5c Panama-Pacific, Perf 10 (403). Jumbo margins with flawless centering, barest trace of hinging, strong color on fresh paper

EXTREMELY FINE GEM. AN ABSOLUTELY ASTOUNDING EXAMPLE OF THE 5-CENT PANAMA-PACIFIC PERF 10, GRADED GEM 100 JUMBO BY P.S.E.

With 2007 P.S.E. certificate (Gem 100 Jumbo; SMQ $1,100.00 for 98, unpriced in higher grades), this is the only example awarded this ultimate grade, the closest second is one 98 OGph and one 98J OGnh

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