1c Green, Rotary, Perf 11 (594). Bright color, unusually choice centering for this difficult issue with well-proportioned margins, neat New York town circular datestamp

EXTREMELY FINE GEM. 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 92 used singles, four used pairs and five covers (including one with a pair) for a total of 106 used stamps. Many have perforations either in on one or more side, or have faults.

Census No. 594-CAN-89. With 2012 P.F. certificate (XF 90). By way of comparison, the highest grade awarded in the P.S.E. Population Report is 85.

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