$1.00 Black, Ty. II (261A). Mint N.H., intense shade and impression on bright paper, almost perfect centering with wide and balanced margins

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

Collectors of this issue know that it is extremely difficult to find the First 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 Co. contract expired.

With 2007 P.S.E. certificate (XF 90). Only two grade higher (at 95 and 95J, we recently sold the 95 for $29,000 in the “Vaquero” sale) and only four others share this grade.

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