Quick answer
GB George V low-value stamp value depends on the portrait, watermark, printing and condition, not simply a red penny denomination. On October 17, 2026, verified retail asks included GBP 0.15 for a used SG440 photogravure single and GBP 6.50 for an unmounted mint SG329 Downey single. These are seller asks, not completed sales.[4][8]
The quick answer for Britain's red penny stamps
There is no single price for a one penny red stamp with King George V. The early Downey portrait, the later full profile and the photogravure versions belong to different identification paths. Even among penny stamps, a Crown-watermarked Downey single is not a substitute for a Royal Cypher profile or a Block Cypher issue. The dated table below keeps those comparisons separate.[1][3]
This guide covers the ordinary British low-value definitives, including the green halfpenny and other denominations that help identify the series. It does not value every colonial George V portrait. For a stamp inscribed AUSTRALIA, use the Australian George V guide. The British Seahorse guide covers the larger high-value design with Britannia and horses, not these small definitives.
Start with the inscription, face value and portrait. Next record the printing, watermark and physical format. Only then choose a dealer comparison with the same condition. A red appearance in a photograph is a sorting clue, not an authenticated shade. The useful outcome is a defensible identification record, even when that record ends with an ordinary inexpensive stamp rather than a scarce variety.
A horizontal 1935 anniversary design belongs in the British Silver Jubilee four-value checklist, not in the ordinary portrait definitive sequence.
Separate the Downey Head from the full profile
The Downey portrait shows the King at a three-quarter angle rather than in a full side view. The green halfpenny has a dolphin frame, while the red penny has a lion below the portrait. The first issue appeared on June 22, 1911. Only the halfpenny and penny became issued Downey denominations; the higher-value trials pictured in specialist references are not ordinary additions to that issued pair.[3]
The later profile design puts the King's head in a clear side view. The 1912 Profile Head issues and subsequent printings need a different catalog search from the Downeys. Do not assign an early Downey die because a later profile stamp also has the same red color. The 1½d scan here is a genuine example of the profile design, included to show the head and frame, not to price the penny stamp.[1][9][10]
Several Downey dies and watermarks exist. Mekeel's records three dies and three watermarks across the two denominations. A general front photograph can separate portrait families, but may not show a small ribbon or engraving detail clearly enough to name the die. Retain an unassigned die in your notes until a specialist diagram and a clear magnified view agree.[3]

Read the watermark before assigning the penny number
Royal Mail's historical account identifies Imperial Crown paper for the early Downeys, Simple Royal Cypher paper introduced in 1912, Multiple Royal Cypher paper used for coil production, and Block Cypher paper introduced in 1924. These names describe different paper evidence. An album heading, seller date or cancellation cannot replace examining the watermark on your own stamp.[1]
The penny comparisons make the distinction concrete. Rowan lists SG329 under Downey Heads with Crown watermark; IG describes SG357 as the 1912-1922 Royal Cypher penny; Rowan places SG419 in the 1924 Block Watermark section. These catalog assignments are the sellers' identifications, not numbers derived from the photograph of a loose red stamp. Keep the catalog publisher and suffix with the record.[4][5][6]
Look at the back safely and record the pattern and its orientation separately. Upright, inverted and sideways describe orientation, not a completely different portrait. Rowan's Block Cypher stock includes SG419Wi singles, but an inverted-looking impression does not justify copying that suffix without confirming the underlying issue. The watermark inspection guide explains a non-destructive starting method. Do not wet mint gum merely to make a faint mark visible.[6]
Distinguish letterpress from photogravure
The earlier low-value designs were surface printed in letterpress. Harrison regained the printing contract in 1934 and moved to photogravure after interim letterpress production. The later stamps can resemble the preceding profiles closely enough that portrait recognition alone is insufficient. Royal Mail's photogravure study identifies the grid pattern formed by recessed cells as a useful characteristic to examine under magnification.[1][2]
The same study dates the first photogravure definitive, the 1½d, to August 20, 1934, with the rest following over time. Its penny and 1½d designs occur in Large, Intermediate and Small widths of 18.7, 18.4 and 17.9 millimeters. The halfpenny and 2d have the latter two widths. Those measurements concern the printed design, not the overall perforated paper rectangle.[2]
Measure across the printed frame, with the stamp flat and your ruler aligned, rather than comparing differently scaled website images. A small paper margin caused by off-center perforations does not establish the Small design. The table uses the sellers' basic SG440 designation without claiming a particular design-size subtype. Do not add a format premium that the cited listing did not identify.[2][7][8]
Use a photo check after the issue-family sort
After separating Downey, profile and photogravure candidates, photograph the front straight on with every perforation visible. Photograph the back separately. If there is a control, booklet margin or connected group, include a wider picture as well. Give each item a temporary label so that a back photograph cannot accidentally be attached to a different red penny.
