Sale 1027 — The Natalee Grace Collection of Used U.S. Stamps, Part Two: 1869 to Pan-American Issues

Sale Date — Wednesday, 19 September, 2012

Category — 1873 Continental Bank Note Co. Issue (Scott 156-166)

Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
65
 
Sale 1027, Lot 65, 1873 Continental Bank Note Co. Issue (Scott 156-166)1c Ultramarine (156). Jumbo margins all around, radiant color beautifully complemented by blue crossroads cancel struck at upper right which leaves portrait and denomination clearly visible, Extremely Fine Gem, with 2007 P.S.E. certificate (XF 90 Jumbo; SMQ $42.00 as 90, $185.00 as 95), it appears that P.S.E. did not add points for eye appeal as specified in their grading guide

6
700
66
 
Sale 1027, Lot 66, 1873 Continental Bank Note Co. Issue (Scott 156-166)2c Brown (157). Perfectly centered with Jumbo margins all around, deep rich color and proof-like impression, part of circular datestamp at upper left and part of oval registry cancel at upper right still leaves design clearly visible, Extremely Fine Gem, a phenomenal stamp in every respect, ex Hinrichs, with 1999 P.F. and 2009 P.S.E. certificates (Superb 98 Jumbo; unpriced in SMQ above the grade of 98, SMQ $750.00 as 98), this is the highest grade awarded to date and it is the only example to achieve this grade

25
1,500
Back to Top
67
 
Sale 1027, Lot 67, 1873 Continental Bank Note Co. Issue (Scott 156-166)2c Brown, Double Impression (157d). Dramatic and strong double impression of the entire design, rich color, light face-free strike of red circular datestamp, tiny perf thin and corner perf crease at bottom left not mentioned on accompanying certificate

VERY FINE AND CHOICE. THIS IS THE ONLY RECORDED DOUBLE IMPRESSION OF THE 1873 2-CENT CONTINENTAL BANK NOTE ISSUE. THE IMPRESSIONS ARE DRAMATIC AND BOTH ARE CLEARLY DISTINGUISHABLE, AND ITS APPEARANCE IS ENHANCED BY THE UNOBTRUSIVE BUT CLEARLY VISIBLE RED COLORED CANCELLATION. THIS IS ONE OF THE MOST STRIKING DOUBLE IMPRESSIONS OF ANY ISSUE WE HAVE EVER ENCOUNTERED.

Our list of double impressions is included as an appendix to this catalogue. Most double impressions occur when the first impression is made and found to be inadequate. The paper is then put in the press a second time, when it receives the heavier impression. It is a common misconception that the weaker impression is the second one.

For most double impressions the alignment between the two impressions is only slightly off, which can cause a blurring effect. In the case of the unique example offered here, there is a clear separation between both impressions. It is not only unique, but it is also one of the finest examples of a double impression.

Ex Stephen Brown and Drucker. Noted in Brookman on p. 246, where he calls it "a striking double impression, cancelled in red". With 1984 P.F. certificate. Scott Catalogue value is outdated.

5,000
14,500
Back to Top
68
 
Sale 1027, Lot 68, 1873 Continental Bank Note Co. Issue (Scott 156-166)3c Green (158). Enormous margins all around, deep rich color and detailed impression on crisp paper, neat strike of segmented cork cancel, Extremely Fine Gem, a superb stamp in every respect, ex Twigg-Smith

1
650
Back to Top
69
 
Sale 1027, Lot 69, 1873 Continental Bank Note Co. Issue (Scott 156-166)3c Green, Double Impression (158j). Clear and dramatic doubling throughout the entire design, wide margins on three sides, quartered cork cancel struck at center still leaves entire design clearly visible

VERY FINE AND CHOICE. THIS IS EASILY THE FINEST EXAMPLE OF THE 1873 3-CENT CONTINENTAL BANK NOTE ISSUE WITH A DOUBLE IMPRESSION. OUR CENSUS CONTAINS ONLY SEVEN EXAMPLES OF THIS GREAT RARITY, AND THIS IS THE ONLY EXAMPLE IN SOUND CONDITION WITH ACCEPTABLE MARGINS.

Our list of double impressions is included as an appendix to this catalogue. Most double impressions occur when the first impression is made and found to be inadequate. The paper is then put in the press a second time, when it receives the heavier impression. It is a common misconception that the weaker impression is the second one.

In many double impressions the alignment between the two impressions is only slightly off, which can cause a blurring effect. In the example offered here there is a clear separation between both impressions.

Our census of Scott 158j, illustrated below, records only seven examples of this rarity. Of the seven, one has a previous certificate as genuine and another as a kiss print (both as sound), but we consider it to be genuine since the P.F. has clarified their standards since that most recent certificate was issued.

Ex Floyd. With 1978 and 2001 P.F. certificates.

10,000
6,500
Back to Top
70
 
Sale 1027, Lot 70, 1873 Continental Bank Note Co. Issue (Scott 156-166)3c Green, Printed on Both Sides (158k). Impression on back inverted in relation to the one on the front and almost perfectly aligned, front of stamp with bright color nicely contrasted by purple target cancel, light diagonal crease

VERY FINE APPEARANCE. A RARE EXAMPLE OF THE 1873 3-CENT CONTINENTAL BANK NOTE COMPANY ISSUE. ONLY TWO OR THREE ARE KNOWN. THIS IS ONE OF THE GREAT RARITIES OF PRINTED-ON-BOTH-SIDES VARIETIES.

