EXTREMELY FINE GEM EXAMPLE OF THE PERF 10 DOUBLE-LINE WATERMARK $1.00 FRANKLIN. PERHAPS THE FINEST IN EXISTENCE AND GRADED SUPERB 98 JUMBO BY P.S.E. THIS IS THE HIGHEST GRADE AWARDED AND THE ONLY TO ACHIEVE IT.
Even though this issue is not particularly rare, collectors who have been searching know the extreme difficulty of obtaining examples with such perfect centering and in such pristine condition.
With 2014 P.S.E. certificate (Superb 98 Jumbo; SMQ $16,500.00). This is the highest grade awarded and the only example to reach this exalted grade.
$1.00 Violet Black (460), full top "BUREAU, ENGRAVING & PRINTING" imprint and plate number A 5782 block of six, four stamps Mint N.H., center stamps lightly hinged, wide margins, the top row with particularly choice centering, deep rich color
Paul Cheyney (collection sold privately to Mr. Gross)
Extremely Fine; natural diagonal gum bend
SCOTT CATALOGUE VALUE (2019)
HISTORY AND COMMENTARY
The Change from Perf 12 to 10
In 1914, six years into production of the Washington-Franklin series, the perforations were altered to gauge 10 on all sides. The change was made in response to complaints from postmasters and users that the Perf 12 stamps separated too easily, a problem encountered on earlier coil stamps. The weakened and separated sheets made it difficult for local postmasters to properly account for stock, and businesses lost time putting stamps on parcels when multiples fell apart.
The Bureau had previously experimented with Perf 8.5 stamps for coils to resolve the same problem. These were found to be too hard to separate, so the Bureau settled on Perf 10 for the new gauge. Johl notes that the first machine was set to gauge 10 on September 4, 1914, and that the last machine was set on November 4 of the same year.
Lewis Kaufman records only twelve top and six bottom plate blocks available to collectors (excluding the top position in the Miller collection owned by The New York Public Library). Plate 5782 was the only plate prepared for each of the $1.00 Franklin issues (Scott 423, 460, 478 and 518).
EXTREMELY FINE. A BEAUTIFUL MINT NEVER-HINGED EXAMPLE OF THE PERF 10 DOUBLE-LINE WATERMARKED $1.00 FRANKLIN, SCOTT 460.
With 1992 and 2001 P.F. and 2001 P.S.E. certificates
VERY FINE. AN EXCEPTIONALLY RARE MINT NEVER-HINGED PLATE BLOCK OF THE 1915 $1.00 PERF 10 DOUBLE-LINE WATERMARKED ISSUE, SCOTT 460.
Lewis Kaufman records only six top and six bottom plate blocks for this issue. Among that small population is a tiny number with Mint N.H. gum. We have seen only this plate block and a Mint N.H. top plate block offered in one of our sales in 2006 (Sale 920, lot 220). Plate 5782 was the only plate prepared for each of the $1.00 Franklin issues (Scott 423, 460, 478 and 518).
With 2017 P.S.E. certificate
EXTREMELY FINE GEM. AN EXQUISITE MINT NEVER-HINGED COPY OF THE $1.00 FRANKLIN PERF 10 DOUBLE-LINE WATERMARK, SCOTT 460.
With 1999 P.F. certificate
EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED EXAMPLE OF THE $1.00 FRANKLIN, SCOTT 460, WHICH IS GRADED XF-SUPERB 95 BY P.S.E.
With 2008 P.S.E. certificate (XF-Superb 95; SMQ $5,250.00). Only six have graded higher (five at 98 and one at 98J) and only six others share this desirable grade.
EXTREMELY FINE MINT NEVER-HINGED EXAMPLE OF THE PERF 10 DOUBLE-LINE WATERMARKED $1.00 FRANKLIN ISSUE.
With 1966, 2017 P.F. (XF 90 XQ, denoting "Extraordinary Quality") and 2013 P.S.E. certificates (XF 90; SMQ $2,600.00)
FINE-VERY FINE. A LOVELY AND RARE PLATE BLOCK OF THE 1915 $1.00 PERF 10 DOUBLE-LINE WATERMARKED ISSUE, SCOTT 460.
Lewis Kaufman records only six top and six bottom plate blocks for this issue. Plate 5782 was the only plate prepared for each of the $1.00 Franklin issues (Scott 423, 460, 478 and 518).
With 2014 P.F. certificate