50c Red Orange (275a). Intense fiery color, crisp impression on bright paper, mathematically precise centering within perfectly balanced margins, Chicago oval registry cancel

EXTREMELY FINE GEM. A PHENOMENAL USED EXAMPLE OF THE 50-CENT 1895 WATERMARKED BUREAU ISSUE, AWARDED THE PERFECT GRADE OF GEM 100 BY P.S.E. -- THIS IS THE HIGHEST GRADE AWARDED AND IS EQUALED BY NO OTHERS.

With 2017 P.F. (Superb 98) and 2017 P.S.E. certificates (Gem 100; unpriced in SMQ above the grade of 95). The main Orange Scott 275 is unpriced above the grade of 98J. SMQ for Scott 275 graded 98J is $2,950.00). This is the highest grade awarded to any 1895 50c Watermarked Bureau, in either the Orange (275) or Red Orange (275a) shade and in any condition (used or unused). The nearest comparable is a used No. 275 graded 98 Jumbo

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