EXTREMELY FINE UNUSED APPEARANCE. ONLY POSITION 7R1E--THE SEVENTH STAMP IN THE RIGHT PANE OF PLATE 1 EARLY--FURNISHED IMPERFORATE 1851 ONE-CENT STAMPS SHOWING THE COMPLETE DESIGN (TYPE I). VERY FEW EXAMPLES OF THIS STAMP HAVE MARGINS AS LARGE AS THE ONE OFFERED HERE. OF THE RAREST AND MOST DESIRABLE CLASSIC UNITED STATES STAMPS.
The published census compiled by Jerome S. Wagshal contains at least 98 unduplicated records of Scott 5. There have been one or two additions to the Wagshal census, and there are probably no more than a few examples existing outside of the census population. Therefore, the 1c 1851 Type I is the rarest of all United States stamps regularly issued prior to the 1868 Grills.
With the 1998 discovery of another unused Scott 5, there are now three unused examples of this stamp, of which one is sound. Prior to 1930, the stamp offered here was owned by Henry C. Gibson, who regarded it as unused. Subsequently, a debate arose as to whether or not it had been cancelled, due to the presence of a few tiny, very faint spots. The same sort of spotting is found on the original-gum multiple containing Scott 5. We believe it is quite possible that this stamp is unused, although a 1996 P.F. certificate stated "faintly cancelled with a small thin spot." (certificate was lost before 1999 auction) and 1999 P.F. certificate states "faint manuscript cancellation" in the "submitted as" portion of the certificate.
Census No. 5-CAN-004. Ex Gibson, Lawrence and Dr. Graves ("Argentum" Collection). With 1999 P.F. certificate