EXTREMELY FINE GEM. A SUPERB USED EXAMPLE OF THE 1895 8-CENT WATERMARKED BUREAU ISSUE WITH "USIR" WATERMARK. ARGUABLY THE FINEST EXAMPLE EXTANT.
The "USIR" (United States Internal Revenue) watermark error occurred when a supply of paper reserved for revenue stamp production was used for printing the 6c and 8c postage stamps. There are approximately 75 known of the 8c, but many are either off-center or have flaws. Collectors prefer examples showing the "R" watermark, as this letter is unequivocally from "USIR", while a partial "P" (from "USPS") can sometimes fool collectors by appearing as an "I".
With 2009 P.S.E. certificate (XF-Superb 95; SMQ $4,750.00). Only one stamp has been graded higher (at 95J) and only one other shares this grade. The other example graded 95, while also showing the more desirable "R" watermark, has a much heavier cancel than the example offered here. The single example graded 95J shows the "I" of the watermark. The combination of the "R" watermark and light cancel arguably makes this the most desirable P.S.E. graded Scott 272a
EXTREMELY FINE GEM ORIGINAL-GUM EXAMPLE OF THE 1895 $1.00 TYPE I WATERMARKED BUREAU ISSUE.
With 2006 P.S.E. certificate (OGph, XF-Superb 95; SMQ $2,500.00). This is the highest grade awarded for any unused Scott 276 and is shared by only three others (one Mint N.H.)