10c Orange, Panama-Pacific (400A). Mint N.H., wide and mathematically perfect centering, deep rich color on fresh paper

EXTREMELY FINE GEM. THIS GORGEOUS MINT NEVER-HINGED EXAMPLE OF THE 10-CENT ORANGE PERF 12 PANAMA-PACIFIC ISSUE IS AWARDED THE PERFECT GRADE OF GEM 100 BY P.S.E.

With 2008 P.S.E. certificate (Gem 100; SMQ $5,850.00). This is the only example to achieve this grade and only one has graded higher (at 100J). The highest grade we have previously offered in one of our auctions is a 98

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