Sale 1025 — 2012 Rarities of the World
Sale Date — Tuesday, 26 June, 2012
Category — Washington-Franklin and Panama Pacific Issues
EXTREMELY FINE GEM. A GORGEOUS MINT NEVER-HINGED EXAMPLE OF THE 1915 2-CENT TYPE I VERTICAL COIL, WHICH HAS BEEN GRADED XF-SUPERB 95 BY P.S.E. THIS IS THE HIGHEST GRADE AWARDED TO DATE.
The 2c Type I rotary plate was used very briefly to make vertical coils issued in late 1915. It was briefly used because the Type I plate was not very deeply engraved and the curvature of the rotary press yielded impressions lacking in some of the details. The Bureau noticed this immediately, and quickly replaced it with the Type III plate (according to Scott, the EDU for No. 449 is Oct. 29, 1915 and the EDU for Type III is Dec. 21, 1915).
With 2012 P.S.E. certificate (XF-Superb 95; SMQ $13,700.00). This is the highest grade awarded to date for any unused Scott 449 -- the highest grade for a pair or joint line pair is a 90 -- and only one other shares this grade.