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Sale 1027 — The Natalee Grace Collection of Used U.S. Stamps, Part Two: 1869 to Pan-American Issues

Sale Date — Wednesday, 19 September, 2012

Category — 1895 Watermarked Bureau Issue (Scott 264-278)

Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
145
 
Sale Number 1027, Lot Number 145, 1895 Watermarked Bureau Issue (Scott 264-278)6c Dull Brown, USIR Watermark (271a), 6c Dull Brown, USIR Watermark (271a)6c Dull Brown, USIR Watermark (271a). Showing clear "R" of watermark, unusually choice centering for this difficult variety, radiant color, neat cork cancel

EXTREMELY FINE GEM. A BEAUTIFUL AND RARE USED EXAMPLE OF THE 1895 6-CENT WITH THE "R" OF "USIR" WATERMARK. ONLY 27 USED EXAMPLES ARE KNOWN TO US, AND THIS IS ONE OF THE FINEST IN EXISTENCE.

The "USIR" (United States Internal Revenue) watermark error occurred when a supply of paper reserved for revenue stamp production was used for printing the 6c and 8c postage stamps. Unlike its more common 8c counterpart, the 6c is an extremely rare stamp. Our updated census of this issue, published at http://www.siegelauctions.com/dynamic/census/271a/271a.pdf , records only 24 used copies certified as genuine by the Philatelic Foundation, plus three uncertified copies. Fifteen of those certified do not specify which letter is present. The other twelve are split exactly equally between the "I" and "R" of the watermark. Many examples have perfs either close or touching the design.

Census No. 271a-CAN-08. Ex Hoffner and Rubin. With 1988 P.F. and 2009 P.S.E. certificates (XF 90; SMQ $32,500.00). This is the highest grade awarded to date and the only example to achieve this grade.

12,500
10,500
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