EXTREMELY FINE GEM. THIS MAGNIFICENT MINT NEVER-HINGED STAMP IS GRADE GEM 100 JUMBO BY P.S.E. -- THIS IS THE HIGHEST GRADE POSSIBLE ON THE GRADING CHART.
With 2017 P.S.E. certificate (Gem 100 Jumbo; unpriced in SMQ above the grade of 100, SMQ $2,250.00 as 100). This is the highest grade possible on the grading chart and it is shared by only one other
VERY FINE-EXTREMELY FINE. A SCARCE SET OF IMPERFORATE PAIRS OF THE HIGH-VALUE 1895 WATERMARKED BUREAU ISSUE.
In Brookman Volume III, pages 128-129, a complete account of the origin of the 1895 Imperforates is quoted from a column by George B. Sloane. We provide excerpts: "At the time they appeared, the Bureau of Engraving and Printing had, but a short time previously, taken over the stamp printing contract from the American Bank Note Co. and were unfamiliar with and inexperienced in quantity production of postage stamps. Gilbert E. Jones, one of the owners of the New York Times, had rendered the Bureau invaluable technical advice and assistance in the organization of their facilities, and the Bureau desired to reward him in some way for his services. Mr. Jones was well-known collector, interested only in stamps in imperforate pairs, and when the subject was broached he suggested that, while he desired no recompense, if the Bureau could give him an imperforate pair or block of each of the stamps then in current use, for his collection, he would feel more than amply repaid."
Sloane then explains that the Bureau was restricted from presenting him with stamps from stock, but did allow him to buy regular perforated stamps on sale at the post office and exchange them for imperforates. Although the Scott Catalogue at first did not recognize the imperforates as regularly-issued stamps, from 1916 they inserted a statement "All denominations of this issue exist imperforate but they were not regularly issued in that condition".