2c Carmine Rose, Ty. II, Rotary Perf 11 x 10 (539). Mint N.H., rich color and sharp impression, well-balanced margins and attractive centering

VERY FINE. A BEAUTIFUL MINT NEVER-HINGED EXAMPLE OF THIS RARE ROTARY-PRESS WASTE ISSUE.

At the beginning or end of a coil-stamp print run from the 170-subject rotary plates, some leading or trailing paper was left over that was too short for rolling into 500-stamp rolls. In 1919, the Bureau devised a plan to salvage this waste by converting the stamps from coil stamps into sheet stamps. This was accomplished by cutting the sheets into panes and putting the panes through the flat-plate perforator in use at the time, giving the stamps perforations on all sides.

Since Scott 539 was put through two different perforating machines of differing gauges at different times, most of the stamps are off-center.

With 1986 P.F. and 2013 P.S.E. certificates (F-VF 75; SMQ $7,200.00). Only one stamp has been graded higher in the P.S.E. Population Report -- at VF 80 -- and only one other shares this grade. The $7,200.00 SMQ value for a 75 grade speaks volumes about the centering normally encountered on this rare stamp

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