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Sale 924 — The Scarsdale Collection, Part 3: Bank Note and Bureau Issues and Postage Dues

Sale Date — Tuesday, 14 November, 2006

Category — 1894 Unwatermarked Bureau Issue

Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
71
nh
Sale Number 924, Lot Number 71, 1894 Unwatermarked Bureau Issue1c Ultramarine (246), 1c Ultramarine (246)1c Ultramarine (246). Mint N.H. with plate no. 2 at left, intense color which is probably the Dark Ultramarine sub-shade (but not noted as such on accompanying certificates), perfectly centered with enormous margins all around

EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED EXAMPLE OF THE 1894 ONE-CENT UNWATERMARKED BUREAU ISSUE, WHICH HAS BEEN AWARDED THE GRADE OF 95 JUMBO BY P.S.E.

With 2000 P.F. and 2004 P.S.E. certificates (XF-Superb 95 Jumbo; SMQ $1,050.00 as 95, $2,700.00 as 98). Only one stamp has graded higher to date.

95
2,700
72
nh
Sale Number 924, Lot Number 72, 1894 Unwatermarked Bureau Issue1c Ultramarine (246), 1c Ultramarine (246)1c Ultramarine (246). Mint N.H., brilliant color which contrasts the shades this issue can be found in nicely with the previous lot, huge margins all around, Extremely Fine Gem, a beautiful stamp in every respect, with 2000 P.F. and 1998 P.S.E. certificates

95
1,000
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73
nh
Sale Number 924, Lot Number 73, 1894 Unwatermarked Bureau Issue1c Blue (247), 1c Blue (247)1c Blue (247). Mint N.H. with plate no. 102 at top, deep rich color and sharp proof-like impression, almost perfectly centered with huge margins all around

EXTREMELY FINE GEM. A MAGNIFICENT MINT NEVER-HINGED EXAMPLE OF THE 1894 ONE-CENT UNWATERMARKED BUREAU ISSUE IN THE BLUE COLOR. ESPECIALLY DESIRABLE WITH THE PLATE NUMBER, THIS STAMP HAS BEEN AWARDED THE EXALTED GRADE OF 95 JUMBO BY P.S.E. -- THIS IS THE HIGHEST GRADE AWARDED TO DATE.

According to Brookman, the Ultramarine color of the one-cent stamps was unsatisfactory, and so they changed the color to the more distinctive Blue of this issue.

With 1987 and 2000 P.F. certificates. With 2004 P.S.E. certificate (XF-Superb 95 Jumbo; SMQ $2,150.00 as 95, $5,850.00 as 98). Only one other stamp shares this grade to date.

225
4,500
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74
nh
Sale Number 924, Lot Number 74, 1894 Unwatermarked Bureau Issue2c Pink, Ty. I (248), 2c Pink, Ty. I (248)2c Pink, Ty. I (248). Mint N.H., radiant color on post-office fresh paper, beautiful centering, fresh and Extremely Fine, according to Brookman the color of this issue (like the 1c, Scott 246) proved unsatisfactory and so it was only in production for a few months before the color was changed, with 1998 P.F. certificate, with 2004 P.S.E. certificate (XF 90; SMQ $385.00)

87
425
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75
nh
Sale Number 924, Lot Number 75, 1894 Unwatermarked Bureau Issue2c Carmine Lake, Ty. I (249), 2c Carmine Lake, Ty. I (249)2c Carmine Lake, Ty. I (249). Mint N.H. with plate no. 32 at top, deep rich color described on accompanying P.F. certificates as the Dark Carmine Lake shade and on accompanying P.S.E. certificate as Carmine Lake, detailed impression, choice centering with unusually wide margins

EXTREMELY FINE GEM. A GORGEOUS MINT NEVER-HINGED EXAMPLE OF THE 1894 2-CENT TYPE I UNWATERMARKED BUREAU ISSUE, SCOTT 249.

With copy of 1983 P.F. certificate and with 1999 P.F. certificate. With 2004 P.S.E. certificate (XF 90; SMQ $1,700.00). We feel that the margins on this stamp qualify it for Jumbo status and should be graded 90 Jumbo.

