Price History for Scott 461 in OGnh 90 Grade
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Three things to keep in mind when looking at the above results (unsolds are not included):
- It is important to look at the individual data points listed below. Price swings up may be due to varieties such as broken hat or other positives such as cancels. Price swings down may be due to factors such as faults on items that would have graded higher if they were sound, and may not be considered as desirable as a sound copy in this grade.
- When looking at multiple grades on the graph, grades with the same population numbers may show overlapping.
- At the time of an auction, the SMQ value has already been published and is available to bidders. Increases or decreases in SMQ value prior to the auction may affect the price realized.
This information is provided for hobbyists and is not intended to represent philatelic material as an investment or financial instrument. Past performance is neither an indication nor guarantee of future performance. Every effort has been made to ensure the accuracy of the information, but Siegel Auction Galleries (including its representatives and affiliates) is not liable for errors or omissions of any kind. "SMQ" refers to Stamp Market Quarterly, a copyrighted publication, and the information is used with the copyright holder's permission.
EXTREMELY FINE GEM. A STUNNING MINT NEVER-HINGED EXAMPLE OF THE 1915 2-CENT PALE CARMINE RED PERF 11 ON SINGLE-LINE WATERMARKED PAPER, SCOTT 461. THIS WAS THE FIRST ISSUE TO BE PERFORATED 11, AND ONLY A LIMITED QUANTITY WAS PRODUCED. THIS MARVELOUS EXAMPLE IS GRADED SUPERB 98 BY P.S.E., WHICH IS THE HIGHEST GRADE AWARDED.
The Bureau switched from 12-gauge to 10-gauge perforations to address criticism that the stamps separated too easily. However, the Perf 10 stamps had the opposite effect, often causing users to tear their stamps. Facing public criticism, Third Assistant Postmaster General Dockery experimented with this Perf 11 issue. In June 1915 90,000 stamps with the trial perforation were issued and deemed satisfactory. However, due to the frugality of wartime conditions the Bureau did not change to the new Perf 11 wheels until all of the old Perf 10 wheels had worn out. The change was not started until almost two years later. By this time the Bureau was using unwatermarked paper -- this is the only perf 11 stamp printed on single-line watermarked paper.
With 2015 P.S.E. certificate (Superb 98; SMQ $6,000.00). This is the highest grade awarded and only one other shares this grade. This is also the first time we have offered this grade in one of our auctions.
EXTREMELY FINE GEM. A GORGEOUS MINT NEVER-HINGED EXAMPLE OF THE RARE 2-CENT PALE CARMINE RED PERF 11 ON SINGLE-LINE WATERMARKED PAPER, SCOTT 461.
With 2002 P.F. and 2007 P.S.E. certificates (XF-Superb 95; SMQ $2,700.00). Only one example has graded higher.