VERY FINE AND CHOICE. ONE OF THE TWO FINEST ORIGINAL-GUM EXAMPLES OF THE RARE 1851 ONE-CENT IMPERFORATE TYPE III FROM POSITION 99R2. THIS POSITION IS THE BEST EXAMPLE OF THE TYPE III, WITH THE WIDEST BREAKS AT TOP AND BOTTOM.
Type III is defined by breaks in the outer lines at both top and bottom. Many Type III stamps have breaks that were created or enlarged by plate wear. Since the wear occurred over a period of time, a majority of stamps of this type (both unused and used) have small breaks in at least one line. The most notable exception is Position 99R2. According to the Neinken book, "The 99R2 stamp is a fresh entry, that was short transferred both at top and bottom, over an original entry that had been erased... The reason that 99R2 is the finest example of Type III is because of its very short transfer at top and at bottom, giving us the wide breaks in these lines." (p. 184).
There are two sound, original gum examples of 99R2 known to us: one was in the Alan B. Whitman collection and sold by our firm in Sale 968 (lot 12) for $52,500 hammer; the other is the stamp offered here. The few other unused 99R2 examples known to us do not have original gum or have faults.
With 2010 P.F. certificate