VERY FINE APPEARING EXAMPLE OF THE RARE 5-CENT 1902 ISSUE WITH TYPE III SCHERMACK PRIVATE VENDING MACHINE PERFORATIONS.
A Power Search review reveals how elusive the 1902 5c imperforate coil is with Schermack perforations. Since keeping computerized records we have sold only a single pair, back in 2008.
With 2016 P.F. certificate