Lot 4248 o
1923, 1¢ Franklin, rotary press coil waste, wavy line machine cancel, well centered for this with perforations clear of design on all four sides, bright color, Fine and attractive; with 1969 & 1987 P.F. certificates.Scott Nos. 594 $10,500.
ONE OF THE FEW SOUND EXAMPLES OF THE 1¢ ROTARY PERF 11, WHICH IS RECOGNIZED AS ONE OF THE RAREST 20TH CENTURY UNITED STATES STAMPS.
At the start or end of a coil-stamp print run from the 170-subject rotary plates, some leading or trailing paper was left over that was too short for the 500 stamp coil rolls. The Bureau devised a plan to salvage this waste by converting the stamps from coil stamps into sheet stamps. This was accomplished by cutting the sheets into panes and putting the panes through the flat-plate perforator, giving the stamps perforations on all sides.
Realized: $5,000