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VERY FINE AND CHOICE PAIR OF THE 5-CENT BLUE VERTICAL COIL, SCOTT 317.
According to Johl, these first government coils were an experiment, and collectors and dealers were generally unaware of their existence. Regular sheets of 400 were printed and then perforated in only one direction. They were then cut into strips of 20. The strips were then hand pasted together to form rolls. As such, they are almost always strongly centered to one side. The futility of attempts to find sound and centered examples has resulted in very few even being considered for grading -- only three pairs and five singles have been graded (hghest grade for a pair is 85).
Signed E. Stern. With 1994 P.F. certificate (Image)
Search for comparables at SiegelAuctions.com
FINE EXAMPLE OF THE ONE-CENT HORIZONTAL COIL, SCOTT 318.
Small backstamp. With 1959 P.F. certificate (Image)
VERY FINE APPEARING PAIR OF THE SCARCE 2-CENT 1908 HORIZONTAL COIL, SCOTT 322.
Each with Ward backstamp. With 1986 P.F. certificate (Image)