Sale 1034 — The Merlin Collection of Superb United States Stamps

Sale Date — Wednesday-Thursday, 28-29 November, 2012

Category — 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)

Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
121
 
Sale Number 1034, Lot Number 121, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)1c Buff (112), 1c Buff (112)1c Buff (112). Bright color, choice centering with Jumbo margins, bold strike of circle of wedges cancel, Extremely Fine Gem, a superb stamp in every respect, a surprisingly difficult issue to obtain in the higher grades, with 2009 P.S.E. certificate (XF-Superb 95 Jumbo; SMQ $1,225.00 as 95, $3,200.00 as 98), only one has graded higher (at 98) and two others share this grade

150
850
122
 
Sale Number 1034, Lot Number 122, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)2c Brown (113), 2c Brown (113)2c Brown (113). Jumbo margins and almost mathematically perfect centering, fresh color on bright paper, cork cancel

EXTREMELY FINE GEM. A MAGNIFICENT USED EXAMPLE OF THE 2-CENT 1869 ISSUE GRADED SUBERB 98 JUMBO BY P.S.E. THIS IS THE HIGHEST GRADE AWARDED.

With 1991 P.F. and 2010 P.S.E. certificates (Superb 98 Jumbo; unpriced in SMQ above the grade of 98, SMQ $2,000.00 as 98). This is the highest grade awarded and only one other shares this grade.

90
1,100
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123
 
Sale Number 1034, Lot Number 123, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)3c Ultramarine (114), 3c Ultramarine (114)3c Ultramarine (114). Radiant color and crisp impression, choice centering with Jumbo margins, neat strike of cork cancel, Extremely Fine Gem, with 2007 P.S.E. certificate (XF-Superb 95 Jumbo; SMQ $375.00 as 95, $1,000.00 as 98), only one has graded higher (at 98) and only five others share this grade, this is a surprisingly low population given the relative abundance of this issue

17
900
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124
 
Sale Number 1034, Lot Number 124, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)6c Ultramarine (115), 6c Ultramarine (115)6c Ultramarine (115). Rich color on bright paper, Jumbo margins, bold strike of target cancel, Extremely Fine Gem, with 2008 P.S.E. certificate (XF 90 Jumbo; SMQ $575.00 as 90, $1,800.00 as 95), only five have graded higher

225
600
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125
 
Sale Number 1034, Lot Number 125, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)10c Yellow (116), 10c Yellow (116)10c Yellow (116). Vivid color and impression, gorgeous centering with Jumbo margins, neat cork cancel, Extremely Fine Gem, with 2001 P.F. and 2009 P.S.E. certificates (XF-Superb 95 Jumbo; SMQ $850.00 as 95, $2,900.00 as 98), only two have graded higher (at 98) and two others share this grade

140
1,300
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126
 
Sale Number 1034, Lot Number 126, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)12c Green (117), 12c Green (117)12c Green (117). Rich color and detailed impression, bold strike of circle of V's cancel, perfectly centered with unusually wide and balanced margins

EXTREMELY FINE GEM. A STUNNING USED EXAMPLE OF THE 12-CENT 1869 PICTORIAL ISSUE WHICH HAS BEEN GRADED SUPERB 98 BY P.S.E. -- THIS IS THE HIGHEST GRADE AWARDED.

With 2008 P.S.E. certificate (Superb 98; SMQ $2,000.00). This is the highest grade awarded (9 total)

140
1,400
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127
 
Sale Number 1034, Lot Number 127, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)15c Brown & Blue, Ty. I (118), 15c Brown & Blue, Ty. I (118)15c Brown & Blue, Ty. I (118). Perfectly centered with Jumbo margins, deep rich colors and proof-like impressions, unobtrusive strike of quartered cork cancel leaves design clearly visible

EXTREMELY FINE GEM. A PHENOMENAL USED EXAMPLE OF THE 15-CENT TYPE I 1869 PICTORIAL ISSUE WHICH HAS BEEN GRADED SUPERB 98 JUMBO BY P.S.E. THIS IS THE HIGHEST GRADE AWARDED.

