Watch List notes:

Australia, kangaroo, 1st watermark, 1913-1914, mounted on hingeles 'Leuchtturm' page, 1/2d - œ2, (SG 1-16), 5/- - œ2 all very lightly toned (all illustrated), the œ2 shows only a faint trace of hinge. 2/- MUH, others appear to be MUH, a fine set. Mostly MUH. (15)

Ex J.P.Melick Collection.
($6300-7000)