Vast majority of these have some celluloid defect but this does not. It does have a small faint tan mark above Hobart's head and another above his shoulder. Both show very little. This is among the best 1896 jugate designs and is 1.25" with tin covered back and stickpin fastener. Silver flashing is mostly gone from the metal reverse but overall extremely Fine with perfect centering and nice glossy finish. Hake #5. Morry Greener Collection.