Quote:
They misidentify it as a 276a imperforate, and only want a mere $2500!
That pair is being offered by Bill Langs, not the British cartel, Carl.
I'm quite sure Langs knows what he has, but he is using the old catalog designation for it. He has not identified it as 276A, but as 276a, for the imperf on stamp paper. The new ID is 276P5, and it cats $1450 for the pair. That Bill chose to price it as nearly double Scott is not surprising for him. He has been a student of essay-proof material long enough to know how rare it is, and he FREQUENTLY prices things up by the moon, where he thinks the prices should be.
In a Siegel search this stamp comes up 8 times for sales going all the way back to 1984. So Langs is banging a rarity drum and pricing it up. However, the last time a pair sold at Siegel was this past April, for the first time since 2010, and that pair realized $650 against $1450 cat. It was in slightly better grade than the pair Langs is offering.
Chances are very good that Bill paid less than $1000 for it.
But he discounts, and will negotiate.
Posted 12/05/2015 10:18 pm