In his book on the 1869 Pictorial Issue, Jonathan Rose notes that essays were made for both the Type I and II designs prior to the time the stamps were issued. The stamps were fed through the press twice -- first for the vignette and then for the frame. The challenge for the pressmen was to properly align the vignette when printing the frame. Apparently, the addition of the diamond marker at top center of the Type II design made it easier to accomplish this task. It also made any misalignment less noticeable. Type II stamps quickly replaced Type I.

With 1989 P.F. and 2008 P.S.E. certificates (Superb 98 Jumbo; unpriced in SMQ above the grade of 98, SMQ $12,000.00 as 98). This is the highest grade awarded and it is shared by only one other (offered in our Kirke sale)

800
9,500
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128
 
Sale Number 1034, Lot Number 128, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)15c Brown & Blue, Ty. II (119), 15c Brown & Blue, Ty. II (119)15c Brown & Blue, Ty. II (119). Deep rich colors on bright paper, almost perfectly centered, neat strike of rosette cancel

EXTREMELY FINE GEM. A BEAUTIFUL USED EXAMPLE OF THE 15-CENT TYPE II 1869 PICTORIAL.

With 2006 P.S.E. certificate (XF-Superb 95; SMQ $2,100.00). Only one has graded higher and only three others share this grade. This statistic has not changed since 2008 when we last offered this stamp.

250
1,400
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129
 
Sale Number 1034, Lot Number 129, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)24c Green & Violet (120), 24c Green & Violet (120)24c Green & Violet (120). Wide and balanced margins, intense colors and impressions on bright paper, cork cancel

EXTREMELY FINE GEM. A SUPERB USED EXAMPLE OF THE 24-CENT 1869 PICTORIAL ISSUE, WHICH HAS BEEN GRADED SUPERB 98 BY P.S.E. -- THIS IS THE HIGHEST GRADE AWARDED AND THE ONLY EXAMPLE TO ACHIEVE THIS GRADE.

This marvelous used 24c 1869 defies the norms of this issue. Although the space between subjects on the 24c 1869 frame plate provided ample room for perforations, the National Bank Note Co. employees had difficulty applying lines of perforations in a uniform manner. Therefore, stamps with balanced margins on all four sides represent a tiny fraction of the original population. Surviving used examples also show the tendency of postal clerks to zealously cancel high-denomination stamps that were typically used on mail to foreign countries or on heavy registered letters. In this stamp we have a degree of perfection rarely achieved by the manufacturer and a fortuitously merciful cancellation, leaving most of the design unobscured.

Ex Senchuk. With 2009 P.S.E. certificate (Superb 98; SMQ $13,000.00). This is the highest grade awarded and the only example to achieve this grade.

700
7,500
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130
 
Sale Number 1034, Lot Number 130, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)30c Ultramarine & Carmine (121), 30c Ultramarine & Carmine (121)30c Ultramarine & Carmine (121). Deep rich colors and proof-like impressions on bright paper, gorgeous centering with Jumbo margins, well-struck segmented cork cancel

EXTREMELY FINE GEM. A FANTASTIC USED EXAMPLE OF THE 30-CENT 1869 PICTORIAL ISSUE, WHICH HAS BEEN GRADED XF-SUPERB 95 JUMBO BY P.S.E. -- THIS IS THE HIGHEST GRADE AWARDED AND ONLY ONE OTHER EXAMPLE HAS ACHIEVED THIS GRADE.

With 2007 P.S.E. certificate (XF-Superb 95 Jumbo; SMQ $3,300.00 as 95, unpriced as 98). This is the highest grade awarded and only one other has achieved it.

