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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 Vertical Coils, Double-Line Watermark (Scott 348-351)

Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
2318
nh
Sale Number 1202, Lot Number 2318, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)1c Green, Coil (348), 1c Green, Coil (348)1c Green, Coil (348). Mint N.H. guide line strip of four, rich color, well-centered, Extremely Fine, with 2013 P.S.A.G. certificate, Scott Retail as guide line pair and two singles

810
450
2319
nh
Sale Number 1202, Lot Number 2319, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)1c Green, Coil (348), 1c Green, Coil (348)1c Green, Coil (348). Mint N.H. guide line pair, rich color and detailed impression, near perfect centering with wide margins

EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED GUIDE LINE PAIR OF THE ONE-CENT VERTICAL COIL, SCOTT 348, GRADED SUPERB 98 BY P.S.E. THIS IS THE HIGHEST GRADE AWARDED.

With 2006 P.S.E. certificate (Superb 98; SMQ $4,000.00). This is the highest grade awarded and it is shared by only two others

600
2,100
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2320
nh
Sale Number 1202, Lot Number 2320, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)1c Green, Coil (348), 1c Green, Coil (348)1c Green, Coil (348). Mint N.H. pair, mathematically perfect centering, bright shade on fresh paper

EXTREMELY FINE GEM. THIS SUPERB MINT NEVER-HINGED PAIR OF SCOTT 348 HAS BEEN AWARDED THE PERFECT GRADE OF GEM 100 BY P.S.E.

With 2005 P.S.E. certificate (Gem 100; SMQ $1,850.00). This is the highest grade awarded to a pair and it is shared by only two others

225
2,900
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2321
nh
Sale Number 1202, Lot Number 2321, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)1c Green, Coil (348), 1c Green, Coil (348)1c Green, Coil (348). Mint N.H., mathematically perfect centering with wide margins, bright and fresh, Extremely Fine Gem, a superb stamp, with 2013 P.S.E. certificate (Gem 100; SMQ $800.00), only one grades higher and two others share this grade

80
600
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2322
 
No Lot.
0
0
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2323
 
Sale Number 1202, Lot Number 2323, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)1c Green, Coil (348), 1c Green, Coil (348)1c Green, Coil (348). Guide line pair, outstanding centering and margins, deep rich color and proof-like impression, unobtrusive strike of circular datestamp cancel

EXTREMELY FINE GEM. THIS SUPERB USED GUIDE LINE PAIR OF THE 1908 ONE-CENT VERTICAL COIL, SCOTT 348, IS GRADED XF-SUPERB 95 BY P.S.E. -- THIS IS THE HIGHEST GRADE AWARDED AND IT IS SHARED BY NO OTHERS.

The vertical coils of the early Bureau issues were less popular than the horizontal coils and so relatively few were used. Used guide line pairs of Scott 348 are rare in any condition, let alone in sound condition with choice centering. This superb pair sits atop the P.S.E. Population Report.

With 2008 A.P.S. and 2009 P.S.E. certificates (XF-Superb 95; SMQ $2,750.00). This is the highest grade awarded to a used guide line pair and it is shared by no others

800
2,300
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2324
 
Sale Number 1202, Lot Number 2324, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)1c Green, Coil (348), 1c Green, Coil (348)1c Green, Coil (348). Pair, huge Jumbo margins, uncharacteristic for this coil issue, rich color, each stamp with single line cancel, Extremely Fine Gem, with 2009 P.S.E. certificate (XF-Superb 95 Jumbo; SMQ $950.00), the highest grade awarded to a used Scott 348 pair with none equal, the runners-up grade at only 90

160
600
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2325
 
Sale Number 1202, Lot Number 2325, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)1c Green, Coil (348), 1c Green, Coil (348)1c Green, Coil (348). Wide margins and essentially perfect centering, light machine cancel, Extremely Fine Gem, with 2017 P.S.E. certificate (Superb 98; SMQ $625.00), the highest grade awarded and shared by only two others

