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EXTREMELY RARE ITEM AND SELDOM SEEN YET ALONE OFFERED-ISSUED IN QUEEN VICTORIA ERA 1840 IN CONJUNCTION WITH THE PENNY BLACK -THESE ARE NAMED AFTER THE DESIGNER WILLIAM MULREADY-THIS IS 1D BLACK ENVELOPE IN FINE USED CONDITION ONE OF THE BEST I HAVE SEEN-CANCELLED WITH RED MALTESE CROSS AND HAS 1840 CACHET ON RIGHT AND REAR-THE STAIN IN CENTRE IS THE RED WAX SEAL FROM REAR SHOWING THROUGH-NO TEARS AT ALL AND MINOR CREASES ON EDGES-CATALOGUED BY STANLEY GIBBONS 2007 350 POUNDS OR ABOUT R6300 DEPENDING ON EXCHANGE RATE-AND PROBABLY MORE IN 2015!!! NEVER AGAIN TO BE OFFERED SO DON'T MISS THIS ONE!!!!!