Lot 2265 o
1923, 1¢ green, rotary sheet waste, "Kansas City, Mo." Bureau precancel, rich color, faint vertical crease at left, still Fine; with 1967 and 2008 P.F. certificates.Scott No. 596 $100,000 for the grade of fine.
AN ATTRACTIVE EXAMPLE OF THE 1923 1¢ ROTARY SHEET WASTE PERF 11 (SCOTT 596) ISSUE - A GREAT 20TH CENTURY RARITY WITH ONLY FIFTEEN EXAMPLES RECORDED.
This is without question the rarest United States issue of the 20th century. It was probably produced during the middle of 1924 however it was only discovered in 1962. This issue was the result of "coil waste" but rather than made from horizontal coil sheets, such as Scott #578-579 and #594-595, this issue was made from vertical coil waste sheets. The difference being in the measurement of the design as the horizontal coil design is wider since the plates have been stretched by curving them in that direction in order to fit the cylinder on the rotary press. In the same fashion, the vertical coil plates were curved in the vertical direction causing the design to stretch vertically.
To date, the Siegel census now contains fifteen examples of this issue of which about half are deemed faulty.
Realized: $120,000