Lot
1932 
1869, 12¢ green, o.g., lightly hinged, precision centering encompassed by large beautifully balanced margins, rich deep color and exceptional freshness, Extremely Fine to Superb; with 2005 P.S.E. and 2016 P.F. Graded certificates (XF-Sup 95 & XF-S 95 XQ respectively, SMQ $11,750 for 95). Scott No. 117 $1,900.
A TRULY OUTSTANDING MINT GEM EXAMPLE OF THE 1869 12¢ PICTORIAL ISSUE.
In the Philatelic Foundation grading booklet in reference to exceptional quality or "XQ" they note; "The final grade of a stamp is determined by assigning an initial grade based on centering and margins and then, if needed, adjusting that grade to reflect the various additional factors just described. Important factors such as jumbo margins or other exceptional characteristics are not included in the numerical grade but designated separately with a "J" or "XQ" designation.".
Realized: $9,000