This is a rare Great Britain Penny Black stamp from 1840 featuring Queen Victoria.
Stanley Gibbons Catalogue No. SG#GB 1PL9
Left M
Right I
Red Maltese Cross Cancel - Extremely Lightly Struck
Three EXCELLENT margins!
The stamp is still affixed to a letter posted to Edinburgh. The letter still has fragments of the original wax seal and was posted to 104 South Bridge, Edinburgh.
A stunning piece of history.