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23 OCTOBER 2012 LONDON THE “FORDWATER” COLLECTIONS FEATURING FALKLAND ISLANDS AND DEPENDENCIES, GIBRALTAR AND MALTA
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The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

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The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta
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Page 1: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

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2012

STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES

69 Southampton Row, Bloomsbury, London WC1B 4ETwww.spink.com

23 OCTOBER 2012

LONDON

£25

THE “FORDWATER”COLLECTIONS

FEATURING FALKLAND ISLANDS AND DEPENDENCIES, GIBRALTAR AND MALTA

Spink 12039 cover:Layout 1 23/7/12 10:45 Page 1

Page 2: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

BANKNOTES

22/23 August The Collector’s Series Sale New York 31424 August The Collector’s Series Sale Hong Kong 1203326 September Charity Auction of Bank of England Notes London 120372 October The David Kirch Collection of Bank of England Notes - Part I London 120342 October The David Kirch Collection of English Provincial Banknotes - Part I London 120353/4 October World Banknotes London 1202313/14 November The Collector’s Series Sale New York 3156 December World Banknotes London 1202412 January Banknotes of Hong Kong and China Hong Kong 1300515/16 January The Collector’s Series Sale New York 316

SALE CALENDAR 2012/2013

The above sale dates are subject to change

Spink offers the following services:– VALUATIONS FOR INSURANCE AND PROBATE FOR INDIVIDUAL ITEMS OR WHOLE COLLECTIONS –– SALES ON A COMMISSION BASIS EITHER OF INDIVIDUAL PIECES OR WHOLE COLLECTIONS –

STAMPS

24 August The Collector’s Series Sale Hong Kong 1203312 September The Chartwell Collection - GB King Edward VIII, King George VI and Queen Elizabeth II London 1201713 September The Gavin Littaur Collection of British Postal History. Selected rare covers from the period 1840-53 London 1204513 September Great Britain Stamps Specialised Sale London 1201822 September Fine Stamps and Covers of South East Asia Singapore 12019Early October The Collector’s Series Sale Hong Kong23 October Victoria Half Lengths - The John Barwis Collection London 1204223 October The “Fordwater” Collections of Falkland Islands, Gibraltar and Malta London 1203923 October Latin America, including the Tito Collection - Part II Lugano SW100324 October Queensland - The Alan Griffiths Collection London 1204324 October The Collector’s Series Sale Lugano SW10047 November The Collector’s Series Sale London 120208/9 November The Collector’s Series Sale New York13/14 November The Morgan Collection of Australian Commonwealth London 1204612 December The Chartwell Collection - GB Line-Engraved Essays, Proofs, Stamps and Covers - Part IV London 1202113 January The Mizuhara Collection of Korean Stamps Hong Kong 1300813 January Fine Stamps and Covers of Hong Kong and China Hong Kong 13009

COINS

22/23 August The Collector’s Series Sale New York 31424 August The Collector’s Series Sale Hong Kong 1203326/27 September Ancient, English & Foreign Coins and Commemorative Medals London 1202613/14 November The Collector’s Series Sale New York 3154 December Ancient, English & Foreign Coins and Commemorative Medals London 1202712 January Fine Coins of Hong Kong and China Hong Kong 1300715/16 January The Collector’s Series Sale New York 316

MEDALS

6 September The Bentley Priory Battle of Britain Trust Appeal Charity Auction London 1204422 November Orders, Decorations, Campaign Medals & Militaria London 1200425 April Orders, Decorations, Campaign Medals & Militaria London 1300125 July Orders, Decorations, Campaign Medals & Militaria London 1300221 November Orders, Decorations, Campaign Medals & Militaria London 13003

BONDS AND SHARES

22/23 August The Collector’s Series Sale New York 31424 August The Collector’s Series Sale Hong Kong 1203313/14 November The Collector’s Series Sale New York 31528 November Bonds and Share Certificates of the World London 1201112 January Bonds and Share Certificates of Hong Kong and China Hong Kong 1300615/16 January The Collector’s Series Sale New York 316

AUTOGRAPHS

22/23 August The Collector’s Series Sale New York 31413/14 November The Collector’s Series Sale New York 31515/16 January The Collector’s Series Sale New York 316

WINES

September An Evening of Exceptional Wines Hong KongNovember An Evening of Exceptional Wines Hong Kong

GROUP CHAIRMAN AND CEO

Olivier D. Stocker

YOUR SPECIALISTS

STAMPS

UK - Tim Hirsch Guy Croton David Parsons Nick Startup Neill GrangerPaul Mathews Dominic Savastano Tom Smith

USA - Chris Anderson George Eveleth Andrew Titley Ed Robinson Rick PenkoEUROPE - Guido Craveri Fernando Martínez

CHINA - Anna Lee Johnny SangCOINS

UK - Paul Dawson Julie-Morgane Lecoindre Richard Bishop William MacKayBarbara Mears John Pett

USA - Stephen Goldsmith Matthew Orsini Normand PepinCHINA - Mark Li

BANKNOTES, BONDS & SHARES

UK - Barnaby Faull Mike Veissid Andrew Pattison Tom BadleyUSA - Stephen Goldsmith Matthew Orsini

China - Mark LiORDERS, DECORATIONS, MEDALS & MILITARIA

UK - Mark Quayle Oliver PepysBOOKS

UK - Philip SkingleyAUTOGRAPHS

USA - Stephen GoldsmithWINES

CHINA - Anna Lee

YOUR EUROPE TEAM (LONDON - LUGANO)

Chairman’s OfficeDennis Muriu Monica Kruber

DirectorsTim Hirsch Anthony Spink

Auction & Client Management TeamMiroslava Adusei-Poku Sandie Maylor Charles Blane Luca BorgoPhillipa Brown Rita Ariete María Martínez Maurizio Schenini

FinanceAlison Bennet Marco Fiori Mina Bhagat Alison Kinnaird Shyam Padhiar Billy Tumelty

IT & AdministrationBerdia Qamarauli Attila Gyanyi Liz Cones Curlene Spencer John Winchcombe

Bobby McBrierty Tom Robinson Cristina Dugoni Giacomo Canzi

YOUR AMERICA TEAM (NEW YORK - DALLAS)

Chairman EmeritusJohn Herzog

Auction Administration and Marketing & DesignRick Penko Patricia Gardner James McGuire Emily Cowin Clyde Townsend

Finance & AdministrationSam Qureshi Ingrid Qureshi Ed Robinson

AuctioneersStephen Goldsmith Tracy Shreve Andrew Titley

YOUR ASIA TEAM (HONG KONG - SINGAPORE)

Vice ChairmanAnna Lee

AdministrationAmy Yung Dennis Chan Raymond Tat Gary Tan

Spink 12039 cover:Layout 1 23/7/12 10:45 Page 2

Page 3: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

THE “FORDWATER” COLLECTIONSFEATURING FALKLAND ISLANDS AND DEPENDENCIES, GIBRALTAR AND MALTA

23 october 2012 in London and on

The Spink Environment Commitment:Paper from Sustainable Forests and Clean Inkfor centuries spink and its employees have been preserving and curating collectable items.We now wish to play a modest role in preserving our planet, as well as the heritage of collectables, so futuregenerations may enjoy both.

We insist that our printers source all paper used in the production of spink catalogues from fsC registeredsuppliers (for further information on the FSC standard please visit fsc.org) and use non hazardous inks. We havefurther requested that they become accredited with the environmental standard ISO 14001.

spink recycle all ecological material used on our premises and we would encourage you to recycle yourcatalogue once you have finished with it.

front Cover illustrations: back Cover illustration:

to purchase a catalogue:

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tel: +44 (0)20 7563 4108 fax: +44 (0)20 7563 4037

for more information about spink services, forthcoming

sales and sales results visit the spink Website

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SALE LOCATION

spinK London

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London WC1b 4et

tel +44 (0)20 7563 4000 fax +44 (0)20 7563 4066

vat no: gb 791627108

YOUR SPINK TEAM FOR THIS SALE

for your questions about the saLe Lots

SALE DETAILS

tuesday 23 october 2012 at 2.30 p.m.

in sending commission bids or making enquiries,

this sale should be referred to as FORDWATER - 12039

VIEWING OF LOTS

spinK London

69 southampton row, bloomsbury

London WC1b 4et

friday 19 october 2012 10.00 a.m. - 5.00 p.m.

monday 22 october 2012 10.00 a.m. - 5.00 p.m.

spink is pleased to continue to offer spink Live, the internet bidding servicewhich has revolutionized the way in which our clients bid at auction. to getstarted, feel free to contact us today for personal assistance. attila gyanyi isavailable by e-mail: [email protected] or tel: +44 (0)20 7563 4090.

use this qr code to visit our online catalogue and leave proxy bids onspink Live.you can download the qr Code reader for iphone, blackberry andandroid from app store on your smartphone

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Spink 12039 Fordwater Pages:Layout 1 23/7/12 10:47 Page 1

Page 4: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

ExtensionsProspective buyers who wish to obtain an expert opinion on any lot (other than a mixed lot or lot containing undescribed stamps)are requested to notify Spink in writing not less than forty-eight hours before the time fixed for the commencement of the firstsession of the sale. If accepted by Spink, such request shall have the same effect as notice of an intention to question thegenuineness or description of the lot for the purposes of Condition 16 of the Conditions of Business; Condition 17 shall thereafterapply accordingly.Notice of a request for an expert opinion must give the reason why such is required and specify the identity of the expert whichwill be subject to the agreement of Spink. All lots for which Certificates of Authenticity are desired must be submitted by Spinkto the Expert Committee for choice.

Buyers are reminded that any lot(s) purchased “on extension” are subject to payment in accordance with our normalTerms & Conditions of Business. Settlement of any lots on extension should be made at the time of invoicepayment. Overdue accounts are subject to interest charges.

Extensions requested on account of condition will not normally be accepted for expert opinions. Any Lot described as having faultsor defects may not be returned should a certificate cite other faults or defects not included in the catalogue description.Should Spink accept a request for an extension under the foregoing provisions of this paragraph, the fact may be stated by theAuctioneer from the rostrum prior to the sale of the lot.It should be noted that any stamp accompanied by a Certificate of Authenticity is sold on the basis of that Certificate only and noton the basis of any other. No request for an extension will be accepted on such a stamp and the return of such a stamp will not beaccepted.

Notes Concerning DescriptionsGUM: Original gum should be expected on unused stamps where appropriate, unless stated otherwise in the description:mint unused with original gum showing slight disturbance caused by previous hinge, which may be present in part

or entirely removed.part original gum unused with original gum significantly disturbed or heavily hingedunmounted mint original gum as issuedunused without gum

COVERS: Should be expected to have minor nicks and tears usually from opening. Folded letters or covers normally have one ortwo file folds. These are not described unless of an exceptional nature and are not grounds for return.entire letter complete as sent with comments still attached to the outer address portionentire the outer portion of a folded letter but without contentscover an envelope

Symbols and Abbreviations

ReferencesCatalogue values and numbers are those taken from the latest available edition.The use of Gibbons Specialised catalogues in Great Britain sales is clearly indicated. Where other catalogues are used they arementioned by name.

unmounted mint unused used+ block of fourB block larger than four used on cover, entire letter, etc. on piecevar. variety, varietiescat. catalogue, catalogue valuec.d.s. circular datestamp

d.s. datestamph.s. handstampA air mailS specimenC cancelledE essayP proofF forgeryR reprint

Buyers are reminded that payment must be made within seven days from the date of sale (condition 5.4.1),and interest will be added for overdue accounts (condition 5.10.1.1).Please note charges for credit card payments (condition 5.4.3(iii)).

www.spink.com

Spink 12039 Fordwater Pages:Layout 1 23/7/12 10:47 Page 2

Page 5: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

BRITISH ANTARCTIC TERRITORY

1 1963-2011 a complete basic unmounted mint collection including miniature sheets, somesets in the form of sheetlets, included is 1980 (Dec.) Geographical Society 22p. withwatermark Crown to right of CA, fresh. Cat. £1350+ £350-450

Note: All buyers must read the notes concerning requests for Extensions printed on page 2 of this catalogue.The Terms of that notice must be complied with fully under all circumstances.

TUESDAY 23 OCTOBER 2012

Commencing at 2.30 p.m.

