Sale 1150 — United States Stamps

Sale Date — Wednesday, 1 March, 2017

Category — 1904 Louisiana Purchase Issue (Scott 323-327)

Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
983°
nh
Sale 1150, Lot 983, 1904 Louisiana Purchase Issue (Scott 323-327)1c Louisiana Purchase (323). Mint N.H., deep rich color, mathematically perfect centering with wide margins, immaculately fresh

EXTREMELY FINE GEM. THIS SUPERB MINT NEVER-HINGED EXAMPLE OF THE ONE-CENT LOUISIANA PURCHASE ISSUE HAS ACHIEVED THE PERFECT GRADE OF GEM 100. THIS IS THE ONLY EXAMPLE TO ACHIEVE THIS GRADE, WHICH IS THE HIGHEST AWARDED.

Among the entire Louisiana Purchase Issue, only four Mint N.H. stamps have been graded Gem 100 -- the 1c offered here, the 2c offered in the following lot and two of the 10c.

With 2008 P.S.E. certificate (Gem 100; SMQ $3,000.00). This is the only example to achieve this exalted grade with none higher. The SMQ value is absurdly low -- only 50% more than a 98 grade in SMQ which has a population of ten. This unique Gem 100 is therefore ten-times as rare as the stamps graded 98 -- it last sold in 2008 for $15,000 hammer.

65
8,500