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EXTREMELY FINE GEM. A MAGNIFICENT MINT NEVER-HINGED EXAMPLE OF THE 2-CENT HORIZONTAL COIL, SCOTT 388. THIS STAMP HAS BEEN AWARDED THE GRADE OF SUPERB 95 BY THE PHILATELIC FOUNDATION.
This 2c coil was in production for only a short period of time before being superseded by the Perf 8-1/2 issue. Due to the greater popularity of the horizontal coils with users, combined with a wary attitude by many collectors that early coils were simply trimmed stamps, many were used and few preserved.
With 1988 and 2007 P.F. certificates (XF-Superb 95, SMQ $16,100.00) (Image)