3

october 23, 2012 - London

4 1981 (Dec.) 20th Anniversary of Antarctic Treaty 10p., variety watermark Crown toright of CA, fresh and fine unmounted mint. S.G. 99w, £350. Photo £100-120

2 1971 (Feb.) 3p. on 3d. (marginal), 10p. on 2/- (light crease; very rare) and 50p. on10/-, each showing variety watermark inverted, unmounted mint. S.G. 29w, 34w, 37w,£1010. Photo for 10p. £200-250

3 1977 (Feb.) Silver Jubilee 33p. (marginal), variety watermark Crown to right of CA,fresh and fine unmounted mint. S.G. 85w, £225 £60-80

Ex 2

4

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With over 60 auCtions per year, heLd around the gLobe, spinK are happyto aCCommodate your needs to aChieve the best resuLts.

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Spink 12039 Fordwater Pages:Layout 1 23/7/12 10:47 Page 3

Page 6: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

8 1882 (Nov.) CA (upright) 1d. dull claret, unused with large part original gum, some veryminor gum wrinkles otherwise fine. S.G. 5, £325. Photo £80-100

9 + 1885-91 CA (sideways) 1d. pale claret block of four, fresh and fine unused with large partoriginal gum. S.G. 7, £360 £100-120

10 –– 4d. grey-black, a pair from the lower left corner with part original gum, the left stampwith light horizontal crease at top not affecting the very fine appearance. S.G. 10, £850.Photo £400-500

PROVENANCE:Malcolm Barton, November 2008

FALKLAND ISLANDS

1878-79 No Watermark

Page 4

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5 1d. claret with margin at top, unused with full original gum, one short perf at foototherwise fine. Very rare in this condition. S.G. 1, £750. Photo £300-400

6 4d. grey-black with margin at foot, centred to left, very fine unused with large partoriginal gum. Rare. Heijtz Certificate (2007). S.G. 2, £1200. Photo £600-800

7 6d. blue-green, centred to upper left, unused with large part original gum, and 1/- bistre-brown block of four, fresh and fine mint, the lower pair unmounted. S.G. 3-4, £420 £120-150

5 6

8 10

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Page 7: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

11 1891 (Jan.) 1⁄2d. on half of 1d. brownish claret, an unsevered pair, unused with partoriginal gum, good colour, faint creases otherwise fine. Rare. B.P.A. Certificate (1955).S.G. 13a, £3500. Photo £1,500-2,000

Note: The large “full stop” of ink at the top of the stamp is contemporary with the surcharging.

PROVENANCE:Sir Gawaine Baillie, February 2005

12 1891 (July) 1⁄2d. on half of 1d. red-brown, an unsevered pair, unused with large partoriginal gum, good colour, fresh and fine mint. Rare. B.P.A. Certificate (1966). S.G. 14a,£4250. Photo £2,500-3,000

PROVENANCE:Sir Gawaine Baillie, February 2005

1891-1902 Queen Victoria Issue

13 1⁄2d. blue-green, 1⁄2d. green, 1⁄2d. deep yellow-green, 1⁄2d. yellow-green, 1d. orange red-brown, 1d. orange-brown (watermark reversed), 2d. purple, 2d. reddish purple, 21⁄2d.ultramarine, 21⁄2d. deep ultramarine, 4d. olive-black, 6d. yellow, 9d. salmon and 1/-yellow-brown, apart from the first all fresh and fine unmounted mint. S.G. between 15-38, £542 £200-250

14 1⁄2d. blue-green top right corner block of four, 1⁄2d. deep dull green marginal block of six(3x2; gum wrinkles), 1⁄2d. yellow-green lower right corner block of nine and 1⁄2d. dullyellowish green marginal block of eighteen (6x3), fresh and fine mint, all but the firstunmounted. S.G. 15, 16b, 17b, 17c; £466 £150-180

15 1⁄2d. green, 1d. Venetian red block of four and 21⁄2d. ultramarine, all with varietywatermark reversed, fine mint, the last two unmounted. S.G. 16ax, 22ax, 30ax; £354 £100-120

16 B 1d. reddish chestnut, a block of ten (5x2) with margin at right, the upper row showing“N AGENTS” of watermark, unused with large part to full original, the centre pair with lightgum crease otherwise fine. S.G. 19, £500 £150-180

17 B 1d. claret, a lower left corner block of eight (4x2) with watermark reversed, fresh andfine unmounted mint. S.G. 21x, £640 £250-300

18 B 1d. Venetian red, 1d. pale red and 1d. orange-red, each in a block of eighteen (6x3) withmargin at foot, mainly fine with most unmounted. S.G. 22, 23, 24; £819 £400-500

PROVENANCE:Malcolm Barton, November 2008

19 B 1d. deep Venetian red, a block of fifteen (5x3) with margin at top, variety watermarkreversed, one showing neck blemish [14], fresh and fine unmounted mint. S.G. 22ax; SH6i £150-180

PROVENANCE:Malcolm Barton, November 2008

5

october 23, 2012 - London

11 12

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Page 8: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

25 + 1/- yellow-brown with watermark reversed, a block of four from the lower right cornerwith punch hole in selvedge at right, two natural gum inclusions and one with trivialgrease mark, otherwise fine. S.G. 38x, £760. Photo £250-300

26 1898 (Oct.) 2/6d. deep blue with margin at top and 5/- red centred to lower right, fineunmounted mint. S.G. 41-42, £525. Photo £150-180

Falkland Islands, 1891-1902 Queen Victoria Issue - contd.

Page 6

20

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25 –––– 26 ––––

20 1d. pale red with margin at left, variety watermark reversed, fine unmounted mint.Scarce. S.G. 23x, £325. Photo £100-120

21 B 21⁄2d. pale ultramarine, a block of nine with margin at top, some minor gum wrinkles andsmall thin in margin, otherwise fresh and fine mint, the stamps unmounted. S.G. 30b,£432 £200-250

22 B 6d. yellow, a block of eighteen (3x6) from the left of the sheet (three pieces of marginmissing at lower left), good colour, fresh and fine unmounted mint. S.G. 34, £900 £300-400

PROVENANCE:Lord Steinberg, September 2011

23 9d. pale reddish orange, a block of six (3x2), fine unused with large part or full (lowerstrip) original gum. S.G. 35, £300 £150-180

PROVENANCE:Malcolm Barton, November 2008

24 + 1/- yellow-brown block of four with misplaced watermark, fine mint. S.G. 38, £280 £100-120

Spink 12039 Fordwater Pages:Layout 1 23/7/12 10:47 Page 6

Page 9: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

30 2d. purple with margin at right clearly showing variety watermark reversed, centred totop, fine unmounted mint. S.G. 45ax, £190. Photo £60-80

31 + 2d. reddish purple block of four, fresh and fine unmounted mint. A very rare block of thisscarce shade. Brandon Certificate (1988). S.G. 45b, £900. Photo £600-800

PROVENANCE:Lord Steinberg, September 2011

32 B 6d. orange, a block of fifteen (5x3) from the lower left corner, fresh mint, mounted in theselvedge only. S.G. 47, £630 £200-250

PROVENANCE:Geoffrey Moir, December 2006Lord Steinberg, September 2011

29

30

31

7

october 23, 2012 - London

1904-12 Issue

27 1⁄2d. (2, one on thick paper), 1d. (2, one on thick paper), 2d. reddish purple, 21⁄2d.ultramarine, 6d., 3/- (both, one a lower left corner example) and 5/-, fine mint, allexcept the 2d. unmounted. S.G. 43-50, £920 £300-400

28 + 1d. vermilion (gum wrinkles), 2d. purple and 1/- brown, each in an unmounted mintblock of four, fine. S.G. 44, 45, 48; £316 £100-120

29 B 1d. dull coppery red on thick paper, a lower left corner block of six (3x2), fresh and fineunmounted mint. A very scarce multiple. Heijtz Certificate (2011). S.G. 44d, £1200.Photo £600-800

Spink 12039 Fordwater Pages:Layout 1 23/7/12 10:47 Page 7

Page 10: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

1912-20 Issue

Page 8

Ex 33

34

Falkland Islands - contd.

33 1⁄2d. (5, two line perf), 1d. (4, one line perf), 2d. (2), 21⁄2d. (2, one line perf), 6d. (2), 1/-(2), 3/-, 5/- rose-red (2), 5/- maroon (2), 10/- and £1, various shades, fine, allapparently unmounted. S.G. 60-69, £1200+. Photo £400-500

34 + 2d. maroon, line perf, a block of four, fine unmounted mint. A very scarce multiple. S.G.62b, £1100. Photo £500-600

35 B 21⁄2d. deep blue, line perf, a block of nine with margin at right, fine unmounted mint. S.G.63b, £378 £120-150

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Spink 12039 Fordwater Pages:Layout 1 23/7/12 10:47 Page 8

Page 11: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

39 + 1d. vermilion, line perf, a block of four with margin at right, variety overprint double,one albino, fine unmounted mint. A rare multiple of this variety. S.G. 71a, £1600. Photo £1,500-1,800

Note: The albino overprints extend into the margin and are reversed.

PROVENANCE:Sir Gawaine Baillie, February 2005

37

39

38

9

october 23, 2012 - London

1918-20 War Stamps

36 1⁄2d. deep olive (line perf), 1⁄2d. yellow-green marginal block of four, 1⁄2d. deep olive, 1⁄2d.dull yellowish green on thick paper, 1d. vermilion, 1d. orange-vermilion (comb perf), 1d.orange-vermilion on thick paper, 1/- light bistre-brown block of four and single(hinged), 1/- pale bistre-brown and 1/- brown on thickish paper (2, one marginal andshowing double offset on reverse), fine unmounted mint. S.G. 70-72, £470+ £150-180

37 1⁄2d. deep olive, line perf, variety albino overprint, very fine mint. Rare. R.P.S. Certificate(2000). S.G. 70ab, £2000. Photo £1,000-1,200

PROVENANCE:Sir Gawaine Baillie, February 2005

38 1⁄2d. dull yellowish green on thick greyish paper, 5th overprinting, a top right corner pairshowing watermark reversed, mounted in the selvedge only, one with slight wrinkleotherwise fresh and fine mint. S.G. 70cx, £800. Photo £300-400

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43 + 1d. orange-vermilion on thick greyish paper, a top right corner block of four, fresh andfine unmounted mint, hinged in the selvedge only. S.G. 71d, £440. Photo £150-180

Page 10

40

43

41 42

Falkland Islands, 1918-20 War Stamps - contd.

40 1d. vermilion (line perf), 2nd overprint, variety overprint double, one albino withdouble offsets, minor gum wrinkles, fine unmounted mint. S.G. 71a var, £400+; SH36a,v3, £600. Photo £250-300

41 1d. orange-vermilion (comb perf), variety overprint double, centred to left, fresh andfine mint. Very rare. S.G. 71ca, £3250. Photo £1,200-1,500

PROVENANCE:Sir Gawaine Baillie, February 2005

42 1d. orange-vermilion (comb perf), variety watermark reversed, fine unmounted mint.S.G. 71cx, £700. Photo £300-400

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Page 13: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

44

48

45 46

44 1/- pale bistre brown, variety overprint double, one albino with double offsets, finemint. Rare. S.G. 72ab, £1900+; SH 37b v1. Photo £700-900

45 1/- brown on thick greyish paper, a horizontal pair, variety overprint double, onealbino with double offsets, fine unmounted mint. Rare. S.G. 72ba, £3800; SH 37c v1.Photo £2,000-2,500

PROVENANCE:Sir Gawaine Baillie, February 2005

46 1/- brown on thick greyish paper, margin at left, variety watermark reversed, fresh andfine lightly mounted mint. S.G. 72bx, £2000; SH 37c wmk 2. Photo £800-1,000

1921-28 Issue

47 1⁄2d. (2), 1d. (2), 2d. reddish maroon, 21⁄2d. deep blue, 21⁄2d. deep steel-blue, 21⁄2d. purpleon yellow (2), 6d., 1/- and 3/-, fine unmounted mint. S.G. 73-80, £175 £60-80

48 1d. dull vermilion with margin at right, variety watermark inverted and reversed, oneshort perf at left otherwise fine unmounted mint. S.G. 71ay, £550. Photo £200-250

PROVENANCE:Sir Gawaine Baillie, February 2005

11

october 23, 2012 - London

are you thinKing of seLLing

a CoLLeCtion or singLe item at auCtion?

With over 60 auCtions per year, heLd around the gLobe, spinK are happyto aCCommodate your needs to aChieve the best resuLts.

pLease ContaCt our speCiaLists today for further detaiLs.

