Sale 1032 — The Nick Kirke Collection of Gem-Quality Used U.S. Stamps
Sale Date — Tuesday-Wednesday, 23-24 October, 2012
Category — 1894-98 Bureau Issues, Watermarked and Color Change (Scott 264-284)
Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
3400
1c Deep Green, Vertical Watermark (279a). Full letter "S" of watermark in clear vertical orientation, exceptional centering with wide margins, vivid color on bright paper, Extremely Fine Gem, a superb example of this variety which was produced in error, with 2007 P.F. (XF 90) and 2011 P.S.E. certificates (XF-Superb 95; unpriced in SMQ), this is the only used example of Scott 279a listed in the P.S.E. Population Report, extrapolating from the Scott Retail value of this stamp, which is 15-times that of the regular Horizontal Watermark issue ($7.50 for Scott 279a versus $0.50 for Scott 279), the SMQ value of this stamp were it listed would logically be a large multiple of the $95.00 listed for a Scott 279 graded 95
E. 300-400
950