5c Red Brown (1). Large margins to just in, rich color, tied by red square grid, matching "New-York Nov. 20" circular datestamp on 1848 folded letter to South Lee Mass., clear strike of "PAID/BOUTON"%$ two-line handstamp struck just under adhesive, stamp with tiny corner crease at bottom left and slightly affected by vertical file fold

FINE. THIS IS A RARE USE OF THE "PAID/BOUTON" HANDSTAMP WITH THE 1847 ISSUE.

Ex Knapp. With 1998 note from Richard Schwartz confirming its genuineness.

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