$2.00 Bright Blue (277). Original gum, deep rich color on bright paper, essentially perfect centering with Jumbo margins

EXTREMELY FINE GEM. A STUNNING JUMBO-MARGINED ORIGINAL-GUM EXAMPLE OF THE 1895 $2.00 WATERMARKED BUREAU ISSUE, GRADED SUPERB 98 JUMBO BY P.S.E. — ONLY ONE GRADES HIGHER AND NO OTHERS SHARE THIS GRADE.

The $2.00 Watermarked issue (Scott 277) was issued in significantly greater quantities than its unwatermarked counterpart (10,027 of Scott 262 versus 31,720 of Scott 277). However, the watermarked $2.00 is nearly as difficult to find with superior centering and Jumbo margins. Only three original gum Scott 277's are graded 95J or higher, with one each at 95J, 98J (offered here) and 100 (Sale 1034, lot 260). For Scott 262 the population size in the highest grades is similar, with three at 95J, which is the highest grade awarded.

From the Nathanael Greene collection. Ex Gross. With 1991 P.F. and 2024 P.S.E. certificates (OGh, Superb 98; unpriced in this grade, SMQ $5,250 as 98 and $12,500 as 100).

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