So i've finally had a look at some of my old acquisitions today and according to the stampworld website, some of these are worth quite the pretty penny, if only I knew where to look for the watermarks on them. I hope I shouldn't have to remove them that's for sure! Could anyone advise on where the watermarks are on these stamps? Also, I reckon that nobody actually pays the values indicated in the catalogue on this website, is that right?
The first is a George V 1/2 penny stamp, and the other two are the 1954 surcharged issues of the GDR, 16 and 48 pfennig. All have been used.

Thanks in advance!