NFLD 48A Imperf Fake?

Just curious why this imperf would be postally used.
NSSC catalog states that it could come with gummed. So it could be possible that someone used it.

looks like there is 2 different cancellations also.

any idea on a Catalog value.

Apologies, but this is a fake. Someone has cut off the perfs and demonstrates the reason why in most every case, imperfs need to come in pairs to prove they are genuine.

Note the little speck of paper on the edge below the "N" of "CENTS". This looks like a perf that got folded over and missed the trim. Nearby, there are are couple of nicks that look like perf holes. If they are spaced apart as perf 12 holes would be, it makes it clearer that this has been trimmed. A third factor is that the bottom edge of the stamp is cancel-free. Particularly with such a heavy cancel, there should have been at least some ink on the edge originally.

This Codfish stamp was from November 1887 to 1898 and came in orange and deep reddish orange varieties. The common perf stamp canceled is about $5 to $10. The imperf variety is extremely rare (NSSC/Walsh cites like 5 known) and $$$$. I believe the stamp you have might be a genuine stamp (not a forgery) but as hy-brasil says was cut to look like an imperf variety. The fact that it is canceled also suggest regular use, because typically imperf stamps were unused (not always).

I did also check Ed Wener's foundational study of all Newfoundland forgeries and did not see this one listed (meaning its not a forgery but a fraudulent use of a real stamp). Hard to be sure though.