1938 2c to 5r KGVI Pictorial Set with Curved SPECIMEN Perforation, mint never hinged, fresh and overall very fine. The 5r (and a few of the lower values) has slight gum discoloration, which highlights the watermark. The S.G.catalogue value of £600 is for a set of 14 to the 5r. This set is missing the 5c and the second 2r values issued later. (Image)

S.G. £ 600