1916, 1¢ green, Wilson Roulette Private Perforations, horizontal pair, o.g., never hinged, fresh and Very Fine; each pencil signed "Wilson Roulette, H. Herst Jr." on reverse. Scott No. 481 var.  Estimate $100 - 150. In the early 1920s, Mr. J. Hull Wilson bought sheets of imperforate stamps and cut out blocks for resale. He then perforated the leftover scrap and remaining sheets with a sewing machine. Most of the stamps were used for his own correspondence. In the late 1920s, Wilson borrowed money from a Pittsburgh bank and put up his bulk of perforated stamps as collateral. When he defaulted on the loan, the bank sold the entire remaining lot to Nassau Stamp Co. Later Herman Herst Jr. acquired a large lot, authenticated these stamps by signing on the backs in pencil. $0 (Image)