FLOAT
The 1840 'VR Official' Penny Black (SG V1) with V and R in the upper corners, this copy lettered R-D - an example of the unissued official (~33 possible survivors).
The 1840 'VR Official' Penny Black (SG V1) with V and R in the upper corners, this copy lettered R-D - an example of the unissued official (~33 possible survivors).

Great Britain 1840 'VR Official' Penny Black

Maker
United Kingdom (Inland Revenue / GPO)
Year
1840
Rank
83 of 100
Identifier
SG V1, 1d black with 'V' 'R' in upper corners — the unissued official; ~33 possible examples; imprimatur/single

Great Britain 1840 'VR Official' Penny Black

Market asking price, not a sale: $26,934, dated 2026-08-06. This is not a sale. It is what the market was asking, and no transaction is recorded behind it.

What is it, and why is it in the FLOAT 100?

The Penny Black variant prepared for government mail but never issued and almost entirely destroyed — a famous 'what-if' of philately.

SG V1, 1d black with 'V' 'R' in upper corners — the unissued official; ~33 possible examples; imprimatur/single

What is the best-sourced number for it?

Figure
$26,934
Kind
Market asking price, not a sale
Date
2026-08-06

This is an asking price, not a sale. It is what a seller wanted on the date shown, and asking prices sit above what buyers pay more often than not. Read it as a ceiling on the market's opinion at that moment, not as a value.

By reference price, Great Britain 1840 'VR Official' Penny Black is number 66 of 99 in the stamps entries of the FLOAT 100. 75 of those 99 rest on a realized sale; the rest carry an asking price or a guide value, and each page says which. Rank within the FLOAT 100 itself (83 here) is editorial: how much an object defines its field, not price alone.

How this is made

The figure
One reference price, shown with its own kind. FLOAT does not average it with anything or adjust it for time.
Realized or not
A realized price is a completed sale. A market asking price and a price-guide value are not sales, and are labeled as such wherever they appear.
Why no grade ladder
Most FLOAT 100 entries are individual objects. There is one of this, so there is no population and no spread across grades to show.
Archive
2026-08-08

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