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Sale 74: The Westpex Auction

Table of Contents

1922-1925 Regular Issue

Lot 2264 ()   

1923, 1¢ green, rotary coil waste, strong bold color, centered to right with perfs just shaving frameline, tiny natural perf disc impression at bottom, Fine, Scott catalog value for perforation just touching frameline on one side; with 1953 and 2013 P.F. certificates.
Scott No. 594    $35,000 for no gum.

AN ATTRACTIVE UNUSED EXAMPLE OF THE 1923, 1¢ PERF 11 ROTARY COIL WASTE.

The coil waste issues came about from the unusable portions (or waste) the derived when producing coils from the horizontal rotary printings. In the case of the 1923 1¢ coil waste (594) the waste had not been previously perforated and therefore were entirely perforated with the flat plate perforator which gauged 11x11. Since the Bureau did not consider this "coil waste" a different issue, no formal announcement was issues prior to their release. It wasn't until 1925 that this issue was discovered in used condition and by the next year only four examples were on record.

Realized: $10,000

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