EXTREMLEY FINE GEM. AN EXCEEDINGLY HANDSOME MINT NEVER-HINGED EXAMPLE OF THE 3-CENT SINGLE-LINE WATERMARK PERF 10 COIL, SCOTT 445.
According to Johl (p. 143) this issue was mainly used for special mailing purposes such as samples and pamphlets which were sent out in large quantities by individual mailers and resulted in limited distribution among collectors.
With 1998 and 2014 P.S.E. certificates (Superb 98; SMQ $3,500.00). Only one grades higher and three others share this grade.