The answer is neither common nor rare/valuable. This stamp is from the 1869 pictorial series, and is readily available to purchase from many sources. It is not common, as it has a catalog value of $100+, if in sound condition with VF centering. However, this pictured stamp has average centering with multiple (major) faults, so its value is severely diminished compared to the catalog valuation. It may be a $5 - $10 stamp, but value is ultimately determined by a purchaser.
This is not a rare issue. In the condition you show it is common. Better quality is also common. Extremely Fine condition or better is more difficult to find and less common.
I see no indication of a grill. While they do get pressed out, there is at least a small possibility of this being a 127, since target cancels were still being used in 1875.
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