EXTREMELY FINE GEM. A PERFECT MINT NEVER-HINGED EXAMPLE OF THE 1914 4-CENT PERF 10 SINGLE-LINE WATERMARKED COIL, SCOTT 446 -- GRADED GEM 100 BY P.S.E.
With 2008 P.S.E. certificate (Gem 100; unpriced in SMQ above the grade of 98, $2,400.00.00 as 98). No other single has achieved this grade (two pairs have graded 100J)