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 — 1879 Continental Bank Note Co. Issue (Scott 182-191)

Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
80
 
Sale 1027, Lot 80, 1879 Continental Bank Note Co. Issue (Scott 182-191)1c Dark Ultramarine (182). Massive margins on all sides, rich color on bright paper, long and full perforations all around, well-struck "E" duplex cancel of New York, Extremely Fine Gem, this is without question the largest and finest example of this issue we have ever encountered, with 2001 P.F. certificate

6
350
81
 
Sale 1027, Lot 81, 1879 Continental Bank Note Co. Issue (Scott 182-191)2c Vermilion (183). Unusually choice centering with Jumbo margins, vibrant color as fresh as the day it was printed, neat strike of "PO" duplex cancel, Extremely Fine Gem, a superb stamp in every respect, with 2009 P.S.E. certificate (XF-Superb 95 Jumbo; SMQ $165.00 as 95, $530.00 as 98), only four have graded higher to date

5
400
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82
 
Sale 1027, Lot 82, 1879 Continental Bank Note Co. Issue (Scott 182-191)2c Vermilion, Double Impression (183a). Showing clear second impression shifted dramatically towards bottom, wide margins, rich color, perfect strike of "13" in target cancel of Philadelphia, small thin spot at left center

EXTREMELY FINE APPEARANCE. THE 2-CENT AMERICAN BANK NOTE STAMP WITH DOUBLE IMPRESSION (SCOTT 183a) IS ONE OF THE RAREST OF ALL DOUBLE IMPRESSIONS -- ONLY TWO ARE KNOWN.

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.

Only two examples of the 1878 2c American Bank Note Co. issue are known with the double impression, illustrated at our website at http://www.siegelauctions.com/dynamic/census/183a/183a.pdf .

Ex Twigg-Smith. With 2001 P.F. certificate.

5,500
4,250
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83
 
Sale 1027, Lot 83, 1879 Continental Bank Note Co. Issue (Scott 182-191)3c Green (184). Mathematically precise centering with colossal margins all around, rich color and proof-like impression, perfect strike of "1" in target cancel

EXTREMELY FINE GEM. THIS PHENOMENAL STAMP IS WITHOUT QUESTION ONE OF THE FINEST IN EXISTENCE. IT HAS BEEN GRADED GEM 100 JUMBO BY P.S.E., WHICH IS THE HIGHEST GRADE POSSIBLE.

This stamp, with its mathematically perfect centering, Jumbo margins, long perforations, detailed impression and fresh color, is truly remarkable. With 1993 P.F. and 2009 P.S.E. certificates (Gem 100 Jumbo; unpriced in SMQ above the grade of 98, SMQ $425.00 as 98). Only one other shares this grade; the other example was offered in our sale of the Tahoe Collection and its margins, while perfectly centered, are smaller than the example offered here. This is also one of only six used Bank Note stamps (five different Scott numbers) between Scott 134 and 218 to achieve this perfect grade (three of the five are offered in this collection).

1
2,200
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84
 
Sale 1027, Lot 84, 1879 Continental Bank Note Co. Issue (Scott 182-191)3c Green, Double Impression (184b). Enormous margins on three sides, just barely in at left, bright color clearly showing the double impression, light strike of violet star in circle cancel

VERY FINE. THE FINEST OF THE FOUR RECORDED EXAMPLES OF THE 1879 3-CENT AMERICAN BANK NOTE COMPANY ISSUE WITH DOUBLE IMPRESSION.

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.

Our records contain just four copies of this stamp with double impression, illustrated below and available at http://www.siegelauctions.com/dynamic/census/184b/184b.pdf . One has a heavy cancel and a repair, and has not been seen for some time. Another has never been certified. The third shows only partial doubling, and is centered to top left with a small corner crease and tear.

With 1985 P.F. certificate.

5,500
4,250
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85
 
Sale 1027, Lot 85, 1879 Continental Bank Note Co. Issue (Scott 182-191)5c Blue (185). Intense shade and impression on crisp paper, unusually wide and balanced margins, neat strike of duplex cancel, Extremely Fine Gem, a huge stamp

17
375
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86
 
Sale 1027, Lot 86, 1879 Continental Bank Note Co. Issue (Scott 182-191)6c Pink (186). Gorgeous centering with Jumbo balanced margins, vibrant color as fresh as the day it was printed, long and full perforations all around, bold strike of "13" duplex cancel

EXTREMELY FINE GEM. THE 1879 6-CENT AMERICAN BANK NOTE COMPANY ISSUE IS VERY DIFFICULT TO FIND WITH SUCH JUMBO MARGINS AND IN SUCH PRISTINE USED CONDITION. THIS EXCEPTIONAL STAMP HAS BEEN GRADED SUPERB 98 JUMBO BY P.S.E. -- THIS IS THE HIGHEST GRADE AWARDED TO DATE BY FAR AND THE ONLY EXAMPLE TO ACHIEVE THIS GRADE.

