1c Blue, Type II (7). Plate 1 Early, large margins at bottom and right, just in at top and left, faults including sealed tears, tied by red grid cancel on blue printed circular for wholesale druggist with printed dateline "New York, July 1st, 1851", addressed to Newburgh, New York, manuscript "Circular" and "paid" at upper left, docketing below stamp includes the July 1, 1851 date, Very Fine appearance, only two 1c 1851 covers postmarked July 1 are recorded (one with Scott 5A, offered in lot 8 and the other with Scott 7); six July 1 circulars with the 1c 1851 are recorded, but printed circulars were frequently mailed after their publication date, so they are not considered true First Day of Issue uses; the Scott U.S. Specialized lists the July 1 circular in the First Day Cover section and prices it at $4,000.00, ex Fisher and Gross, noted in Neinken book

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