Penny Lilac Penny Lilac The Penny Lilac was the basic penny postage stamp of Great Britain from its first issue on 12 July 1881 and was used until 1901. It superseded the short lived Penny Venetian Red because the Customs and Inland Revenue Act of 1881 necessitated new stamps that were also valid as revenue stamps, and so the Penny Lilac was issued in that year, inscribed "POSTAGE AND INLAND REVENUE". All previous stamps had been inscribed merely "POSTAGE". This stamp remained the standard letter stamp for the remainder of Queen Victoria's reign, and very large quantities were printed. The oval design
Penny Venetian Red the stamp's run; the printing plates used allowed for 240 stamps each. Like its predecessors, the Venetian Red sported individual letters in each of its corners to identify its position on the plate. The Venetian Red had a short run, and was replaced by the Penny Lilac in July 1881. Its displacement is attributed to a change in government postal policy: the Customs and Inland Revenue Act 1881 necessitated the creation of a new provision of revenue stamps. A new inscription was therefore needed, and the new Penny Lilacs featured the words "POSTAGE AND INLAND REVENUE" and "ONE PENNY", instead