$1.00 Black, Ty. II (261A). Perfectly centered with wide margins, intense shade and proof-like impression, neat strikes of New York circular datestamp cancels

EXTREMELY FINE GEM. THIS MAY WELL BE THE FINEST USED EXAMPLE OF THE 1894 TYPE II UNWATERMARKED BUREAU ISSUE. THIS IS ONE OF THE MOST DIFFICULT ISSUES TO OBTAIN WITH SUCH CHOICE CENTERING.

The $1.00 Type II, which is defined as having the complete circle around the left "$1", occurred on only 50 of the 200 subjects of Plate 76. It is believed that only 8,762 were issued. This is a miniscule number when compared to the previous $1.00 stamp of the Columbian series (55,050 issued) and its watermarked counterpart (Scott 276A with 63,803 issued). They were mostly used on parcels or other oversize or heavy mailings. The stamps on these mailings tend to be damaged from use or were discarded, resulting in a small population of sound used stamps. Linn's Stamp Facts estimates less than ten covers are known.

With 2014 P.S.E. certificate (Superb 98; SMQ $14,500.00). This is the highest grade awarded and it has no equals

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