New to collecting, so please bear that in mind.
The first variety (#552) was issued in 1923 and has a perforation guage of 11 all the way around.
The second variety (#581) was issued in 1922 and has a perforation guage of 10 all the way around.
The third variety (#632) was issued in 1927 and has a perforation guage 11 at the sides and perf guage 10½ on the top and bottom.
When I count the perforations on this stamp I am seeing 12 vertical and 11 horizontal (?).
Am I counting wrong? Any help would be appreciated.