55
450
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2326
nh
Sale Number 1202, Lot Number 2326, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)2c Carmine, Coil (349), 2c Carmine, Coil (349)2c Carmine, Coil (349). Mint N.H. guide line strip of four, brilliant color, Very Fine, an attractive and scarce Mint N.H. strip of this issue, with 2003 P.F. (for strip of five) and 2013 P.S.E. certificates, Scott Retail as Mint N.H. guide line pair and singles

1,800
800
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2327
nh
Sale Number 1202, Lot Number 2327, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)2c Carmine, Coil (349), 2c Carmine, Coil (349)2c Carmine, Coil (349). Mint N.H. guide line pair, choice centering and margins, bright color and proof-like impression on bright paper

EXTREMELY FINE MINT NEVER-HINGED GUIDE LINE PAIR OF THE 2-CENT VERTICAL COIL, SCOTT 349.

With 2001 P.F. and 2005 P.S.E. certificates (XF 90; SMQ $2,500.00). Only one line pair grades higher (at 95) and only two others share this grade

1,350
1,900
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2328
nh
Sale Number 1202, Lot Number 2328, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)2c Carmine, Coil (349), 2c Carmine, Coil (349)2c Carmine, Coil (349). Mint N.H. pair, vivid color, unusually choice centering with balanced margins, Extremely Fine Gem, with 2008 P.S.E. certificate (XF-Superb 95; SMQ $2,250.00), only one pair grades higher (at 98)

600
2,400
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2329
nh
Sale Number 1202, Lot Number 2329, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)2c Carmine, Coil (349), 2c Carmine, Coil (349)2c Carmine, Coil (349). Mint N.H., outstanding centering and margins, vibrant color, Extremely Fine Gem, with 1997 (for pair) and 2008 P.S.E. certificates (XF-Superb 95; SMQ $1,000.00), the highest grade awarded (shared by only seven others)

225
850
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2330
 
Sale Number 1202, Lot Number 2330, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)2c Carmine, Coil (349), 2c Carmine, Coil (349)2c Carmine, Coil (349). Pair, brilliant color, choice centering and margins, neat "ANNEX STATION" machine cancel, Extremely Fine, very rare used in this high grade, with 1996, 2005 and 2016 P.S.E. certificates (XF 90; SMQ $1,000.00), the highest grade awarded to a used pair and it is shared by only one other, collectors waiting for a superb used guide line pair may wish to consider this pair as a substitute since there is only one line pair graded in the P.S.E. Population Report and it is below 50

400
2,100
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2331
 
Sale Number 1202, Lot Number 2331, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)2c Carmine, Coil (349), 2c Carmine, Coil (349)2c Carmine, Coil (349). Wide and well-balanced margins, vibrant color, light machine cancel, Extremely Fine Gem, with 2013 P.S.E. certificate (XF-Superb 95; SMQ $625.00), this is one of only four in this grade with none higher

150
350
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2332
nh
Sale Number 1202, Lot Number 2332, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)4c Orange Brown, Coil (350), 4c Orange Brown, Coil (350)4c Orange Brown, Coil (350). Mint N.H. guide line strip of four, rich color, Very Fine, a scarce Mint N.H. strip of this issue, Power Search located only two others offered in our sales since 1993, with 1977 P.F. certificate, Scott Retail as Mint N.H. guide line pair and two singles

3,150
1,500
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2333
nh
Sale Number 1202, Lot Number 2333, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)4c Orange Brown, Coil (350), 4c Orange Brown, Coil (350)4c Orange Brown, Coil (350). Mint N.H. guide line pair, brilliant color, choice centering with wide margins

EXTREMELY FINE MINT NEVER-HINGED GUIDE LINE PAIR OF THE 4-CENT HORIZONTAL COIL, SCOTT 350.

According to Johl (Vol. 1, page 153), this coil was issued approximately eighteen months after the horizontal coil Scott 354 and was only in use for a short period of time.

