WARNING - boosted "Navy" 1908 Commercial on Gunbroker

[alanint]

Originally Posted by Norme

Hi Ron, Despite PIA's statement to the contrary, their photos are not high resolution and can not be enlarged to show detail. Here is a true high resolution photo of a correct 1908 Commercial Navy and PIA's photo.
Best regards, Norm

I find the PIA crown to be "nesting" too low within the M, giving the impression that the M was added later and not all part of the same stamp.