1c Green, Rotary (545). Mint N.H., radiant color, detailed impression, perfectly centered with unusually wide and balanced margins, full perforations all around

EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED EXAMPLE OF THE 1921 ONE-CENT PERF 11 ROTARY WASTE ISSUE, SCOTT 545. THIS STAMP IS A TRUE CONDITION RARITY, AND HAS BEEN AWARDED THE GRADE OF SUPERB 98 BY P.S.E. -- THIS IS THE ONLY EXAMPLE TO ACHIEVE THIS GRADE, AND ONLY ONE HAS GRADED HIGHER.

By their very nature, rotary press waste stamps are extremely difficult to obtain with such choice centering. The production process was far less precise, resulting in many off-center stamps. The stamps were not meant to be perforated on the flat-plate perforating machines, which were set for a slightly different size of stamp.

With 2003 P.F. and 2005 P.S.E. certificates (Superb 98; SMQ $10,200.00). This is the only example to achieve the grade of 98, and only one has graded higher (98 Jumbo, offered in lot 273).

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