Lot
1775 
1908, 1¢ blue green, experimental coil, perf 12 horizontally, full o.g., wide margins, rich color and a wonderful crisp impression on fresh paper, Very Fine; with 1957 P.F. for pair and 2019 P.F. certificates. Scott No. 316 $160,000.
A WONDERFUL EXAMPLE OF THE 1908 1¢ HORIZONTAL EXPERIMENTAL COIL - A GREAT RARITY WITH ONLY ELEVEN PAIRS AND THREE SINGLES RECORDED.
The first Bureau issued coils were issued in vertical format at first, preceding the horizontal coils by nearly 6 months, appearing on February 18th, 1908 and issued in far less quantities than the horizontal coils. These issues were strictly experimental, prepared with the 1902 design series from normally produced sheets of 400 with the exception of perforations. Perforated in one direction and sliced by a stripper, these strips were then hand assembled into coil rolls.