Sale 1138 — The Hanover Collection of Superb-Quality U.S. Stamps, Part 2
Sale Date — Thursday, 6 October, 2016
Category — Louisiana Purchase and Jamestown Issues (Scott 323-329)
Lot
Symbol
Photo/Description
Cat./Est. Value
Realized
1528°
5c Louisiana Purchase (326). Mint N.H. with wide bottom selvage, deep rich color and proof-like impression, unusually wide and balanced marginsEXTREMELY FINE GEM. A STUNNING MINT NEVER-HINGED EXAMPLE OF THE 5-CENT LOUISIANA PURCHASE, WHICH IS GRADED SUPERB 98 BY P.S.E. -- ONLY ONE HAS GRADED HIGHER.
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.
With 2011 P.S.E. certificate (Superb 98; SMQ $4,750.00). Only one has graded higher (at 98J, which realized $16,000 hammer in our Whitman sale) and four others share this grade. Surprisingly, this is the first in this grade we have offered.
200
4,750