2c Carmine, Coil (388). Mint N.H., brilliant color as fresh as the day it was printed, perfectly centered with Jumbo margins on all sides

EXTREMELY FINE GEM. A MAGNIFICENT MINT NEVER-HINGED EXAMPLE OF THE 2-CENT HORIZONTAL COIL, SCOTT 388. THIS STAMP HAS BEEN AWARDED THE GRADE OF SUPERB 98 BY P.S.E.

This 2c coil was in production for only a short period of time before being superseded by the Perf 8-1/2 issue. Due to the greater popularity of the horizontal coils with users, combined with a wary attitude by many collectors that early coils were simply trimmed stamps, many were used and few preserved.

Of the Scott 388 stamps in the P.S.E. Population Report, only three Mint N.H. examples have graded above 70. There is one 95, this 98 and one 98J.

With 2003 P.F. certificate. P.S.E. encapsulated (Superb 98; SMQ $32,500.00). This is the only example to achieve this grade and only one has graded higher (at 98J)

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