Spink 12039 Fordwater Pages:Layout 1 23/7/12 10:47 Page 11

Page 14: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

50 21⁄2d. deep purple on pale yellow, variety watermark inverted and reversed, fine and verylightly mounted mint. Rare. S.G. 77ay, £650. Photo £250-300

51 1928 (Feb.) “21⁄2D” on 2d. purple-brown, fine mint. B.P.A. Certificate (1963). S.G. 115,£1200. Photo £350-450

49 B 21⁄2d. Prussian blue, a top left corner block of six (3x2), fine unmounted mint. R.P.S.Certificate (1967). Photo £700-900

PROVENANCE:Sir Gawaine Baillie, February 2005

Page 12

49

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50 51

Ex 52

Falkland Islands, 1921-28 Issue - contd.

52 1929-37 1⁄2d. to £1 set of eleven with both shades of the 1d. and 6d., and with additional1⁄2d. block of four and 1/-, fine unmounted mint. S.G. 116-126, £748. Photo for £1 £400-500

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Page 15: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

55 1935 Silver Jubilee set of four with additional 1d. showing flagstaff on right-hand turret,fine unmounted mint. S.G. 139-142, £442. Photo for variety £150-180

56 1937 Coronation, 1946 Victory, 1948 Wedding, 1949 UPU and 1952 1⁄2d. to £1, fineunmounted mint. S.G. 143-145, 164-185, £276 £80-100

Ex 53

54

Ex 55

13

october 23, 2012 - London

53 1933 Centenary 1⁄2d. to £1 set of twelve with additional 1⁄2d., 1d. and 11⁄2d. (with imprint)marginal blocks of four, 2d. to 6d. and 2/6d. (gum toned), fine mint, virtually allunmounted. S.G. 127-138, £4161. Photo £2,500-3,000

54 –– 5/- black and yellow-orange, a top left corner example, light diagonal gum bend, freshand fine unmounted mint. Brandon Certificate (1997). S.G. 136a, £2250. Photo £1,000-1,200

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Page 14

Falkland Islands - contd.

1938-50 Issue

57 1⁄2d. to £1 set of eighteen plus shades to 3d. and 1/- light dull blue imprint and verticalpairs, 1/- dull greenish blue imprint pair, 1/- dull blue and 1/- deep dull blue and anadditional £1, fine unmounted mint. S.G. 146-163, £1010 £400-500

58 5/- indigo and pale yellow-brown, fine unmounted mint. B.P.A. Certificate (1969). S.G.161b, £950. Photo £300-400

59 5/- dull blue and yellow brown on greyish paper, marginal, fine unmounted mint. S.G.161c, £120 £40-50

60 5/- steel-blue and buff-brown on thin paper, fine unmounted mint. S.G. 161d, £250.Photo £80-100

61 10/- black and orange, fine unmounted mint. S.G. 162a, £300. Photo £100-120

62 1953-2011 basically complete unmounted mint collection including booklets andminiature sheets/sheetlets, housed in two Lighthouse albums and a stockbook, includedare some watermark varieties including 1962 (Oct.) Communications 2/- with watermarkinverted, 1966 (Jan.) Churchill 1/- with watermark inverted, 1979 (May) Stanley Airport3p. with Crown to right of CA and 11p. and 15p. with Crown to left of CA, 1981 (July)Wedding 10p. and 13p. with watermark inverted, 1982 (Sept.) Rebuilding Fund £1+£1with watermark Crown to right of CA and 1986 Ameripex 58p with watermark Crownto right of CA. Cat. £2700+ £900-1,100

63 1960-64 De La Rue 1d. black and carmine-red marginal block of six (3x2) and 2/- blackand lake-brown (marginal), fine unmounted mint. S.G. 194a, 204a; £250 £60-80

64 –– De La Rue 2/- black and lake-brown, fine unmounted mint. With normal forcomparison. S.G. 204a, £190 £60-80

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58 60 61

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Page 17: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

65 6d. black and light blue, variety error of vignette “H.M.S. Glasgow” in place of“H.M.S. Kent”, fresh, full original gum. A very fine example of this outstanding QueenElizabeth error. S.G. 216a, £40,000. Photo £25,000-30,000

Note: It is believed that about twenty examples of this error have been recorded so far,although some of these may refer to the same example.

PROVENANCE:Sir Gawaine Baillie, February 2005

65

15

october 23, 2012 - London

1964 50TH ANNIVERSARY OF

THE BATTLE OF THE FALKLAND ISLANDS ISSUE

THE FAMOUS “H.M.S. GLASGOW” VIGNETTE ERROR

66

66 1/- black and carmine-red, variety watermark inverted, fine unmounted mint. Rare.S.G. 217a, £3000. Photo £1,500-1,800

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69 1971 (Dec.) 1p. on 11⁄2d., error of surcharge 5p. at left, fine unmounted mint. S.G.264a, £700. Photo £300-400

70 –– 1p. on 11⁄2d., error of surcharge 5p. at right, marginal, fine unmounted mint. S.G.264b, £1900. Photo £1,000-1,200

71 1974 (Feb.) 1⁄2d. Dusty Miller, variety watermark inverted, fine unmounted mint. S.G.293w, £325. Photo £100-120

72 1974 (Dec.) 35th Anniversary of the Battle of the River Plate, the set of four withwatermark Crown to right of CA, fine unmounted mint. S.G. 307w-310w, £292 £70-90

73 –– 6p., a lower left corner example with variety red printed double and black printedtriple, fine unmounted mint. Unlisted in S.G.; SH 233v1 £50-60

74 1974 (Nov.) Churchill miniature sheet, variety watermark inverted, fine unmountedmint. S.G. MS306w, £250 £60-80

75 + 1975 (Dec.) New Coinage, 2p. upper right corner block of four, variety watermarkCrown to right of CA, fine unmounted mint. S.G. 316w, £300 £100-120

76 1980 (Feb.) Dolphins and Porpoises, 3p. with variety watermark inverted and 15p. withvariety watermark Crown to right of CA, both marginal, fine unmounted mint. S.G.371w, 375w; £485. £100-120

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Falkland Islands - contd.

67 1968 (July) Human Rights Year 2d., variety yellow omitted, fine unmounted mint. S.G.228a, £1800. Photo £800-1,000

68 1970 (Oct.) Great Britain 1/-, variety watermark Crown to right of CA, some pencilnotations on reverse, fine unmounted mint. S.G. 261w, £1300. Photo £500-600

67 68

69

71

70

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79 1982 Darwin 34p., variety pale brown (background to side panels) omitted, fineunmounted mint. Very rare. S.G. 425a, £1300. Photo £500-600

17

october 23, 2012 - London

Ex 77

78

79

77 1980 (Aug.) Birds of Prey, the set of four with variety watermark Crown to left of CA,fine unmounted mint. S.G. 384w-387w, £878. Photo for 11p. and 15p. £300-400

78 + 1981 (Jan.) Farm Animals, 25p. lower left corner block of four with cylinder numbers,variety watermark Crown to right of CA, fine unmounted mint. S.G. 394w, £440.Photo £150-180

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DEPENDENCIES

80 1944-2011 basically complete unmounted mint collection including miniaturesheets/sheetlets, housed in a Lighthouse album, include are some varieties including 1946-49 thick map 1⁄2d. to 1/- in blocks of four with one in each showing gap in 80th parallel,and thin map 2d., 3d., 6d., 9d. and 1/- in blocks of four with one in each showing dotin “T”, South Georgia 1977 (Feb.) Silver Jubilee 11p. with watermark Crown to right ofCA and Falkland Islands Dependencies 1982 (Sept.) Rebuilding Fund £1+£1 withwatermark Crown to right of CA. Cat. £2300+ £600-800

Page 18

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Falkland Islands - contd.

84 6d. black and orange showing missing “I”, minor gum bend, fine unmounted mint. S.G.G6b, £190. Photo £60-80

85 6d. black and orange showing variety “SOUTH POkE”, fine unmounted mint. S.G. G6c,£170. Photo £70-90

86 9d. black and brown showing variety “SOUTH POkE”, fine used. S.G. G7c, £250. Photo £80-100

87 1/- black and purple showing variety “SOUTH POkE”, fine unmounted mint. S.G. G8c,£140 £50-60

81 1944 (Feb.) South Georgia 1⁄2d. black and green, marginal, variety watermark sideways,mounted on face of selvedge, fresh and fine unmounted mint. Extremely rare. S.G. B1a,£4000. Photo £2,000-2,500

1946 Thick Map

82 1⁄2d. black and green upper left corner pair, the right stamp showing missing “I”, mountedin the selvedge only, fine. S.G. G1b, £250 £80-100

83 1d. black and violet marginal block of four with one showing extra island, a top leftcorner block of four with one showing missing “I”, and a single showing extra dot by oval,fine unmounted mint. S.G. G2aa, G2b, G2d; £410+ £150-180

81

84 86 85

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92 1875-76 21⁄2d. rosy mauve, Pl. 2, with error of lettering, centred to lower right, fine andlightly cancelled. Rare. S.G. Z25, £2500. Photo £800-1,000

93 1886 (Jan.) 1⁄2d. and 2d. (lightly mounted), and 1886-87 1⁄2d., 1d., 2d., 21⁄2d. (mounted),4d. and 6d., fine unmounted mint. Cat. £557 £200-250

89

92

90

19

october 23, 2012 - London

88 South Georgia 1977-78 1⁄2p. on 1⁄2d. brown-red showing watermark Crown to right ofCA and 3p. on 3d. bistre showing watermark inverted, fine unmounted mint. S.G. 53w,58w; £310 £100-120

89 –– 50p. on 10/- pale magenta showing watermark inverted, fine unmounted mint. S.G.66w, £600. Photo £200-250

90 Falkland Island Dependencies 1981 (Feb.) Plants 15p. showing variety light brown(Queen’s head and territory inscription) omitted, fine unmounted mint. Very rare.S.G. 93a, £3750. Photo £1,200-1,500

GIBRALTAR

Great Britain used in Gibraltar

91 1864 (12 July) entire to Marseilles, bearing 2d. blue Pl. 9 neatly tied by “A26”obliterator, showing Gibraltar c.d.s., “30” h.s. and Marseilles entry d.s. in red; and 1878(27 Mar.) entire (creases) to Holland, bearing 21⁄2d. rosy mauve Pl. 10 tied by “A26”duplex, showing red London Paid transit d.s. with clear arrival c.d.s. on reverse £80-100

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Page 20

Ex 94

Gibraltar - contd.

94 + 1886 (Jan.) 1⁄2d. to 1/- in blocks of four with additional 1⁄2d. interpanneau block, all ofgood colour, some gum and other creases, otherwise fresh unused with large part originalgum. Very rare, only three sets in blocks of four thought to exist. S.G. 1-7, £4800+.Photo £3,500-4,500

PROVENANCE:Lord Steinberg, September 2011

95 1886-87 1⁄2d. green block of sixteen (4x4; two with crease) with margin at left, 1d. roseblock of four with margin at foot and 2d. brown-purple pair with margin at foot showingplate number, fine unmounted mint. S.G. 8-10, £484 £150-180

96 1889 (Aug.) 5c. on 1⁄2d. to 75c. on 1/- set of seven, the 50c. with plate number, fineunmounted mint. S.G. 15-21, £190 £60-80

97 –– 25c. on 2d. brown-purple, a single showing variety small “I”, and a marginal pair withone showing broken “N”, the former with two small tone spots on reverse, otherwise fineunmounted mint. S.G. 18ab, 18b; £210 £60-80

1889-96 Issue

98 5c. to 5p. with both 20c., fine unmounted mint. S.G. 22-33, £270 £100-120

99 5c. green lower right corner block of twenty-four (6x4) with plate number, 75c. olive-green and 2p. black and carmine blocks of four, fresh and fine unmounted mint. S.G. 22,29, 32; £304 £100-120

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Page 23: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

104 –– 21⁄2d. bright ultramarine, variety watermark inverted, fine unmounted mint. S.G.42w, £300. Photo £150-180

105 1903 CA 1⁄2d. to 8/-, fine unmounted mint. S.G. 46-54, £581. Photo for 8/- £250-300

106 B –– 21⁄2d.dull purple and black on blue, a lower right corner block of thirty (6x5), oneshowing variety large “2” in “1⁄2” (R. 10/1), black “arrow” indicator stuck to marginbelow variety, fine unmounted mint. S.G. 49/49a, £542 £200-250

107 –– 21⁄2d. dull purple and black on blue, variety large “2” in “1⁄2” (R. 10/1), fineunmounted mint. S.G. 49a, £325. Photo £120-150

108 1904-08 MCA 1⁄2d., 21⁄2d., 6d., 1/- and 2/- on ordinary paper, 1⁄2d., 1d., 2d., 6d. and 1/-on chalky paper, and 1906-12 MCA 1⁄2d. to 6d. and 2/-, the odd minor gum crease, finemint, virtually all unmounted. S.G. 56-62, 66-70, 72; £600+ £250-300

