EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED EXAMPLE OF THE 2-CENT ROTARY WASTE ISSUE, SCOTT 546, WHICH IS GRADED SUPERB 98 BY P.S.E. THIS IS THE HIGHEST GRADE AWARDED AND ONLY ONE OTHER SHARES IT.
According to Johl (p. 228), Scott 546 was printed on a rotary press and was perforated 11 on all sides, unlike waste issues such as Scott 539, which was perforated 11 on one side and 10 on the other. Collectors and dealers at the time were generally unaware that rotary press stamps had been issued in sheet form with the same perforations as flat plate stamps, so this issue was overlooked and most were either used or destroyed.
With 2011 P.S.E. certificate (Superb 98; SMQ $5,250.00). This is the highest grade awarded and only one other shares this desirable grade. This is the first time we have offered this grade in one of our auctions.