Great Britain 1934 2s6d-10s indigo “Seahorses” (Re-engraved), SG450/2.
A very fine well centred unmounted mint, with full original gum, set of three.
A scarce set in unmounted mint and so well centred as most examples found are off-centre.
SG Catalogue Value: £1,350.
This set represents the final printing of the celebrated King George V "Seahorses", originally introduced in 1913. When the printing contract returned to Waterlow & Sons in 1934, the dies were re-engraved rather than simply reproducing the earlier printing.
The new engraving is most readily distinguished by the cross-hatched background behind the King's head, replacing the horizontal lines of the earlier issues and producing a noticeably sharper impression.
Comprising the 2s6d chocolate-brown, 5s bright rose-red and 10s indigo, these were the final Seahorse high values and remained in use until their replacement by the King George VI high values.