Sale 953 — United States Stamps

Sale Date — Tuesday-Friday, 25-28 March, 2008

Category — 1913-15 Panama-Pacific Issue (Scott 397-404)

Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
1055
nh
Sale Number 953, Lot Number 1055, 1913-15 Panama-Pacific Issue (Scott 397-404)1c-10c Panama-Pacific (397-400A), 1c-10c Panama-Pacific (397-400A)1c-10c Panama-Pacific (397-400A). No. 400A slightly disturbed original gum, others Mint N.H., all well-centered and attractive, Extremely Fine lot, 5c with photocopy of 1997 P.F. certificate for block of four (bottom left stamp)

795
450
1056
 
Sale Number 953, Lot Number 1056, 1913-15 Panama-Pacific Issue (Scott 397-404)1c Panama-Pacific (397), 1c Panama-Pacific (397)1c Panama-Pacific (397). Perfect centering, wide even margins, rich color, San Francisco precancel, Extremely Fine Gem, with 2007 P.S.E. certificate (Superb 98; SMQ $420.00), only two have graded higher to date and only four others share this grade

2
0
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1057
ogbl
1c Panama-Pacific (397). Pane of 70 with plate no. 6132 at left and bottom and natural s.e. at top and right, stamps in right vertical row and three at top small h.r., both plate blocks and others Mint N.H., rich color, couple at center with outstanding centering, few usual light gum bends, Fine-Extremely Fine

3,185
950
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1058
nh
Sale Number 953, Lot Number 1058, 1913-15 Panama-Pacific Issue (Scott 397-404)2c Panama-Pacific (398), 2c Panama-Pacific (398)2c Panama-Pacific (398). Mint N.H., radiant color, wide balanced margins, trivial natural inclusion not mentioned on accompanying certificate, Extremely Fine Gem, with 2007 P.S.E. certificate (XF-Superb 95; SMQ $455.00)

45
325
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1059
nhbl
Sale Number 953, Lot Number 1059, 1913-15 Panama-Pacific Issue (Scott 397-404)2c Panama-Pacific (398), 2c Panama-Pacific (398)2c Panama-Pacific (398). Mint N.H. top plate no. 6310 block of six, well-centered, Very Fine and choice

625
950
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1060
nh
Sale Number 953, Lot Number 1060, 1913-15 Panama-Pacific Issue (Scott 397-404)5c Panama-Pacific (399), 5c Panama-Pacific (399)5c Panama-Pacific (399). Mint N.H., well-balanced margins, deep rich color, Very Fine and choice, with 2001 P.F. certificate

180
325
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1061
og
Sale Number 953, Lot Number 1061, 1913-15 Panama-Pacific Issue (Scott 397-404)1c-10c Panama-Pacific, Perf 12, 10 (399-400, 401-402), 1c-10c Panama-Pacific, Perf 12, 10 (399-400, 401-402)1c-10c Panama-Pacific, Perf 12, 10 (399-400, 401-402). 1c faintly hinged, others Mint N.H., choice margins and centering, Very Fine-Extremely Fine

697
550
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1062
nh
Sale Number 953, Lot Number 1062, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Orange Yellow, Panama-Pacific (400), 10c Orange Yellow, Panama-Pacific (400)10c Orange Yellow, Panama-Pacific (400). Mint N.H., deep rich color and proof-like impression, well-balanced margins

EXTREMELY FINE GEM. A BEAUTIFUL MINT NEVER-HINGED EXAMPLE OF THE 10-CENT ORANGE YELLOW PANAMA-PACIFIC.

With 2007 P.F. certificate (XF-Superb 95; SMQ $2,350.00)

300
2,100
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1063
nh
Sale Number 953, Lot Number 1063, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Orange Yellow, Panama-Pacific (400), 10c Orange Yellow, Panama-Pacific (400)10c Orange Yellow, Panama-Pacific (400). Mint N.H., vibrant color as fresh as the day it was printed, post-office fresh paper, wide and balanced margins

EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED EXAMPLE OF THE 10-CENT ORANGE YELLOW PANAMA-PACIFIC.

