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 — Pan-American Exposition Issue (Scott 294-299)
VERY FINE AND CHOICE. THIS IS ONE OF ONLY SIX SOUND USED EXAMPLES OF THE ONE-CENT PAN-AMERICAN INVERT, AND OF THE SIX THIS IS ONE OF THE BEST-CENTERED COPIES. A WORLD-CLASS RARITY.
The 1c Pan-American Inverts were found in at least four different post offices around the country, soon after release of the issue in May 1901. According to the revised Johl-King book (p.7) "The first known copies of this error were discovered at Bessemer, Alabama, by the Carrell Jewelry Company on some circulars just prior to mailing them. When they realized the find they had made they lost no time in removing the stamps from the circulars and thus saved them to philately."
The 1c Pan-American Invert in used condition is considerably scarcer than unused. Our updated census, available at our website at http://siegelauctions.com/dynamic/census/294a/294a.pdf , records 48 used examples plus three on cover, for a total of 51 copies. Of these, only six off-cover copies can be confirmed as sound. An additional three need to be examined for condition as they have not been seen since 1953, 1960 and 1979, and have never been certified. 39 off-cover stamps plus one on cover have faults ranging from corner creases to repairs. Only four of the six sound copies have perfs clear of the design on all four sides.
Census No. 294a-CAN-02. With 1997 P.F. certificate.
VERY FINE APPEARANCE. ONLY SEVEN USED EXAMPLES OF THE 2-CENT PAN-AMERICAN INVERT ARE KNOWN, AND NONE ARE SOUND. THE EXAMPLE OFFERED HERE, WITH UNUSUALLY CHOICE CENTERING, AN UNOBTRUSIVE CANCEL AND A CREASE, IS ONE OF THE FINEST IN EXISTENCE.
Our census of the 2c Pan-American Invert in used condition records only seven copies, which are illustrated below and available at our website at http://siegelauctions.com/dynamic/census/295a/295a.pdf . None is sound -- two are reperfed, one has a tear and another is thinned. Only three stamps have minor flaws.
Census No. 295a-CAN-02. Ex Goldsmith, Silberberg and Hewitt. With 1971, 1980 and 2005 P.F. certificates. In our opinion this is very undercatalogued in Scott -- the unused invert catalogues $55,000.00 in Scott and is significantly more plentiful with approximately 64 unused singles known, versus $60,000.00 for the used with only seven known.