109 + –– 21⁄2d. purple and black on blue, a lower left corner plate number block of four, oneshowing variety large “2” in “1⁄2” (R. 10/1), fine unmounted mint. S.G. 59/59a, £700+.Photo £300-400

110 –– 2/- green and blue on chalk-surfaced paper, a lower left corner pair with plate number,fine unmounted mint, hinged in the selvedge only. S.G. 62a, £190 £70-90

100

104 107

109

Ex 105

21

october 23, 2012 - London

100 10c. carmine with value omitted, good colour, fine very lightly mounted mint, very rare.S.G. 23b, £6500. Photo £3,000-4,000

101 B 20c. olive-green and brown, a lower left corner block of thirty (6x5) with plate number,a few split perfs and one with corner crease, otherwise fine unmounted mint. S.G. 24,£1350 £500-600

102 40c. orange-brown, a complete left pane of sixty (6x10), one with natural paper creaseand one with light foxing on reverse, otherwise fresh and fine unmounted mint. S.G. 27,£225 £80-100

103 1898 (Oct.) 1⁄2d. to 1/- set of seven, fine unmounted mint. S.G. 39-45, £160 £60-80

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113 –– 4/- black and carmine, an upper left corner pair with plate number, good colours, fineunmounted mint, hinged in the selvedge only. S.G. 73, £300. Photo £150-180

114 –– 8/- purple and green with margin at right, good strong colours, fine unmounted mint,hinged on selvedge only. S.G. 74, £225. Photo £100-120

115 S 1912-24 MCA 1⁄2d. to £1 set of ten overprinted “SPECIMEN”, fine mint. S.G. 76s-85s,£500 £150-180

116 –– 1⁄2d., 1d. (2, shades), 2d., 21⁄2d. pale ultramarine, 6d. (5 including a corner platenumber block of four), 1/- (4, the listed shades), 2/-, 4/-, 8/-, £1 and 1918 War Tax1⁄2d., fine unmounted mint. S.G. 76-86, £378 £150-180

Page 22

111

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112

113

114

Gibraltar - contd.

111 1904-08 £1 deep purple and black on red, lovely fresh colours, fine unmounted mint.S.G. 64, £550. Photo £300-400

112 + 1906-12 MCA 21⁄2d. ultramarine block of four, the lower left stamp showing variety large“2” in “1⁄2”, a few minor gum wrinkles, fine unmounted mint. S.G. 69/69a, £268. Photo £100-120

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Page 25: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

120 –– 21⁄2d. bright blue, a lower left corner plate number strip of three showing large “2” in“1⁄2”, fine unmounted mint. S.G. 94/94a, £570. Photo £250-300

121 1925-32 Script 1/- (both) to £5 (a little gum toned) with additional 2/- lower rightcorner plate number block of four and 2/6d. upper left corner plate number pair, and1930 3d., fine unmounted mint. S.G. 102-109, £1800+. Photo £500-600

122 –– £5 violet and black, a top right corner example showing sheet number “031”, goodstrong colour, fresh and fine unmounted mint, hinged in the selvedge only. A superbexample. B.P.A. Certificate (1985). S.G. 108, £1500. Photo £1,000-1,200

123 1931-33 1d. to 3d. set of four (both perfs) and 1935 Jubilee set of four, fine mint, mostunmounted. S.G. 110-117, £115 £30-40

23

october 23, 2012 - London

117

118

Ex 121

122

120

117 –– 21⁄2d. deep bright blue, a lower left corner plate number strip of three showing large“2” in “1⁄2”, lovely colour, fresh and fine unmounted mint. S.G. 79/79a, £285. Photo £120-150

118 1918 War Tax 1⁄2d. green, variety overprint double, fine unmounted mint. S.G. 86a,£900. Photo £350-450

119 1921-27 Script 1⁄2d. to 8/- with 11⁄2d., 3d., 6d. and 2/- shades plus additional 21⁄2d.marginal block of four, fine unmounted mint. S.G. 89-101, £460 £180-220

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125 + –– 6d. green and indigo block of four, the lower left stamp showing variety lightningconductor, fine unmounted mint. S.G. 116c, £275+. Photo £100-120

126 1937-2012 a basically complete unmounted mint collection, less 1938-52 issue and 1971(Feb.) 50p. and £1 se-tenant pairs, housed in three Lighthouse albums and a stockbookincluding booklets, Postage Dues and miniature sheets/sheetlets plus 1971 (Sept.)Military Uniforms 2p. with watermark inverted. Cat. £1800+ £300-400

Page 24

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Gibraltar - contd.

124 1935 Silver Jubilee, the set of four in vertical pairs, the upper stamp in each showingvariety extra flagstaff, fine mint. S.G. 114a-117a, £930. Photo £300-400

Ex 124

125

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Spink 12039 Fordwater Pages:Layout 1 23/7/12 10:47 Page 24

Page 27: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

132 1968 (Nov.) Christmas 4d., variety gold (star) omitted, fineunmounted mint. S.G. 211a, £850. Photo £300-400

133 1974 (Aug.) Military Uniforms 16p., variety watermark Crown toright of CA, fine unmounted mint. S.G. 334w, £160 £50-60

134 1977 (Apr.) 6p. Black kite and 15p. Winged Asparagus Pea, bothshowing variety watermark inverted, fine unmounted mint. S.G.381w, 384bw; £300 £100-120

128

132

129 131

25

october 23, 2012 - London

127 1938-52 1⁄2d. to £1 complete with most listed perfs, one 1/- very lightly mounted, therest unmounted mint. S.G. 121-131, £1128 £500-600

127A –– 11⁄2d. carmine, perf 131⁄2, fine unmounted mint. S.G. 123a, £275. Photo £100-120

127B –– 2d. grey, perf 131⁄2 watermark sideways, coil join at left, the odd very minor tone spoton reverse and the usual clipped perfs at top, otherwise fine unmounted mint. Rare. S.G.124ab, £750. Photo £200-250

127A 127B

128 1950 (Aug.) Legislative Council, 6d. carmine and grey-violet, marginal, variety overprintdouble, fine unmounted mint. B.P.A. Certificate (2005). S.G. 142a, £1000. Photo £400-500

129 1953-59 21⁄2d. deep carmine, variety watermark inverted, fine unmounted mint. S.G.149aw, £500. Photo £150-180

130 + 1965 (May) I.T.U. 4d. light emerald and yellow marginal block of four, varietywatermark inverted, fine unmounted mint. S.G. 180w, £128 £40-50

131 1966 (Aug.) Sea Angling 7d., variety black (value and inscription) omitted, fineunmounted mint. Rare. S.G. 191a, £1600. Photo £500-600

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Page 28: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

136 F 2d. purple-brown, unused, B.P.A. cachet on reverse, without gum, fine. Photo £150-180

137 F 4d. orange-brown without overprint, unused, Reproduction “B” without gum; also anunused example of the genuine stamp. Photo £300-400

Note: A previously unlisted reproduction - see Lowe and Walske, page 14. Sperati only usedthe basic Bermuda reproduction for producing the final Gibraltar “on Bermuda” forgeries;hence the stamp is correctly listed under Gibraltar, but may equally be of interest to Bermudacollectors.

138 F 6d. deep lilac unused, Reproduction “A” without gum; also an unused example of thegenuine stamp. Photo £150-180

SPERATI FORGERIES

(All ex Sir Gawaine Baillie)

1886 (Jan.) on Bermuda

Page 26

135

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136 137 138

Gibraltar - contd.

135 F Die proof of the overprint in black mounted on brown-surfaced card, marked“REPRODUCTION INTERDITE” and signed in pencil; slight creasing. Photo £250-300

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Page 29: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

141 F 1/- yellow-brown “used”, Reproduction “A”, “A26” duplex cancellation; B.P.A. cachet“289” on reverse. Photo £150-180

142 F 1/- yellow-brown “used” (4) comprising Reproduction “B”, Reproduction “C” (2;B.P.A. cachets on reverse, one numbered “14”) and Reproduction “D” unused; also anunoverprinted 1/- Reproduction “B”. Some faults. Photo £350-450

139

141 Ex 142

140

27

october 23, 2012 - London

139 F 1/- die proof in yellow-brown of the Bermuda stamp, signed in pencil and showingB.P.A. cachet “40” on reverse. Photo £700-900

Note: Sperati only used the basic Bermuda reproduction for producing the final Gibraltar“on Bermuda” forgeries; hence this die proof is correctly listed under Gibraltar, but mayequally be of interest to collectors of Bermuda.

140 F 1/- die proof in yellow-brown, lightly mounted on black surfaced card, fine. Photo £600-800

PROVENANCE:From one of three special presentation books personally prepared by Sperati.

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Page 30: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

144 F 4d. orange-brown unused, Reproduction “B” with gum; also genuine stamp overprinted“SPECIMEN”. Photo £150-180

145 F 4d. orange-brown “used”, Reproductions “B” and “C”, both with “A26” cancellations;also an unused example of the genuine stamp. Photo £400-500

1886-87 Issue

Page 28

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143

144 ––– 145 –––

Gibraltar, Sperati Forgeries - contd.

143 F 4d. die proof in orange-brown, Reproduction “B”, signed in pencil and with B.P.A.cachet on reverse. Photo £400-500

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Page 31: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

149 F 1/- die proof of the value in bistre, signed in pencil and with B.P.A. cachet on reverse.Photo £250-300

150 F 1/- working die proof in bistre on glazed buff-coloured paper, small marginal guidelineat foot, mounted on black-surfaced card. Photo £300-400

146

149 150

148

147

29

october 23, 2012 - London

146 F 6d. die proof in lilac, Reproduction “A”, signed in pencil with B.P.A. cachet on reverse.Photo £350-450

147 F 6d. die proof in lilac, Reproduction “B”, signed in pencil with B.P.A. cachet on reverse.Photo £350-450

148 F 6d. lilac “used”, Reproduction “B” with “A26” cancellation, signed in pencil on reverse;also the genuine stamp overprinted “SPECIMEN”. Photo £150-180

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Page 32: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

151 F 1/- bistre “used”, Reproduction “A” with “A26” cancellation, B.P.A. cachet “289” onreverse; also a used example of the genuine stamp. Photo £150-180

152 F 1/- bistre “used”, Reproduction “A”, cancelled “A26” and with B.P.A. cachet on reverse.Photo £150-180

153 F 1/- bistre “used”, Reproduction “B” with “A26” cancellation placed sideways. Photo £250-300

Note: A previously unlisted reproduction - see Lowe and Walske, page 21. Seven copies wereseen.

1889-96 Issue

Gibraltar, Sperati Forgeries - contd.

Page 30

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152 153

154

154 F 75c. olive-green unused, fresh, with gum; also an unused example of the genuine stamp.Photo £300-400

Note: A previously unlisted production - see Lowe and Walske, page 21. Four copies were seen.

not abLe to attend the saLe in person?spink have invested a great deal of energy in developing what we consider to be

one of the best online bidding platforms currently available

When you log on to spink Live you can immediately watch and listen to the auctioneeras he calls the bids while using the online platform to place your own bids

in real time. you never have to miss a bid again!

We now also offer spink Live for our auctions in new york, singapore,hong Kong and Lugano.

for more information on bidding using spink Live visitWWW.spinK.Com

Spink 12039 Fordwater Pages:Layout 1 23/7/12 10:47 Page 30

Page 33: The "Fordwater" Collections of Falkland Islands and Dependencies, Gibraltar and Malta

156 B 1865 (Apr.-July) CC, perf 14 1⁄2d. cinnamon, a top left corner block of six (3x2) withmarginal inscription at top, large part original gum and of fresh appearance; a few perfs atfoot with some light foxing on reverse. A scarce multiple. S.G. 4, £720. Photo £600-800

PROVENANCE:Clive Smith, December 2009

157 B 1868 CC perf 121⁄2 rough, 1⁄2d. pale yellow-brown block of twelve (3x4) with large partto full original gum, centred to right, superb. The largest recorded multiple. S.G. 14,£1800. Photo £2,000-2,500

PROVENANCE:Michael Lawson, May 1982Clive Smith, December 2009

–––––––––––––––––––––––– Ex 155 ––––––––––––––––––––––––

31

october 23, 2012 - London

156

157

MALTA

1860-84 Halfpenny

155 A fine mint range comprising no watermark, blued paper 1⁄2d. buff (regummed), whitepaper 1⁄2d. buff with part gum, CC perf 14 1⁄2d. bright orange with large part gum, 1⁄2d.yellow-buff unmounted mint and 1⁄2d. yellow unmounted mint, and CA 1⁄2d. orange-yellow and 1⁄2d. red-orange, both unmounted mint. Cat. £3200+. Photo £600-800

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158 159

160

162

Malta, 1860-84 Halfpenny - contd.

