Sale 1096 — The Robert R. Hall Collection of Outstanding United States Stamps

Sale Date — Tuesday-Thursday, 28-30 April, 2015

Category — 1898 Spanish-American War, Documentary, Proprietary Revenue Issues

Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
994
 
Sale 1096, Lot 994, 1898 Spanish-American War, Documentary, Proprietary Revenue Issues10c Dark Green, "I.R." Overprint (R157). Retaining its original gum, outstanding centering, natural s.e. at bottom, clear overprint, "M.M. L.I.C. July 14?, 1898" manuscript cancellation (Michigan Mutual Life Insurance Co.), light corner crease at lower right

EXTREMELY FINE APPEARING EXAMPLE OF THE RARE 10-CENT "I.R." EMERGENCY PROVISIONAL OVERPRINT.

To meet the increased demands for federal revenue during the Spanish-American War, on June 13, 1898, Congress approved the War Revenue Law of 1898. The law was to become effective on July 1, 1898, leaving only seventeen days before the new stamps were needed. The Bureau of Engraving and Printing had already started work on the dies, rolls and plates in anticipation of its passage, but they were still unable to issue stamps when the law went into effect.

A large quantity of 1c and 2c stamps were printed with an "I.R." overprint (Scott R153, R154, R155 and R155A). Additionally, small quantities were produced in the 8c, 10c and 15c denominations. These issues mark the first time that the United States had to resort to surcharging. According to Sloane's Column (Jul. 31, 1948), the Michigan Mutual Life Insurance Co. handstamped copies of the 8c, 10c and 15c regular issues over a period of five days in July 1898. Sloane states these provisional revenues were brought to the philatelic market by J. E. Scott, a collector and employee of the company. J. E. Scott reported that the company used 41 copies of the 8c, 66 of the 10c and 28 of the 15c. The Scott Retail values support this relative mix of supply.

With 1991 P.F. certificate

4,250
2,300