$2.00 Bright Blue (277). Original gum, lightly hinged, deep rich color and detailed impression, mathematically perfect centering with wide margins

EXTREMELY FINE GEM. AN ABSOLUTELY STUNNING ORIGINAL-GUM EXAMPLE OF THE 1895 $2.00 WATERMARKED BUREAU ISSUE, WHICH HAS BEEN GRADED GEM 100 BY P.S.E. -- THIS IS THE HIGHEST GRADE AWARDED IN ANY CATEGORY AND THE ONLY EXAMPLE TO ACHIEVE IT.

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 almost as difficult to find with superior centering; only seven have graded higher than 90 for both original gum and Mint N.H. copies.

With 2008 P.S.E. certificate (OGph, Gem 100; unpriced in SMQ above the grade of 98, SMQ $5,000.00 as 98). This is the highest grade awarded in any category and the only example to achieve it.

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