Lot
2246 
1939, 4½¢ Presidential, horizontal coil, o.g., never hinged, perfect centering and margins, bright and P.O. fresh, a Superb gem, one of only five to grade as such with none higher; with 2015 P.S.E. Graded certificate (Gem 100, SMQ $350). Scott No. 844 $1.
Realized: $625