Ex "Hanover". With 2002 P.F. and 2016 P.S.E. certificates (VF-XF 85; SMQ $3,350.00). Only four grade higher

2,600
3,500
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2334
nh
Sale Number 1202, Lot Number 2334, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)4c Orange Brown, Coil (350), 4c Orange Brown, Coil (350)4c Orange Brown, Coil (350). Mint N.H. pair, bright shade, outstanding centering and margins, post-office fresh

EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED PAIR OF THE 4-CENT PERF 12 DOUBLE-LINE WATERMARKED COIL, GRADED XF-SUPERB 95 BY P.S.E.

According to Johl (Vol. 1, page 153), this coil was issued approximately eighteen months after the horizontal coil Scott 354 and was only in use for a short period of time.

With 2008 P.S.E. certificate (XF-Superb 95; SMQ $4,950.00). This is the highest grade awarded to a Mint N.H. pair of Scott 350, with none equal.

900
8,000
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2335
nh
Sale Number 1202, Lot Number 2335, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)4c Orange Brown, Coil (350), 4c Orange Brown, Coil (350)4c Orange Brown, Coil (350). Mint N.H., wide margins and outstanding centering, rich color on bright paper, Extremely Fine Gem, with 1992 P.F. and 2008 P.S.E. certificates (XF-Superb 95; SMQ $1,750.00), only three grade higher (highest is 98) and two others share this grade

325
2,400
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2336
 
Sale Number 1202, Lot Number 2336, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)4c Orange Brown, Coil (350), 4c Orange Brown, Coil (350)4c Orange Brown, Coil (350). Guide line pair, bright color and detailed impression, unusually wide and balanced margins, neat strike of "Benton Harbor Mich." oval registry cancel

VERY FINE. THIS IS EASILY THE FINEST RECORDED USED GUIDE LINE PAIR OF THE 1910 4-CENT VERTICAL COIL. ONLY EIGHT GENUINE USED GUIDE LINE MULTIPLES ARE LISTED IN OUR CENSUS. A PHENOMENAL RARITY.

According to Johl (Vol. 1, page 153), this coil was issued approximately eighteen months after the horizontal coil Scott 354 and was only in use for a short period of time. Our census of used guide line pairs records only seven, plus one contained in a strip of four. Five of the eight were used in Benton Harbor Mich., the home town of Alvin Filstrup.

Unpublished Census No. 350-CAN-LP-07. Ex "Natalee Grace". With 2010 and 2012 P.S.E. certificates (VF 80; SMQ $4,000.00). Only three used guide line pairs of Scott 350 have received a grade from P.S.E., with this pair the highest graded. The other two are graded under 50

4,000
2,100
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2337
 
Sale Number 1202, Lot Number 2337, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)4c Orange Brown, Coil (350), 4c Orange Brown, Coil (350)4c Orange Brown, Coil (350). Pair, deep rich color, extra wide and beautifully balanced margins, neat strikes of target cancel

EXTREMELY FINE USED PAIR OF THE 1910 4-CENT VERTICAL COIL, GRADED XF 90 BY P.S.E. -- THIS IS THE HIGHEST GRADE AWARDED.

With 2016 P.S.E. certificate (XF 90; SMQ $1,950.00). This is the highest grade awarded to a used pair with none equal.

