Sale 1246 — Worldwide Stamps and Postal History
Sale Date — Wednesday-Thursday, 1-2 December, 2021
Category — Japan thru Mexico
EXTREMELY FINE. A SUPERB AND RARE USED EXAMPLE OF THE 1905 2-1/2-DOLLAR KAISER YACHT UNWATERMARKED.
With 2021 Jaschke-Lantelme certificate. Scott $5,000.00. Michel €6,000
FINE. AN EXTRAORDINARILY RARE COVER WITH THE 1895 5-POON FIRST PRINTING. PROBABLY THE ONLY FOREIGN-MAIL COVER, AND LIKELY THE LARGEST MULTIPLE-FRANKING.
Korea joined the U.P.U. on January 1, 1900. From that point on, Korean stamps were valid on foreign mail. One the same date, the currency changed from Poons to Chon and Won, and earlier stamps denominated in Poons were accepted at the rate of 5 poon = 1 chon. The remaining supply were surcharged 1 chon (Scott 15B). The unsucharged Poon stamps continued to be accepted at the converted rate. The seven 5 poon stamps were treated as 7 chon, plus the 3 chon stamp, correctly paid the 10-chon foreign mail rate.
Only a tiny number of covers with the 5-poon First Printing have survived.