EXTREMELY FINE GEM. A PERFECT MINT NEVER-HINGED EXAMPLE OF THE 1914 4-CENT PERF 10 SINGLE-LINE WATERMARK COIL, SCOTT 446 -- GRADED GEM 100 BY P.S.E.
Ex Curtis. With 2008 P.S.E. certificate (Gem 100; SMQ $4,950.00). This is the highest grade awarded and the only example to achieve it. The SMQ value is low considering this stamp realized $8,000 and $7,000 hammer the last two times it was sold