Sale 1034 — The Merlin Collection of Superb United States Stamps
Sale Date — Wednesday-Thursday, 28-29 November, 2012
Category — 1917-20 Washington-Franklin Issues (Scott 486-541)
EXTREMELY FINE GEM. AN ABSOLUTELY PERFECT EXAMPLE OF THE PERF 11 5-CENT ERROR OF COLOR, WHICH HAS BEEN AWARDED THE GRADE OF GEM 100 BY P.S.E. -- THIS IS THE HIGHEST GRADE AWARDED.
During the production of the normal 2c plate No. 7942, three positions were noted to be defective. The plate was sent back to the siderographer, who burnished out the three positions and mistakenly re-entered them using a transfer roll for the 5c stamp. The error passed unnoticed and the sheets were issued to the public both Perf 10, Imperforate and Perf 11 (Scott 467, 485 and 505).
With 2010 P.S.E. certificate (Gem 100; unlisted in SMQ above the grade of 98, SMQ $4,500.00 as 98). This is the highest grade awarded and it is the only example to achieve it.