EXTREMELY FINE GEM. A SUPERB AND HUGE USED EXAMPLE OF THE 90-CENT 1869 PICTORIAL ISSUE, GRADED XF-SUPERB 95 JUMBO BY P.S.E. THIS IS THE HIGHEST GRADE AWARDED TO AN INDISPUTEDLY SOUND EXAMPLE.
The 90c 1869 Pictorial is widely admired for its beautiful engraving and dignified portrait of Abraham Lincoln. However, collectors have been frustrated in their efforts to acquire choice examples of this issue. Used 90c stamps are typically heavily cancelled, because the use on packages and the high denomination was cause for postal clerks to thoroughly obliterate any chance for re-use. Naturally, the significant monetary value of 90c in 1869 limited the number of unused stamps that would be saved for future collectors. Therefore, the collector ideals of "well-centered with original gum" and "lightly cancelled" are seldom obtainable in the available supply of 90c 1869s.
With 2010 P.S.E. certificate (XF-Superb 95 Jumbo; SMQ $13,500.00). Only one other stamp shares this high grade. There is one Scott 122 that P.S.E. has graded higher -- at 98J -- but that stamp has 1997 and 2019 P.F. certificates stating "faint corner crease". If that stamp is resubmitted to P.S.E. it will probably be downgraded.