$2.00 Bright Blue (277). Perfectly centered with wide margins, magnificent color on bright paper which is nicely contrasted by double oval registry and red cancels

EXTREMELY FINE GEM. A SUPERB USED EXAMPLE OF THE 1895 $2.00 WATERMARKED ISSUE.

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 in superbly centered used condition with an attractive cancel. The P.S.E. Population Report lists seven examples graded XF-90 or above of No. 262 and only eight of No. 277.

Ex Natalee Grace, With 1999 P.F. and 2010 P.S.E. certificates (XF-Superb 95; SMQ $2,650.00). Only one has graded higher (at 98) and only four others share this grade.

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