2c Pan-American (295). Horizontal pair with red and black plate nos., vignettes shifted dramatically downwards and obscuring all of the frame text at bottom, black plate no. very low, red and black frame markers at right separated by almost 3mm (they are supposed to be overlapping), lightly hinged, choice centering, Extremely Fine, a dramatic pair from the position on the sheet that best demonstrates the shift, with 2001 P.S.E. certificate

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