Sale 1032 — The Nick Kirke Collection of Gem-Quality Used U.S. Stamps

Sale Date — Tuesday-Wednesday, 23-24 October, 2012

Category — 5c-90c 1857-60 Issue (Scott 27-39)

Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
3097
 
Sale 1032, Lot 3097, 5c-90c 1857-60 Issue (Scott 27-39)90c Blue (39). Gorgeous centering with wide margins all around, deep rich color and sharp impression, bold strike of deep red grid cancel, bottom left corner perf slightly rounded, called "short" on most recent certificate

EXTREMELY FINE. A BEAUTIFUL USED EXAMPLE OF THE SHORT-LIVED 90-CENT 1860 ISSUE -- THE FIRST UNITED STATES 90-CENT STAMP.

The 90c stamp was issued in 1860, along with the 24c and 30c values, all of which were needed to prepay high international letter rates established by various postal treaties. The basic 24c and 30c rates to England, France and Germany created a large volume of mail franked with those values. However, the 90c saw much more limited use, partly due to the rates in effect, but more because of the American Civil War. When supplies of current postage stamps were declared invalid in the South and ultimately demonetized by the Federal government, the 90c had been in use for only one year. For this reason, genuinely cancelled copies bearing the 90c are scarce. Approximately 180 used examples have been certified as genuine by the Philatelic Foundation, of which approximately one-quarter are sound. Of these sound examples, many are off-center. This example is a rare and highly desirable exception.

With 2003 and 2005 P.F. certificates which do not mention the short corner perf. With 2005 P.S.E. certificate (VF-XF 85; SMQ $13,800.00). Only three examples have achieved this grade and only two have graded higher.

10,000
7,500