$2
Blue, blue, bright blue
Printing Method: Engraved
Subject: James Madison
Number issued: 31,720
Perforations: P12
Watermark: Double Line USPS
Scott #: 277
Issued: August 13th, 1895
Used
$130 - $200
No postmark with gum (MH)
$275 - $500
Full perfect gum, no postmark
no trace of stamp hinge mark (MNH)
$1,900 - $5,750
#277 was issued with the following plate #
200 subject plates
84
#277a
Dark blue
#277b
Imperforate
Used
No sales recorded
No postmark with gum (MH)
$950
Full perfect gum, no postmark
no trace of stamp hinge mark (MNH)
No sales recorded
As this was the Bureau of Printing and Engraving contract a small triangle was cut into the design at top left and top right in order to distinguish this printing from the earlier 1890 series
Unlike the 1894 $2 Madisons this stamp is watermarked. The double line USPS watermark on the stamp is shown above
The source for the design was based on Gilbert Stuart's portrait of James Madison.