$1.00 Black, Ty. II (261A). Mint N.H., deep shade on crisp paper, choice centering with wide margins

EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED EXAMPLE OF THE $1.00 1894 UNWATERMARKED TYPE II BUREAU ISSUE. ONE OF THE FINEST COPIES IN EXISTENCE.

As discussed in the prior two lots, collectors of this issue know that it is extremely difficult to find the 1894 Bureau Issue in centered, Mint Never-Hinged condition, particularly the higher denominations. This is mostly due to production problems as the Bureau of Engraving and Printing assumed responsibility for stamp production after the American Bank Note contract expired.

P.S.E. encapsulated (XF-Superb 95; SMQ $34,700.00). Only one has graded higher to date (95J) in the P.S.E. Population Report and no other examples share this desirable grade.

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