New York N.Y., 5c Black, "A CM" Initials (9X1a var). Horizontal pair, unlisted initials configuration with "A" separated from "CM" (which are attached), margins to in at sides, blue pen cancels, couple small flaws including right stamp vertical crease and small wrinkle, appears Fine, an unusual and no doubt scarce variety, Scott lists "ACM" all letters connected (9X1), "AC M" with the first two letters connected (9X1a) and "A.C.M." with periods (9X1b), this "A CM" variety is unlisted, Scott Retail as the listed 9X1a $1,750.00

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