525
1,600
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76
nh
Sale Number 924, Lot Number 76, 1894 Unwatermarked Bureau Issue2c Carmine, Ty. I (250), 2c Carmine, Ty. I (250)2c Carmine, Ty. I (250). Mint N.H. with part imprint at left, brilliant color on crisp paper, long and full perforations which are difficult to find on this issue, perfectly centered, Extremely Fine Gem, a superb stamp in every respect, with 2000 P.F. certificate, with 1998 and 2004 P.S.E. certificates (XF-Superb 95; SMQ $1,000.00), only one stamp has graded higher to date

85
1,400
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77
nh
Sale Number 924, Lot Number 77, 1894 Unwatermarked Bureau Issue2c Carmine, Ty. II (251), 2c Carmine, Ty. II (251)2c Carmine, Ty. II (251). Mint N.H. with plate no. 131 and wide selvage at left, radiant color and detailed impression, Very Fine and choice, with 1998 P.F. certificate, with 2004 P.S.E. certificate (VF 80; SMQ $1,050.00), this is the most difficult type and shade to obtain in choice condition, the highest grade awarded to date in any condition is 90

1,000
1,300
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78
nh
Sale Number 924, Lot Number 78, 1894 Unwatermarked Bureau Issue2c Carmine, Ty. III (252), 2c Carmine, Ty. III (252)2c Carmine, Ty. III (252). Mint N.H. with plate no. 142 and wide selvage at left, radiant color, crisp impression, perfectly centered with wide margins

EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED EXAMPLE OF THE 1894 2-CENT TYPE III UNWATERMARKED BUREAU ISSUE IN THE CARMINE COLOR. THIS STAMP HAS BEEN GIVEN THE GRADE OF 95 BY P.S.E., WHICH IS THE HIGHEST GRADE AWARDED TO DATE.

With 1988 and 2000 P.F. certificates. With 2004 P.S.E. certificate (XF-Superb 95; SMQ $3,700.00). Only two other stamps share this grade

400
3,750
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79
nh
Sale Number 924, Lot Number 79, 1894 Unwatermarked Bureau Issue3c Purple (253), 3c Purple (253)3c Purple (253). Mint N.H., brilliant color and detailed impression showing every detail of the engraving, bright paper as fresh as the day it was made, long and full perforations all around, perfectly centered with wide margins

EXTREMELY FINE GEM. THIS IS WITHOUT QUESTION THE FINEST EXAMPLE OF THIS ISSUE WE HAVE EVER HANDLED. A SPECTACULAR STAMP IN EVERY RESPECT -- ITS PRISTINE GUM, WIDE MARGINS, FULL PERFORATIONS, BRIGHT COLOR AND GORGEOUS CENTERING MAKE THIS ONE OF OUR FAVORITE STAMPS IN THE SALE. THIS IS THE ONLY EXAMPLE TO ACHIEVE THE EXALTED P.S.E. GRADE OF SUPERB 98.

With 1997 P.F. and 2006 P.S.E. certificates (Superb 98; SMQ $9,550.00)

375
15,000
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80
nh
Sale Number 924, Lot Number 80, 1894 Unwatermarked Bureau Issue4c Dark Brown (254), 4c Dark Brown (254)4c Dark Brown (254). Mint N.H., deep rich color on bright paper, proof-like impression, absolutely enormous margins all around

EXTREMELY FINE GEM. A HUGE MINT NEVER-HINGED EXAMPLE OF THE 1894 4-CENT UNWATERMARKED BUREAU ISSUE. A STUNNING STAMP, NOTEWORTHY FOR THE IMPOSING SIZE OF ITS MARGINS, PRISTINE GUM, LONG PERFORATIONS AND INTENSE COLOR.

With 1984 and 1999 P.F. certificates. With 2004 P.S.E. certificate (XF-Superb 95 Jumbo; SMQ $4,400.00 as 95, $12,200.00 as 98). This is the only example to be graded 95 Jumbo by P.S.E. to date. Curiously, one has been graded 98 Jumbo. We would be interested in comparing the two side by side.

525
6,750
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81
nh
Sale Number 924, Lot Number 81, 1894 Unwatermarked Bureau Issue5c Chocolate (255), 5c Chocolate (255)5c Chocolate (255). Mint N.H. with plate no. 163 at bottom, deep rich color, crisp impression showing every detail of the engraving, perfectly centered with wide and balanced margins, long and full perforations all around

EXTREMELY FINE GEM. THIS MINT NEVER-HINGED EXAMPLE OF THE 1894 5-CENT UNWATERMARKED BUREAU ISSUE IS THE ESSENCE OF PERFECTION. IT HAS BEEN GRADED SUPERB 98 BY P.S.E., WHICH IS THE HIGHEST GRADED AWARDED TO DATE. IT IS THE ONLY STAMP TO ACHIEVE THIS EXALTED GRADE.

