Sale 1262 — United States Stamps and Postal History
Sale Date — Tuesday-Thursday, 26-28 July, 2022
Category — 1861-68 Issues
VERY FINE APPEARANCE. ONE OF TWO RECORDED FIRST DAY COVERS FOR ALL DENOMINATIONS OF THE 1861 ISSUE. THIS IS THE ONLY ONE WITH THE 3-CENT PINK STAMP. A PHENOMENAL CLASSIC FIRST DAY COVER.
Starting in the middle of August 1861, all stamps in circulation were demonetized and replaced by a new issue, to prevent the states in rebellion from cashing in on supplies of stamps left in Southern post offices. Federal post offices throughout the country were instructed to set expiration dates for the exchange of old for new issues -- generally, the exchange period was six days from the date of receipt of new stamps. The first delivery of the new designs was delivered by National Bank Note Company to the government stamp agent, Daniel M. Boyd, on August 16, 1861. It contained over 5 million stamps for the eight initial denominations (1c, 3c, 5c, 10c, 12c, 24c, 30c and 90c). Baltimore was the first city to receive a shipment of the new stamps, which were placed on sale on Saturday, August 17. Advertisements in the local newspaper stated that new stamps were available and old stamps could be exchange up to August 22.
There are only three items known cancelled on the first day of issue, August 17. One is a 1c stamp off cover (Scott 63) with a clear Baltimore circular datestamp with the yeardate. The second is a cover with the 3c Pink (Scott 64, offered here). The third is a cover with the 3c Rose Pink (Scott 64b, sold in our Sale 1191, lot 2133 for $14,000 hammer). None are known, either on or off cover, for the other six denominations.
A distinction should be drawn between this First Day of Issue, as opposed to an Earliest Documented Use. The latter category is subject to change based on new discoveries; the actual First Day of Issue is the day the stamps went on sale. The cover offered here falls into the more desirable latter category.
With 1999 P.F. certificate. Scott value $22,000.00