This item is from my personal collection and is in mint condition. It is NOT addressed. At the time I received them in the mail, I inserted the envelope onto the panel and slid them into the plastic sleeve. They have not been removed until the time I took the pictures. The panel has interesting background information about the stamp subject.

1995 PCS FDC Panel:

UNITED STATES NAVAL ACADEMY 150th Anniversary 1845-1995

32 cent Stamp

Postmarked Annapolis, MD--October 10, 1995