450
2,700
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131
 
Sale Number 1034, Lot Number 131, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)90c Carmine & Black (122), 90c Carmine & Black (122)90c Carmine & Black (122). Deep rich colors and proof-like impressions on bright paper, unusually choice centering with Jumbo margins, neat strike of quartered cork cancel

EXTREMELY FINE GEM. A WONDERFUL USED EXAMPLE OF THE 90-CENT 1869 PICTORIAL ISSUE, WHICH HAS BEEN GRADED XF-SUPERB 95 JUMBO BY P.S.E. -- ONLY ONE HAS GRADED HIGHER.

The 90c 1869 Pictorial is widely admired for its beautiful engraving and dignified portrait of Abraham Lincoln. However, collectors have been frustrated in their efforts to acquire choice examples of this issue. Used 90c stamps are typically heavily cancelled, because the high denomination was cause for postal clerks to thoroughly obliterate any chance for re-use. Naturally, the significant monetary value of 90c in 1869 limited the number of unused stamps that would be saved for future collectors. Therefore, the collector ideals of "well-centered with original gum" and "lightly cancelled" are seldom obtainable in the available supply of 90c 1869's.

With 2011 P.S.E. certificate (XF-Superb 95 Jumbo; SMQ $8,800.00 as 95, $22,000.00 as 98). Only one has graded higher (at 98) and one other shares this grade.

2,100
5,500
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132
 
Sale Number 1034, Lot Number 132, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)1c Buff, Re-Issue (123), 1c Buff, Re-Issue (123)1c Buff, Re-Issue (123). Rich color and detailed impression on bright paper, perfectly centered with wide margins, unobtrusive strike of cork cancel

EXTREMELY FINE GEM. A PHENOMENAL USED EXAMPLE OF THE 1875 ONE-CENT 1869 PICTORIAL RE-ISSUE, WHICH HAS BEEN GRADED SUPERB 98 BY P.S.E. -- THIS IS THE SOLE EXAMPLE TO ACHIEVE THIS GRADE, WHICH IS THE HIGHEST AWARDED.

The 1c 1875 National Re-Issue on hard paper is much scarcer in this quality than its 1880's American counterparts on soft paper (Scott 133 and 133a). SMQ notes that approximately 40 are known used.

With 2011 P.S.E. certificate (Superb 98; SMQ $5,400.00). This is the highest grade awarded and the only example to achieve it.

400
4,500
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133
 
Sale Number 1034, Lot Number 133, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)10c Yellow, Re-Issue (127), 10c Yellow, Re-Issue (127)10c Yellow, Re-Issue (127). Bright color, bold strike of New York registry oval cancel, long and full perforations all around

EXTREMELY FINE GEM. THIS SUPERB USED EXAMPLE OF THE 10-CENT 1869 PICTORIAL RE-ISSUE IS EASILY ONE OF THE FINEST IN EXISTENCE.

SMQ estimates that approximately 30 used examples are known. We estimate that between 30 and 50 are known used. However, it is surprisingly difficult to obtain in such superb condition.

Ex Saadi. With 1984, 1989 P.F. and 2009 P.S.E. certificates (XF 90 Jumbo; SMQ $6,250.00 as 90, unpriced in SMQ as 95). This is the highest grade awarded and it is the only example to achieve this grade.

2,000
2,100
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134
 
Sale Number 1034, Lot Number 134, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)12c Green, Re-Issue (128), 12c Green, Re-Issue (128)12c Green, Re-Issue (128). Incredibly rich color and proof-like impression, almost perfect centering with well-proportioned margins, neat strike of New York duplex cancel

EXTREMELY FINE GEM. A SUPERB USED EXAMPLE OF THE 12-CENT 1869 PICTORIAL RE-ISSUE. A DIFFICULT STAMP TO FIND IN SUCH SUPERB CONDITION, AND EASILY ONE OF THE FINEST IN EXISTENCE. THIS REMARKABLE STAMP HAS BEEN GRADED XF-SUPERB 95 BY P.S.E. -- THIS IS THE HIGHEST GRADE AND THE ONLY ONE TO ACHIEVE IT.

