Yes, it is a fancy cancel. Sub type is a New York Foreign Mail cancel. This cancel is relatively common on denominations 6¢ and higher and scarce on 1¢ values. 6¢ was the rate for a letter to England during the period of usage of the cancel.
This exhibit was put together with the help of Richard Frajola. Here is a link to the exhibit in a downloadable PDF format http://www.rfrajola.com/nick/Nick.htm
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