This issue is difficult to find used or unused in such superb condition. There always seems to be a trade-off between centering and other condition factors. The stamp offered here, with Jumbo centered margins, long perfs, bright color and a clear cancel, is the finest we have ever encountered.

With 2003 P.F. and 1994 and 2009 P.S.E. certificates (Superb 98 Jumbo; unpriced in SMQ above the grade of 98, SMQ $1,150.00 as 98). This is the highest grade awarded to date in any category.

30
1,500
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87
 
Sale 1027, Lot 87, 1879 Continental Bank Note Co. Issue (Scott 182-191)10c Brown, Without Secret Mark (187). Choice centering with well-proportioned margins, intense shade and impression, neat strike of target cancel, Extremely Fine, the 1879 10c American Bank Note Co. issue without secret mark is far more difficult to obtain in sound and centered condition than its secret mark counterpart (only 3 have graded higher than 90 in the P.S.E. Population Report versus 33 graded higher than 90 for Scott 188), with 1992 P.S.E. certificate

42
300
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88
 
Sale 1027, Lot 88, 1879 Continental Bank Note Co. Issue (Scott 182-191)10c Brown, With Secret Mark (188). Unusually choice centering with wide and balanced margins, long and full perforations, rich color, detailed impression, bold strike of "9" duplex cancel, Extremely Fine Gem, a superb stamp in every respect, with 1999 P.F. certificate

32
275
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89
 
Sale 1027, Lot 89, 1879 Continental Bank Note Co. Issue (Scott 182-191)15c Red Orange (189). Mathematically precise centering with gigantic margins all around, vivid color, beautiful even perforations all around, neat strike of "5" in four-ring target cancel and trace of additional cancel at left

EXTREMELY FINE GEM. THIS PHENOMENAL STAMP HAS BEEN AWARDED THE GRADE OF GEM 100 JUMBO BY P.S.E. -- THIS IS THE HIGHEST GRADE POSSIBLE AND THIS IS THE ONLY STAMP TO ACHIEVE THIS PERFECT GRADE IN ANY CATEGORY.

With 2000 P.F. and 2009 P.S.E. certificates (Gem 100 Jumbo; unpriced in SMQ above the grade of 98, SMQ $960.00 as 98). This is the only example of this stamp in any category to achieve the highest grade possible on the grading scale. The margin size is significantly greater than the Mint N.H. copy graded Gem 100 and offered in our sale of the Whitman collection. This is also one of only six used Bank Note stamps (five different Scott Nos.) between Scott 134 and 218 to achieve this perfect grade (two others are also offered in this collection). Finally, it is also the only stamp -- unused or used -- with a denomination higher than 10c to achieve this grade before the 1898 Trans-Mississippi Issue.

27
3,750
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90
 
Sale 1027, Lot 90, 1879 Continental Bank Note Co. Issue (Scott 182-191)30c Full Black (190). Beautiful centering with Jumbo margins, bright and fresh shade, detailed impression, perfect strike of Philadelphia oval registry cancel, Extremely Fine Gem, this stamp has the widest margins of any we have ever encountered, truly a beautiful stamp, ex Floyd, with 1988 P.F. certificate

100
225
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91
 
Sale 1027, Lot 91, 1879 Continental Bank Note Co. Issue (Scott 182-191)90c Carmine (191). Gorgeous centering with wide and balanced margins, brilliant color, detailed impression, unusual San Francisco circular datestamp with bent rim of cancel, long and full perforations all around

EXTREMELY FINE GEM. A SUPERB USED EXAMPLE OF THE 1879 90-CENT AMERICAN BANK NOTE COMPANY ISSUE. AN EXTREMELY DIFFICULT ISSUE TO OBTAIN IN SUCH PRISTINE CONDITION.

The 90c American Bank Note issue, Scott 191, is probably the most common of the regularly issued 90c Bank Notes, and is readily found in used condition. However, it is extremely difficult to find in sound and centered used condition. Many were used on parcels and were heavily cancelled or damaged in transit. Those without heavy cancels seem to be off center or to have smaller margins. As another indication of rarity, P.S.E. has only graded four used examples higher than XF-90 to date.

Ex Hinrichs. With 1998 P.F. certificate.

375
3,000
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