Lot
254 
1916, 15¢ gray, o.g., never hinged, perfect centering within evenly balanced margins, strong bold color, Superb, one of six examples to receive this never hinged grade with no examples higher; with 2009 & 2018 P.S.E. certificates, both Graded (Superb 98, SMQ $7,000). Scott No. 475 $375.
ONE OF THE FINEST NEVER HINGED EXAMPLES OF THE 1916 15¢ FRANKLIN ISSUE.