Lot
2308 
1909, 10¢ yellow, D.L. watermark, horizontal coil, line pair, full o.g., well centered especially for this notorious difficult issue, rich brilliant color, slightly rounded corner perf at top right (not mentioned on clear cert.), Very Fine; with 1976 P.F. certificate. Scott No. 356 $16,000.
A CHOICE ORIGINAL GUM LINE PAIR OF THE 1909 10¢ WASHINGTON HORIZONTAL COIL ISSUE.
The 1909 10¢ horizontal coil issue is known as one of the rarest of all U.S. coil issues. Only 15,000 where produced in rolls of 500. These rolls where sent to only six cities. Five of the 30 rolls where sent to the Chicago, Ill. Post Office where a Chicago auction firm purchased three rolls. They where able to sell approximately 300 to collectors while the balance was used on their mailing and sold to a local bank. This 300 sold to collectors apparently makes up a majority of the known mint examples on the market today.
Realized: $8,000