According to Brookman, the nature of the ink used for printing the 5c stamp caused rapid plate wear. The stamp offered here, with such remarkably detailed impression, in such pristine condition and with such beautiful centering, is truly the finest we have ever seen.

With 2001 P.F. certificate. With 2004 P.S.E. certificate (Superb 98; SMQ $9,250.00)

375
17,500
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82
nh
Sale Number 924, Lot Number 82, 1894 Unwatermarked Bureau Issue6c Dull Brown (256), 6c Dull Brown (256)6c Dull Brown (256). Mint N.H., rich color and proof-like impression nicely complemented by bright paper, perfectly centered

EXTREMELY FINE GEM. A MAGNIFICENT MINT NEVER-HINGED EXAMPLE OF THE 1894 6-CENT UNWATERMARKED BUREAU ISSUE IN THE FINEST CONDITION ATTAINABLE. THIS REMARKABLE STAMP, WITH ITS PRISTINE GUM, BEAUTIFUL COLOR, POST-OFFICE FRESH PAPER AND PERFECT CENTERING, HAS BEEN AWARDED THE GRADE OF SUPERB 98 BY P.S.E.

With 1988 and 2000 P.F. certificates. With 2004 P.S.E. certificate (Superb 98; SMQ $12,800.00). Only one other has achieved this exalted grade.

500
16,000
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83
nh
Sale Number 924, Lot Number 83, 1894 Unwatermarked Bureau Issue8c Violet Brown (257), 8c Violet Brown (257)8c Violet Brown (257). Mint N.H., stunning shade and impression on bright paper, perfectly centered with well-balanced margins

EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED EXAMPLE OF THE 1894 8-CENT UNWATERMARKED BUREAU ISSUE. SCARCE IN SUCH MAGNIFICENT CONDITION.

With 1994 P.F. certificate.

500
1,900
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84
nh
Sale Number 924, Lot Number 84, 1894 Unwatermarked Bureau Issue10c Dark Green (258), 10c Dark Green (258)10c Dark Green (258). Mint N.H., pretty color and detailed impression on bright paper, beautiful centering with wide margins all around

EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED EXAMPLE OF THE 1894 10-CENT UNWATERMARKED BUREAU ISSUE. THE 10-CENT IS ONE OF THE MOST DIFFICULT DENOMINATIONS OF THE SET TO OBTAIN IN SUCH SUPERB CONDITION. THIS STAMP HAS BEEN AWARDED THE GRADE OF 95 BY P.S.E., WHICH IS THE HIGHEST GRADE AWARDED TO DATE IN ANY CONDITION. IT IS THE ONLY EXAMPLE TO RECEIVE THIS GRADE.

A review of our past computerized records confirms that this is the finest example we have offered.

With 1989 and 2000 P.F. certificates. With 2004 P.S.E. certificate (XF-Superb 95; SMQ $8,200.00)

975
8,500
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85
nh
Sale Number 924, Lot Number 85, 1894 Unwatermarked Bureau Issue15c Dark Blue (259), 15c Dark Blue (259)15c Dark Blue (259). Mint N.H. with selvage at bottom, deep rich color which is nicely complemented by bright paper, wide and balanced margins, long and full perforations all around

EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED EXAMPLE OF THE 1894 15-CENT UNWATERMARKED BUREAU ISSUE. SCARCE IN SUCH PRISTINE CONDITION.

With 1989 and 2000 P.F. certificates.

975
2,500
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86
nh
Sale Number 924, Lot Number 86, 1894 Unwatermarked Bureau Issue50c Orange (260), 50c Orange (260)50c Orange (260). Mint N.H., deep rich color and detailed impression, choice centering for this most difficult issue

EXTREMELY FINE. A SCARCE SOUND AND CENTERED MINT NEVER-HINGED EXAMPLE OF THE 1894 50-CENT UNWATERMARKED BUREAU ISSUE.

