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Sale 978 — The Beverly Hills Collection of Outstanding United States Stamps

Sale Date — Friday, 4 December, 2009

Category — 1894-98 Bureau Issues

Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
1077
nh
Sale Number 978, Lot Number 1077, 1894-98 Bureau Issues2c Pink, Ty. I (248), 2c Pink, Ty. I (248)2c Pink, Ty. I (248). Mint N.H., vibrant color, perfect centering with wide and balanced margins, Extremely Fine Gem, a spectacular stamp in every respect, P.S.E. encapsulated (Superb 98; SMQ $2,800.00), this is the highest grade awarded to date and only two others share this grade

82
1,500
1078
nh
Sale Number 978, Lot Number 1078, 1894-98 Bureau Issues6c 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.

Ex Scarsdale. 1988 and 2000 P.F. certificates no longer accompany. P.S.E. encapsulated (Superb 98; SMQ $13,200.00). Only one other has achieved this exalted grade.

500
5,500
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1079
nh
Sale Number 978, Lot Number 1079, 1894-98 Bureau Issues50c Orange (260), 50c Orange (260)50c Orange (260). Mint N.H., perfectly framed with Jumbo margins, brilliant color and sharp impression

EXTREMELY FINE GEM. THIS STAMP, WHICH HAS BEEN GRADED SUPERB 98 JUMBO BY P.S.E., IS WITHOUT QUESTION THE FINEST EXAMPLE OF THE 50-CENT 1894 UNWATERMARKED BUREAU ISSUE IN EXISTENCE.

The unwatermarked 1894 Issue was the Bureau of Engraving and Printing's first effort producing postage stamps. As collectors know only too well, the stamps are typically poorly centered with irregular perforations. Issued quantities of the higher values on unwatermarked paper were small -- only 175,330 of the 50c, compared to 244,110 of the 30c 1869 -- and collectors have hinged most of the supply in philatelic hands. This 50c stamp has margins and centering rarely seen on any copy, used or unused, and its Mint Never-Hinged condition elevates it to the top of its class.

In his three-volume work on 19th Century United States stamps, Lester G. Brookman wrote the following about the 50c 1894 Issue: "There are few, if any, of the 19th century U.S. stamps that are so difficult to find in superb used condition as is this stamp. The price for commercial copies of this stamp can well be multiplied by 10 and the buyer of a superb copy of this stamp at such a price can rejoice in the fact he has a bargain!" Brookman's comments apply equally to 50c stamps with original gum and actually understate the value of a Mint Never-Hinged example.

Ex Hewitt, Zoellner and Fox. 1998 P.F. certificate no longer accompanies. P.S.E. encapsulated (Superb 98 Jumbo; unpriced in SMQ above the grade of 98, $31,700.00 as 98). This is the only stamp to have achieved this exalted grade in the P.S.E. Population Report. The next closest Mint N.H. examples are graded 95 (2). There are no other examples in any category graded above 95J.

1,600
16,500
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1080
nh
Sale Number 978, Lot Number 1080, 1894-98 Bureau Issues$1.00 Black (261), $1.00 Black (261)$1.00 Black (261). Mint N.H., intense shade and proof-like impression on bright paper, perfectly centered with Jumbo margins all around

EXTREMELY FINE GEM. A SPECTACULAR MINT NEVER-HINGED EXAMPLE OF THE 1894 $1.00 TYPE I UNWATERMARKED BUREAU ISSUE -- WHICH HAS BEEN GRADED SUPERB 98 JUMBO BY P.S.E.

As discussed in the previous lot, high-value unwatermarked 1894 Bureau Issues in Mint N.H. condition with exceptional centering are true rarities. This stamp is among the finest known.

P.S.E. encapsulated (Superb 98 Jumbo; unpriced in SMQ above the grade of 98, $39,300.00 as 98). Only one stamp has graded higher to date in the P.S.E. Population Report (Gem 100). The next highest grade in Mint N.H. condition after this stamp is 90J (from our Scarsdale and Hoffman sales).

3,250
18,500
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1081
nh
Sale Number 978, Lot Number 1081, 1894-98 Bureau Issues$1.00 Black, Ty. II (261A), $1.00 Black, Ty. II (261A)$1.00 Black, Ty. II (261A). Mint N.H., deep shade on crisp paper, choice centering with wide margins

EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED EXAMPLE OF THE $1.00 1894 UNWATERMARKED TYPE II BUREAU ISSUE. ONE OF THE FINEST COPIES IN EXISTENCE.