750
1,400
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2338
 
Sale Number 1202, Lot Number 2338, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)4c Orange Brown, Coil (350), 4c Orange Brown, Coil (350)4c Orange Brown, Coil (350). Choice margins and centering, rich color, neat strike of duplex cancel, fresh and Extremely Fine, with 2018 P.S.E. certificate (XF 90; SMQ $775.00), only two grade higher (at 95) and none equal this grade

240
750
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2339
nh
Sale Number 1202, Lot Number 2339, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)5c Blue, Coil (351), 5c Blue, Coil (351)5c Blue, Coil (351). Mint N.H. guide line strip of four, deep rich color, bottom stamp with light gum bend and natural paper inclusion, Very Fine and scarce, Power Search located only two others offered in our sales since 1993, with 1991 P.F. certificate, Scott Retail as Mint N.H. guide line pair and two singles

3,000
1,600
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2340
nh
Sale Number 1202, Lot Number 2340, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)5c Blue, Coil (351), 5c Blue, Coil (351)5c Blue, Coil (351). Mint N.H. guide line pair, wonderful depth of color and proof-like impression, outstanding centering and margins, post-office fresh

EXTREMELY FINE GEM. A STUNNING MINT NEVER-HINGED GUIDE LINE PAIR OF SCOTT 351, GRADED XF-SUPERB 95 BY P.S.E.

With 2006 P.S.E. certificate (XF-Superb 95; SMQ $8,000.00). Only one guide line pair grades higher (at 98, offered in Sale 1199) and only four share this grade

2,350
6,250
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2341
nh
Sale Number 1202, Lot Number 2341, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)5c Blue, Coil (351), 5c Blue, Coil (351)5c Blue, Coil (351). Mint N.H. pair, deep rich color on bright paper, essentially perfectly centered with wide and balanced margins

EXTREMELY FINE GEM. PROBABLY THE FINEST MINT NEVER-HINGED PAIR OF THE 5-CENT VERTICAL COIL IN EXISTENCE AND GRADED SUPERB 98 BY P.S.E. THIS IS THE HIGHEST GRADE AWARDED.

With 2001 P.F. and 2004 P.S.E. certificates (Superb 98; SMQ $6,500.00). This is the highest grade awarded with no equals

850
8,000
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2342
nh
Sale Number 1202, Lot Number 2342, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)5c Blue, Coil (351), 5c Blue, Coil (351)5c Blue, Coil (351). Mint N.H., wide margins and precisely centered, rich color on bright paper

EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED EXAMPLE OF THE 5-CENT VERTICAL COIL, GRADED SUPERB 98 BY P.S.E -- THE HIGHEST GRADE AWARDED.

With 1985 P.F. (for pair) and 2010 P.S.E. certificates (Superb 98; SMQ $3,100.00). This is the highest grade awarded and it is shared by only three others

325
2,500
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2343
 
Sale Number 1202, Lot Number 2343, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)5c Blue, Coil (351), 5c Blue, Coil (351)5c Blue, Coil (351). Pair, bright shade and detailed impression, unusually choice centering for this difficult coil issue, neat Chicago registry oval cancel

EXTREMELY FINE GEM. AN OUTSTANDING USED PAIR OF THE 5-CENT WASHINGTON VERTICAL COIL. THIS IS THE HIGHEST GRADED EXAMPLE IN THE P.S.E. POPULATION REPORT, WITH NO EQUALS.

Ex Bowman. With 1994, 2001 P.F. and 2009 P.S.E. certificates (XF 90; SMQ $2,000.00). This is the highest grade awarded to a used pair (no guide line pairs are graded). The next highest pair drops all the way down to a 75. We are confused by the low SMQ value since this pair realized $7,500 hammer in our 2015 sale of the Bowman collection

825
3,250
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2344
 
Sale Number 1202, Lot Number 2344, 1908-12 Perf 12 Vertical Coils, Double-Line Watermark (Scott 348-351)5c Blue, Coil (351), 5c Blue, Coil (351)5c Blue, Coil (351). Choice centering and margins, rich color, light circular datestamp cancel, fresh and Extremely Fine, with 2017 and 2018 P.S.E. certificates (XF 90; SMQ $750.00), the highest grade awarded to a used single of Scott 351 and it has been equaled by only two others, collectors seeking this used coil in the highest grades will have few opportunities for purchase outside of this sale, the highest pair recorded is one example at 90, offered in the previous lot, there is no used line pair in any grade in the P.S.E. Population Report

300
900
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