Came across this stamp tonight SG #254 with inverted wmk. I know SG usually very good at listing inverted and reversed watermarks, but for some reason it didn't list this one.
In the introduction to the Australian States listings, Gibbons says "WATERMARK VARIETIES. Some stamp printers in the Australian colonies paid little attention to the direction of the watermark in the sheets they produced so that some entire printings had the watermark inverted, some 50% upright and 50% inverted, while on others the inverted watermarks were restricted to odd sheets. Reversed, inverted and reversed, and on stamps with sideways watermarks, sideways inverted and sideways inverted and reversed watermarks, are frequently encountered, especially on the stamps of New South Wales, and the later issues of Tasmania, Victoria and Western Australia. In such circumstances it is impossible to provide adequate prices for such items so only those watermark varieties occurring on stamps printed in Great Britain are included in the following listings.'
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