Commemorative stamp of Queen Victoria, although there are no special inscriptions on the stamps, and they were intended as regular stamps. In 1870 Peru issued a 5¢ scarlet Locomotive and Arms stamp and is regarded as the first commemorative postage stamp, issued to commemorate the 20th anniversary of the first railway in South America. Though the United Kingdom often set the precedent for postage stamps and their designs, they were the late runners with the issue of their first commemorative stamp, not issuing one until 1924 when it printed and released the British Empire Exhibition issue of 1924. Other premier commemorative stamps
Denomination (postage stamp) to be a 47c coin. Where no denomination is shown, it may be because the stamp is deliberately non-denominated to pay the cost of a particular service, or because the stamp is not a postage stamp. It might be a cinderella stamp of some kind such as a poster stamp or charity label. Sometimes a stamp may have its denomination changed by the post office due to local circumstances. For instance, stocks of one value may be overprinted to show a different value due to stock shortages. In cases of hyper-inflation stamps have had their denomination changed by overprinting as