A scan can help suggest the likely issue and organize catalog context, but cannot establish an unseen watermark, original gum or a certified shade. Keep the physical observations beside the result. If a proposed identification depends on an exceptionally valuable variety, ask a suitable specialist to examine the object before describing it that way for sale. An app estimate is not authentication, certification, grading or appraisal.
Drop a stamp photo here
Show the full stamp, every perforation, and as much front detail as possible in even light.
Organize your George V low-value stamps
Install Stamp Identifier free on iOS or Android to scan individual George V stamps and save the results in your collection. Keep Downey, profile and photogravure groups separate. Identification and estimated value context are research aids, not authentication or appraisal.
Exact dealer asks checked on October 17, 2026
All amounts below are original GBP retail asks observed on the named pages, excluding delivery and any checkout charges. Rowan's stock numbers come from the item and basket references. IG's product pages describe generic scans and show In Stock. No purchase, seller stock count or completed transaction was verified. A current page observation does not mean the dealer changed its prices today.[4][5][8]
Condition is the seller's description. Unmounted mint, mounted mint and used are distinct comparison groups. The eleven-stamp set and three-stamp control strip are priced as whole items. Rowan's SG440 rows use UM and FU price columns. The ordinary SG440 ask differs between retailers and conditions; do not convert that difference into a rule about what every owner can receive.[4][5][8]
| Seller, stock and catalog | Issue and stated condition | Stamps | Ask, GBP |
|---|---|---|---|
| Rowan 26813, SG329 [4] | Downey, Crown, unmounted mint single | 1 | 6.50 |
| Rowan 26814, SG329 [4] | Downey, Crown, unmounted mint lower marginal block | 4 | 25.00 |
| Rowan 25943, SG341 [4] | Downey, Crown, unmounted mint single | 1 | 2.50 |
| Rowan 20460, SG341 [4] | Downey, Crown, unmounted mint B12 control strip | 3 | 24.00 |
| IG 3815, SG357 [5] | Royal Cypher, unmounted mint single | 1 | 0.50 |
| Rowan 24732, SG419 [6] | Block Cypher, fine very lightly mounted mint | 1 | 0.50 |
| Rowan 23662, SG419 [6] | Block Cypher, fine used, dated 9 MR 32 | 1 | 0.75 |
| IG 4032, SG440 [7] | Photogravure, mounted mint single | 1 | 0.25 |
| Rowan 9940 UM, SG440 [8] | Photogravure, unmounted mint single | 1 | 0.20 |
| Rowan 9940 FU, SG440 [8] | Photogravure, fine used single | 1 | 0.15 |
| Rowan 26011, SG439-449 [8] | Photogravure set, fine used, selected CDS cancels | 11 | 12.50 |
Keep controls, blocks and covers intact
The control letters and numbers in sheet margins can preserve printing context. Royal Mail explains why marginal controls help distinguish printings that otherwise look alike. Its account notes punctuation differences between Harrison and Somerset House controls. A complete control requires the actual margin; four separated stamps from the same album page are not a control block.[1]
The SG341 comparison is useful because Rowan asks GBP 2.50 for one unmounted mint stamp and GBP 24.00 for a three-stamp B12 control strip. That is not evidence that each stamp in the strip can be sold separately for GBP 8.00. The offered object includes the attached control and its format. Removing the margin would discard part of the identification evidence and invalidate the comparison.[4]
Keep a stamp on its envelope while checking the date, route and other markings. Rowan's SG419 used example is explicitly dated 9 MR 32. That is the postmark on the offered stamp, not a claim that the design was issued in 1932. An intact cover needs postal-history comparisons rather than the loose-single amount in this table.[6]

Check condition without turning damage into a variety
Examine the gum, perforation tips, corners and paper before comparing prices. A mounted stamp has a different condition description from an unmounted one, and a seller's adjective does not certify your copy. Record hinge traces, thin areas, creases and stains directly. The condition guide helps describe faults without inventing a numerical grade.