The 12c 1869 Pictorial Re-Issue is the second rarest of the set in used condition (the 3c is the rarest). The Rose book estimates 15-25 extant used copies, and SMQ estimates 20 extant. It was the only used 1869 Re-Issue denomination in the Zoellner collection that was accepted with a small fault.

Ex Tahoe. With 2001 P.F. and 2008 P.S.E. certificates (XF-Superb 95; SMQ $15,000.00). This is the highest grade awarded and the only example to achieve this grade.

3,250
11,500
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135
 
Sale Number 1034, Lot Number 135, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)15c Brown & Blue, Re-Issue (129), 15c Brown & Blue, Re-Issue (129)15c Brown & Blue, Re-Issue (129). Deep rich colors and proof-like impressions, better centering than normally seen with wide margins, unobtrusive strike of cork cancel

EXTREMELY FINE GEM. A BEAUTIFUL USED EXAMPLE OF THE 15-CENT 1869 PICTORIAL RE-ISSUE.

The Type III design of the 15c Re-Issue is similar to the Type I, except it lacks shading lines around the vignette. The Rose book (p. 104) notes that essays of Type III are known from 1868, indicating this type was contemplated but never used for the original 1869 Issue. The vignette plate based on Type III was made for the Re-Issue. According to SMQ approximately 70 used examples are known. Our experience has been that most are either faulty or off-center.

With 2007 P.S.E. certificate (XF 90; SMQ $2,450.00). Only one has graded higher (at 95J) and four others share this grade.

1,250
1,400
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136
 
Sale Number 1034, Lot Number 136, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)24c Green & Violet, Re-Issue (130), 24c Green & Violet, Re-Issue (130)24c Green & Violet, Re-Issue (130). Unusually wide margins and nearly perfect centering, bright colors, light strike of oval registry cancel leaves design clearly visible

EXTREMELY FINE. A BEAUTIFUL USED EXAMPLE OF THE 24-CENT 1869 PICTORIAL RE-ISSUE. THIS MARVELOUS STAMP HAS BEEN AWARDED THE GRADE OF XF-SUPERB 95, WHICH IS THE HIGHEST AWARDED.

With 2009 P.F. and 2010 P.S.E. certificates (XF-Superb 95; SMQ $7,500.00). SMQ estimates that approximately 70 used examples are known. This is the highest grade awarded and only two others have achieved this grade.

1,750
4,250
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137
 
Sale Number 1034, Lot Number 137, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)24c Green & Violet, Re-Issue (130), 24c Green & Violet, Re-Issue (130)24c Green & Violet, Re-Issue (130). Deep rich colors and proof-like impressions, bold strike of cork cancel, gorgeous centering with wide margins

EXTREMELY FINE GEM. A SUPERB USED EXAMPLE OF THE 24-CENT 1869 PICTORIAL RE-ISSUE, WHICH HAS BEEN GRADED XF-SUPERB 95 -- THIS IS THE HIGHEST GRADE AWARDED.

With 1994, 2003 P.F. and 2011 P.S.E. certificates (XF-Superb 95; SMQ $7,500.00). This is the highest grade awarded and only two others share this grade.

1,750
3,000
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138
 
Sale Number 1034, Lot Number 138, 1869 Pictorial Issue and 1875 Re-Issue (Scott 112-131)30c Blue & Carmine, Re-Issue (131), 30c Blue & Carmine, Re-Issue (131)30c Blue & Carmine, Re-Issue (131). Deep rich colors and proof-like impressions, gorgeous centering with wide and balanced margins, neat strike of quartered cork cancel leaves entire design clearly visible

EXTREMELY FINE GEM. A PHENOMENAL USED EXAMPLE OF THE 30-CENT 1869 PICTORIAL RE-ISSUE, WITH WONDERFUL EYE APPEAL.

SMQ estimates that approximately 40 are known used. Our experience has been that many are either off-center or have small faults.

With 2011 P.S.E. certificate (XF-Superb 95; SMQ $12,500.00). Only two have graded higher (both at 98) and one other shares this grade.

3,000
4,250
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