This is a 1926 1  1/2d Red stamp from the 1926-28 issue of the King George V stamps with Small Multiple watermark, with 14.25 x 14 perforations. CV ~$30.

The stamp is in fine condition, with bright, sharp colour, great perforations and reasonable centring (clear of perfs). See first scan.

Mint, unhinged condition.   

Reverse side of the stamp is as per the second scan. Very clean, white and glossy/smooth gum with no folds, tears or toning. Very nice gum.