$5.00 Dark Green (263). Original gum, deep rich color and detailed impression showing all of the fine engraving lines in the background, exceptional centering

EXTREMELY FINE GEM. A SUPERB ORIGINAL-GUM EXAMPLE OF THE $5.00 UNWATERMARKED BUREAU ISSUE, GRADED XF-SUPERB 95 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 superb condition.

With 1984 P.F. and 2006 P.S.E. certificates (OGph, XF-Superb 95). Only seven grade higher and four share this grade. SCV $4,000.

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