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Schuyler J. Rumsey Philatelic Auctions Sale: 95

United States Stamps and Covers
Revenue Issues

image Sale No: 95
Lot No:4256
Symbol:
Cat No:R4a

Revenue, 1862, First Issue, 1¢ Telegraph, imperf. Horizontal pair, neat 1863 manuscript cancels, large beautifully balanced margins, strong bright color, an Extremely Fine gem, with 2020 P.S.E. certificate Graded (XF 90).
Scott No. R4a; $2,750.

CERTAINLY ONE, IF NOT THE FINEST KNOWN PAIR OF THE 1862 1¢ TELEGRAPH IMPERFORATE ISSUE.

It is believed that only seven pairs and a a strip of three are the only multiples known of this imperforate issue.
Scott $2,750
(Image)

Scott $2,750



Opening US$ 2,100.00
Sold...US$ 2,100.00


Closed..Dec-18-2020, 17:15:50 EST
Sold For 2100

image Sale No: 95
Lot No:4257
Symbol:
Cat No:R10b

Revenue, 1862, First Issue, 2¢ Express, orange, part perf. Neat manuscript cancel, choice centering amid nicely balanced margins, strong brilliant color, Very Fine and choice, with 2020 P.S.E. certificate.
Scott No. R10b; $3,250.

ONE OF THE FINEST EXAMPLES OF THE 1862 2¢ ORANGE EXPRESS PART PERF ISSUE - ONE OF THE RAREST PART-PERF ISSUES WITH ONLY A HANDFUL THAT EXIST. Scott $3,250
(Image)

Scott $3,250



Opening US$ 2,900.00
Sold...US$ 2,900.00


Closed..Dec-18-2020, 17:16:53 EST
Sold For 2900

image Sale No: 95
Lot No:4258
Symbol:
Cat No:R33a

Revenue, 1862, First Issue, 10¢ Certificate, imperf. Left margin single, neat manuscript cancel, large to huge margins, deep rich color on bright paper, Extremely Fine to Superb, an exceptional gem, with 2020 P.S.E. certificate Graded (XF-Sup 95).
Scott No. R33a; $400. Scott $400
(Image)

Scott $400



Opening US$ 400.00
Sold...US$ 400.00


Closed..Dec-18-2020, 17:17:38 EST
Sold For 400

image Sale No: 95
Lot No:4259
Symbol:
Cat No:R34ce

Revenue, 1862, First Issue, 10¢ Contract, ultramarine, perf'd. Tied by "Albert Speyers, New York, Sep 24, 1869" cds on broker memo datelined "New York, Sept 24, 1869" reading "Bought of A.G. Craine & Co., By Albert Speyers, For a/c of James Fisk Jr. and his Associates, $100M ($100,000) Gold at 160 Reg" and signed by broker, reverse with 1862, 10¢ Certificate Revenue (R24c) and notation "For value received we hereby assign all our sight, title and interest in the claim to Mess. Farmer Hatch & Co." signed and dated "A.G. Crane & Co., New York Oct 21, 1869"; couple vertical file folds, Very Fine.
Scott No. R34ce; Estimate $5,000 - 7,500.

A REMARKABLE AND HISTORIC BROKER MEMO FROM THE SEPTEMBER 24TH 1869 GOULD & FISK "BLACK FRIDAY" GOLD SCANDAL.

Two stock manipulators, Jay Gould and Jim Fisk, tried to corner the gold market. They attempted to convince President Grant that the Treasury should not sell gold on the gold exchange. Gould and Fisk spread a rumor to the effect that President Grant agreed. As a result, gold rose from $132 to $163 per ounce. When the price collapsed, many legitimate brokers went under.

Jay Gould and Jim Fisk made their fortunes speculating on railroad stocks. In September 1869, they began buying up all of the available gold on the market with the hope of cornering the market in gold. In order to succeed, they needed the cooperation of the U.S. government. Gould and Fisk, therefore, had to convince some government officials not to sell gold on the market. They met with Grant and tried to convince him that it was in the U.S. interest not to sell gold, he listened and said nothing. Thus they were able to spread a rumor that President Grant also agreed that the government should stop selling gold.

