Yes, I think you are right. Under higher magnification I do see some indents on the left and bottom. Too bad, it must have been a nice jumbo. The paper fooled me. It is the softest of the soft paper I have ever felt. You can almost fold it all the way over without it creasing.
As posted above, a trimmed stamp with a thin. Actually a fairly common thing to find stamps from this era trimmed, big stamps were not all that unusual, and there were always people trying to make a fast buck around.
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