I have a Scott Hungary #P8 with an inverted watermark. Scott lists a P8a with a horizontal watermark but not one that is inverted. Is this a known variation of P8? Or do I have something unique?
I'm not sure what Scott illustrates, but this looks like Gibbons's illustration of the standard watermark. I think the design alternates in each direction through the sheet, so that may explain the appearance of "inversion".
Yep. Your image of the reverse also shows part of a neighboring cross that is upright, though I admit its difficult to see if this is your only example of the watermark.
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