I purchased a new stripe kit from AMES. I am measuring 1 7/8" from top to bottom of the three-series stripes. Each small stripe measures 1/4". The center large stripe measures 3/4". The space between the top stripe and the center stripe, as well the space between the center and the bottom stripe is 5/16".

1/4 + 1/4 = 1/2 (Top/Bottom small stripes)
3/4 + 1/2 = 1 1/4 (Center,Top and Bottom combined)
5/16 + 5/16 = 5/8 (Spaces)
1 1/4 + 5/8 = 1 7/8 (Entire stripe)