Engraved stamps printed on both sides usually have a poor impression on one side and a second, complete impression on the other. They probably occurred when a sheet was printed without proper moistening, which prevented the paper from picking up the ink in the recessed lines of the engraved plate. If the sheet was turned 180 degrees before being put on the press a second time, the two impressions will be inverted in relation to each other.

Our list of printed-on-both-sides stamps is included as an appendix to this catalogue. All examples of this variety are reported to have weak impressions on back -- this is reported to be the finest. A pair was offered in our 1967 Rarities sale, but was not photographed. A single was subsequently offered in the 1978 Kaufmann Gems sale, which might have been part of the pair (as might the example offered here). We are therefore unable to determine whether two or three copies exist.

Aside from a single known example of the 2c 1887 Issue (Scott 213), the 3c is the only Bank Note denomination known with a printed on both sides variety. It is only found on the 1870 National Bank Note issue (Scott 147) and the 1873 Continental Bank Note issue (Scott 158, with secret mark). The 3c Grilled Bank Note issue is listed in Scott Catalogue as printed on both sides, but none has ever been seen, and Scott Catalogue does not have information on its listing in their reference files, so it should probably be delisted (Brookman references it).

With 2005 P.F. certificate. Undercatalogued in Scott -- the 3c 1869 Pictorial printed on both sides catalogues $55,000.00 and earlier Scott numbers of this variety also have high Scott Catalogue value.

15,000
16,500
Back to Top
71
 
Sale 1027, Lot 71, 1873 Continental Bank Note Co. Issue (Scott 156-166)6c Dull Pink (159). Radiant color on bright paper, unusually choice centering with wide and balanced margins, perfect strike of New York Foreign Mail 8-point star cancel (Weiss Type ST-8P11), Extremely Fine Gem, a superb stamp with a gorgeous cancel, with 1995 P.S.E. and 2003 P.F. certificates

22
850
Back to Top
72
 
Sale 1027, Lot 72, 1873 Continental Bank Note Co. Issue (Scott 156-166)7c Orange Vermilion (160). Brilliant color, long and full perforations all around, well-struck New York Foreign Mail 8-point star cancel (Weiss Type ST-8P3), the cancel beautifully frames Stanton's face, wide and balanced margins, Extremely Fine Gem, a gorgeous stamp

90
325
Back to Top
73
 
Sale 1027, Lot 73, 1873 Continental Bank Note Co. Issue (Scott 156-166)10c Brown (161). Rich color and proof-like impression, unusually wide margins, neat strike of blue "W" fancy cancel, Very Fine and choice, a beautiful stamp, with 1997 P.F. certificate

26
650
Back to Top
74
 
Sale 1027, Lot 74, 1873 Continental Bank Note Co. Issue (Scott 156-166)12c Blackish Violet (162). Intense shade and impression on bright paper, Jumbo margins, unusual V-shaped cork cancel and also part of blue cancel at upper left, Extremely Fine Gem, scarce with such choice centering and wide margins, with 2001 P.F. certificate

142
300
Back to Top
75
 
Sale 1027, Lot 75, 1873 Continental Bank Note Co. Issue (Scott 156-166)15c Yellow Orange (163). Vibrant color as fresh as the day it was printed, phenomenal centering with unusually wide and balanced margins, face-free cork cancel at upper right, long and full perforations all around

EXTREMELY FINE GEM. A STUNNING USED EXAMPLE OF THE 1873 15-CENT CONTINENTAL BANK NOTE COMPANY ISSUE. EASILY ONE OF THE FINEST IN EXISTENCE.

The 15c American Bank Note issue, Scott 189, can be found with wide margins and is a much more common issue. This availability causes many collectors to infer that earlier issues such as the 1873 Continental printing are also readily available with wide margins. This is simply not the case. A review using Power Search of used and unused copies to review margin size and centering for the issue found almost none which compare favorably to the example offered here.

Ex Renne, Morris and Mayer. With 1985 and 1994 P.F. certificates.

160
2,300
Back to Top
76
 
Sale 1027, Lot 76, 1873 Continental Bank Note Co. Issue (Scott 156-166)30c Gray Black (165). Unusually choice centering with Jumbo margins all around, pretty shade, bold strike of circle of wedges cancel, Extremely Fine Gem, the 30c 1873 Continental Bank Note issue is virtually impossible to find with such Jumbo margins, with 1991 P.F. certificate

140
550
Back to Top
77
 
Sale 1027, Lot 77, 1873 Continental Bank Note Co. Issue (Scott 156-166)90c Rose Carmine (166). Brilliant color as fresh as the day it was printed, gorgeous centering with wide and balanced margins, long and full perforations all around, unobtrusive strike of circular datestamp

EXTREMELY FINE GEM. A STUNNING USED EXAMPLE OF THE 1873 90-CENT CONTINENTAL BANK NOTE COMPANY ISSUE. THIS IS EASILY ONE OF THE FINEST IN EXISTENCE.

The higher-denomination Bank Note issues were normally heavily cancelled, to prevent re-use. This makes it difficult for collectors looking for high-quality stamps to find a suitable copy. Some criteria (centering, color or cancel) is usually sacrificed when pursuing this issue. The stamp offered here, with unusually wide and balanced margins, with long and full perforations all around, bright color as fresh as the day it was printed and a light cancel, is a true condition rarity.

Ex Renne, Mayer and Hinrichs.. With 1987 and 2004 P.F. certificates.

300
4,250
Back to Top