Lot 44 Palestine SG#74var 4m Rose Scarlet "Postage Paid" and "E.E.F" in Frame, 1922 Second London Overprinted Issue, A Fine OG Example, Perf. 14, Multiple Crown & Script CA Watermark, Missing Dot 6 in Lower Panel Between "E.E.F"

A fine OG example of the 4m rose scarlet "Postage Paid" and "E.E.F" in Frame from the 1922 Second London Overprinted Issue, perf. 14, Multiple Crown & Script CA watermark, missing dot 6 in lower panel between "e.e.f". The dot between the first two "E's" in the lower panel is missing.

Adjusted Gibbons values this at 16.25 pounds, which is approximately $27.80. The stamp offered here grades 65 as follows:

Centering/Margins: 35/70

Paper Freshness: 5/5

Colour: 5/5

Impression: 5/5

Absence of Visible Paper Flaws: 5/5

Perforations: 10/10

The issues of Palestine have been studied extensively and written up by David Dorfman in a specialized catalogue titled "The Stamps and Postal Stationery of Palestine Mandate 1918-1948", which was published in 2001. In this book he details the many variations in the plate characteristics, papers and overprints that are not listed in Gibbons. The first issues with the "Postage Paid" between "EEF" panels exist with a wide variety of major and minor constant plate flaws, which he identifies in the catalogue. He also lists these issues with the missing bottom perforations, which come only from positons 229 through 240 of the sheets. Also, these issues can be found with both clean cut perforations, which are the more common perforatons, and rough perforations which he lists also. The Jerusalem and London Palestine overprints can generally be plated and the plates were made up from a number of different identifiable types of each overprint, many of which we identify here. The 1927-1948 pictorial issues exist on three different kinds of paper: (1) a thin, semi-transparent paper, (2) a thicker white wove paper and (3) a vertically ribbed paper. In valuing these stamps we have used Dorfman's catalogue values where the item is completely unlisted in Gibbons. Where the item is listed in Gibbons we have calculated an "Adjusted Gibbons" value which is the value obtained by taking the premium inherent in the particular variety, as listed in Dorfman and applying this premium to the Gibbons catalogue value for hinged singles. In the majority of cases we have added no premium for NH stamps, but would emphasize that NH stamps of this period from other countries typically command premiums of between 50% and 200%, so there is every reason to suggest that there should be a premum over these calculated values for blocks containing NH stamps. In several cases the percentage premium to be appiled to varieties is stated in Dorfman, but in other cases, such as plate blocks, we have had to impute the premium by comparing the Dorfman price for a plate block, which is an outdated 2001 price, to the Dorfman price for equivalent singles. We have done this because the Gibbons value in 2021 is considerably higher than the Dorfman values for the basic listed stamps.