With 2008 P.S.E. certificate (XF-Superb 95; SMQ $2,350.00)

300
1,900
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1064
nh
Sale Number 953, Lot Number 1064, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Orange Yellow, Panama-Pacific (400), 10c Orange Yellow, Panama-Pacific (400)10c Orange Yellow, Panama-Pacific (400). Mint N.H., intense shade, selvage at bottom, wide margins, Extremely Fine, with 2006 P.S.E. certificate (XF 90; SMQ $780.00)

300
550
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1065
nh
Sale Number 953, Lot Number 1065, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Orange Yellow, Panama-Pacific (400), 10c Orange Yellow, Panama-Pacific (400)10c Orange Yellow, Panama-Pacific (400). Mint N.H. with bottom plate no. 6135 selvage, choice wide margins, beautiful glowing color, Very Fine, with 1995 P.F. certificate for vertical pair (bottom stamp)

300
250
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1066
 
Sale Number 953, Lot Number 1066, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Orange Yellow, Panama-Pacific (400), 10c Orange Yellow, Panama-Pacific (400)10c Orange Yellow, Panama-Pacific (400). Vivid color, perfect centering with wide margins, neat San Francisco precancel, Extremely Fine Gem, a beautiful stamp, with 2007 P.S.E. certificate (XF-Superb 95; SMQ $270.00), only one has graded higher to date and only three others share this grade

22
150
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1067
nhbl
Sale Number 953, Lot Number 1067, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Orange Yellow, Panama-Pacific (400), 10c Orange Yellow, Panama-Pacific (400)10c Orange Yellow, Panama-Pacific (400). Mint N.H. block of four, vivid color, Fine

1,200
275
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1068
og
Sale Number 953, Lot Number 1068, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Orange, Panama-Pacific (400A), 10c Orange, Panama-Pacific (400A)10c Orange, Panama-Pacific (400A). Single small hinge mark, vibrant color on bright paper, wide and balanced margins, Extremely Fine Gem, with 2007 P.S.E. certificate (XF-Superb 95; SMQ $590.00)

225
375
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1069
og
Sale Number 953, Lot Number 1069, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Orange, Panama-Pacific (400A), 10c Orange, Panama-Pacific (400A)10c Orange, Panama-Pacific (400A). Lightly hinged, wide and well-balanced Jumbo margins, magnificent color, Extremely Fine, with 2007 P.S.E. certificate (XF 90 Jumbo; SMQ $330.00 for 90, $590.00 for 95)

225
325
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1070
og
Sale Number 953, Lot Number 1070, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Orange, Panama-Pacific (400A), 10c Orange, Panama-Pacific (400A)10c Orange, Panama-Pacific (400A). Lightly hinged, deep rich color and detailed impression, Very Fine and choice, a pretty stamp, with 2006 P.S.E. certificate (VF-XF 85; SMQ $255.00)

225
225
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1071
 
Sale Number 953, Lot Number 1071, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Orange, Panama-Pacific (400A), 10c Orange, Panama-Pacific (400A)10c Orange, Panama-Pacific (400A). Almost perfectly centered with wide even margins, vivid color on bright white paper, well-struck "San Francisco Cal." oval registry cancel, Extremely Fine Gem, a superb stamp in every respect, with 2002 P.F. and 2008 P.S.E. certificates (Superb 98 Jumbo; unpriced in SMQ above the grade of 98, SMQ $680.00 as 98), only one has graded higher to date and this is the only example to achieve this grade

19
1,100
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1072
nh
Sale Number 953, Lot Number 1072, 1913-15 Panama-Pacific Issue (Scott 397-404)1c Panama-Pacific, Perf 10 (401), 1c Panama-Pacific, Perf 10 (401)1c Panama-Pacific, Perf 10 (401). Mint N.H., magnificent margins and centering, wonderful color, Extremely Fine Gem