As discussed in the prior two lots, collectors of this issue know that it is extremely difficult to find the 1894 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.

P.S.E. encapsulated (XF-Superb 95; SMQ $34,700.00). Only one has graded higher to date (95J) in the P.S.E. Population Report and no other examples share this desirable grade.

6,750
18,000
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1082
nh
Sale Number 978, Lot Number 1082, 1894-98 Bureau Issues2c Carmine, Ty. II (266), 2c Carmine, Ty. II (266)2c Carmine, Ty. II (266). Mint N.H., vivid color and proof-like impression, perfect centering with wide margins

EXTREMELY FINE GEM. AN OUTSTANDING EXAMPLE OF THE 2-CENT 1895 TY. II WATERMARKED BUREAU ISSUE GRADED SUPERB 98 BY P.S.E. THIS IS THE ONLY EXAMPLE TO HAVE ACHIEVED THIS EXALTED GRADE TO DATE.

P.S.E. encapsulated (Superb 98; SMQ $3,600.00). This is the highest grade awarded to date in the P.S.E. Population Report and no others share this grade.

100
2,300
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1083
nh
Sale Number 978, Lot Number 1083, 1894-98 Bureau Issues6c Dull Brown (271), 6c Dull Brown (271)6c Dull Brown (271). Mint N.H., beautiful color and detailed impression, nearly perfect centering with unusually wide Jumbo margins all around

EXTREMELY FINE GEM. THIS MAGNIFICENT MINT NEVER-HINGED EXAMPLE OF THE 6-CENT 1895 WATERMARKED BUREAU ISSUE HAS BEEN AWARDED THE GRADE OF XF-SUPERB 95 JUMBO BY P.S.E. -- THIS IS THE HIGHEST GRADE AWARDED TO DATE.

1987 and 2000 P.F. certificates no longer accompany. P.S.E. encapsulated (XF-Superb 95 Jumbo; SMQ $2,900.00 as 95, $15,900.00 as 98). This is the only example thus far to achieve this grade.

360
3,750
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1084
nh
Sale Number 978, Lot Number 1084, 1894-98 Bureau Issues$2.00 Bright Blue (277), $2.00 Bright Blue (277)$2.00 Bright Blue (277). Mint N.H., deep rich color and detailed impression, beautifully centered with wide and balanced margins all around

EXTREMELY FINE GEM. A SUPERB MINT NEVER-HINGED EXAMPLE OF THE 1895 $2.00 WATERMARKED BUREAU ISSUE IN THE BRIGHT BLUE COLOR. AN EXCEEDINGLY RARE STAMP IN MINT NEVER-HINGED AND CENTERED CONDITION. THIS STAMP HAS BEEN AWARDED THE GRADE OF XF-SUPERB 95 BY P.S.E.

As an indication of rarity, we have offered only ten of this shade and three of the Dark Blue shade in Mint N.H. condition since keeping computerized records.

P.S.E. encapsulated (XF-Superb 95; SMQ $20,300.00). Only one other stamp shares this grade (from our Whitman sale; realized $23,000 hammer) and none graded higher in the P.S.E. Population Report

3,250
13,000
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1085
nh
Sale Number 978, Lot Number 1085, 1894-98 Bureau Issues5c Dark Blue (281), 5c Dark Blue (281)5c Dark Blue (281). Mint N.H., deep rich color on bright paper, perfectly centered with incredibly wide Jumbo margins

EXTREMELY FINE GEM. A MAGNIFICENT MINT NEVER-HINGED EXAMPLE OF THE 1894 5-CENT UNWATERMARKED BUREAU ISSUE, WHICH HAS BEEN GRADED SUPERB 98 JUMBO BY P.S.E. -- THE HIGHEST GRADE AWARDED TO DATE.

P.S.E. encapsulated (Superb 98 Jumbo; unpriced in SMQ above the grade of 98, SMQ $2,850.00 as 98). This is the only example to have achieved this grade to date. An example graded Superb 98 realized $3,250 hammer in our Sale 976.

100
4,000
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