90c Blue, Re-Issue (111). Perfect centering with wide even margins, deep rich color and intense impression on crisp white paper, neatly cancelled by New York City circular datestamp and oval grid

EXTREMELY FINE GEM. ONE OF THE TWO FINEST EXAMPLES OF THE 90 CENT 1861 RE-ISSUE IN USED CONDITION. ONLY FOUR USED COPIES ARE KNOWN TO EXIST. AN OUTSTANDING CLASSIC RARITY.

The footnote in Scott Catalogue at the end of the Re-Issue section states that "Five examples are recorded of No. 111 used, one of which has a non-contemporaneous cancel. Value is for centered and sound example (two are known thus.)"

The four recorded used copies of this stamp are as follows: 1) Census No. 111-CAN-01, sound and superbly centered, ex Sheriff, Zoellner (Siegel Sale 804, lot 275, realized $40,000 hammer), the stamp offered here; 2) Census No. 111-CAN-02, oval grid cancel, ex Twigg-Smith (Siegel Sale 835, lot 216, realized $50,000 hammer); 3) Census No. 111-CAN-03, sound, duplex cancel, centered slightly to top, from our 1986 Rarities sale (lot 97); and 4) Census No. 111-CAN-04, centered to top, small corner creases at top left with one ending in a small tear, offered in the Ameripex auction. They are illustrated in the census on our website at http://siegelauctions.com/enc/census/111.pdf

Ex Sheriff and Zoellner. With 2006 P.F. certificate (XF 90; SMQ $160,000.00)

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