Sale 1278 — United States Stamps
Sale Date — Tuesday-Thursday, 21-23 March, 2023
Category — 1894-98 Bureau Issues (Scott 246-284)
EXTREMELY FINE GEM. WITHOUT QUESTION THIS IS ONE OF THE COUPLE FINEST MINT NEVER-HINGED EXAMPLES OF THE 1894 15-CENT UNWATERMARKED BUREAU ISSUE IN EXISTENCE.
The 1894 Unwatermarked issue was the first U.S. postage issue to be printed by the Bureau of Engraving & Printing, after the contract with American Bank Note Co. expired. The first stamps printed by the Bureau are notoriously difficult to find well-centered, as production was marred by initial problems as they geared up to meet the needs of the public for stamps. Often the perfs are choppy and rough, and very rarely are the stamps found with huge margins, perfect centering and well-defined perfs. This stamp is a wonderful exception.
With 2014 P.S.E. certificate (XF-Superb 95 Jumbo; SMQ $11,000.00). This is the only Scott 259 at this grade and only one grades higher -- a Superb 98 graded back in 2004.
EXTREMELY FINE MINT NEVER-HINGED EXAMPLE OF THE 1894 $1.00 UNWATERMARKED TYPE II BUREAU ISSUE.
Condition conscious collectors are well aware that it is extremely difficult to find First Bureau stamps in centered, Mint Never-Hinged condition, particularly the higher denominations. This is mostly due to production problems as the Bureau of Engraving and Printing assumed responsibility for stamp production after the American Bank Note Co. contract expired.
With 2006 P.S.E. certificate (VF-XF 85; SMQ $8,750.00)
EXTREMELY FINE GEM. AN OUTSTANDING EXAMPLE OF THE 2-CENT 1895 TYPE II WATERMARKED BUREAU ISSUE, GRADED SUPERB 98 BY THE P.F.
With copy of 2021 P.F. certificate for a strip of three. With 2022 P.F. certificate as this single (Superb 98). This is the highest grade awarded by the P.F. By way of comparison, Superb 98 is also the highest grade awarded by P.S.E.
EXTREMELY FINE GEM. A MAGNIFICENT USED EXAMPLE OF THE $1.00 TYPE I WATERMARKED 1895 BUREAU ISSUE, GRADED SUPERB 98 BY THE P.F.
The dollar-value Bureaus are rarely found with centering that would qualify for a high numerical grade, but in used condition they are further handicapped by heavy registry cancels, which almost invariably knock points off the final grade. The $1.00 Type I 1895 Issue offered here is extraordinary not only for its precise centering and wide margins, but the lightly-struck cancel leaves the entire design visible.
With 2022 P.F. certificate (Superb 98). This is the highest grade awarded by the P.F. and it is shared by no others. By way of comparison, the highest grade awarded by P.S.E. is also Superb 98 (two examples).
EXTREMELY FINE GEM USED EXAMPLE OF THE 1895 $2.00 WATERMARKED BUREAU ISSUE, GRADED XF-SUPERB 95 JUMBO BY P.S.E.
With 1980 P.F. and 2021 P.S.E. certificates (XF-Superb 95 Jumbo; SMQ $2,750.00 as 95, $7,750.00 as 98). Only two used stamps grade higher (at 98 and 100J) and no others share this grade