2c Carmine, Coil (388). Mint N.H., brilliant color as fresh as the day it was printed, perfectly centered with Jumbo margins on all sides

EXTREMELY FINE GEM. A MAGNIFICENT MINT NEVER-HINGED EXAMPLE OF THE SCARCE 2-CENT HORIZONTAL COIL, SCOTT 388. THIS STAMP IS GRADED SUPERB 98 JUMBO BY P.S.E. -- THE HIGHEST AWARDED AND THE ONLY EXAMPLE TO ACHIEVE THIS LOFTY GRADE.

This 2c coil was in production for only a short period of time before being superseded by the Perf 8-1/2 issue. Due to the greater popularity of the horizontal coils with users, combined with a wary attitude by many collectors that early coils were simply trimmed stamps, many were used and few preserved.

Of the Scott 388 stamps in the P.S.E. Population Report, only three Mint N.H. singles grade above 70. There is one 95, one 98 and this highest-ranking 98J.

Ex Merlin. With 2008 P.S.E. certificate (Superb 98 Jumbo; SMQ $42,500.00). This is the highest grade awarded and it is shared by no others in any format or gum condition. The highest graded Mint N.H. pair and line pair are both Fine 70.

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