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EXTREMELY FINE EXAMPLE OF THE RARE 5-CENT VERTICAL COIL, SCOTT 317, WITH ATTACHED LEADER TAB.
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 hand pasted together to form rolls. As such, they are almost always strongly centered to one side.
With 2017 P.F. certificate (VF-XF 85 Jumbo) (Image)
Search for comparables at SiegelAuctions.com
EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED PLATE NUMBER EXAMPLE OF THE 5-CENT LOUISIANA PURCHASE ISSUE, WHICH IS GRADED SUPERB 98 BY P.S.E.
According to Johl (Volume 1), the Louisiana Purchase stamps were not popular with the public or collectors when they were issued -- due to their larger size and unfavorable comparisons to the designs of the previous 1901 Pan-American stamps. As a result, fewer were saved.
With 2000 P.F., 2008 and 2017 P.S.E. certificates (Superb 98; SMQ $4,750.00). Only one example has graded higher (at 98J, offered in our Sale 1150, realized $14,500 hammer). (Image)