Sada prikazujemo: Federalne Malajske Države - Poštanske marke (1920 - 1925) - 5 marke.
1925 -1928
Elephants - Different Watermark
WM: 2 Perforacija: 14
![[Elephants - Different Watermark, Tip D8]](https://www.stampworld.com/media/catalogue/Federated-Malay-States/Postage-stamps/D8-s.jpg)
![[Elephants - Different Watermark, Tip D12]](https://www.stampworld.com/media/catalogue/Federated-Malay-States/Postage-stamps/D12-s.jpg)
| Br. | Tip | D | Boja | Opis |
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| 77 | D8 | 1$ | zelena/smaragdno zelena | - | 14,09 | 35,22 | - | USD |
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| 77a* | D9 | 1$ | zelena/zelena | - | 23,48 | 70,44 | - | USD |
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| 78 | D10 | 2$ | zelena/crvena | - | 17,61 | 70,44 | - | USD |
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| 79 | D11 | 5$ | zelena/ultramarin | - | 70,44 | 146 | - | USD |
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| 80 | D12 | 25$ | zelena/naranča | - | 704 | 587 | - | USD |
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| 77‑80 | Set (* Marke koje nisu ukljucene u ovu seriju) | - | 806 | 839 | - | USD |
