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Why Is The US 1902 Franklin 1c Re-Entry Worth So Little?

 
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Posted 07/23/2020   11:44 am  Show Profile Bookmark this topic Add souldjer777 to your friends list Get a Link to this Message
Good Morning,

I found a US 1902 Benjamin Franklin 1 cent stamp with a re-entry. When I went to look up it's value I was shocked that it was only one dollar. Was this stamp overly produced with re-entries? Why is this stamp worth so little with a re-entry?

Thanks

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United States
853 Posts
Posted 07/23/2020   2:24 pm  Show Profile Bookmark this reply Add jleb1979 to your friends list  Get a Link to this Reply
Your surmise is correct.

According to Johl, V.1 "There are many shifted transfers of this stamp which, having been entered from bottom to top, show the added lines doubled down-ward in the lower part of the design ..."
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Posted 07/23/2020   2:26 pm  Show Profile Bookmark this reply Add littleriverphil to your friends list  Get a Link to this Reply

Quote:
Why is this stamp worth so little with a re-entry?

Nice DT. Catalogs at 4 times the normal stamp.
As there were 11 billion copies issued, there where 17 plates of 400 entries each used. 6800 positions. There are many double transfers in this issues, so many that Max Johl only mentions a few in Stamps of the 20th Century, Vol 1 page 39 of the book (page 46 of the PDF below) He also talks about the two relief breaks on this stamp.

http://stampsmarter.com/learning/do...oadJohl1.php
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Edited by littleriverphil - 07/23/2020 2:31 pm
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United States
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Posted 07/24/2020   08:17 am  Show Profile Bookmark this reply Add wtcrowe to your friends list  Get a Link to this Reply
French in his work Encyclopedia of Plate Varieties on U. S. Bureau Printed Postage Stamps has two+ pages devoted to different shifts, etc found on Scott 300.
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Bedrock Of The Community
United States
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Posted 07/24/2020   09:25 am  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
Catalog values for 95% of all double transfers haven't changed in decades. Only a small number of them actually catalog any real amount, usually the largest examples (although not always). Since they don't cat much, few actually look for them and prices don't change. On the other hand, when they are marked and dealers find them, they frequently ask prices all out of proportion to the catalog values. While #300 has a large number of DT's, many are quite scarce and can take years to find if one actively collects them, as I do. But if one loves the hunt, it's a great area to collect.
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Posted 07/24/2020   12:01 pm  Show Profile Check 3193zd's eBay Listings Bookmark this reply Add 3193zd to your friends list  Get a Link to this Reply
So I don't worry about catalog value. I list it say for $9.99 and say best offer. Almost all these types sell quickly online and for more than catalog.
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Michael Darabaris
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Posted 07/24/2020   12:21 pm  Show Profile Bookmark this reply Add stallzer to your friends list  Get a Link to this Reply
Has anyone lately found French's book for sale anywhere?
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Posted 07/24/2020   2:38 pm  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
Difficult book to obtain.
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Posted 07/24/2020   7:15 pm  Show Profile Bookmark this reply Add rismoney to your friends list  Get a Link to this Reply
I have a source for this if anyone is interested. I think it's $75 shipped.
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Posted 07/24/2020   9:00 pm  Show Profile Bookmark this reply Add stallzer to your friends list  Get a Link to this Reply
Please let me know, very interested.
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Australia
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Posted 07/26/2020   04:31 am  Show Profile Bookmark this reply Add Jad to your friends list  Get a Link to this Reply
Perfect !

A couple of years ago I found these two & put them aside waiting for a thread to pop up that I could add them to. I placed a note next to each to remind me of the area of difference, on one of those I put "relief brake under 2 top right",.. so I must have searched somewhere at the time but not sure what I found really ;) So hope you like them & input welcome, thanks.




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Posted 07/26/2020   08:27 am  Show Profile Bookmark this reply Add littleriverphil to your friends list  Get a Link to this Reply

Quote:
"relief brake under 2 top right",.. so I must have searched somewhere at the time but not sure what I found really


See the link in my post above, Johl writes about the relief breaks.

Loran C. French also shows a drawing of the "Two Dot" relief breaks on page 32 of his Encyclopedia, shown here.

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Edited by littleriverphil - 07/26/2020 08:45 am
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Posted 07/26/2020   7:15 pm  Show Profile Bookmark this reply Add Jad to your friends list  Get a Link to this Reply
Thank you very much littleriverphil,
I did try your link (& again now), but it just puts me back in this thread, probably my old system here ;)
I can see why stallzer is keen to have a copy of this book.
Does Scott list a separate number for this as I only have the std. cat. I'll print your scan to put with the stamp too.
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Posted 07/26/2020   7:52 pm  Show Profile Bookmark this reply Add littleriverphil to your friends list  Get a Link to this Reply
It's a link to a PDF on Stamp Smarter. When I click the link, it downloads the pdf, check your recent downloads. You'll probably find a couple.
The above is a crop of a phone pic of that part of page 32 which is a copy of The Shift Hunter letter for Feb 1935 Vol VII No2

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Edited by littleriverphil - 07/26/2020 8:19 pm
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