45
300
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1073
nh
Sale Number 953, Lot Number 1073, 1913-15 Panama-Pacific Issue (Scott 397-404)1c Panama-Pacific, Perf 10 (401), 1c Panama-Pacific, Perf 10 (401)1c Panama-Pacific, Perf 10 (401). Mint N.H., intense shade and impression on bright paper, choice centering, fresh and Extremely Fine, with 2007 P.S.E. certificate (XF 90; SMQ $170.00)

70
140
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1074
nh
Sale Number 953, Lot Number 1074, 1913-15 Panama-Pacific Issue (Scott 397-404)2c Panama-Pacific, Perf 10 (402), 2c Panama-Pacific, Perf 10 (402)2c Panama-Pacific, Perf 10 (402). Mint N.H., lovely bright pastel color, Very Fine and choice, with 2005 P.S.E. certificate for block

190
250
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1075
nhbl
Sale Number 953, Lot Number 1075, 1913-15 Panama-Pacific Issue (Scott 397-404)5c Panama-Pacific, Perf 10 (403), 5c Panama-Pacific, Perf 10 (403)5c Panama-Pacific, Perf 10 (403). Mint N.H. block of four, wide margins, beautifully centered, deep rich color, Extremely Fine, a rare multiple in this superb condition, with 2008 P.S.E. certificate

1,700
1,200
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1076
nh
Sale Number 953, Lot Number 1076, 1913-15 Panama-Pacific Issue (Scott 397-404)5c Panama-Pacific, Perf 10 (403), 5c Panama-Pacific, Perf 10 (403)5c Panama-Pacific, Perf 10 (403). Mint N.H., deep color, Very Fine and choice, with 1994 P.F. and 2005 P.S.E. certificates (VF-XF 85; SMQ $680.00)

425
475
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1077
og
Sale Number 953, Lot Number 1077, 1913-15 Panama-Pacific Issue (Scott 397-404)5c Panama-Pacific, Perf 10 (403), 5c Panama-Pacific, Perf 10 (403)5c Panama-Pacific, Perf 10 (403). Lightly hinged, deep rich color and proof-like impression on bright paper, unusually wide margins, Extremely Fine Gem, with 2007 P.F. certificate (XF-Superb 95; SMQ $510.00)

175
425
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1078
nh
Sale Number 953, Lot Number 1078, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Panama-Pacific, Perf 10 (404), 10c Panama-Pacific, Perf 10 (404)10c Panama-Pacific, Perf 10 (404). Mint N.H., mathematically perfect centering with equally wide margins all around, vibrant color and proof-like impression, post-office fresh paper and gum

EXTREMELY FINE GEM. THIS IS THE FINEST GRADED EXAMPLE OF THE 10-CENT PANAMA-PACIFIC PERF 10, HAVING ACHIEVED A GEM 100 GRADE FROM P.S.E.--NO OTHER SCOTT 404 HAS REACHED THE PERFECT 100-POINT GRADE.

The Panama-Pacific Exposition commemorative set was originally released in late 1912 and officially placed on sale on January 1, 1913, two years in advance of the actual exposition (the stamps are inscribed "San Francisco 1915"). The stamps were first issued with 12-gauge perforations. When the Bureau of Engraving and Printing changed to 10-gauge perforations in late 1914, sheets of Panama-Pacific stamps were issued in Perf 10 form. This modification was not officially announced or widely recognized by stamp collectors; therefore, the Perf 10 stamps are much scarcer than their Perf 12 counterparts.

The 10c design depicts the "Discovery of San Francisco Bay," based on a painting by Charles F. Mathews (Johl, Vol. 1, pp.69-70). It depicts the Spanish explorer Gaspar de Portola and his crew with the Muwekma Ohlone natives. In 1769 Portola led the first expedition and observed San Francisco harbor. In 1775 Juan Manuel de Ayala, captain of the Spanish ship San Carlos, was the first to enter the harbor, which led to the establishment of the earliest European settlements.

