Lot 516
1923, 1¢ green, rotary coil waste (594), tied on piece by neat "Madison Sq, Sta. N.Y. 2, Oct 4 1924" slogan cancel, well centered for this, piece with tear runs to edge of stamp possibly causing tiny edge tear in stamp, Fine and exceedingly rare., Scott value is for an example "with perforations just touching frame line on one side".
Scott $10,500
Expertization: clear 1955 P.F. Certificate.
Only about 100 examples are recorded of the 1¢ perf. 11 made from rotary press coil waste. These particular examples come from the "Fairbanks" find of 1934 which consisted of nine covers, each franked with a pair, that had been returned by the post office from a bulk mailing done ten tears earlier. All of the Fairbanks covers were cut down to pieces.
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| Realized $3,500 |
