PHILIPPINES, 1903, $2.00 Dark Blue (238). Original gum, lightly hinged, deep rich colors, phenomenal centering, Extremely Fine Gem, a gorgeous stamp, with 1999, 2017 P.F. and 2016 P.S.E. certificates (OGph, XF 90; unpriced in SMQ), the underlying stamp, Scott 312, is difficult to obtain in such a high grade, when one adds the additional scarcity factor of the limited number that were overprinted for use in the Philippines then one can begin to understand the rarity of this issue in higher grades

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