Illustrated below is the 4 Pence stamp issued for the state of Victoria in 1860. The stamp was part of a set, all with the same design with values of 3 Pence, 4 Pence and 6 Pence. The stamp was printed in Australia on paper made in Britain. The set was issued on three varieties of paper, the first issue with no watermark, the second ( made by T.H. Saunders of London) with the value of the stamp in words, The third by De La Rue with the watermark as a numeral corresponding to the value of the stamp. The stamp illustrated below is printed on the T.H. Saunders paper with the value in words as the watermark. The watermark is illustrated below the illustration of the stamp face.