Sale 1138 — The Hanover Collection of Superb-Quality U.S. Stamps, Part 2
Sale Date — Thursday, 6 October, 2016
Category — Pan-American Issue Inverts (Scott 294a-296a)
EXTREMELY FINE GEM. THE FINEST RECORDED EXAMPLE OF THE 2-CENT PAN-AMERICAN INVERT WITH ORIGINAL GUM AND THE ONLY COPY CERTIFIED SUPERB 98 BY PROFESSIONAL STAMP EXPERTS.
A survey of the Levi records produced 64 single unused stamps (excluding the block of four and rejoined block of four). Many of these were described in auction catalogues more than 40 years ago; therefore, the determination of soundness is uncertain. However, assuming the old descriptions were reaffirmed today, approximately 45% of singles across all centering categories have faults.
Of the single stamps with Extremely Fine centering (a minimum grade of 85), we counted 13 sound and 9 with faults. There is no other stamp in the Levi records that we think would achieve a grade of Superb 98 or better. Therefore, it is our contention, backed by the P.S.E. Population Report, that the stamp offered here is the finest original-gum example of the 2c Pan-American Invert extant.
Ex "Beverly Hills". With 2013 P.F. certificate as “Genuine, previously hinged” with a grade of Superb 98. With 2013 P.S.E. certificate (1201453), which states “genuine unused, o.g., previously hinged” with a grade of Superb 98, Mint OGph.
The grade of Superb 98 is the highest for Scott 295a in the P.S.E. Population Report, and this is the only stamp to receive it. The next highest grade awarded to Scott 295a in any category is Extremely Fine 90 (three stamps, all OGph).
SMQ value $220,000.00
Click here for an introduction to the 1901 Pan-American Issue: http://siegelauctions.com/2013/1052/1901_Intro.pdf