Would You Pay This For A C19?

https://stampauctionnetwork.com//Y/y116277.cfm

Lot 652. Since there were only 302,205,100 issued there can't possibly be any more 100 grades out there, right?

...but perhaps a bit of bargain given they were able to sell a 98 for $4000 last November!

No.

Peter

Maybe less than we might think. Being a rotary press stamp, relatively common as it is, whatever we think as well-centered NH is pretty elusive for this.

How many previously unknown NH accumulations with C19 are yet to be found? NH stamps came out of that and dealer stocks when the NH bug kicked in.

T'ain't "mathematically perfect" to me, but it's good hype that fills catalog space. Note whoever wrote this up only used "extremely fine", so that person wasn't exactly impressed, unless "superb" is forbidden by Siegel's.

If I had $3750 to throw around (plus 10% premium?), I'd do it "old school", buy a painting I liked at auction and hang it on the wall. Here, you put the stamp in an album or safe deposit box and frame the certificate and hang it on the wall(?)

Hey, as I was watching Siegel this afternoon, a used parcel post jumbo cataloguing $1.75 sold for $1,400 + juice, putting it at roughly 1000x cat. Granted, it was a gorgeous stamp, but not THAT gorgeous.

Dan, did you get the 1898 document collection lot?

No, I never even got a chance to bid on 805-808 as the prices went beyond my max quickly. I didn't even consider the big carton lot as that was beyond my means based on the estimate. The prices on the 1898 material were very strong.

The 1st-day document lot was one I really wanted, but at almost $2K after juice (assuming I would have even won it at the next incremenent), that would have put the cost at ~$100 per document, which was just too much for me for a bulk lot, especially in light of a few recent large purchases (posts forthcoming). The 1898 era is of interest to me, but not as much as 1st-3rd issue.

Would have been fun though.

Complete joke IMHO.

I thought the first day lot overvalued. I still think someone paid too much for it. The collection lot is another story, I thought that went on the cheap side. I viewed that lot and estimated about $22,000 retail. Since I will not be going to the APS show I can't ask Denny Peoples if he won it.

I collect postally used US stamps. I haven't seen any graded used stamps.

I saw the price realized on that C19 this afternoon and thought it was a mistake.
Guess not.
I bid on 6 lots yesterday in Siegel sale. Didn't come close to winning.
Maybe a hint that prices are turning back up for US stamps. Unfortunately when there are lots of bidders I never seem to win anything

Prices for premium items has always been strong, I just didn't realize it was this strong.

I have always wanted to send this one in for grading but still fear it would come back as a 70

Probably be an 85, off on two sides. Still a pretty nice stamp.

A C19 NH in a grade higher than 90 is extremely difficult to come by, as hy-brasil says. Not many have been found in over 15 years of the grading era; perhaps more will be discovered in the future. Go to any regional or national stamp show; every dealer in U.S. who is there will probably have some C19s but undoubtedly none of them will be well-centered. Graded stamp price guides, dealer prices, and auction realizations reflect this understanding of the supply and demand for this stamp in the higher grades. The realization for this C19 today is neither a joke or a mistake.

https://stampauctionnetwork.com/y/y116290.cfm

Lot 756 is the one I mentioned above. I love me some jumbos, but not at that premium...

Probably a one-of-a-kind stamp though.

Any stamp with a 300 million issue will have at least several hundred this nice. Fifteen years is not so terribly long to be looking for super well centered examples of an essentially common stamp, most people don't really care about having a graded example of it. I also suspect that the people who do care just wait for one in an auction and don't spend hours at a time looking for one.