Sale 1150 — United States Stamps
Sale Date — Wednesday, 1 March, 2017
Category — 1904 Louisiana Purchase Issue (Scott 323-327)
EXTREMELY FINE GEM. A SPECTACULAR EXAMPLE OF THE 5-CENT LOUISIANA PURCHASE ISSUE WHICH IS GRADED SUPERB 98 JUMBO BY P.S.E. -- THIS IS THE HIGHEST GRADE AWARDED AND IT IS SHARED BY NO OTHERS.
According to Johl (Volume 1), the Louisiana Purchase stamps were not popular with the public or collectors when they were issued -- due to their larger size and unfavorable comparisons to the designs of the previous 1901 Pan-American stamps. As a result, fewer were saved.
Ex Whitman. With 1995 P.F. certificate for a block. With 1997 and 2008 P.S.E. certificates (Superb 98 Jumbo; SMQ $7,500.00). This is the only 5c Louisiana Purchase stamp to have achieved this grade in the P.S.E. Population Report, with none higher. The SMQ value is far too low for a unique population report number such as this -- it realized $16,000 hammer in our Whitman sale. Scott Retail $200.00