1c Panama-Pacific, Perf 10 (401).
Mathematically precise centering with unusually wide and balanced margins, radiant color and crisp impression, face-free strike of duplex cancel, long and full perforations all around, Extremely Fine Gem, this is without question one of the finest used examples of this issue in existence, ex Twigg-Smith, with 2009 P.S.E. certificate (Gem 100; unpriced in SMQ above the grade of 98, SMQ $500.00 as 98), this is the highest grade awarded to date and only one other example has achieved this grade
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