1926 King George V Admirals

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		Cat.	Mint Unhinged	Mint Hinged	Fine Used
1d	Red Field Marshall (Simplified)	37a	$9.00	$3.60	$0.45
	(i) Perf 14 on Cowan paper (from 1926)	37a1	$9.00	$3.60
	(ii) Perf 14 x 15 on Cowan paper (from 1927)	37a2	$10.80	$5.40
	(iii) Perf 14 on Wiggins Teape paper (from 1930)	37a3	$135.00	$45.00
2/-	Blue Admiral of the Fleet (Simplified)	37b	$270.00	$108.00	$54.00
	(i) on Jones paper (from 1926)	37b1	$315.00	$157.50
	(ii) on Cowan paper (from 1927)	37b2	$270.00	$108.00
3/-	Purple Admiral of the Fleet (Simplified)	37c	$477.00	$288.00	$225.00
	(i) on Jones paper (from 1926)	37c1	$472.50	$270.00
	(ii) on Cowan paper (from 1927)	37c2	$472.50	$270.00
	Set of 3	37d	$718.20	$379.60	$265.50
	First Day Cover - 12 July 1926	37e
	... 2/- (37b), 3/- (37c)
	First Day Cover - 15 November 1926	37f			$630.00
	... 1d (37a)

By 1924 the demand for two and three shilling stamps was high enough that it was worth producing new stamps rather than using 'Duty' stamps of those values. It was also decided to replace the one penny dominion with a new stamp as the plate needed replacing and the universal postage design had been in use for twenty-five years.

Prior Governor-General Viscount Jellicoe had been the commander of the British fleet at the Battle of Jutland in 1916, and so it was decided that the two and three shilling stamps would feature a portrait of King George V as Admiral of the Fleet. However, General Sir Charles Fergusson had succeeded Viscount Jellicoe as Governor-General and as he was a distinguished soldier and so the penny stamp depicts King George V in the uniform of a Field Marshall.

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