According to Ince, plate 2 was first brought into use for the printings sent out on August 19, 1901, and was used to produce a second printing that was sent out on August 29, 1902. According to him, it was only used to print two printings each of the halfpenny and 1d, as well as one printing each of the 1/- and 6d. However, given that the other values had printings sent out on August 19, 1901, it seems quite likely that the very last printings of the 2d, 2.5d, 3d, 4d, 5d, 7.5d, 10d, 2/6d, 5/- and 10/- were also made from this plate. To settle this question once and for all is the first step in sorting the remaining printings of the Lagos Queen Victoria Keyplates that were made between 1887 and 1903.
Ince notes a few characteristics of these printings to enable positive identification:
- Continuous jubilee lines in the sheet margins, where no jubilee lines appear on the earlier printings.
- Plate numbers in all four corners of a sheet, as opposed to just two corners.
- A printing impression that is completely clear and shows no signs of wear whatsoever.
- Thicker duty plate lettering on the 1/2d and 1d.
According to Gibbons, this printing was released in October 1902, which would have corresponded with a dispatch date of August 1902, so it was likely the second printing made from plate 2, which would suggest that there may have been a first printing from August 1901. The defining characteristic of this printing is the duty plate colour, which is a bright aniline magenta (Ince calls it carmine). There is some slight variation in the intensity of the mauve frame plate colour, though not quite enough to suggest a different printing.