158 1870 (Apr.) CC perf 14 1⁄2d. dull orange, fine unmounted mint. S.G. 7, £300. Photo £100-120

159 1874 (Oct.) CC perf 14 1⁄2d. golden yellow (aniline), fine and very lightly mounted mint.R.P.S. Certificate (1978). S.G. 9, £325. Photo £100-120

160 + 1875 (Sept.) CC perf 14 1⁄2d. yellow-buff block of four, fresh and fine unmounted mint.S.G. 10, £320. Photo £150-180

PROVENANCE:David Barton, March 2009

161 B 1884 CA 1⁄2d. red-orange, a top right corner block of twelve (6x2), fresh and fineunmounted mint. S.G. 19, £216 £60-80

162 F Sperati 1⁄2d. buff unused, signed in pencil on reverse, with gum. Photo £300-400

PROVENANCE:Sir Gawaine Baillie, January 2007

163 1885-90 1⁄2d. (gum toned), 1d. carmine (2, one mounted), 2d., 21⁄2d. (6 including a blockof four), 4d., 1/- violet with plate number and 1886 CC 5/- (2, one with watermarkinverted), fine unmounted mint. S.G. 20-30, £649 £250-300

164 1899-1901 1⁄4d. (both) to 10/-, 1902 1d. on 21⁄2d. (6 including two pairs with one ineach showing “One/Pnney”), 1903-04 CA 1⁄2d. to 1/- and 1904-14 MCA 1⁄2d. to 1/-(both) less 1d. black and red and 5d. vermilion, fine mint, virtually all unmounted. Cat.£597 £200-250

165 1914-21 MCA 1⁄4d. (2), 1⁄2d. (2), 1d. (2), 2d. (2), 21⁄2d., 3d., 4d. (2), 6d., 1/- (4), 2/-,2/6d. and 5/-, 1917-18 War Tax and 1921-22 Script 1⁄4d. to 10/- (centred to right), fineand virtually all unmounted. S.G. 69-104 (less 96), £800+ £350-450

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the “fordWater” CoLLeCtion

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167 1919 (Mar.) MCA 10/- black with margin at right, unmounted mint. A very fine exampleof this rare stamp. S.G. 96, £3250. Photo £1,800-2,200

168 1922 Self-Government, MCA 1⁄2d. to 5/- and Script 1⁄4d. to 10/- (marginal, centred totop), fine mint, all but one unmounted. S.G. 106-122, £525 £200-250

169 1922-26 1⁄4d. to £1 (both) less 10/- but with additional 3d. cobalt block of four, 192521⁄2d. on 3d. (both) and 1926 (Apr.) 1⁄4d. to 10/-, fine unmounted mint. S.G. 123-156less 138, £497 £200-250

166

167

170

33

october 23, 2012 - London

166 –– 2/- purple and bright blue on blue, margin at right, showing variety nick in top rightscroll, very fine unmounted mint. S.G. 86c, £375. Photo £150-180

170 1926 (Apr.) 3d. black on yellow, variety overprint inverted, four sets of initials onreverse, fine and lightly mounted. S.G. 149a, £170. Photo £60-80

171 1926-27 1⁄4d. to 10/-, 1928 Air 6d., 1928 1⁄4d. to 10/- and 1930 1⁄4d. to 10/- less 41⁄2d.,fine unmounted mint. S.G. 157-209, £580+ £200-250

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174 1⁄2d. lower left corner block of ten (2x5), 6d. lower left corner block of six (2x3) and 1/-lower left corner block of four, each showing variety extra flagstaff partially erased, fineunmounted mint. Brandon Certificates (1998) for 6d. and 1/-. Photo for 1/- £200-250

Malta - contd.

1935 Silver Jubilee

Page 34

Ex 172

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the “fordWater” CoLLeCtion

Ex 173

Ex 174

172 The set of four in vertical pairs, the upper stamp in each showing variety extra flagstaff,fine unmounted mint. S.G. 210a-213a, £770+. Photo for 1/- £350-450

173 + The set of four in upper right corner blocks of four, each showing variety lightningconductor, fine unmounted, hinged in the selvedge only. S.G. 210c-213c, £725+. Photo £400-500

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175 + 6d. lower left corner block of four, one showing variety extra flagstaff, fine unmountedmint. S.G. 212c, £190. Photo £60-80

176 1937-2011 basically complete unmounted mint collection, housed in three Lighthousealbums and a stockbook, including miniature sheets/sheetlets, plus a few varietiesincluding 1938 5/- with semaphore flaw, 1964 (Sept.) Independence 2d. and 3d. withgold omitted, 1966 (Oct.) Christmas 1/3d. with gold omitted, and 1972 (Sept.) 5c. on1/3d. with varieties surcharge double and gold (centre) omitted. Cat. £2200+ £600-800

175

177

180

35

october 23, 2012 - London

177 1937 Coronation 11⁄2d. brown-lake, fine used. With normal for comparison. S.G. 215a,£600. Photo £200-250

178 1956-58 6d. indigo, variety watermark inverted, fine unmounted mint. S.G. 274w,£225 £70-90

179 1960 (Dec.) Stamp Centenary 3d. pair, the right-hand stamp showing variety blankcorner, fine unmounted mint. S.G. 302w, £400 £150-180

180 1964 (Apr.) Anti-Brucellosis Congress 2d., variety black (microscope etc) omitted, fineunmounted mint. S.G. 316a, £425. Photo £120-150

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1965-70 Issue

181 An unmounted mint range of errors comprising 1⁄2d. lower right corner plate numberblock of ten (5x2) with rose-pink printed twice, 1d. with gold (ancient lettering)omitted, 2d. with gold omitted, 21⁄2d. with gold (“SARACENIC”) omitted (2), 3d. withgold (windows) omitted and with “MALTA” silver omitted (lower right corner platenumber block of four and two singles), 4d. with silver omitted, 5d. with gold omitted(2), 6d. pair with silver omitted, 8d. (2) with gold (centre) omitted and with gold(framework) omitted, 1/- with gold (framework) omitted, 1/3d. with gold (centre)omitted, 1/6d. (2) with gold (centre) omitted and with gold (framework) omitted,2/- (2) with gold (centre) omitted and with gold (framework) omitted, and 3/- withgold (“1964”) omitted. Cat. £1800+ £500-600

182 + 1d. marginal block of four with white (Greek lettering and “PUNIC”) omitted, fineunmounted mint. With normal block for comparison. S.G. 331b, £440 £120-150

183 + 6d. block of four with black omitted, fine unmounted mint. S.G. 338b, £400 £150-180

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the “fordWater” CoLLeCtion

186188

185

Malta - contd.

184 10d. with “NAVAL ARSENAL” (gold) omitted, fine unmounted mint. S.G. 39ca, £325.Photo £100-120

185 1/3d. marginal horizontal pair, variety imperforate, fine unmounted mint. S.G. 341c,£375. Photo £120-150

186 10/- with gold (centre) omitted, fine unmounted mint. S.G. 347a, £300. Photo £100-120

187 1966 (Jan.) Churchill 1/- showing gold (shading) omitted, fine unmounted mint. Withnormal for comparison. S.G. 364a, £170 £50-60

188 1966 (May) kennedy 3d. with gold inscription omitted, fine unmounted mint. S.G.371a, £300. Photo £100-120

189 + 1973-76 4m. block of four with margin at foot, variety gold (inscription anddecoration) omitted, fine unmounted mint. S.G. 487a, £340 £100-120

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190 –– 4m. horizontal pair, variety imperforate, fine unmounted mint. S.G. 487b, £325.Photo £100-120

Postage Dues

191 1925-93 complete unmounted mint collection. S.G. D1-D53, £190 £60-80

190

192

37

october 23, 2012 - London

192 + 1925 (Apr.) 21⁄2d. block of four, the lower left stamp with “2” of “1⁄2” omitted; verticalcrease at left clear of designs, fine unmounted mint. S.G. D5a, £900. Photo £300-400

THE END OF THE SALE

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the “fordWater” CoLLeCtion

Auction Notes

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teL. home ______________________________________________ teL. offiCe ____________________________________________

fax ____________________________________________________ e-maiL ________________________________________________

signature _______________________________________________ vat number ___________________________________________

please indicate the type of card: visa visa debit masterCard sWitCh ameriCan express

PAYMENT MADE BY MASTERCARD OR VISA ARE SUBJECT TO A 2% SURCHARGE AND AMERICAN EXPRESS 4%

Card no: start date: issue no: seCurity Code:

signature expiry date name (on Credit Card)

please charge all purchases to my card

do not charge my card. i will arrange to send payment. (spink will only charge your card should you default on the payment terms agreed)

please hold my purchased lots for collection Continued ...

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saLe titLe date Code name saLe no.

The “Fordwater” Collections featuring Tuesday 23 October 2012 FORDWATER 12039Falkland Islands & Dependencies, Gibraltar & Malta at 2.30 p.m.

i request spink, without legal obligations of any kind on its part, to bid on the following Lots up to the price given below.i understand that if my bid is successful the purchase price payable will be the sum of the final bid and a premium as a percentage of the final bid (together with any vatchargeable). the rate of premium is 20% of the final hammer price of each lot.

all bids shall be treated as offers made on the terms and Conditions for buyers printed in the catalogue. i also understand that spink provides the service of executingbids on behalf of clients for the convenience of clients and that spink will not be held responsible for failing to execute bids. if identical commission bids are received forthe same Lot, the commission bid received first by spink will take precedence. please note that you will not be notified if there are higher written bids received. if yourequire such notification then this is available on bids made via spink live bidding service.

BIDDERS PLEASE NOTE OUR EXTENSION CLAUSES ON PAGE 2PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING

Lot number(in numerical order)

price bid £(excluding buyer’s premium)

Lot number(in numerical order)

price bid £(excluding buyer’s premium)

Lot number(in numerical order)

price bid £(excluding buyer’s premium)

23 OCTOBER 2012

LONDON

THE “FORDWATER”COLLECTIONS

FEATURING FALKLAND ISLANDS AND DEPENDENCIES, GIBRALTAR AND MALTA

69 Southampton Row, Bloomsbury,London WC1B 4ETtel: +44 (0)20 7563 4020fax: +44 (0)20 7563 4037

YOU CAN ALSO BID IN REAL TIME ON SPINK LIVE.JUST VISIT WWW.SPINK.COM TO REGISTER

WRITTEN BIDS FORM

this form should be sent or faxed to thespink auction office in advance of the sale.references for new clients should besupplied in good time to be taken upbefore the sale. bids received later thanone hour before the start of the sale maynot be processed.

name ______________________________________________________

address ____________________________________________________

____________________________________________________________

____________________________________________________________

postCode ___________________________________________________

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PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING

REFERENCES REQUIRED FOR CLIENTS NOT YET KNOWN TO SPINK

trade referenCes ________________________________________________________________________________________

banK referenCes _____________________________________________________________________________________________________

Lot number(in numerical order)

price bid £(excluding buyer’s premium)

Lot number(in numerical order)

price bid £(excluding buyer’s premium)

Lot number(in numerical order)

price bid £(excluding buyer’s premium)

date saLe no.

Tuesday 23 October 2012 12039at 2.30 p.m.

VAT is chargeable on the hammer andthe premium of daggered (†) and (Ω)lots at the standard rate (currently20%), and on lots marked (x) at thereduced rate (currently 5% on thehammer and 20% on the premium).vat on margin scheme lots is payableat 20% on the premium only.

BIDDING INCREMENTSbidding generally opens below the low estimate and advances in the following orderalthough the auctioneer may vary the bidding increments during the course of theauction. the normal bidding increments are:up to £100 by £5£100 to £300 by £10£300 to £600 £320-£350-£380-£400 etc.£600 to £1,000 by £50

£1,000 to £3,000 by £100£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc.£6,000 to £20,000 by £500

£20,000 and up auctioneer’s discretion

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Since Spink Live was launched on the 11th of July 2006, thousands of our clients have taken advantageof this revolutionary bidding platform. The system enables you to bid, watch and listen to our auctionsonline in real time. Another feature to Spink Live is the option to leave proxy bids and let the system bidon behalf for you.

To register for Spink Live today simply click on the register and download software link from the homepage at www.spink.com and follow a few simple steps to register and install our software.Please note the new version of Spink Live that is compatible with Mac’s will be available soon.

