The Downey Head is the George V stamp from Great Britain that is first seen in 1911. It is very interesting to study because it has been re-engraved and has had different printings with different watermarks.  And as always with the old stamps, the search for flaws and printing errors is very tense. So far I have only studied the 1p (there is also a 1/2p), but one of this weeks I will also look at the 1/2p and then mount them in one of my ordners.
As the British were not very satisfied with the first printing, the author made a re-engraving of the plate. There also exist different types of the two dies. More : different printings were made on paper with different watermarks.
You will also find upside-down and sideaways watermarks. Unlike sometimes pretended on e-bay etc. ,these are not errors. Stamps for booklet-panes were printed on paper with upside-down watermark and stamps for coils on paper with sideaways watermark.
A detail picture :  of a flaw. You can clearly see the red dot at ths side of the king's head. Enjoy collecting !! 
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