12c Black (69). Original gum, lightly hinged, almost perfectly centered with wide margins, sharp proof-like impression

EXTREMELY FINE. A SUPERB ORIGINAL-GUM EXAMPLE OF THE 12-CENT 1861 ISSUE.

Knowledgeable collectors recognize and appreciate the great rarity of well-centered, original gum classics. In particular, the 1861-66 Issue has been "discovered" as one of the most challenging of all. As escalating auction realizations show, collectors ignore Scott values in pursuing these elusive examples. This stamp was acquired in our December 2002 auction for $8,000 hammer.

With 2002 P.F. certificate. With 2004 P.S.E. certificate (XF 90; SMQ $4,550.00), this is the highest grade awarded to date by P.S.E., and one of only three to achieve this grade.

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