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Incredible Prices Realized At Auction Of Premium US Stamps

 
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Author Previous TopicReplies: 8 / Views: 2,543Next Topic  
Pillar Of The Community
USA
2866 Posts
Posted 09/10/2008   8:57 pm  Show Profile Bookmark this topic Add t360 to your friends list Get a Link to this Message
The first major auction of the new fall season just concluded - with
stunning results - Spink Shreves Galleries sale of the
"Westchester" Collection of Spectacular Quality United States Mint Stamps.
Numbering only 174 lots - with a total Scott catalog value of $179,048.00 -
these select stamps were sold over a span of two hours this evening and the
total realizations (including buyer's premium) were in excess of
$1,610,000.00!

Just a few examples of the extraordinary realizations include:

Scott #166, the 1873 90c Banknote, o.g., n.h. - Scott catalog value
$2,750.00 - realized $35,100.00
Scott #205, the 1882 5c Banknote, o.g., n.h. - Scott catalog value
$1,000.00 - realized $24,250.00
Scott #214, the 1887 3c Banknote, o.g., n.h. - Scott catalog value $240.00
- realized $30,000.00
Scott #233, the 4c Columbian, o.g., n.h. - Scott catalog value $230.00 -
realized $60,475.00
Scott #292, the $1.00 Trans-Mississippi, o.g., n.h. - Scott catalog value -
realized $80,600.00

$60,000 for a 4c Columbian, wow!
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Pillar Of The Community
United States
1566 Posts
Posted 09/10/2008   9:08 pm  Show Profile Bookmark this reply Add mkfarm to your friends list  Get a Link to this Reply
Yeah it was a good thing they started to take a credit card for payment. They said it one of the best ever collected for those years.
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Pillar Of The Community
USA
3315 Posts
Posted 09/10/2008   9:26 pm  Show Profile Bookmark this reply Add laswabbie to your friends list  Get a Link to this Reply
SCV $230 - Selling for $60+ grand?

Holy Cow Batman!
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Pillar Of The Community
USA
1749 Posts
Posted 09/10/2008   10:29 pm  Show Profile Bookmark this reply Add gussyboy1 to your friends list  Get a Link to this Reply
Wow! What a auction! I would have loved to been a fly on the wall watching all of the activities!

Gussyboy1
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Nobody gets in to see the Wizard. Not nobody. Not No How!"
Pillar Of The Community
United States
914 Posts
Posted 09/10/2008   10:33 pm  Show Profile Bookmark this reply Add rlorenz to your friends list  Get a Link to this Reply
T360

WOW 60K for a 4c Colombian . I am sure most if not all are graded stamps but that is still amazing.
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rick l
APS# 214326, I.S.G.C.# 979
Pillar Of The Community
USA
2866 Posts
Posted 09/11/2008   04:22 am  Show Profile Bookmark this reply Add t360 to your friends list  Get a Link to this Reply
stamp dealers were using mint Columbians for scrap postage up into the twenties.
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Pillar Of The Community
Learn More...
Canada
3896 Posts
Posted 09/11/2008   11:58 am  Show Profile Bookmark this reply Add Dianne Earl to your friends list  Get a Link to this Reply
I normally Don't pay much attention to what stamps re worth but would'nt it be grand to find a treasure in a boxlot.

I'm gettting the eBay itch again someone stop me quick.

Dianne
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Don't grumble that the roses have thorns, be thankful that the thorns have roses
Pillar Of The Community
United States
914 Posts
Posted 09/11/2008   4:44 pm  Show Profile Bookmark this reply Add rlorenz to your friends list  Get a Link to this Reply
T360,
Maybe this will shed some light on the 4 cent Colombian issue: I was reading in "Rare Stamps" written by L.N. and M. Williams published in 1967. The 4 cent Colombian was normally printed in ultramarine, but a few copies have been found in deep blue the color of the 1 cent. Whether this is a true error of color or a color trial issued by mistake is unknown. Both used and unused copies exist. The book states the in unused condition they are specially valuable. I wonder if the stamp that went for 60k plus may have been one of the stamps with the deep blue color
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rick l
APS# 214326, I.S.G.C.# 979
Valued Member
USA
78 Posts
Posted 09/13/2008   6:39 pm  Show Profile Bookmark this reply Add atlashealth to your friends list  Get a Link to this Reply
Now that stamps are being expertized by TPG services, they are commanding higher prices like coins have been...get on board and enjoy the ride!!
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