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No such stamp was issued in 1927. If you mean a Queen Victoria penny red, then the value is subject to debate because the cancel mark would be incorrect for the stamp. The Penny Red was issued in the 1850s and by 1927 was long out of circulation. There are so many variations of the Penny Red, it's pretty hard to value. I've seen some go for hundreds of dollars and others a couple of dollars.

No independent Scottish stamps were officially issued in 1927.

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Q: What is the value of a Scottish Penny Red Stamp 1927?
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