Professional Stamp Experts

Expert Committee

We have examined the enclosed item submitted to PSE,
and are of the opinion that:

Cat #

Issue

Denom.

Color

USA#-

GRADE: Ungraded, Mint NGAI

"it is a REPRINT of Scott No. U31 on vertically laid paper."

THIS CERTIFICATE IS PRINTED ON WATERMARKED PAPER AND IS NOT VALID WITHOUT WATERMARK

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