Lagos SG#8 1/- Pale Dull Orange, Queen Victoria, 1874-1876 Perf. 12.5 Crown CC Watermarked Issue, 1st Printing, A Very Fine Unused Example With "Shilling" 15.5 mm Long
A well centered and very fine unused example of the 1/- pale dull orange Queen Victoria De La Rue Keyplate stamp from the 1874-1876 Perf. 12.5 Crown CC issue. According to J.F Ince in his definitive work, there were a total of 15,600 stamps issued across 4 different printings between November 18, 1874 and May 13, 1875. This example is from the first printing from November 18, 1874, of which 3,120 stamps were printed. Vertical wove paper showing no clear mesh and watermarked crown CC. This printing has "Shilling" 15.5 mm long and no crossbar to the "G" of "Shilling".
Stanley Gibbons values a VF-75 mint OG example at 700 pounds = $1,400. Unused should be worth approximately 50%, or $700.
I have written a blog post which explains the differences between the printings, which you can access here.
The stamp offered here grades VF-75 as follows:
Paper freshness: 5/5
Absence of visible paper flaws: 5/5