Sale 1010 — 2011 Rarities of the World

Sale Date — Saturday, 18 June, 2011

Category — Revenues, Sanitary Fair

Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
165°
nh
Sale 1010, Lot 165, Revenues, Sanitary Fair25lb Black Brown, 1935 Tax Exempt Potatoes, Booklet Pane of 12 (RI17a). Mint N.H., crisp impression

FINE. A RARE INTACT BOOKLET PANE OF THE 25-POUND 1935 POTATO TAX STAMP. A GREAT RARITY.

According to Scott Catalogue, these stamps were required by the Potato Act of 1935, by which potato growers were given allotments and provided with Tax Exempt Potato stamps. The law restricted the export of potatoes and mandated that they be used instead to provide direct relief to those in need. Because of the federal government's direct involvement in the economic affairs of American potato growers, this law was widely regarded as one of the most radical and controversial pieces of legislation enacted during the New Deal. The United States Supreme Court declared it unconstitutional on January 6, 1936, and the Tax Paid stamps were never used. It is reported that there are two intact booklets and approximately four loose panes.

7,000
0