Dougan, Hatter, New York, 5c Red Brown (EP68). Stamp shows full "Five Cents" value label and has rich color, mica has small cracks, case is intact and in excellent condition

FINE. AN ATTRACTIVE EXAMPLE OF THE RARE 5-CENT DOUGAN THE HATTER ENCASEMENT, OF WHICH FEWER THAN FIVE ARE REPORTED KNOWN.

The Ford sale catalogue (Stack's 6/23/2004, lot 459) reports "fewer than five known" of this elusive Dougan the Hatter 5c encased postage stamp. With 2009 P.F. certificate

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