2c Red, Ty. I, Coil (449). Joint line pair, face-free oval cancel, fresh and bright color, wide margins at sides, perfs intact at top and bottom, negligible tiny tear at bottom left

FINE APPEARANCE. ONLY TEN USED JOINT LINE PAIRS AND ONE USED JOINT LINE STRIP OF FOUR OF SCOTT 449 HAVE BEEN CERTIFIED BY THE PHILATELIC FOUNDATION. A MAJOR RARITY.

The 2c Type I rotary plate was used very briefly to make vertical coils issued in December 1915. It was superseded in February 1916 by the Type III plate. The early printing of the 2c Rotary Vertical Coil was almost completely overlooked by contemporary collectors and dealers, who did not anticipate further production of vertical coils. With the basic letter rate at 2c, used coil multiples are extremely rare.

Of the ten recorded used joint line pairs, only three are sound and centered. The finest used line pair realized $52,500 hammer at auction approximately one year ago.

With 1987 P.F. certificate

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