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Very Scarce Pacific Mail Steamship Co. Item

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Posted 05/17/2015   9:56 pm  Show Profile Bookmark this reply Add southpaw to your friends list  Get a Link to this Reply
Dan - it seems you already have a head start on figuring values of varieties of 1-3rd issue revs. It's probably collectors like you and Bart who have a better handle on the current market for these items. Sorting out these values does take a hands-on approach. Do you think Scott would be up to the task? Why don't those prominent in the revenue field take on a project like this?
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Posted 05/18/2015   8:14 pm  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
Because to a large degree with cancels beauty is in the eyes of the beholder. Many of the scarce to very scarce cancels have generally accepted values already, and the more common ones can have a wide range of values to different people.
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Posted 05/18/2015   9:33 pm  Show Profile Bookmark this reply Add southpaw to your friends list  Get a Link to this Reply
Understood. I've poured through the American Revenuer archive and have downloaded much information. Much has been written about already. I would love to see a "bible" of sorts for first-third issues with a "multiplier" system as Dan suggests applied. I agree something for cancels could get quite complex and so subjective to be unworkable. Although if any of you see potential in a project like this I can lend a hand with design and desktop publishing.
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Posted 05/19/2015   07:41 am  Show Profile Check 1typesetter's eBay Listings Bookmark this reply Add 1typesetter to your friends list  Get a Link to this Reply

Quote:
According to Jay Miller's 1985 TAR article updating Shellabear's work, the straightline cancel COSTA RICA does exist, designated #P-1M. Perhaps a different ship from the one in your link, but with the same name.


At least one "COSTA RICA" exists. It was in Siegel's Sale 937 Lot 327 2007 Rarities of the World: The Henry Tolman II Collection of Pacific Mail Steamship Co. Cancellations on Revenue Stamps. The incomparable collection of scarce to rare PMSS Co. straightlines on a wide variety of First, Second and Third Issue Revenues, arranged by line and name of ship, comprising: Atlantic Line "ARIZONA" (8), "HENRY CHAUNCEY" (12), "OCEAN QUEEN" (13, incl. rare use on 25c Second Issue, reported by Mr. Tolman to be the only known 25c of any line), and "RISING STAR" (17); Shanghai Branch Line "COSTA RICA" (1); Pacific Line "CONSTITUTION" (1), "GOLDEN CITY" (2), "MONTANA" (5), and "SACRAMENTO" (2); China Line "ALASKA" (10), "AMERICA" (6), "CHINA" (4), "COLORADO" (2), "GREAT REPUBLIC" (4), "JAPAN" (11) and "OREGONIAN" (3); also includes a few ancillary items such as stamps with blue PMSS circular datestamps, document and uncancelled check, almost all stamps have small faults but have been chosen for clear strikes (many straightlines struck more than once on each stamp); as is well known to Revenue specialists, the PMSS Co. cancellations are highly prized and generally sell for $75-100 for the more common types to $300-400 for the scarce markings, this offering of 101 examples is unprecedented, but to preserve Mr. Tolman's achievement and give others the opportunity to expand upon it, we are offering the collection intact -- we are also hoping that transoceanic mail specialists will look at this collection in the Rarities sale, whereas they might overlook it in a Revenue stamp sale.

It went for $35,000 on an estimate of $5,000-$7,500.
Link here: http://www.siegelauctions.com/2007/937/937.pdf
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Edited by 1typesetter - 05/19/2015 07:45 am
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Posted 05/19/2015   08:29 am  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
No surprise that it brought such a number, and his insurance cancels did the same. He had remarkable cancel collections in those areas, created over many decades and he was in a position to buy almost anything he wanted. Really it was only Joyce could outbid him when he wanted something.
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Posted 05/19/2015   08:42 am  Show Profile Check revenuecollector's eBay Listings Bookmark this reply Add revenuecollector to your friends list  Get a Link to this Reply
That price is amazing, when you think about it. There must have been two collectors that wanted it badly. $35,000 divided by 101 items in the lot = $346.50 each on average... and some of them were just routine $50-100 examples.

A case where the whole is more than the sum of its parts.
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Posted 05/19/2015   3:14 pm  Show Profile Bookmark this reply Add stampmaster to your friends list  Get a Link to this Reply
I was very lucky last month, was able to obtain a Pacific Mail Steam Ship cancel for a total of $2.99, I was extremely lucky, can't understand why no one else bid on it.

Cheers

Dave
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Posted 05/19/2015   4:29 pm  Show Profile Bookmark this reply Add SPQR to your friends list  Get a Link to this Reply

Quote:
That price is amazing, * * * $35,000 divided by 101 items in the lot = $346.50 each on average

don't forget the 15% buyer's premium - $398.51 each on average
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Posted 05/19/2015   5:56 pm  Show Profile Check revenuecollector's eBay Listings Bookmark this reply Add revenuecollector to your friends list  Get a Link to this Reply
I thought those prices included the BP. If not, that's even crazier.
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Posted 05/19/2015   8:03 pm  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
I don't think they do, but remember there are some unique cancels in that group. If one is serious about collecting PM cancels, this group was a must buy, and the price becomes as much as you can afford and are willing to spend.
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Posted 05/20/2015   11:44 am  Show Profile Bookmark this reply Add stampmaster to your friends list  Get a Link to this Reply
I did it again, another in a long series of senior moments.

I forgot to attach an image of the Pacific Mail Steamship Cancel I got for only $2.99.

As you can see, the condition is not very good, small tear above left figure "1", between the bottom of the eyes and nose there is a crease. Various other small tears or creases, but very small, still impacts the condition.

Also notice opposite the "G" in Exchange, on the bust there appears to be a relief break, very small, but still there.

R68C Great Republic cancel.





Dave
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