Step 1: Choose your saleroom locationStep 2: Download and install our softwareStep 3: Register for Spink LiveStep 4: Select your saleroom location: New York or London/Singapore/Hong kongStep 5: Activate user account using your confirmation email from Spink

Once the program is launched you will notice the “View Only” option from the console. This featureallows you to watch the auction live without bidding. For you to be able to participate in the auction, youwill be required to login using a login ID and password obtained through the registration process.

Every auction catalogue is presented on Spink Live for viewing and is also conveniently located on ourhome page. In addition to viewing an auction catalogue, clients can leave proxy bids by clicking on the lotimage from a catalogue sale. A new window will open and a submit proxy bid option will be available atthe top of the page. Then simply click on this button and login with your user ID and password to submityour bids.

If you have any additional questions about using this tried and trusted bidding service please contact ustoday at [email protected].

Spink 12039 Fordwater Pages:Layout 1 23/7/12 10:48 Page 41

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Penny Black, Plate 1b. Mint Block of 18.Sold through Private Treaty by Spink.

if you are interested in selling your entire collectionor single rare items, contact our specialists today

for more information on the advantage of private treaty sales

Tel: +44 (0)20 7563 4000 Fax: +44 (0)20 7563 4066 Email: [email protected] Southampton Row, Bloomsbury, London WC1B 4ET

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PRIVATE TREATY SALES

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The design for this magnifying glass is inspired bythe ‘S’ of Spink. Made in hallmarked sterling silverand fitted with a high-quality glass. Housed in asuede lined, luxurious leather sleeve. An ideal giftor acquisition for any discerning collector.Available in three sizes, prices start at £475.

To purchase or for further details please contactIan CopsonSpink, 69 Southampton Row, London WC1B 4ETtelephone: 020 7563 4093 or 020 7563 [email protected]

IS PLEASED TO PRESENT

THE GENTLEMAN’SMAGNIFYING GLASS

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Spink are pleased to provide our clients withexciting mobile technology which allows you totake Spink with you no matter where on the globeyou may be. The Spink iPhone/iPad application,which is available free of charge from the iTunesstore, is simple to download! Once installed theprogramme will download the latest auctioncatalogue instantly upon opening the application!

We do hope you find these tools useful! Should youhave any further questions or suggestions for howwe can improve our technology in an effort to assistour clients, please contact Berdia Qamarauli, Headof IT at Spink on [email protected].

What you can expect from the Spink app: Download auction catalogues straight to your

device, which are then viewable while online oroffline.

Search all available lots in sales. View lots individually and zoom in on important

item details. Share images, lots or entire auction catalogues

with friends via email, Twitter or Facebook. Email the Spink Concierge directly from your

device to leave bids or receive a quick reply to anyquery you may have.

WWW.spinK.Com

SPINK “ON THE GO” TECHNOLOGY

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TERMS AND CONDITIONS FOR BUYERSThese conditions set out the terms on which we (Spink and Son Limited of 69 Southampton Row, Bloomsbury London WC1B 4ET (company no. 04369748)) contractwith you (Buyer) either as agent on behalf of the Seller or as principal if we are the Seller. You should read these conditions carefully.

Spink Uni (07/11) (20)

1 DEFINITIONSThe following definitions in this condition apply in these conditions.

Auctioneers’ Margin Scheme means a VAT margin scheme as defined by HM Revenue & Customs;

Buyer’s Premium means the charge payable by you as a percentage of the Hammer Price, at the rates set out in clause 5.1 below;

Certificate of Authenticity means a certificate issued by an Expert Committee confirming the authenticity of a Lot;

Expert Committee means a committee of experts to whom a Lot may be sent for an extension in accordance with clause 3.4.3;

Forgery means a Lot constituting an imitation originally conceived and executed as a whole with a fraudulent intention to deceive as toauthorship, origin, age, period, culture or source where the correct description as to such matters is not reflected by the descriptionin the catalogue and which at the date of the auction had a value materially less than it would have had if it had been in accordancewith the description in the catalogue. Accordingly, no Lot shall be capable of being a Forgery by reason of any damage and/orrestoration work of any kind (including re-enamelling);

Hammer Price means the amount of the highest bid accepted by the auctioneer in relation to a Lot;

Lot means any item deposited with us for sale at auction and, in particular, the item or items described against any Lot number in anycatalogue;

Reserve the amount below which we agree with the Seller that the Lot cannot be sold;

Seller means the owner of the Lot being sold by us;

Spink Group Spink and Son Limited, our subsidiaries and associated companies.

VAT value added tax chargeable under VAT and any similar replacement or additional tax; and

VAT Symbols means the symbols detailing the VAT status of the Lot details of which are set out at the back of the catalogue.

2 SPINK’S ROLE AS AGENT

2.1 All sales undertaken by us either at auction or privately are undertakeneither as agent on behalf of the Seller or from time to time, as principalif we are the owner of the Lot. Please note that even if we are acting asagent on behalf of the Seller rather than as principal, we may have afinancial interest in the Lot.

2.2 The contract for the sale of the Lot will be between you and the Seller.

3 BEFORE THE SALE

3.1 Examination of goodsYou are strongly advised to examine personally any goods in which youare interested, before the auction takes place. Condition reports areusually available on request. We provide no guarantee to you otherthan in relation to Forgeries, as set out in clause 5.13 of these Termsand Conditions.

3.2 Catalogue descriptions

3.2.1 Statements by us in the catalogue or condition report, or madeorally or in writing elsewhere, regarding the authorship, origin,date, age, size, medium, attribution, genuineness, provenance,condition or estimated selling price of any Lot are merelystatements of opinion, and are not to be relied on as statements ofdefinitive fact. Catalogue illustrations are for guidance only, andshould not be relied on either to determine the tone or colour ofany item or to reveal imperfections. Estimates of the selling priceshould not be relied on as a statement that this price is either theprice at which the Lot will sell or its value for any other purpose.

3.2.2 Many items are of an age or nature which precludes their beingin perfect condition and some descriptions in the catalogue or givenby way of condition report make reference to damage and/orrestoration. We provide this information for guidance only and theabsence of such a reference does not imply that an item is free fromdefects or restoration nor does a reference to particular defectsimply the absence of any others.

3.2.3 Other than as set out in clause 5.13, and in the absence of fraud,neither the Seller nor we, nor any of our employees or agents, areresponsible for the correctness of any statement as to theauthorship, origin, date, age, attribution, genuineness orprovenance of any Lot nor for any other errors of description or forany faults or defects in any Lot.

3.3 Your ResponsibilityYou are responsible for satisfying yourself as to the condition of thegoods and the matters referred to in the catalogue description.

3.4 Extensions – Stamps only3.4.1 If you wish to obtain an expert opinion or Certificate of

Authenticity on any Lot (other than a mixed Lot or Lot containingundescribed stamps) you must notify us in writing not less thanforty-eight hours before the time fixed for the commencement of

the first session of the sale. If accepted by us, such request shall havethe same effect as notice of an intention to question thegenuineness or description of the Lot for the purposes of clause5.13 (Refund in the case of Forgery) of these Terms andConditions and the provisions of clause 5.13 (Refund in the case ofForgery) shall apply accordingly.

3.4.2 Notice of a request for an expert opinion or Certificate ofAuthenticity must give the reason why such opinion is required andspecify the identity of your proposed expert which will be subjectto agreement by us. We reserve the right, at our discretion, torefuse a request for an expert opinion or Certificate of Authenticityincluding (without limitation) where the proposed expert is notknown to us.

3.4.3 If we accept a request for an expert opinion or Certificate ofAuthenticity we will submit the Lot to the Expert Committee. Youacknowledge and accept that the length of time taken by an ExpertCommittee to reach an opinion will vary depending on thecircumstances and in any event is beyond our control.

3.4.4 We will not normally accept a request for an extension onaccount of condition. Any Lot described in the catalogue as havingfaults or defects may not be returned even if an expert opinion orCertificate of Authenticity cites other faults or defects not includedin the catalogue description, other than in the case of a Forgery.

3.4.5 Should Spink accept a request for an extension under theforegoing provisions of this paragraph, the fact may be stated by theAuctioneer from the rostrum prior to the sale of the Lot.

3.4.6 It should be noted that any stamp accompanied by a Certificateof Authenticity is sold on the basis of that Certificate only and noton the basis of any other description or warranty as to authenticity.No request for an extension will be accepted on such a stamp andthe return of such a stamp will not be accepted.

4 AT THE SALE

4.1 Refusal of admissionOur sales usually take place on our own premises or premises overwhich we have control for the sale, and we have the right, exercisableat our complete discretion, to refuse admission to the premises orattendance at an auction.

4.2 Registration before biddingYou must complete and sign a registration form and provideidentification before making a bid at auction. Please be aware that weusually require buyers to undergo a credit check.Some lots may be designated, prior to the auction, as “Premium Lots”,which means a deposit may be required before placing a bid on theitem for sale. Information will be posted on our website in such anevent.

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Spink Uni (07/11) (20)

4.3 Bidding as PrincipalWhen making a bid (whether such bids are made in person or byway of telephone bids operated by Spink, commission or online oremail bids), you will be deemed to be acting as principal and will beaccepting personal liability, unless it has been agreed in writing, at thetime of registration, that you are acting as agent on behalf of a thirdparty buyer acceptable to us.

4.4 Commission BidsIf you give us instructions to bid on your behalf, by using the formprovided in our catalogues or via our website, we shall use reasonableendeavours to do so, provided these instructions are received not laterthan 24 hours before the auction. If we receive commission bids on aparticular Lot for identical amounts, and at auction these bids are thehighest bids for the Lot, it will be sold to the person whose bid wasreceived first. Commission bids are undertaken subject to othercommitments at the time of the sale, and the conduct of the auctionmay be such that we are unable to bid as requested. Since this isundertaken as a free service to prospective buyers on the terms stated,we cannot accept liability for failure to make a commission bid. Youshould therefore always attend personally if you wish to be certain ofbidding.

4.5 On-line BiddingWe offer internet services as a convenience to our clients. We will notbe responsible for errors or failures to execute bids placed on theinternet, including, without limitation, errors or failures caused by (i) aloss of internet connection by either party for whatever reason; (ii) abreakdown or problems with the online bidding software and/or (iii)a breakdown or problems with your internet connection, computer orsystem. Execution of on-line internet bids is a free service undertakensubject to other commitments at the time of the auction and we do notaccept liability for failing to execute an online internet bid or for errorsor omissions in connection with this activity.

4.6 Telephone BidsIf you make arrangements with us not less than 24 hours before thesale, we shall use reasonable endeavours to contact you to enable youto participate in bidding by telephone, but in no circumstances will webe liable to either the Seller or you as a result of failure to do so.

4.7 Currency ConverterAt some auctions, a currency converter will be operated, based on theone month forward rates of exchange quoted to us by Barclays BankPlc or any other appropriate rate determined by us, at opening on thedate of the auction. Bidding will take place in a currency determined byus, which is usually sterling for auctions held in London. The currencyconverter is not always reliable, and errors may occur beyond ourcontrol either in the accuracy of the Lot number displayed on theconverter, or the foreign currency equivalent of sterling bids. We shallnot be liable to you for any loss suffered as a result of you following thecurrency converter.

4.8 Video imagesAt some auctions there will be a video screen. Mistakes may occur in itsoperation, and we cannot be liable to you regarding either thecorrespondence of the image to the Lot being sold or the quality of theimage as a reproduction of the original.

4.9 Bidding IncrementsBidding generally opens below the low estimate and advances in thefollowing order although the auctioneer may vary the biddingincrements during the course of the auction. The normal biddingincrements are:

Up to £100 by £5£100 to £300 by £10£300 to £600 £320-£350-£380-£400 etc.£600 to £1,000 by £50£1,000 to £3,000 by £100£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc.£6,000 to £20,000 by £500£20,000 and up Auctioneer’s discretion

4.10 Bidding by Spink4.10.1 We reserve the right to bid on Lots on the Seller’s behalf up to

the amount of the Reserve (if any), which will never be above thelow estimate printed in the auction catalogue.

4.10.2 The Spink Group reserves the right to bid on and purchaseLots as principal.

4.11 The Auctioneer’s DiscretionThe auctioneer has the right at his absolute discretion to refuse any bidto advance the bidding in such manner as he may decide to withdrawor divide any Lot, to combine any two or more Lots and, in the case oferror or dispute, to put an item up for bidding again.

4.12 Successful BidSubject to the auctioneer’s discretion, the striking of his hammer marksthe acceptance of the highest bid, provided always that such bid ishigher than the Reserve (where applicable), and the conclusion of acontract for sale between you and the Seller.

