The reverse watermark variety is quite common on the corresponding Great Britain stamps, something that has carried on to the Cyprus overprints. At a ration of 5:1, at least five of the thirteen plates that have been used for the 1880 issue of Cyprus have been found with the variety. As the watermark on the stamps, the crown, can not be distinguished if it is straight or reversed due to its symmetry, the variety is only detectable on the margins around the sheet.
Plate 201. The reverse watermark, "PO", clearly showing on the right margin.
Plate 193. The reverse watermark, "PO", clearly showing on the right margin as the example above.
A strip of five from plate 215 left-marginal stamps with part inscription. Furthermore, from stamp NA to PA, the word “POSTAGE” can be seen, which is part of the watermark. However, the watermark is reversed.
Plate 217 block of twelve with current number 259 and top marginal part inscription. Furthermore, above stamps AE-AF the first three and part of the fourth letter of “POSTAGE” can be read. This sheet bears the watermark in the correct fashion as viewed from the front.