One category of errors, freaks, and oddities (EFOs) are color misregistrations. On stamps with more than one color, if one color is not aligned with the other color during the printing process, it can produce anywhere from simple displacements, to significant misplacements, comedic appearance...; I am not taking into consideration inverts.
Here is a simple example that is easy to collect. One of my favorite souvenir sheets is the relatively inexpensive 1947 CIPEX souvenir sheet (Scott US #948, 19May1947) issued to commemorate the Centenary International Philatelic Exhibition held in New York City from May 17 to May 25 in 1947. The convention marks the 100th anniversary of the first US postage stamp. The souvenir sheet shows a reproduction of the first 2 stamps, but in different colors from the originals.
Since there is a limit of one picture per post, I'll first show the basic souvenir sheet.
Notice in this example, both stamps are at the same level.
Beware, sometimes the singles get cut out from these souvenir sheets are put on sale as originals. Remember, the colors are different.
I've even seen them cut out and passed off as encased postage. Encased postage was used in 1862, and this souvenir sheet was issued in 1947.
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