FINE. A RARE AND ATTRACTIVE UNUSED EXAMPLE OF THE 10-CENT 1847 ISSUE.
With 1973 and 2019 P.F. certificates
EXTREMELY FINE GEM. A SPECTACULAR USED SHEET-MARGIN EXAMPLE OF THE 10-CENT 1847 ISSUE IN THE FINEST CONDITION ATTAINABLE, GRADED SUPERB 98 JUMBO BY P.S.E. -- THE HIGHEST AWARDED.
Ex Wall. With 2000 P.F. and 2019 P.S.E. certificates (Superb 98 Jumbo; SMQ $13,500.00). One of only five examples to achieve this grade, which is the highest awarded.
10¢ Black (2), Positions 17-18R1 showing misaligned entries on plate, horizontal pair, large to huge margins including frameline of above right adjoining stamp, original gum, lightly hinged, crisp shade and sharp impression
Alfred H. Caspary, H. R. Harmer sale, 1/16-18/1956, lot 125, to Cole (for Lilly)
Josiah K. Lilly, Jr., Siegel Auction Galleries, 2/7/1968, Sale 327, lot 3, to Weill (for A. T. Seymour)
A. T. Seymour, Siegel Auction Galleries, 4/23/1970, Sale 373, lot 6
Michael Lea, Sotheby Parke Bernet sale, 1/11/1978, Sale 10, lot 42
John C. Chapin (collection sold privately to Shreves and then to William H. Gross, 2002)
The Philatelic Foundation (1968)
Extremely Fine; right stamp has faint wrinkle that does not appear dark in watermark fluid and dries with barest flash of white
SCOTT CATALOGUE VALUE (2019)
HISTORY AND COMMENTARY
The Rarity of Unused 1847 Multiples
In anticipation of the new July 1851 rates and stamps, Postmaster General Nathan K. Hall announced on June 11 that the 5¢ and 10¢ postage stamps of 1847 would no longer be accepted as legal postage after June 30, 1851.
Postmaster Hall's demonetization order established a three-month redemption period--from July 1 to September 30, 1851--and instructed the public to present the stamps "to the Postmaster of whom they were purchased, or to the nearest Postmaster who has been authorized to sell postage stamps." Hall specified that only postmasters who had previously received stamps for sale directly from the Post Office Department were authorized to "pay cash for all genuine postage stamps" (Thomas J. Alexander, "Demonetization of the 1847 Issue," Chronicle 174, May 1997).
The procedure for redeeming unused 1847 stamps was cumbersome for the public and for postmasters. In the months following June 30, 1851, there was a degree of tolerance for use of the old stamps, as evidenced by dozens of covers with 1847 stamps used in the post-demonetization period. However, as time passed, the floating supply of old stamps dwindled, and it undoubtedly became more difficult to slip the 1847 stamps into the mails. Furthermore, paying the 3¢ domestic rate with a 5¢ 1847 stamp wasted 2¢. The USPCS census of covers with 1847 stamps shows a steep decline by the end of 1852.
Considering the purchasing power of five or ten cents in 1851, it is not surprising that the stamps were either used or exchanged, rather than left for future generations of collectors. Consequently, unused multiples of the 1847 Issue are extremely rare. The superb original-gum pair offered here was the largest and finest 10¢ 1847 unused multiple in the Alfred Caspary collection; it was the first of three pairs offered in the Caspary sale.
10¢ Black (2), Positions 1-3L1, horizontal strip of three from the top left corner of the sheet with huge margins all around including a generous portion of the top sheet margin, each stamp with red grid cancel applied by the United States mail agent in Panama
On cover: Rep. Ernest R. Ackerman (sold privately in 1928 through Perry)
On cover: Henry C. Gibson, Sr. (listed in Ward inventory, sold to Emerson, who removed the strip from the cover)
Off cover: Robert S. Emerson, Daniel F. Kelleher, 11/16/1946, Sale 438, lot 376, to Newbury
Saul Newbury, Siegel Auction Galleries, Part 6, 10/23-24/1963, Sale 255, lot 78
Ryohei Ishikawa, pictured in first book of 1980 Grand Prix exhibit
Wade Saadi (1847 collection sold privately to William H. Gross)
CENSUS, LITERATURE AND EXHIBITION REFERENCES
Stanley B. Ashbrook, Special Service, #11, pp. 69-71
The Philatelic Foundation (1982) "genuine cancelled in Panama"
The Philatelic Foundation (1991) "genuine with red grid cancellations which were used in Panama"
HISTORY AND COMMENTARY
1847 Stamps Used Outside the United States
United States Post Office Department records of 1847 stamps distributed to post offices indicate that 25 sheets of 10¢ 1847s (2,500 stamps) were sent on June 22, 1850, to A. B. Corwine, the official U.S. mail agent in Panama City. Corwine received the stamps on July 16. Another 25 sheets (2,500 stamps) were sent to Corwine on January 17, 1851, and received March 21. No 5¢ 1847s were ever sent to Panama, since the standard rate was 30¢ per half-ounce.
Corwine served as the American commissioner in Panama until Lincoln removed him from office. He was an instrumental figure in the so-called 1856 Watermelon War, when inebriated Americans in transit antagonized a local seller of watermelons by refusing to pay, leading to riots--the vendor pulled a knife, the antagonist pulled a gun, a struggle ensued, and a bystander was shot. Corwine's report of the incident was instrumental in the following short American occupation of the Isthmus, as well as payment of compensation and justification for future military actions to maintain the neutrality of Panama.
The 10¢ strip offered here was originally found used on a letter from Lima, Peru, addressed to Tepic, Mexico, and sent via the U.S. mail agent at Panama and via Mazatlan. The stamps and letter never touched United States territory during this journey, but the 30¢ postage paid for official U.S. mail transport from Panama.
According to Ashbrook's account, when the cover was discovered, it was "a bit ragged." After it was owned by Representative Ernest Ackerman and Henry Gibson, the next owner, Judge Robert Emerson, removed the strip and placed it in his "Deluxe Collection of the 1847 Issue." At the 1946 sale of this portion of Emerson's collection, it was acquired by Saul Newbury for a staggering price of $2,900. In the October 1963 Newbury sale (Part 6) held by Siegel, the strip realized $3,500, one of the four highest prices in the auction, including the famous 1¢ 1851 Type I Newbury cover, which sold for $12,000, and the 15¢ Z Grill discovery stamp, which sold for $11,500.
Following the Newbury sale, the strip was eventually acquired by Ryohei Ishikawa and shown in his 1847-1869 exhibit that garnered an International Grand Prix at WIPA 1981 (Vienna). Ishikawa sold the strip privately, and it next appeared in the Wade Saadi 1847 collection, which was acquired intact by Mr. Gross.