Sale 1115 — A European Connoisseur's Collection of U.S. Classic Issues
Sale Date — Tuesday, 15 December, 2015
Category — 5c 1847 Issue, Off-Cover (Scott 1)
EXTREMELY FINE GEM. A RARE ORIGINAL-GUM EXAMPLE OF THE 5-CENT 1847 ISSUE IN SUPERB CONDITION. ONE OF THE MOST BEAUTIFUL 5-CENT 1847 STAMPS WE HAVE ENCOUNTERED, AND ITS FRESH COLOR IS DUE TO THE FACT THAT IT WAS PLACED IN THE COLLECTOR'S ALBUM HALF A CENTURY AGO AND HAS SEEN VERY LITTLE OF THE LIGHT OF DAY.
With 2015 P.S.E. certificate (POG, XF-Superb 95). The highest P.S.E. grade for Scott 1 (Red Brown or Brown) is 95 for NG/RG/POG categories (3 total, without differentiating between no gum/regummed or part original gum -- a big difference), and for OGph the highest grade is 90. The Dark Brown, Scott 1a, is separately listed with OGph 98J (2) and OGnh 95 (1) but none listed for 90 or 95 in OGph category. Applying the SMQ value to this stamp is problematic. As Scott 1 in OGph 90 grade, the value is $13,500.00, but this stamp is a higher grade and has part original gum. For Scott 1a in OGph 95 the SMQ is $24,000.00, but since no such stamp exists for that grade and gum category, the value does not have a true market basis. With all that said, the stamp offered here should have a fair market value of at least $10,000 to $15,000, which should eventually translate into an SMQ value after the auction.