122324 1912 ½D DOWNEY DIE 2 WATERMARK SIMPLE CYPHER (SG344) CONTROL B 12 BLOCK OF EIGHT WITH 'STAGE' OF WATERMARK ON STAMP (SPEC N5hvar).

1912 ½D DOWNEY DIE 2 WATERMARK SIMPLE CYPHER (SG344) CONTROL B 12 BLOCK OF EIGHT WITH 'STAGE' OF WATERMARK ON STAMP (SPEC N5hvar). A good to fine lower left corner marginal block of eight 1912 ½d Downey die 2 watermark simple cypher (SG344) with control B 12, perforation type 2A. Six stamps unmounted, corner stamp affected by crease but block shows MISPLACED WATERMARK SO THAT 'STAGE' OF POSTAGE APPEARS ON FIRST VERTICAL ROW OF FOUR STAMPS (similar to spec N5h). Very scarce piece. (Ref 122324).