Lot
4220 
1923, 1¢ green, rotary sheet waste, perf 11, o.g., never hinged, rich bold color and very fresh, beautifully centered for this notoriously off-centered issue, F.-V.F.; with 1971, 1992 and 2016 P.F. certificates, the latter Graded (F-VF 75, SMQ $60,000). Scott No. 544 $35,000 in the grade of fine.
A CHOICE AND EXTREMELY RARE EXAMPLE OF THE 1923 1¢ PERF 11 ROTARY SHEET WASTE ISSUE IN NEVER HINGED CONDITION - WITH APPROXIMATELY NINE SUCH EXAMPLES IN EXISTENCE.
A small quantity of 1¢ Rotary Press stamps was perforated 11 at the end of 1922, using remainder sheets from the earlier printings that were normally perforated in 10 gauge or 11/10 compound gauge. Most of the recorded copies of Scott 544 are off-center or have been damaged as a result of lower production standards and poor handling. It was not discovered until 1936 when three used examples came to light.
Realized: $37,500