Now showing: Federated Malay States - Postage stamps (1920 - 1925) - 5 stamps.
1925 -1928
Elephants - Different Watermark
WM: 2 Perforation: 14
![[Elephants - Different Watermark, type D8]](https://www.stampworld.com/media/catalogue/Federated-Malay-States/Postage-stamps/D8-s.jpg)
![[Elephants - Different Watermark, type D12]](https://www.stampworld.com/media/catalogue/Federated-Malay-States/Postage-stamps/D12-s.jpg)
| No. | Type | D | Color | Description |
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| 77 | D8 | 1$ | green/emerald green | - | 12.48 | 31.20 | - | USD |
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| 77a* | D9 | 1$ | green/green | - | 20.80 | 62.39 | - | USD |
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| 78 | D10 | 2$ | green/red | - | 15.60 | 62.39 | - | USD |
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| 79 | D11 | 5$ | green/ultramarine | - | 62.39 | 129 | - | USD |
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| 80 | D12 | 25$ | green/orange | - | 623 | 519 | - | USD |
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| 77‑80 | Set (* Stamp not included in this set) | - | 714 | 743 | - | USD |