4.13 After Sale ArrangementsIf you enter into any private sale agreements for any Lot with the Sellerwithin 60 days of the auction, we, as exclusive agents of the Sellerreserve the right to charge you the applicable Buyer’s Premium inaccordance with these Terms and Conditions, and the Seller acommission in accordance with the terms of the Seller’s agreement.

4.14 Return of LotOnce your bid has been accepted for a Lot then you are liable to payfor that Lot in accordance with these Terms and Conditions. If thereare any problems with a Lot then you must notify us within 7 days ofreceipt of the Lot, specifying the nature of the problem. We may thenrequest that the Lot is returned to us for inspection. Save as set out inclause 5.13, the cancellation of the sale of any Lot and the refund ofthe corresponding purchase price is entirely at our sole discretion. Wewill not normally exercise that discretion if the Lot is not received byus in the same condition that it was in at the auction date.

5 AFTER THE AUCTION5.1 Buyer’s Premium

In addition to the Hammer Price, you must pay us the Buyer’sPremium at a rate of 20% of the final Hammer Price of each Lot.

5.2 Value Added TaxOther than in respect of Zero-rated Lots (o) (see VAT Symbols fordetails), VAT is payable on the Buyer’s Premium and on the HammerPrice, if the Lot has been marked with a sign to that effect in thecatalogue (see VAT Symbols for details).

5.3 VAT RefundsGeneral5.3.1 As we remain liable to account for VAT on all Lots unless they

have been exported outside the EU within 3 months of the date ofsale, you will generally be asked to deposit all amounts of VATinvoiced. However, if a Spink nominated shipper is instructed, thenany refundable VAT will not be collected. In all other cases creditswill be made when proof of export is provided. If you export theLot yourself you must obtain shipping documents from theShipping Department for which a charge of £50 will be made.

5.3.2 If you export the Lot you must return the valid proof of exportcertificate to us within 3 months of the date of sale. If you fail toreturn the proof of export certificate to us within such period andyou have not already accounted to us for the VAT, you will beliable to us for the full amount of the VAT due on such Lot and weshall be entitled to invoice you for this sum.

5.3.3 To apply for a refund of any VAT paid, the proof of exportcertificate must be sent to our Shipping Department clearly marked‘VAT Refund’ within 3 months of the date of sale. No payment willbe made where the total amount of VAT refundable is less than £50and Spink will charge £50 for each refund processed.

VAT Refunds - Buyers from within the EU5.3.4 VAT refunds are available on the Hammer Price and Buyer’s

Premium of Daggered (†) and Investment Gold (g) Lots. You mustcertify that you are registered for VAT in another EU country andthat the Lot is to be removed from the United kingdom within 3months of the date of sale.

5.3.5 Where an EU buyer purchases a Lot on which import VAT hasbeen charged, no refund of VAT is available from us. It may bepossible to apply directly for a refund on form VAT 65 toHM Revenue & Customs Overeseas Repayment Section,Londonderry.

VAT Refunds – Buyers from outside the EU5.3.6 Where a Lot is included within the Auctioneers’ Margin Scheme

and evidence of export from the EU is produced within 3 monthsof the date of sale, the VAT element included within the Buyer’sPremium may be refunded.

5.3.7 Where the Lot is marked as a Daggered (†) or Investment Gold(g) Lot the VAT charged on the Hammer Price may be refundedwhere evidence of export from the EU is produced within 3months of the date of sale. A refund of VAT charged on the Buyer’sPremium can also be made on receipt of proof of business as acollectibles dealer.

5.3.8 Where the Lot is marked as an Omega (Ω) Lot or an ImportVAT (x) Lot and evidence of export from the EU is producedwithin 3 months of the date of sale, the VAT charged on both theHammer Price and Buyer’s Premium may be refunded. Whererequired, we can advise you on how to export such Lots as a specificform of export evidence is required. Where we advise you on theexport of the Lots, please be aware that the ultimate responsibilityin respect of obtaining a valid proof of export certificate will lie withyou and we will not be responsible for your failure to obtain suchcertificate.

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5.4 Payment5.4.1 You must provide us with your full name and permanent address

and, if so requested, details of the bank from which any paymentsto us will be made. You must pay the full amount due (comprisingthe Hammer Price, the Buyer’s Premium and any applicable VAT)within seven days after the date of the sale. This applies even if youwish to export the Lot and an export licence is (or may be)required.

5.4.2 You will not acquire title to the Lot until all amounts duehave been paid in full. This includes instances where specialarrangements were made for release of Lot prior to full settlement.

5.4.3 Payment should be made in sterling by one of the followingmethods:II(i) Direct bank transfer to our account details of which are set

out on the invoice. All bank charges shall be met by you.Please ensure that your client number is noted on thetransfer.

i(ii) By cheque or bank draft made payable to Spink and Son Ltdand sent to Spink at 69 Southampton Row, Bloomsbury,London WC1B 4ET. Please note that the processing chargesfor payments made by cheques or bank drafts drawn on anon-U.k bank shall be met by you. Please ensure that theremittance slip printed at the bottom of the invoice isenclosed with your payment.

(iii) By Visa or Mastercard. A charge of 2% will be applied.Payments exceeding £5,000 can normally only be made bythe card holder in person whilst on our premises.

5.4.4 Payments should be made by the registered buyer and not bythird parties, unless it has been agreed at the time of registrationthat you are acting as an agent on behalf of a third party.

5.5 InvoicesInvoices may consist of one or more pages and will show: Zero ratedLots (o); no symbol Lots sold under the Auctioneers’ Margin Scheme;Lots marked (g) special scheme Investment Gold; Daggered Lots (†),imported Lots marked (x) and (Ω), (e) Lots with Zero rated hammerfor EU VAT registered buyers.

5.6 Collection of Purchases5.6.1 Unless we specifically agree to the contrary, we shall retain items

sold until all amounts due to us, or to the Spink Group, have beenpaid in full.

5.6.2 Unless we notify you to the contrary, items retained by us willbe covered in accordance with our policy which is available forinspection at our offices from the date of sale for a period of sevendays or until the time of collection, whichever is sooner. After sevendays or from the time of collection, whichever is the earlier, the Lotwill be entirely at your risk.

5.6.3 Our policy will not cover and we are unable to acceptresponsibility for damage caused by woodworm, changes inatmospheric conditions or acts of terrorism.

5.7 NotificationWe are not able to notify successful bidders by telephone. WhileInvoices are sent out by mail after the auction we do not acceptresponsibility for notifying you of the result of your bid. You arerequested to contact us by telephone or in person as soon as possibleafter the auction to obtain details of the outcome of your bids to avoidincurring charges for late payment.

5.8 Packing and handling5.8.1 We shall use all reasonable endeavours to take care when

handling and packing a purchased Lot but remind you that afterseven days or from the time of collection, whichever is sooner, theLot is entirely at your risk. Our postage charges are set out at theback of the catalogue.

5.8.2 It is the responsibility of the Buyer to be aware of any ImportDuties that may be incurred upon importation to the finaldestination. Spink will not accept return of any package in order toavoid these duties. The onus is also on the Buyer to be aware of anyCustoms import restrictions that prohibit the importation ofcertain collectibles. Spink will not accept return of the Lot(s) underthese circumstances. Spink will not accept responsibility for Lot(s)seized or destroyed by Customs.

5.9 Recommended packers and shippersIf required our shipping department may arrange shipment as youragent. Although we may suggest carriers if specifically requested, oursuggestions are made on the basis of our general experience of suchparties in the past and we are not responsible to any person to whomwe have made a recommendation for the acts or omissions of the thirdparties concerned.

5.10 Remedies for non-payment or failure to collect purchases5.10.1 If you fail to make payment within seven days of your stipulated

payment date set out in your invoice, we shall be entitled to exerciseone or more of the following rights or remedies:5.10.1.1 to charge interest at the rate of 2% per month compound

interest, calculated on a daily basis, from the date the fullamount is due;

5.10.1.2 to set off against any amounts which the Spink Group mayowe you in any other transaction the outstanding amountremaining unpaid by you;

5.10.1.3 we may keep hold of all or some of your Lots or otherproperty in the possession of the Spink Group until you havepaid all the amounts you owe us or the Spink Group, even if theunpaid amounts do not relate to those Lots or other property.Following fourteen days’ notice to you of the amountoutstanding and remaining unpaid, the Spink Group shall havethe right to arrange the sale of such Lots or other property. Weshall apply the proceeds in discharge of the amount outstandingto us or the Spink Group, and pay any balance to you;

5.10.1.4 where several amounts are owed by you to the SpinkGroup in respect of different transactions, to apply any amountpaid to discharge any amount owed in respect of any particulartransaction, whether or not you so direct;

5.10.1.5 to reject at any future auction any bids made by you or onyour behalf or obtain a deposit from you before accepting anybids.

5.10.2 If you fail to make payment within thirty-five days, we shall inaddition be entitled:

5.10.2.1 to cancel the sale of the Lot or any other item sold to youat the same or any other auction;

5.10.2.2 to arrange a resale of the Lot, publicly or privately, and, ifthis results in a lower price being obtained, claim the balancefrom you together with all reasonable costs including a 20%seller’s commission, expenses, damages, legal fees, commissionsand premiums of whatever kind associated with both sales orotherwise, incurred in connection with your failure to makepayment; or

5.10.2.3 take any other appropriate action as we deem fit.

5.11 Failure to collectWhere purchases are not collected within seven days after the sale,whether or not payment has been made, you will be required to pay astorage charge of £2 per item per day plus any additional handling costthat may apply. You will not be entitled to collect the Lot until alloutstanding charges are met, together with payment of all otheramounts due to us.

5.12 Export Licence5.12.1 If required we can, at our discretion, advise you on the detailed

provisions of the export licensing regulations. Where we advise youin relation to export licensing regulations the ultimate responsibilityin respect of any export will lie with you and we will not beresponsible for your failure to apply for any necessary licences.

5.12.2 If the Lot is going to be hand carried by you, you may berequired to produce a valid export licence to us or sign a waiverdocument stating that a licence will be applied for.

5.12.3 You should always check whether an export licence is requiredbefore exporting. Export licences are usually obtained within twoor three weeks but delays can occur.

5.12.4 Unless otherwise agreed by us in writing, the fact that you wishto apply for an export licence does not affect your obligation tomake payment within seven days nor our right to charge interest onlate payment.

5.12.5 If you request that we apply for an export licence on yourbehalf, we shall be entitled to recover from you our disbursementsand out of pocket expenses in relation to such application, togetherwith any relevant VAT.

5.12.6 We will not be obliged to rescind a sale nor to refund anyinterest or other expenses incurred by you where payment is madeby you despite the fact that an export licence is required.

5.13 Refund in the case of Forgery5.13.1 A sale will be cancelled, and the amount paid refunded to you

if a Lot (other than a miscellaneous item not described in thecatalogue) sold by us proves to have been a Forgery. We shall nothowever be obliged to refund any amounts if either (a) thecatalogue description or saleroom notice at the auction datecorresponded to the generally accepted opinion of scholars orexperts at that time, or fairly indicated that there was a conflict ofopinions, or (b) it can be demonstrated that the Lot is a Forgeryonly by means of either a scientific process not generally acceptedfor use until after publication of the catalogue or a process which atthe date of the auction was unreasonably expensive or impracticableor likely to have caused damage to the Lot. Furthermore, youshould note that this refund can be obtained only if the followingconditions are met:

5.13.1.1 you must notify us in writing, within seven days of thereceipt of the Lot(s), that in your view the Lot concerned is aForgery;

5.13.1.2 you must then return the item to us within fourteen daysfrom receipt of the Lot(s), in the same condition as at theauction date; and

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5.13.1.3 as soon as possible following return of the Lot, you mustproduce evidence satisfactory to us that the Lot is a Forgery andthat you are able to transfer good title to us, free from any thirdparty claims.

5.13.2 In no circumstances shall we be required to pay you any morethan the amount paid by you for the Lot concerned and you shallhave no claim for interest.

5.13.3 The benefit of this guarantee is not capable of beingtransferred, and is solely for the benefit of the person to whom theoriginal invoice was made out by us in respect of the Lot when soldand who, since the sale, has remained the owner of the Lot withoutdisposing of any interest in it to any third party.

5.13.4 We shall be entitled to rely on any scientific or other process toestablish that the Lot is not a Forgery, whether or not such processwas used or in use at the date of the auction.

6 LIABILITYNothing in these Terms and Conditions limits or excludes our liability for:6.1 death or personal injury resulting from negligence; or6.2 any damage or liability incurred by you as a result of our fraud or

fraudulent misrepresentation.7 COPYRIGHT

7.1 We shall have the right (on a non-exclusive basis) to photograph, videoor otherwise produce an image of the Lot. All rights in such an imagewill belong to us, and we shall have the right to use it in whatever waywe see fit.