With 1995 P.F. certificate. With 2004 P.S.E. certificate (VF-XF 85; SMQ $3,200.00)

1,800
2,600
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87
nh
Sale Number 924, Lot Number 87, 1894 Unwatermarked Bureau Issue$1.00 Black (261), $1.00 Black (261)$1.00 Black (261). Mint N.H., intense shade and proof-like impression on bright paper, well-balanced and enormous margins all around

EXTREMELY FINE GEM. A HUGE MINT NEVER-HINGED EXAMPLE OF THE 1894 $1.00 TYPE I UNWATERMARKED BUREAU ISSUE. A STAMP OF TRULY MASSIVE DIMENSIONS.

With 1999 P.F. and 2004 P.S.E. certificates (XF 90 Jumbo; SMQ $8,700.00 as 90, $20,800.00 as 95). Only one stamp has graded higher in the P.S.E. Population Report.

3,250
35,000
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88
nh
Sale Number 924, Lot Number 88, 1894 Unwatermarked Bureau Issue$1.00 Black, Ty. II (261A), $1.00 Black, Ty. II (261A)$1.00 Black, Ty. II (261A). Mint N.H., intense shade and impression on bright paper, choice centering with balanced margins

EXTREMELY FINE. A SUPERB MINT NEVER-HINGED EXAMPLE OF THE $1.00 1894 UNWATERMARKED TYPE II BUREAU ISSUE.

Collectors of this issue know that it is extremely difficult to find the first Bureau issue in centered, Mint Never-Hinged condition, particularly the higher denominations. This is mostly due to production problems as the Bureau of Engraving and Printing assumed responsibility for stamp production after the American Bank Note contract expired.

With 1988 P.F. certificate as block of four and 2003 P.F. certificate as single. With 2004 P.S.E. certificate (VF-XF 85; SMQ $11,500.00). In our opinion this meets every criteria for XF 90 (see lot 104 for corresponding Scott 276A with XF 90 grade).

6,750
7,000
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89
nh
Sale Number 924, Lot Number 89, 1894 Unwatermarked Bureau Issue$2.00 Bright Blue (262), $2.00 Bright Blue (262)$2.00 Bright Blue (262). Mint N.H., beautiful color and detailed impression, choice centering with well-balanced margins

EXTREMELY FINE. A RARE MINT NEVER-HINGED EXAMPLE OF THE 1894 $2.00 UNWATERMARKED BUREAU ISSUE.

The higher-value 1894 Unwatermarked Bureau Issue can be difficult to find in well-centered and sound condition, due to production problems. Mint Never-Hinged examples in superior grades, such as the stamp offered here, should be considered great condition rarities. This is one of four $2.00 1894 stamps we have offered in Mint Never-Hinged condition in the last 13 years, the other three having much inferior centering.

With 1984 and 1999 P.F. certificates. With 2004 P.S.E. certificate (XF 90; SMQ $25,100.00). This is the highest grade awarded to date (one other shares this grade), and is the highest grade with a priced catalogue value in SMQ.

9,750
25,000
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90
og
Sale Number 924, Lot Number 90, 1894 Unwatermarked Bureau Issue$5.00 Dark Green (263), $5.00 Dark Green (263)$5.00 Dark Green (263). Original gum, lightly hinged, deep rich color, detailed impression, remarkably choice centering with wide and balanced margins

EXTREMELY FINE GEM. AN OUTSTANDING EXAMPLE OF THE 1894 $5.00 UNWATERMARKED BUREAU ISSUE. A BEAUTIFUL STAMP, OF WHICH A MERE 25,000 WERE ISSUED.

As noted for the $2.00, the 1894 Unwatermarked issue was the first U.S. postage issue to be printed by the Bureau of Engraving & Printing, after the contract with American Bank Note Co. expired. The first stamps printed by the Bureau are notoriously difficult to find well-centered, as production was marred by initial problems as they geared up to meet the needs of the public for stamps. The designs were kept the same from the 1890 ABN Co. issue, with the addition of corner triangles to distinguish the printings. The use of the same designs is another indication of the time pressure that may have caused some of the initial production problems. Perhaps the two most difficult denominations to find in superb condition are the $1.00 Type II (Scott 261A), and the $5.00.

Ex Saadi and Zoellner. With 1988 and 1989 P.F. certificates. With 2004 P.S.E. certificate (XF 90; SMQ $11,200.00)

5,000
12,000
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