Sale 1032 — The Nick Kirke Collection of Gem-Quality Used U.S. Stamps
Sale Date — Tuesday-Wednesday, 23-24 October, 2012
Category — 1901 Pan-American Issue (Scott 294a, 294-299)
EXTREMELY FINE APPEARING USED EXAMPLE OF THE ONE-CENT PAN-AMERICAN INVERT.
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." Three covers are known with one each used from Bessemer Ala., Oakland Cal. and St. Louis Mo.
The 1c Pan-American Invert in used condition is considerably scarcer than unused. With the increased collector demand for 20th Century stamps, especially in used condition, the price of a used 1c Pan-American Invert has surged ahead from $7,000.00 in 2001 to $17,500.00 in 2012.
With 2007 P.F. certificate.