7.2 The copyright in all images, illustrations and written material relatingto a Lot is and shall remain at all times our property and we shall havethe right to use it in whatever way we see fit. You shall not use or allowanyone else to use such images, illustrations or written material withoutour prior written consent.

8 VATYou shall give us all relevant information about your VAT status and that ofthe Lot to ensure that the correct information is printed in the catalogues.Once printed, the information cannot be changed. If we incur any unforeseencost or expense as a result of the information being incorrect, you willreimburse to us on demand the full amount incurred.

9 NOTICESAll notices given under these Terms and Conditions may be served personally,sent by 1st class post, or faxed to the address given to the sender by the otherparty. Any notice sent by post will be deemed to have been received on thesecond working day after posting or, if the addressee is overseas, on the fifthworking day after posting. Any notice sent by fax or served personally will bedeemed to be delivered on the first working day following despatch.

10 ADDITIONAL PROVISIONSThe following provisions of this clause 10 shall apply only if you are acting forthe purposes of your business.10.1 Limitation of Liability

Subject to clause 6, we shall not be liable, whether in tort (includingfor negligence) or breach of statutory duty, contract, misrepresentationor otherwise for any:10.1.1 loss of profits, loss of business, depletion of goodwill and/or

similar losses, loss of anticipated savings, loss of goods, loss ofcontract, loss of use, loss of corruption of data or information; or

10.1.2 any special, indirect, consequential or pure economic loss,costs, damages, charges or expenses.

10.2 SeverabilityIf any part of these Terms and Condition is found by any court to beinvalid, illegal or unenforceable, that part may be discounted and therest of the conditions shall continue to be valid and enforceable to thefullest extent permitted by law.

10.3 Force majeureWe shall have no liability to you if we are prevented from, or delayedin performing, our obligations under these Terms and Conditions orfrom carrying on our business by acts, events, omissions or accidentsbeyond our reasonable control, including (without limitation) strikes,lock-outs or other industrial disputes (whether involving our workforceor the workforce of any other party), failure of a utility service ortransport network, act of God, war, riot, civil commotion, maliciousdamage, compliance with any law or governmental order, rule,regulation or direction, accident, breakdown of plant or machinery,fire, flood, storm or default of suppliers or subcontractors.

10.4 Waiver10.4.1 A waiver of any right under these Terms and Conditions is only

effective if it is in writing and it applies only to the circumstancesfor which it is given. No failure or delay by a party in exercising anyright or remedy under these Terms and Conditions or by law shallconstitute a waiver of that (or any other) right or remedy, norpreclude or restrict its further exercise. No single or partial exerciseof such right or remedy shall preclude or restrict the further exerciseof that (or any other) right or remedy.

10.4.2 Unless specifically provided otherwise, rights arising underthese Terms and Conditions are cumulative and do not excluderights provided by law.

10.5 Law and Jurisdiction10.5.1 These Terms and Conditions and any dispute or claim arising

out of or in connection with them or their subject matter, shall begoverned by, and construed in accordance with, the law of Englandand Wales.

10.5.2 The parties irrevocably agree that the courts of England andWales shall have exclusive jurisdiction to settle any dispute orclaim that arises out of, or in connection with, Terms andConditions or their subject matter.

Postal Charges

Prices for books(items sent by this method are not covered by insurance)

Prices for all other items including postage and packaging

Shipments of more than 2kg or volumetric measurement of more than 2kg have tobe sent by courier. Certain countries may incur extra charge when courier servicesare required by our insurance policy. For lots sent by courier please [email protected] for calculation of any further relevant cost in addition tothe above charges.

Value Added Tax (VAT)

Charging of (VAT) at AuctionThe information shown on this page sets out the way in which Spink intends toaccount for VAT.

i. Auctioneers’ Margin Scheme1. Where possible, we will offer Lots for sale under the Auctioneers’

Margin Scheme. Such Lots can be identified by the absence of anysymbol next to the Lot number in the catalogue and will not besubject to VAT on the Hammer Price.

2. Where Lots are sold using the Auctioneers’ Margin Scheme toVAT–registered businesses, the VAT included within the Buyers’Premium is not recoverable as input tax. Upon request on sale day,we will issue invoices that show VAT separately on both the HammerPrice and the Buyer’s Premium. This will enable VAT-registeredbusinesses to recover the VAT charged as input tax, subject to thenormal rules for recovering input tax.

ii. Zero-Rated LotsLimited Categories of goods, such as books, are Zero-rated (o) for VAT inthe United kingdom. Such Lots are offered under the Auctioneers’ MarginScheme. In these circumstances no VAT element will be included withinthe Buyer’s Premium.

iii. Daggered LotsLots which are Daggered (†) in the catalogue are subject to VAT at 20%on both the Hammer Price and the Buyer’s Premium.

iv. Starred and Omega LotsLots which are marked (x) in the catalogue are subject to VAT at 5% onthe Hammer Price and 20% on the Buyer’s Premium which is shown asinclusive of VAT. Lots which bear the Omega symbol (Ω) are subject toVAT at 20% on the Hammer Price and on the Buyer’s Premium. Such Lotsbear VAT because the Lot is liable for VAT at this rate on importation intothe EU.

v. Investment Gold LotsLots marked (g) in the catalogue are exempt from VAT on the HammerPrice and are subject to VAT at 20% on the Buyer’s Premium. A refund ofVAT charged on the Buyer’s Premium can also be made on receipt of proofof business as a collectibles dealer.

vi. Imported LotsLots which are marked (x) and Lots which bear the Omega symbol (Ω)have VAT charged on the Hammer Price and Buyers’ Premium becausethey have been imported into the United kingdom from outside the EU.In these cases we have used a temporary importation procedure, which ineffect means that the point of importation is deferred until the Lot has beensold. At this point the Buyer is treated as the importer and is liable to paythe import VAT due. We will collect the VAT from you and pay it to HMCustoms and Excise on your behalf.

Invoice Value UK EU Rest of the WorldUp to £1,500 £10 £15 £20

Above £1,501 £20 £30 £40

Weight UK EU Rest of the WorldUp to 1kg £8 for any weight £12 £15

Up to 2kg £8 for any weight £18 £25

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BANKNOTES

22/23 August The Collector’s Series Sale New York 31424 August The Collector’s Series Sale Hong Kong 1203326 September Charity Auction of Bank of England Notes London 120372 October The David Kirch Collection of Bank of England Notes - Part I London 120342 October The David Kirch Collection of English Provincial Banknotes - Part I London 120353/4 October World Banknotes London 1202313/14 November The Collector’s Series Sale New York 3156 December World Banknotes London 1202412 January Banknotes of Hong Kong and China Hong Kong 1300515/16 January The Collector’s Series Sale New York 316

SALE CALENDAR 2012/2013

The above sale dates are subject to change

Spink offers the following services:– VALUATIONS FOR INSURANCE AND PROBATE FOR INDIVIDUAL ITEMS OR WHOLE COLLECTIONS –– SALES ON A COMMISSION BASIS EITHER OF INDIVIDUAL PIECES OR WHOLE COLLECTIONS –

STAMPS

24 August The Collector’s Series Sale Hong Kong 1203312 September The Chartwell Collection - GB King Edward VIII, King George VI and Queen Elizabeth II London 1201713 September The Gavin Littaur Collection of British Postal History. Selected rare covers from the period 1840-53 London 1204513 September Great Britain Stamps Specialised Sale London 1201822 September Fine Stamps and Covers of South East Asia Singapore 12019Early October The Collector’s Series Sale Hong Kong23 October Victoria Half Lengths - The John Barwis Collection London 1204223 October The “Fordwater” Collections of Falkland Islands, Gibraltar and Malta London 1203923 October Latin America, including the Tito Collection - Part II Lugano SW100324 October Queensland - The Alan Griffiths Collection London 1204324 October The Collector’s Series Sale Lugano SW10047 November The Collector’s Series Sale London 120208/9 November The Collector’s Series Sale New York13/14 November The Morgan Collection of Australian Commonwealth London 1204612 December The Chartwell Collection - GB Line-Engraved Essays, Proofs, Stamps and Covers - Part IV London 1202113 January The Mizuhara Collection of Korean Stamps Hong Kong 1300813 January Fine Stamps and Covers of Hong Kong and China Hong Kong 13009

COINS

22/23 August The Collector’s Series Sale New York 31424 August The Collector’s Series Sale Hong Kong 1203326/27 September Ancient, English & Foreign Coins and Commemorative Medals London 1202613/14 November The Collector’s Series Sale New York 3154 December Ancient, English & Foreign Coins and Commemorative Medals London 1202712 January Fine Coins of Hong Kong and China Hong Kong 1300715/16 January The Collector’s Series Sale New York 316

MEDALS

6 September The Bentley Priory Battle of Britain Trust Appeal Charity Auction London 1204422 November Orders, Decorations, Campaign Medals & Militaria London 1200425 April Orders, Decorations, Campaign Medals & Militaria London 1300125 July Orders, Decorations, Campaign Medals & Militaria London 1300221 November Orders, Decorations, Campaign Medals & Militaria London 13003

BONDS AND SHARES

22/23 August The Collector’s Series Sale New York 31424 August The Collector’s Series Sale Hong Kong 1203313/14 November The Collector’s Series Sale New York 31528 November Bonds and Share Certificates of the World London 1201112 January Bonds and Share Certificates of Hong Kong and China Hong Kong 1300615/16 January The Collector’s Series Sale New York 316

AUTOGRAPHS

22/23 August The Collector’s Series Sale New York 31413/14 November The Collector’s Series Sale New York 31515/16 January The Collector’s Series Sale New York 316

WINES

September An Evening of Exceptional Wines Hong KongNovember An Evening of Exceptional Wines Hong Kong

GROUP CHAIRMAN AND CEO

Olivier D. Stocker

YOUR SPECIALISTS

STAMPS

UK - Tim Hirsch Guy Croton David Parsons Nick Startup Neill GrangerPaul Mathews Dominic Savastano Tom Smith

USA - Chris Anderson George Eveleth Andrew Titley Ed Robinson Rick PenkoEUROPE - Guido Craveri Fernando Martínez

CHINA - Anna Lee Johnny SangCOINS

UK - Paul Dawson Julie-Morgane Lecoindre Richard Bishop William MacKayBarbara Mears John Pett

USA - Stephen Goldsmith Matthew Orsini Normand PepinCHINA - Mark Li

BANKNOTES, BONDS & SHARES

UK - Barnaby Faull Mike Veissid Andrew Pattison Tom BadleyUSA - Stephen Goldsmith Matthew Orsini

China - Mark LiORDERS, DECORATIONS, MEDALS & MILITARIA

UK - Mark Quayle Oliver PepysBOOKS

UK - Philip SkingleyAUTOGRAPHS

USA - Stephen GoldsmithWINES

CHINA - Anna Lee

YOUR EUROPE TEAM (LONDON - LUGANO)

Chairman’s OfficeDennis Muriu Monica Kruber

DirectorsTim Hirsch Anthony Spink

Auction & Client Management TeamMiroslava Adusei-Poku Sandie Maylor Charles Blane Luca BorgoPhillipa Brown Rita Ariete María Martínez Maurizio Schenini

FinanceAlison Bennet Marco Fiori Mina Bhagat Alison Kinnaird Shyam Padhiar Billy Tumelty

IT & AdministrationBerdia Qamarauli Attila Gyanyi Liz Cones Curlene Spencer John Winchcombe

Bobby McBrierty Tom Robinson Cristina Dugoni Giacomo Canzi

YOUR AMERICA TEAM (NEW YORK - DALLAS)

Chairman EmeritusJohn Herzog

Auction Administration and Marketing & DesignRick Penko Patricia Gardner James McGuire Emily Cowin Clyde Townsend

Finance & AdministrationSam Qureshi Ingrid Qureshi Ed Robinson

AuctioneersStephen Goldsmith Tracy Shreve Andrew Titley

YOUR ASIA TEAM (HONG KONG - SINGAPORE)

Vice ChairmanAnna Lee

AdministrationAmy Yung Dennis Chan Raymond Tat Gary Tan

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2012

STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES

69 Southampton Row, Bloomsbury, London WC1B 4ETwww.spink.com

23 OCTOBER 2012

LONDON

£25

THE “FORDWATER”COLLECTIONS

FEATURING FALKLAND ISLANDS AND DEPENDENCIES, GIBRALTAR AND MALTA

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