Sale 1202 — The James Depew Collection of Superb U.S. Coils and 20th Century Imperforate Issues
Sale Date — Wednesday, 22 May, 2019
Category — 1908-12 Perf 12 Horizontal Coils, Double-Line Watermark (Scott 352-356)
VERY FINE AND CHOICE. AN EXTREMELY RARE SOUND AND CENTERED USED EXAMPLE OF THE 10-CENT HORIZONTAL COIL, SCOTT 356.
According to Johl (Volume 1, page 181), only 10,000 of the 10c Washington coil stamp were issued. They were made especially for a New York firm to send out advertising samples, similar to the 3c Orangeburg coil. Only a few rolls were sold to the firm, and the remaining rolls were distributed to some of the large post offices across the country. Dealers acquired several rolls, but because most contemporary collectors did not collect coils, many were used and destroyed.
With 1987 P.F. and 2017 P.S.E. certificates (VF-XF 85; SMQ $5,600.00). This is the highest graded used example of Scott 356 in any format and it is equaled by no others. The highest graded pair is the 70 offered in the previous lot