Two That Got Away...

Two lots that I bid on this past weekend that I got completely blown out of the water on. Both went considerably higher than I expected.

Scott R194 $50 on 1900 stock entittlement, Atlantic, Valdosta & Western Rwy. SCV = $1,250.

Sold for $1,320 including 10% buyer premium. The certificate is dated 1900, but the stamp wasn't issued intil 1902. So either (1) the tax was paid retroactively, (2) there was a stock transfer or other transaction, or (3) this stamp did not originate on this document, hence my not bidding as high as I might have... wouldn't have mattered.





And the one I REALLY wish I could have gotten, but I wasn't even in the ballpark:

R189 $50 B/4, 2 pairs & single (9 F-VF stamps) on back of 1900 stock, Iowa Central & Western Rwy, v/train. SCV = $5,625.

Sold for $6,325 including 10% buyer's premium. Just gorgeous, and almost impossible to find on document, let alone in multiples like this. Great cancels too! Once in a lifetime piece, IMO.

Revenuecollector, you described the R189 as "R189 $50 B/4, 2 pairs & single (9 F-VF stamps)". Perhaps you are correct, but I only see one block of 8 and then a single. Correct me if I'm wrong.

Both items very attractive, especially the R189 item.

Better luck next time.

Cheers

Dave

The way the top document is written, I don't believe that any tax was due until it was actually exchanged for the shares he was entitled to possess, so a 1902 issue might have been used for that reason. Both documents are very scarce usages, neither of these $50 values are all that common at all. No surprise that they both went very high.

Stampmaster, the descriptions are verbatim from the catalog. The R189 is described as a block of 4, 2 pairs, and a single based upon their examination, rather than a block of 8 and a single. Presumably there is enough separation visible that they did not want to mislead.

The bottom pair might be separated from the rest, tough to tell this way.

So sorry, guess I misunderstood your post, I assumed you were at the auction in person.

Sorry.

Dave

Which auction house was this sale?

H.J.W Daugherty.

Guess I wasn't paying attention! I bid on some items in that sale, but I can't find the prices realized.
Where did you find the PR?

I emailed them and asked.