Sale 1028 — The Natalee Grace Collection of Used U.S. Stamps, Part Three: 1902 and Later Issues
Sale Date — Thursday, 20 September, 2012
Category — Perf 11 Double-Line Watermark Issue, 1916-17 Perf 10 Unwatermarked Issue (Scott 461-480)
Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
411
$5.00 Light Green (480). Jumbo margins, radiant color, crisp impression, neat oval cancel struck at upper right leaves design clearly visibleEXTREMELY FINE GEM. A SUPERB USED EXAMPLE OF THE $5.00 MARSHALL, WHICH HAS BEEN GRADED SUPERB 98 BY P.S.E. -- THIS IS THE HIGHEST GRADE AWARDED TO DATE.
According to Johl, the war caused a sudden demand for high-denomination stamps for shipments of parts to Russia and for valuable shipments of Liberty bonds. The Bureau did not have time to prepare new designs, so they used the original dies from 1902 to lay down one new plate of each denomination.
Ex Tahoe. With 1989 P.F. and 2008 P.S.E. certificates (Superb 98; SMQ $780.00). This is the highest grade awarded to date and only one other has achieved this grade. We are surprised SMQ is so low given its rarity in this high grade.
40
1,100