SINGAPORE)

Vice ChairmanAnna Lee

AdministrationAngie Ihlofung Newton Tsang Sue Pui Howard Tong Arthur Chan Gary Tan

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69 Southampton Row, Bloomsbury, London WC1B 4ETwww.spink.com

25 SEPTEMBER 2014

LONDON

GREAT BRITAIN

FROM THE VESTEY COLLECTION

SOLD BY ORDER OF THE TRUSTEES

£25

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