Sale 932 — The Scarsdale Collection, Part 4: Washington-Franklin Issues
Sale Date — Friday, 30 March, 2007
Category — 1915 Double-Line Watermark Perf 10 Issue (Scott 460)
EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED EXAMPLE OF THE THE PERF 10 DOUBLE-LINE WATERMARK $1.00 FRANKLIN.
The change from 12-gauge to 10-gauge perforations occurred after single-line watermarked paper was introduced. However, unlike the other denominations, the $1.00 was never printed on the new single-line watermark paper. The 50c and $1.00 denominations were originally printed in plates of 200 subjects, and the Bureau still had stocks of the double-line watermark paper in this size on hand. The other denominations were printed in sheets of 400. The Bureau continued to use up their stocks of this paper, but the stamps were perforated on the newly-outfitted Perf 10 perforating machines.
With 1991 and 2000 P.F. certificates