Watch List notes:

Penny 1846 DEF Far Colon Peck 1490 a variant with the colon stops in differing positions, the colon after REG has both dots much more widely spaced top to bottom, the colon after FID has the lower dot below the line of the legend, and the colon after DEF leans around 45 degrees to the left, a most unusual piece, NEF with a few small spots

Estimate: 50-75 GBP