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EXTREMELY FINE. ONLY A FEW SOUND AND CENTERED EXAMPLES OF THE 1923 ONE-CENT ROTARY PERF 11 ISSUE EXIST. THIS IS WITHOUT QUESTION ONE OF THE FINEST IN EXISTENCE. A PHENOMENAL CONDITION RARITY.
Like the 2c, Scott 595, this issue was perforated in both directions on the flat plate perforating machine. This machine was not designed to perforate rotary press stamps, which are slightly different in size due to the curvature of the printing plate. This caused notoriously poor perforations. The existence of Scott 594 was not reported until four months after the final sheets were delivered, and the 1c Rotary Perf 11 was soon recognized as one of the rarest United States stamps.
Our exhaustive census of Scott 594, available at our website at: http://www.siegelauctions.com/dynamic/census/594/594.pdf , contains 89 used singles, four used pairs and five covers (including one with a pair) for a total of 103 used stamps. Many have perforations either in on one or more side, or have faults.
Census No. 594-CAN-52. Ex Scarsdale. With 1950, 1994 and 2004 P.F. and 2006 P.S.E. certificates (VF-XF 85, SMQ $53,600.00). We were very surprised this only graded an 85 at P.S.E., which prompted us to compile our census of this issue. We failed to find a better copy -- none has graded higher to date. For some reason SMQ provides a $96,000.00 value for this issue in the grade of 90, which is misleading since none exists. We believe the 90 price should apply to the example offered here, based on its realization in the Scarsdale sale.
Scott Catalogue notes "both unused and used are valued with perforations just touching frameline on one side" (Image)
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VERY FINE. ONE OF THE FINEST OF THE THIRTEEN RECORDED EXAMPLES OF SCOTT 596 AND ONE OF ONLY FIVE EXAMPLES WITHOUT A PRECANCEL. ONE OF THE GREAT RARITIES OF 20TH CENTURY UNITED STATES PHILATELY.
The discovery of the stamp that would eventually become Scott 596, was announced in an article in the Bureau Specialist by Max Johl, who in the same article announced the discovery of a 1c Washington design (Scott 544). A third rotary press rarity, the 2c Harding (Scott 613), would not be discovered for another two years. Scott 596 is a slightly taller design than both the flat plate printing and the rotary coil waste printing, or Scott 594, due to the direction it was rolled around the rotary press printing cylinder. The "tall stamp" was considered to be a variety of Scott 594, the "wide" Rotary Perf 11, it was given its own Scott number in 1963.
All three issues (Scott 544, 596 and 613) were rotary sheet waste perforated 11 in both directions on the flat plate perforating machine. It is unclear whether they were produced at the same time. Production quality and quantity was very low, due to the rotary press stamps' natural tendency to curl, and the use of the flat plate perforator for the slightly different-sized rotary printing.
Our census of Scott 596, illustrated below and available at our website at http://www.siegelauctions.com/dynamic/census/596/596.pdf , records thirteen used stamps. None is recorded unused. Only five of the thirteen have regular cancels. Of the non-precancelled stamps, two have major faults and one has poor centering. The stamp offered here and one other (Census No. 596-CAN-01) are the only two well-centered non-precancelled examples in existence.
Census No. 596-CAN-02. Ex Clifford Cole and Zoellner. With 1966 P.F. certificate. (Image)