EXTREMELY FINE GEM. THIS MAY WELL BE THE FINEST USED EXAMPLE OF THE 1894 TYPE II UNWATERMARKED BUREAU ISSUE. THIS IS ONE OF THE MOST DIFFICULT ISSUES TO OBTAIN WITH SUCH CHOICE CENTERING.
The $1.00 Type II, which is defined as having the complete circle around the left "$1", occurred on only 50 of the 200 subjects of Plate 76. It is believed that only 8,762 were issued. This is a miniscule number when compared to the previous $1.00 stamp of the Columbian series (55,050 issued) and its watermarked counterpart (Scott 276A with 63,803 issued). They were mostly used on parcels or other oversize or heavy mailings. The stamps on these mailings tend to be damaged from use or were discarded, resulting in a small population of sound used stamps. Linn's Stamp Facts estimates less than ten covers are known.
With 2014 P.S.E. certificate (Superb 98; SMQ $14,500.00). This is the highest grade awarded and it has no equals
VERY FINE-EXTREMELY FINE. A SCARCE SET OF IMPERFORATE PAIRS OF THE HIGH-VALUE 1895 WATERMARKED BUREAU ISSUE.
In Brookman Volume III, pages 128-129, a complete account of the origin of the 1895 Imperforates is quoted from a column by George B. Sloane. We provide excerpts: "At the time they appeared, the Bureau of Engraving and Printing had, but a short time previously, taken over the stamp printing contract from the American Bank Note Co. and were unfamiliar with and inexperienced in quantity production of postage stamps. Gilbert E. Jones, one of the owners of the New York Times, had rendered the Bureau invaluable technical advice and assistance in the organization of their facilities, and the Bureau desired to reward him in some way for his services. Mr. Jones was well-known collector, interested only in stamps in imperforate pairs, and when the subject was broached he suggested that, while he desired no recompense, if the Bureau could give him an imperforate pair or block of each of the stamps then in current use, for his collection, he would feel more than amply repaid."
Sloane then explains that the Bureau was restricted from presenting him with stamps from stock, but did allow him to buy regular perforated stamps on sale at the post office and exchange them for imperforates. Although the Scott Catalogue at first did not recognize the imperforates as regularly-issued stamps, from 1916 they inserted a statement "All denominations of this issue exist imperforate but they were not regularly issued in that condition".
EXTREMELY FINE GEM. A SUPERB USED EXAMPLE OF THE 1895 $1.00 TYPE II WATERMARKED BUREAU ISSUE, WHICH HAS BEEN GRADED SUPERB 98 BY P.S.E. -- THIS IS THE HIGHEST GRADE AWARDED IN ANY CATEGORY.
With 2019 P.S.E. certificate (Superb 98; unpriced in SMQ above the grade of 95, SMQ $1,400.00 as 95). This is the highest grade awarded and it is shared by no others in any condition (used or unused). To extrapolate a potential SMQ value for this issue in the grade of 98, we looked at the other dollar value 1894-95 Bureaus in used condition. Six of the seven other dollar values are priced in SMQ in used condition at both 95 and 98. The average premium for a 98 is 2.55-times the price of a 95, meaning the potential SMQ value of this stamp is $3,500.00 (without taking into account that this is a population of one)
VERY FINE-EXTREMELY FINE. A RARE COMPETE SET OF ALL 34 STAMPS AND ALL 59 POSTAL STATIONERY ENTIRES WITH "UNIVERSAL POSTAL CONGRESS" OVERPRINT. VERY FEW INTACT SETS ARE KNOWN, AND EVEN FEWER ARE KNOWN WITH THE ORIGINAL BOX AND ENVELOPES.
According to a note from Postmaster General Gary, "As a gesture to the delegates attending the Universal Postal Congress held in Washington, D.C., in 1897, the government overprinted the stamps of the current series of envelopes with the inscription "Universal Postal Congress". A complete set of these overprints consists of 59 envelopes and were originally presented to the delegates, and others, in a card board box covered with black paper..." The stamps consist of those current in 1897, including Nos. 264-278, E5, J38-J44 and PR114-PR125. A rare opportunity to acquire them all.