The 10c was first issued in the standard Yellow used for the regular-issue 10c stamp, but the design was difficult to see in this shade (Scott 400). The stamp color was changed to a darker Orange and issued with 12-gauge perforations (Scott 400A). When the 10-gauge perforations were introduced, a much smaller supply was issued as Orange Perf 10 (Scott 404).

The 10c Panama-Pacific Perf 10, Scott 404, typically comes poorly centered. It is also plagued by short perfs--for a reason. The wide-spaced 10-gauge perfs were introduced by postal officials to strengthen the sheets during handling. Postmasters complained that the Perf 12 sheets broke apart too easily, but the move to Perf 10 went too far, and postmasters then started complaining that they were tearing apart stamps while trying to separate them (Perf 11 ended up being just right). Scott 404 is also much scarcer than its Perf 12 counterparts, Scott 400 and 400A. Only two panes of 70 are reported to survive, and singles bought by collectors were almost invariably hinged in albums. A few statistics from the PSE Population Report (2/25/2008) show the relative scarcity of Scott 400, 400A and 404 in high grades (Mint NH). Looking at 98+ grades, Scott 404 represents less than 20% of the total number of 10¢ Panama- Pacific stamps (6 out of 31). In Gem 100, there is only one Scott 404 (and one 400A in 100J).

With 2007 P.S.E. certificate (Gem 100; unpriced in SMQ in any grade higher than Superb 98).

2,100
105,000
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1079
nh
Sale Number 953, Lot Number 1079, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Panama-Pacific, Perf 10 (404), 10c Panama-Pacific, Perf 10 (404)10c Panama-Pacific, Perf 10 (404). Mint N.H., magnificent color and centering, reperfed at right, Extremely Fine appearance, with 2007 P.F. certificate

2,100
500
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1080
nh
Sale Number 953, Lot Number 1080, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Panama-Pacific, Perf 10 (404), 10c Panama-Pacific, Perf 10 (404)10c Panama-Pacific, Perf 10 (404). Mint N.H., strong color choice centering, reperfed at bottom, Extremely Fine appearance, with 2007 P.S.E. certificate

2,100
550
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1081
og
Sale Number 953, Lot Number 1081, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Panama-Pacific, Perf 10 (404), 10c Panama-Pacific, Perf 10 (404)10c Panama-Pacific, Perf 10 (404). Lightly hinged, gorgeous color on post-office fresh paper, Jumbo margins

EXTREMELY FINE GEM. A SUPERB ORIGINAL-GUM EXAMPLE OF THE 10-CENT PERF 10 PANAMA-PACIFIC.

With 2007 P.S.E. certificate (XF-Superb 95 Jumbo; SMQ $1,900.00 as 95, $3,550.00 as 98)

900
5,000
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1082
og
Sale Number 953, Lot Number 1082, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Panama-Pacific, Perf 10 (404), 10c Panama-Pacific, Perf 10 (404)10c Panama-Pacific, Perf 10 (404). Lightly hinged, nicely balanced margins of near Jumbo proportions, magnificent glowing color, Extremely Fine, with 1992 P.F. certificate

900
1,300
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1083
og
Sale Number 953, Lot Number 1083, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Panama-Pacific, Perf 10 (404), 10c Panama-Pacific, Perf 10 (404)10c Panama-Pacific, Perf 10 (404). Choice margins and strong rich color, Fine and quite attractive, with 2007 P.F. certificate

900
500
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1084
og
Sale Number 953, Lot Number 1084, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Panama-Pacific, Perf 10 (404), 10c Panama-Pacific, Perf 10 (404)10c Panama-Pacific, Perf 10 (404). Lightly hinged, deep rich color, small natural gum crease, otherwise Fine

900
275
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1085
ogbl
Sale Number 953, Lot Number 1085, 1913-15 Panama-Pacific Issue (Scott 397-404)10c Panama-Pacific, Perf 10 (404), 10c Panama-Pacific, Perf 10 (404)10c Panama-Pacific, Perf 10 (404). Block of four, top pair small h.r., pencil numbers on back of bottom right stamp, Fine

3,800
1,100
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