10c Yellow, Horizontal Coil, Perf 12 (356). Mint N.H. guide line pair, radiant color, post-office fresh

VERY FINE AND CHOICE. THE 10-CENT PERF 12 COIL IS EXCEEDINGLY RARE AS A GUIDE LINE PAIR IN THIS SUPERIOR GRADE AND MINT NEVER-HINGED CONDITION.

According to Johl (Volume 1, page 181), only 10,000 of the 10c Washington coil stamp were issued. They were made especially for a New York firm to send out advertising samples, similar to the 3c Orangeburg coil. Only a few rolls were sold to the firm, and the remaining rolls were distributed to some of the large post offices across the country. Dealers acquired several rolls, but because most contemporary collectors did not collect coils, many were used and destroyed.

A review of our computerized records revealed an astonishing fact: this is the only Mint N.H. guide line pair we have offered since keeping computerized records. Our computerized records encompass almost 13 years of auctions. In that time we have offered in Mint N.H. condition the following examples of Scott No. 356: 1) Mint N.H. guide line strip of four, ex Zoellner (Sale 804, lot 560, realized $35,000 hammer); 2) Mint N.H. single offered twice (once in Sale 848 and once in Sale 913); 3) Mint N.H. guide line pair, ex Silver Lake (Sale 866, lot 206, realized $47,500 hammer), the guide line pair offered here, and 4) the Mint N.H. pair offered in lot 227 of this sale.

With 1997 P.F. certificate for guide line strip of four and 2004 P.F. certificate as guide line pair. P.S.E. encapsulated (F-VF 75; SMQ $27,000.00 as 70, $50,000.00 as 80) -- grading is somewhat irrelevant for a rarity of this caliber.

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