Comments
Folkard states:
State 1, east side weak upper half, lower half e side re-cut. Later example showing more wear.
State 2, no examples seen.
Based on the imprimatur, an imperf state 1 and a worn perf state 1.
Happily we have a scan from Ian Wright which I think shows state 2 well. The nature of the east side has changed a lot, with the weakness at the top disappearing. More significantly is the amalgamation of the re-cut area of that side.
Ian also has another stamp which he describes as state 2, which may be correct, but the scan I have is not clear enough to discern.
Imprimatur
State 1
State 2
[Ian Wright]
Unallocated
[Ian Wright]
AP
Sept 2015