Sale 956 — The Jay Hoffman Collection of United States Stamps
Sale Date — Thursday-Friday, 8-9 May, 2008
Category — 1851-56 Issue
1c Blue, Ty. Ib (5A). Position 5R1E, unused (no gum), large margins to clear incl. sheet margin at top, brilliant color, faint corner crease at top right, light diagonal crease at top, faint vertical scoring line at left entirely in marginEXTREMELY FINE APPEARING EXAMPLE OF THE RARE 1851 ONE-CENT TYPE IB IMPERFORATE ISSUE. THIS IS WITHOUT QUESTION ONE OF THE RAREST OF ALL UNITED STATES CLASSICS TO OBTAIN IN UNUSED CONDITION.
Type Ib was produced only as an imperforate stamp. Six positions on Plate 1 Early furnished stamps qualifying as Type Ib--Positions 3-6R and 8-9R--distinguished by the complete design at top and nearly complete design at bottom. When first entered on the plate, these six positions (as well as 7R1E) had the complete design at top and bottom. However, unlike 7R, small portions of the bottoms were burnished away.
When Mr. Hoffman acquired this stamp privately, he asked us to determine how many unused examples of Scott 5A were known. A thorough search of past auctions and our own extensive records produced a result that surprised us. The unique block of eight from Pate 1E contains Position 7R1E (Scott 5) and five Type Ib stamps (with faults). The famous ex-Waterhouse copy of Position 7R1E is joined with a pair of Type Ib stamps (this unused unit is currently owned by William H. Gross). The multiples, containing a total of seven Type Ib stamps, really do not fit the needs of collectors who want a single unused example of Scott 5A. We located only three unused singles, and we were surprised at the conspicuous absence of any unused Scott 5A stamps in major name sales and the Wagshal exhibit.
With 2008 P.F. certificate. Scott Catalogue value is grossly misleading given the rarity of this stamp -- Scott 6 in original-gum condition catalogues more than twice as much, yet it is not nearly as rare as Scott 5A.
