4c Pan-American, Center Inverted (296a).
Original gum which is only lightly hinged, fresh and bright colors, nearly perfect centering with wide and balanced margins
EXTREMELY FINE GEM. THIS STAMP, WITH ITS SUPERB CENTERING, BRIGHT FRESH COLOR AND PRISTINE ORIGINAL GUM, IS THE HIGHEST-GRADED EXAMPLE OF THE 4-CENT PAN-AMERICAN INVERT. BY FAR THE RAREST OF THE PAN-AMERICAN INVERTS IN CHOICE SOUND CONDITION.
The 4c Pan-American Invert was a special printing and not regularly issued. Examples were distributed through two official channels, and the gum on the majority of stamps without "Specimen" overprint was disturbed. In fact, because the stamps were removed from mounting paper, they are generally thinned or have seriously disturbed gum. The example offered here, with near-perfect centering and in pristine condition, is a rare exception.
Anyone who has attempted to form a superb set of the three Pan-American Inverts knows that the difficulty of acquisition increases exponentially from the 1c to the 4c denominations. In fact, the 4c Invert stamps in almost every "Superb" collection have been compromise copies, acquired out of frustration and desperation after staring at the last remaining blank space for too long. In our opinion, the stamp offered here could set a record not only for the 4c Invert, but for any of the Pan-American Inverts. The 4c Invert with plate number, offered in our Odeneal sale (Sale 941) with a P.S.E. grade of 80, realized $300,000 hammer. Prospective bidders should use the Odeneal realization as a benchmark for the value of the stamp offered here, which is two grade levels higher.
Ex Clifford C. Cole. With 1947 A.P.S., 1988 P.F. and 2008 P.S.E. certificates (XF 90). SMQ does not even price this stamp above the grade of 80. SMQ $300,000.00 as 80, which is two full grades below this.
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