Be cautious with a washed-looking 6d. The historical profile study describes fugitive ink on chalky paper for that value. A pale or altered appearance therefore needs care rather than an immediate rare-shade claim. Do not experiment with water or chemicals to test whether a suspected stamp reacts. Leave an uncertain paper or shade assignment unresolved until suitable examination is available.[10]
The genuine scan in this article has a cancellation and is not a color standard. Neither its digital red nor a generated illustration can authenticate a penny shade. For a useful record, photograph in neutral light, note the observed color without a rare-name claim, and retain any reference identification as provisional. Seek certification when a material premium depends on a specialist distinction.
Build a comparison record you can actually use
Write one line for each distinct item: portrait family, denomination, printing, watermark and orientation, catalog reference, gum or cancellation, faults, format and source date. Keep a set separate from a loose duplicate. If the watermark cannot be read, say unread rather than choosing the most valuable possibility. That honest gap makes the next specialist consultation easier.
Save the original currency, stock reference and whole-unit ask with each comparison. These comparisons include no verified realized sale or dealer purchase offer. Retail handling and selection can matter for low-priced stamps, and an advertised amount may exceed what a dealer offers an owner. Use the table to choose comparable objects, not to total a collection by multiplying every red penny by the highest row.
For a first sort, the sequence is enough: British or overseas issue, Downey or profile, letterpress or photogravure, then watermark, condition and format. Escalate only the unresolved detail that would change the identification or price comparison. Ordinary duplicates can stay grouped, while intact controls, unusual paper claims and covers retain the evidence needed for closer study.
Frequently asked questions
Is a red George V penny the Victorian Penny Red?
No. This guide covers Britain's King George V low-value definitives. A Victorian Penny Red has Queen Victoria's portrait and belongs to another issue family. Australian and other overseas George V portraits also need their own country identification before a price comparison.
Which Downey Head values were issued?
The issued pair is the green halfpenny and red penny. The three-quarter portrait distinguishes them from the later full profiles. Specialist references show higher-value essays and trials, but those are not ordinary issued Downey values.[3]
Does an inverted watermark always mean a rare error?
No automatic premium follows. Confirm the basic issue and orientation first. Rowan lists SG419Wi with an inverted Block Cypher watermark in several mint conditions, including a booklet marginal example. Those seller descriptions do not identify an unseen watermark on your copy.[6]
How much are ordinary penny singles in the checked listings?
Examples include IG's unmounted mint SG357 at GBP 0.50, IG's mounted mint SG440 at GBP 0.25, and Rowan's fine used SG440 at GBP 0.15. These are different issues or conditions and dated retail asks, not a universal range or completed-sale evidence.[5][7][8]
Can a photograph identify the photogravure design size?
Only a correctly scaled measurement can establish the width. Royal Mail gives 18.7, 18.4 and 17.9 millimeters for the Large, Intermediate and Small penny designs. Measure the printed design, not the paper or a resized website image, and retain other issue checks.[2]
Sources and further reading
Primary references and specialist resources used to prepare this guide.
- Royal Mail, The Four Kings, British Philatelic Bulletin February 2012
- Royal Mail, 75 years of GB stamps by photogravure, August 2009
- Mekeel’s & Stamps, George V Downey Heads
- Rowan S Baker, Downey Head retail stock
- IG Stamps, SG357 unmounted mint
- Rowan S Baker, Block Cypher retail stock
- IG Stamps, SG440 mounted mint
- Rowan S Baker, photogravure retail stock
- Wikimedia Commons, George V UK three halfpence scan
- Mekeel’s & Stamps, George V profile stamps




