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The Washington 2 Cent Coil #321

 
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Canada
7 Posts
Posted 05/10/2020   7:31 pm  Show Profile Bookmark this topic Add tbone7777777 to your friends list Get a Link to this Message

Just getting into stamp collecting and have probably a very stupid
question. I realize that the #321 1908 coil is a rare stamp and
in researching the stamp I know there are only 4 know pairs of the
the stamp. But it can't be that scarce if the latest pair just sold
at auction for $805,000 yet a single stamp auctions for around
$7500.00. I have been trying to find how many single stamps are
still in existence but can't find any information pertaining to the
singles. Quite a discrepancy between the pairs and single stamps.
Does anyone know how many of the singles exist. Thanks
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United States
853 Posts
Posted 05/10/2020   8:06 pm  Show Profile Bookmark this reply Add jleb1979 to your friends list  Get a Link to this Reply
According to Siegel , there are four pairs in private hands, and one single other than the one on cover they were selling in 2018 and which realized $260,000.

It is not s stupid question - you are basically asking how rare is "rare." There was just a thread on how meaningless those words are without a real idea of how many were printed or better, a census of surviving examples.

Welcome to the Forum by the way.

- Jonathan
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Edited by jleb1979 - 05/10/2020 8:10 pm
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Posted 05/11/2020   4:08 pm  Show Profile Bookmark this reply Add jleb1979 to your friends list  Get a Link to this Reply
To broaden the inquiry but stay with that same design, there is also the Sc. 322 horizontal coil (perf 12 vertically and not 12 1/2 which is a private perf). The 322 is also rare, but not extremely rare as the 321 and not as costly.

Not quite what I would call a poor man's alternative, but one can have a 322 without taking out a 2nd mortgage. There is one about to go under the hammer at Siegel toward the end of the month. When you use Siegel's PowerSearch you'll see the recent history would suggest a single runs $2K to $ 3K, and a pair will run $3K to $4 K.

I do not see a hint of a census there of surviving 322, but one could probably approach this by searching certificate databases to get a lower bound and thus a bit of an idea. There are a dozen in the last ten years at PSE, which we can search thanks to Don's efforts (see http://www.stampsmarter.com/Learning/PSEView.html). One or two of these might be the same stamp, of course, so one would need to guard against overlap....

Are there perhaps 3 or 4 dozen? Might be a fun project for someone. Although perhaps it's already been done. Anyone into coils know?

[Edited to add that in another Forum thread Russ indicated in 2011 there were 167 certified instances of the 322, most being pairs.]

Since we like images, here is another one that is now offered on Hipstamp.

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Edited by jleb1979 - 05/11/2020 8:13 pm
Valued Member
Canada
7 Posts
Posted 05/11/2020   9:54 pm  Show Profile Bookmark this reply Add tbone7777777 to your friends list  Get a Link to this Reply

Thanks jleb1979 I really appreciate your input. I am going to have to get me
a Scott book for stamp values. From what I understand the #321 is listed at
some $40,000.00 for a single. I also understand that a pair of the #321 is listed
I think at some $75,000.00 or slightly more as a Scott value so I take it that
it is how badly someone in a stamp auction wants to fill out a
collection drives the auction prices. Once again I really appreciate helping me
out. THANKS
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