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VERY FINE APPEARANCE. A RARE ORIGINAL-GUM BLOCK OF FOUR OF THE 5-CENT 1847 ISSUE WITH THE RECUT LEFT FRAMELINE ON TOP RIGHT STAMP.
As this block shows, the left frameline was weakly transferred in a number of entries (level with Franklin's eyes) and, as the plate wore, a break formed in the line. One or more subjects on the plate -- in this case, the stamp at upper right -- were recut along the left frameline. This recut position stands in contrast with the upper left stamp, which has a broken line, and the two stamps at bottom, which have well-defined lines.
With 1989 P.F. certificate. Scott Retail $50,000.00 as a normal block with original gum. (Image)
EXTREMELY FINE GEM. THE FINEST EXAMPLE OF THIS RARE 5-CENT 1847 PLATE VARIETY IN THE WAGSHAL COLLECTION AND POSSIBLY THE FINEST EXTANT.
For many years, Jerry Wagshal combed through dealers' stocks and auction catalogues, acquiring every example of the recut frameline variety he could find. This is his finest, and bidders should not expect to find its equal anytime soon, if ever. (Image)