By September 24, 1869, The day that would become known as "Black Friday", the hubbub over gold had reached a fever pitch. Mobs of spectators and reporters gathered near Wall Street, and many of the Gold Room's indebted speculators walked to work like men on their way to the gallows. Gold had closed the previous day at $144 ½, but shortly after trading resumed, it took a tremendous leap to $160. Unaware that the game might soon be up, Fisk continued buying like a madman and bragged that gold would soon top $200.

In Washington, D.C., Ulysses S. Grant resolved to bust Gould and Fisk's corner on the gold market. Shortly before noon, he met with Treasury Secretary George Boutwell, who had been following the chaos via telegraph. After a brief conversation, Grant ordered Boutwell to open his vaults and flood the market. A few minutes later, Boutwell wired New York and announced the Treasury would sell a whopping $4 million in gold the following day. The price of gold collapsed, and so did the Gould-Fisk scheme. However, all of the legitimate brokers collapsed as well.
Est. $5,000-7,500 (Image)

Est. $5,000-7,500



Opening US$ 3,000.00


Closed..Dec-18-2020, 09:00:00 EST
Sold For 0

image Sale No: 95
Lot No:4260
Symbol:
Cat No:R37a

Revenue, 1862, First Issue, 10¢ Power of Attorney, imperf. Neat manuscript cancel, large to huge margins, rich deep color, Extremely Fine to Superb, a stunning gem, with 2019 P.F. 2020 P.S.E. certificates, the latter Graded (XF-Sup 95).
Scott No. R37a; $1,000. Scott $1,000
(Image)

Scott $1,000



Opening US$ 850.00
Sold...US$ 850.00


Closed..Dec-18-2020, 17:18:40 EST
Sold For 850

image Sale No: 95
Lot No:4261
Symbol:
Cat No:R100a

Revenue, 1863, First Issue, $25 Mortgage, imperf. Neat manuscript cancel, large margins all around, rich vivid color, Extremely Fine and choice, with 2020 P.S.E. certificate Graded (XF 90).
Scott No. R100a; $2,700.

A EXTRAORDINARY EXAMPLE OF THE IMPERFORATE $25.00 MORTGAGE FIRST ISSUE REVENUE STAMP. Scott $2,700
(Image)

Scott $2,700



Opening US$ 2,400.00
Sold...US$ 2,400.00


Closed..Dec-18-2020, 17:19:55 EST
Sold For 2400

image Sale No: 95
Lot No:4262
Symbol:
Cat No:R102a

Revenue, 1864, First Issue, $200 U.S. Internal Revenue, imperf. Large even margins, deep, fresh colors, neat manuscript cancel, an Extremely Fine gem, with 2014 & 2020 P.F. certificates.
Scott No. R102a; $2,500.

ONE OF THE FINEST EXAMPLES OF THIS STAMP WE HAVE EVER OFFERED. THIS STAMP IS RARELY FOUND IN THIS CHOICE CONDITION. Scott $2,500
(Image)

Scott $2,500



Opening US$ 4,250.00
Sold...US$ 4,250.00


Closed..Dec-18-2020, 17:23:03 EST
Sold For 4250

image Sale No: 95
Lot No:4263
Symbol:
Cat No:R115b

Documentary, 1871, Second Issue, 50¢ blue & black, center inverted. Without gum, marvelously centered amid large beautifully balanced margins, rich colors on bright fresh paper, an Extremely Fine gem, with 2008 P.S.E. certificate.
Scott No. R115b; $1,050 for used.

