SG 318 5/- Carmine M52 (2) in very fine used condition with quite attractive Fenchurch St double ring rubber parcels CDS cancellation complementing.

Distinct dull and slightly paler shade than generally seen with many overlooking the fact that this issue is far scarcer than the earlier De La Rue one.

This fact due to the simple fact that De La Rue had a printing run of some 10 years compared to the effectively just over 1 year of this S.House issue before essentially being replaced by the initial Waterlow seahorse issues.

Most will not price differently due to inability to tell the two issues apart.