New South Wales 1865 - Embossed 'ONE HALF PERCENT' Stamp Duty Fiscal Proof Specimen
Unlike adhesive revenue stamps, this form of fiscal authentication was produced as embossed security paper intended to validate legal and financial documents. The inscription 'ONE HALF PERCENT' represents an ad valorem duty rate applied to instruments such as bonds, contracts, and high-value agreements where the tax was calculated as a percentage of the transaction value rather than as a fixed denomination. Read more →