1c Pan-American, Center Inverted (294a). Original gum, lightly hinged, rich frame color and sharp vignette impression, perfectly centered with slightly wider side margins--this slight difference in margin width is the reason the stamp is graded 90 rather than 95, but in terms of balance it is precisely centered and, in our opinion, deserves a 95 grade

EXTREMELY FINE GEM. A SPECTACULAR EXAMPLE OF THE ONE-CENT PAN-AMERICAN INVERT WITH LIGHTLY-HINGED ORIGINAL GUM, FRESH COLOR AND BRIGHT PAPER. ONE OF THE FINEST EXAMPLES OF THIS ICONIC INVERT EXTANT.

Ex Alan B. Whitman (Siegel Sale 968A, April 14, 2009, lot 364, $19,000 hammer). Previously the upper left stamp in a block of four offered in a J. & H. Stolow auction in 1972

With 1998 Philatelic Foundation certificate (328220) as “Genuine, previously hinged”. With 2013 P.F. certificate as “Genuine, previously hinged” with a grade of Extremely Fine 90. With 2008 and 2013 Professional Stamp Experts certificates (1191493 and 1201453), which state “genuine unused, o.g., previously hinged” with a grade of Extremely Fine 90, Mint OGph.

The grade of Extremely Fine 90 is the highest for Scott 294a in the PSE Population Report, and a total of five stamps have received it (all in the OGph category).

2013 Scott U.S. Specialized Catalogue Graded Value for XF 90: $30,000

Stamp Market Quarterly Value: $27,500

Click here for an introduction to the 1901 Pan-American Issue: http://siegelauctions.com/2013/1052/1901_Intro.pdf

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