3c Scarlet, Imperforate (74a). Enormous bottom left corner sheet margin, other sides large, manuscript "J.M. Jan. 31, 1868" in three lines, presumed to be in the hand of James Macdonough, one of the founders of the National Bank Note Company, creases not readily apparent on face

EXTREMELY FINE APPEARANCE. AN EXTRAORDINARY EXAMPLE OF THE IMPERFORATE 3-CENT SCARLET TRIAL PRINTING -- ONE OF THREE RECORDED WITH THE MANUSCRIPT INITIALS AND DATE.

Of the three with manuscript initials and date, two are imperforate. The other imperforate was offered in the third Ferrary sale in lot 477. All three initialed and dated 3c Scarlet items are without gum and are identical in shade. It is possible that they originate from an ungummed and partially perforated sheet or pane containing subjects that were individually initialed and dated by Macdonough. The sole perforated example was offered in our Sale 826, lot 235.

Ex Floyd. With 1999 and 2015 P.F. certificates.#

Note: There are three signed imperforate examples, including:

1.) The example offered here

2.) Siegel Sale 1195, lot 166

3.) In horizontal pair, left stamp signed and initialled, right stamp with two vertical parallel penstrokes, Siegel Sale 1092, lot 1062.

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