Lot
457 
Australia, 1918, King George V, 1d rose red, Die III, bisect, used pair, 2nd watermark, left stamp diagonally bisected and tied on cover to Ivanhoe by Melbourne "2 DE 18" machine cancel with "Victoria" slug, Very Fine. Scott No. 21c. SG No. 53 Estimate $250 - 350.
The increased ½d war tax on letters taking effect on November 4th, 1918 lead to shortages of ½d issues with the 1d values at times being bisected.
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Realized: $675