B.S.A. COMPANY
1898 Arms to 1909 Surcharges
 -  1905 VICTORIA FALLS, SG 94-99  -  STAMPS
VF23

WATERLOW DIE PROOF of the 1d duty printed in the close-to-issued colour, carmine (the issued stamp was printed in red). Sunk-mounted on thick card (98x69mm). Very rare and most attractive.
 
Note: the existence of sunken die proofs for the 1d and 2½d duties suggests there may be examples of the other duties. However, none have been recorded.

£8,000