$1.00 Black, Ty. II (276A). Deep shade and detailed impression, wide and essentially perfectly balanced margins, neat oval grid cancel

EXTREMELY FINE GEM. A SUPERB USED EXAMPLE OF THE 1895 $1.00 TYPE II WATERMARKED BUREAU ISSUE, WHICH HAS BEEN GRADED SUPERB 98 BY P.S.E. -- THIS IS THE HIGHEST GRADE AWARDED IN ANY CATEGORY.

With 2019 P.S.E. certificate (Superb 98; unpriced in SMQ above the grade of 95, SMQ $1,400.00 as 95). This is the highest grade awarded and it is shared by no others in any condition (used or unused). To extrapolate a potential SMQ value for this issue in the grade of 98, we looked at the other dollar value 1894-95 Bureaus in used condition. Six of the seven other dollar values are priced in SMQ in used condition at both 95 and 98. The average premium for a 98 is 2.55-times the price of a 95, meaning the potential SMQ value of this stamp is $3,500.00 (without taking into account that this is a population of one)

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