$5.00 Dark Green (263). Original gum, Jumbo margins and choice centering, deep color and proof-like impression

EXTREMELY FINE GEM ORIGINAL-GUM EXAMPLE OF THE 1894 $5.00 UNWATERMARKED BUREAU ISSUE, GRADED XF 90 JUMBO BY P.S.E.

The 1894 Unwatermarked issue was the first U.S. postage issue to be printed by the Bureau of Engraving & Printing, after the contract with American Bank Note Co. expired. The first stamps printed by the Bureau are notoriously difficult to find well-centered, as production was marred by initial problems as they geared up to meet the needs of the public for stamps. The designs through the $1.00 were kept the same from the 1890 ABN Co. issue, with the addition of corner triangles to distinguish the printings. The use of the same designs is another indication of the time pressure that may have caused some of the initial production problems. The $5.00 is one of the two or three most difficult denominations to find in this choice condition.

With 2017 P.F. certificate showing selvage at right which has been detached and accompanies (XF 90 Jumbo). With 2017 (with selvage) and 2022 (without selvage) P.S.E. certificates (both OGph, XF 90 Jumbo). SCV $4,000.

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