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NSK, that's very neat! I'm just learning about the Somerset House printings as per your suggestion. The colors on this one are "bright", rather than "deep", however.. so do you think this is also an effect of water damage? The colors do appear to be washed around the edges of the design.
Your stamp is either a De La Rue stamp on chalk-surfaced paper, or a Somerset House stamp. If the month in the date17 ??? (19)11 is August or later, it, likely, is a Somerset House stamp.
The colour has run. I am not very sure the reddish appearance of the purple is wholy due to water damage, or original. If it is reddish purple, it would be a Somerset House printing. If it is a De La Rue printing, it must be a washed-out slate-purple that is known to come from a 1908 printing.
The whole impression is that of a De La Rue stamp. The colours I am perceiving suggest Somerset House. I doubt the month in the date stamp is later than July. This too points at De La Rue. However, with two printings in 1910 that were in a dull purple, that reddish appearance makes me doubt.
I had another look at my own stamps, and I do think it is a washed-out De La Rue stamp.
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On the same vein of thinking, and this is just meant to be a quick reference rather than to derail the topic, but I have this US #302 that is on different paper and has a much brighter shade than other 302s. I believe it comes from a stock that was created for the Special Printings of "PHILIPPINES" overprinted stamps that share the same characteristics. Interestingly enough, these were made at around the same year as the Somerset House examples, and share similar differences.
I am not familiar with US stamps. I do not know where the US got its pigments from, but it may not have been Germany. If not, I doubt the similarity is anything but a coincidence.