Pre-Long Beach Auction #84

1804 S-266b R5 PCGS Genuine, Good Details, Environmental Damage. Slightly glossy mix of chocolate and steel brown mixed with tan from a light cleaning. Uniform fine roughness covers the planchet but there are no marks or verdigris. The date is weak but easily readable. Most of the legends remain visible but a few letters are weak. Rare M-LDS, Breen state III, with a cud break at RTY but no cud at MERIC. Our grade is G4 sharpness net AG3.
Estimated Value $500-UP.