Past Auction: July 2019

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Lot #196

United States 1917-29 Issues

1923 1c green, Rotary, perf. 11, unused without gum, well centered for this difficult issue with perfs clear (often found with perfs in), small paper flaw and a tiny natural inclusion at bottom, fine, with 1961 and 2019 Philatelic Foundation Certificates. One of the rarest 20th Century United States stamps in unused condition (594 is waste from a horizontal rotary printing used to make coils. At the beginning or end of a coil-stamp print run from the 170-subject rotary plates, some leading or trailing paper was produced that was too short for rolling into 500-stamp rolls. In 1919 the Bureau devised a plan to salvage this waste by perforating and cutting the sheets into panes. They were put through the 11-gauge flat-plate perforator in use at the time, giving the sheets full perforations on all sides. The existence of Scott 594 was not reported until four months after the final sheets were delivered, and the 1c Rotary perf. 11 was soon recognized as one of the rarest United States stamps. Siegel Census of unused examples of Scott 594 records only 18 (!) copies. Of these only 11 have any gum, and three of those have perforated initials of Crowell Publishing Co. of Springfield, Ohio, which some collectors regard as equivalent to a cancel. The example offered here is Census No. 594-OG-05 (Scott Catalogue notes "both unused and used are valued with perforations just touching frameline on one side") (catalogued as unused without gum)
Catalog #594
Catalog Value $35,000

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