1787 Connecticut 1/2p, M32.5-aa, W3260, INDE/FUDE = FNDE, R4. Authenticated and graded by PCGS as VF20, and this is a warm, medium brown example with excellent color, surfaces, and eye appeal. The only defects are some small rim bumps, the most notable at K5 obverse, and K7 reverse. On this example, the "FNDE" error is particularly bold, and believe it or not, VF20 is the highest grade example that I have been able to locate. If you have an upgrade, please offer it to me! The "INDE over FUDE, M32.5-aa" attribution is listed on the PCGS label.