Lot 1206 o
1914, 2¢ carmine, imperf coil, horizontal line pair, two strikes of light December 1914 duplex cancels, attractively centered, bold bright color, light crease in lower portion of right margin which does not affect the design, Very Fine, ex-N. Grace; with 1981 and 2009 P.F. certificates.Scott No. 459 $50,000.
THE UNIQUE USED LINE PAIR OF 1914 2¢ IMPERF VERTICAL COIL - THE EARLIEST KNOWN USAGE OF THE FIRST ROTARY COIL TO BE ISSUED - A PHENOMENAL U.S. PHILATELIC RARITY.
The 1914, 2¢ carmine, imperf coil was issued on June 30th of 1914 with 21,000 coils being ordered by the U.S. Automatic Vending Machine Company. This order consisted of 14 rolls of 1,000 and 14 rolls of 500. Since no notice was given that this order was filled with the new rotary press stamps, its existence went completely unnoticed at the time of issuance. It wasn't until 1917 that two of these rolls (one 1,000 roll and one 500 roll) where noted by stamp dealer Philip Ward Jr. and is the source for virtually all the unused examples in the market today.
Realized: $42,500