I collect mainly GB, but am going through a backlog of US stamps to catalog and put into my collection. I came across this one that I am a bit lost with.
It is a 2c Washington, I know it has its issues, but I am trying to learn this area hence the question. It has a watermark so I believe it is the 1895 series, I think type III. The color is actually not carmine or red, more of a orangey color which I do not see listed for Type III. The watermark has me confused as well. Looks like it is "U" inverted reversed, but I do not see that in the specialized catalog for these.
Could be completely be off base here hopefully someone can point me inthe right direction.

