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Sale 1219 — The Edward Morton Collection of Outstanding Quality U.S. Stamps

Sale Date — Wednesday-Thursday, 8-9 April, 2020

Category — 24c-90c 1869 Pictorial Issue (Scott 120-122)

Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
317
 
Sale Number 1219, Lot Number 317, 24c-90c 1869 Pictorial Issue (Scott 120-122)90c Carmine & Black (122), 90c Carmine & Black (122)90c Carmine & Black (122). Deep rich colors and proof-like impressions on bright paper, unusually choice centering with Jumbo margins, lightly struck cork cancel

EXTREMELY FINE GEM. A SUPERB AND HUGE USED EXAMPLE OF THE 90-CENT 1869 PICTORIAL ISSUE, GRADED XF-SUPERB 95 JUMBO BY P.S.E. THIS IS THE HIGHEST GRADE AWARDED TO AN INDISPUTEDLY SOUND EXAMPLE.

The 90c 1869 Pictorial is widely admired for its beautiful engraving and dignified portrait of Abraham Lincoln. However, collectors have been frustrated in their efforts to acquire choice examples of this issue. Used 90c stamps are typically heavily cancelled, because the use on packages and the high denomination was cause for postal clerks to thoroughly obliterate any chance for re-use. Naturally, the significant monetary value of 90c in 1869 limited the number of unused stamps that would be saved for future collectors. Therefore, the collector ideals of "well-centered with original gum" and "lightly cancelled" are seldom obtainable in the available supply of 90c 1869s.

With 2010 P.S.E. certificate (XF-Superb 95 Jumbo; SMQ $13,500.00). Only one other stamp shares this high grade. There is one Scott 122 that P.S.E. has graded higher -- at 98J -- but that stamp has 1997 and 2019 P.F. certificates stating "faint corner crease". If that stamp is resubmitted to P.S.E. it will probably be downgraded.

1,800
10,000
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