$1.00 Violet Black (478). Mint N.H., deep rich color and proof-like impression, unusually wide and balanced margins

EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED EXAMPLE OF THE $1.00 PERF 10 UNWATERMARKED FRANKLIN ISSUE, GRADED XF-SUPERB 95 BY P.S.E. ONLY TWO GRADE HIGHER.

This issue was in use for less than six months before the Perf 11 (Scott 518) stamps were produced. Due to its short production run and it differing from the previous $1.00 issue (Scott 460) only by its lack of a watermark, many collectors and dealers of the day overlooked this issue.

With 2007 P.S.E. certificate (XF-Superb 95; SMQ $5,750.00). Only two grade higher (both at 98)

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