EXTREMELY FINE GEM. A SUPERB USED EXAMPLE OF THE 5-CENT NEW YORK POSTMASTER'S PROVISIONAL ISSUE WITHOUT SIGNATURE AND WITH A STITCH WATERMARK. THIS IS THE FINEST WE HAVE OFFERED SINCE KEEPING COMPUTERIZED RECORDS.
While stitch watermarks are occasionally seen on the U.S. 1847 Issue, they are extremely rare on the New York Postmaster's Provisional. Philip T. Wall discussed stitch watermarks on the New York provisionals in Chronicle 112 (p. 227), citing Philip H. Ward's 1926 article in Mekeel's Stamp News about a stitch watermark example that was the first Ward had ever encountered. Wall stated that this is the only reference he had ever read about the variety and had never encountered one himself.
With 2012 P.S.E. certificate (XF-Superb 95; unpriced in SMQ). This is the highest grade awarded to date for a normal 9X1e and the only example to achieve this grade.