1c Blue, Ty. II (7). Position 5R4, enormous margins all around including significant portions of adjoining stamps at sides, gorgeous dark shade and proof-like impression, neat strike of circular datestamp

EXTREMELY FINE GEM. THIS STAMP -- GRADED SUPERB 98 JUMBO BY P.S.E. -- IS UNDOUBTEDLY THE FINEST EXAMPLE EXTANT OF THE IMPERFORATE ONE-CENT TYPE II FROM THE TOP ROW OF PLATE 4. A PHENOMENAL STAMP IN EVERY RESPECT -- THE MARGINS ARE HUGE ALL AROUND, THE COLOR AND IMPRESSION ARE INTENSE, THE CANCELLATION IS CLEAR AND THE PAPER IS FRESH.

As an amusing anecdote, this stamp was acquired by Jerry Wagshal from a Christie's sale in the mid-1980's. It was was cut from a strip on cover before it was offered in the Christie's sale as a single. After buying the stamp for a record price of nearly $3,000, Mr. Wagshal asked if he could have the cover. It was given to him with a note expressing hope that the price he paid was not indicative of the cover's corner card -- Lunatic Asylum of Dayton.

Ex Wagshal. With 2010 P.S.E. certificate (Superb 98 Jumbo; unpriced in SMQ above the grade of 98, SMQ $1,850.00 as 98). A total of 281 used stamps have been submitted for grading, and only four have graded higher, but these statistics do not account for the greater rarity and desirability of top-row Plate 4 Type II stamps

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