WITHOUT QUESTION - ONE OF THE FINEST EXAMPLES OF THE 1871, 50¢ U.S. INTERNAL REVENUE ISSUE IN EXISTENCE - IN EITHER MINT OR USED CONDITION. Scott $1,050 for used
(Image)

Scott $1,050 for used



Opening US$ 1,600.00
Sold...US$ 1,600.00


Closed..Dec-18-2020, 17:24:58 EST
Sold For 1600

image Sale No: 95
Lot No:4264
Symbol:
Cat No:R132

Documentary, 1871, Second Issue, $200 red, blue & black. Neat light manuscript cancel, choice centering, rich colors; thin and a couple corner creases, otherwise Extremely Fine, with 2020 P.S.E. certificate.
Scott No. R132; $8,500.

A BEAUTIFUL EXAMPLE OF THE $200.00 "SMALL PERSIAN RUG" ISSUE.

Both the Small and Large "Persian Rug" stamps were printed in sheets of one. Because of their size and the fact that they were used on documents, they are frequently found with faults.
Scott $8,500
(Image)

Scott $8,500



Opening US$ 2,900.00
Sold...US$ 2,900.00


Closed..Dec-18-2020, 17:26:07 EST
Sold For 2900

image Sale No: 95
Lot No:4265
Symbol:
Cat No:R133

Documentary, 1871, Second Issue, $500 "Persian Rug". Neat 1872 manuscript cancel, well centered with full perforation teeth around, colors rich and vibrant, Very Fine, an extremely rare sound example, Scott catalog value for small faults or light circular cut cancel, with 1995 and 2002 P.F. certificates.
Scott No. R133; $16,500.

A WONDERFUL EXAMPLE OF THE $500 LARGE PERSIAN RUG ISSUE, ONE OF THE FEW COMPLETELY SOUND EXAMPLES IN EXISTENCE.

Only 210 were issued, and it is safe to say that most examples are faulty to some degree with only a small handful in completely sound condition. The Kingsley census records only 76 surviving copies, and a handful are known outside of the census.
Scott $16,500
(Image)

Scott $16,500



Opening US$ 19,000.00
Sold...US$ 19,000.00


Closed..Dec-18-2020, 17:27:51 EST
Sold For 19000

image Sale No: 95
Lot No:4266
Symbol:
Cat No:R150

Documentary, 1872, Third Issue, $20 orange & black. Red manuscript cancel, beautifully centered with well balanced margins, strong color, Extremely Fine and choice, an attractive color cancellation high value.
Scott No. R150; $900.

A VERY RARE STAMP IN THIS CHOICE SOUND CONDITION. Scott $900
(Image)

Scott $900



Opening US$ 850.00
Sold...US$ 850.00


Closed..Dec-18-2020, 17:28:38 EST
Sold For 850

image Sale No: 95
Lot No:4267
Symbol:
Cat No:R156

Documentary, 1898, "I.R." provisional, 8¢ violet brown. Clear purple overprint, intense shade, neat "M.M. L.I.C., 7/12/98" manuscript cancellation (Michigan Mutual Life Insurance Co.), F.-V.F., with 2001 P.F. certificate.
Scott No. R156; $5,250.

Congress approved the War Revenue Law of 1898 to meet the increased demands for Federal revenue during the Spanish-American War. The law was to become effective on July 1, 1898, leaving only seventeen days before the new stamps were needed. The Bureau of Engraving and Printing had already started work on the dies, rolls and plates in anticipation of its passage, but they were still unable to issue stamps when the law went into effect. The provisional overprints were a result.
Scott $5,250
(Image)

Scott $5,250



Opening US$ 4,750.00


Closed..Dec-18-2020, 09:00:00 EST
Sold For 0

image Sale No: 95
Lot No:4268
Symbol:
Cat No:R309

Documentary, 1940, $500 carmine. Neat manuscript cancel, perfectly centered within beautifully balanced margins, rich radiant color, Extremely Fine to Superb, likely the finest example of the few known, with 2017 P.S.E. for strip and 2020 P.S.E. certificates, the latter Graded (XF-Sup 95).
Scott No. R309; $5,000.

WITHOUT QUESTION - ONE OF THE FINEST EXAMPLES OF THE 1940 $500 DOCUMENTARY ISSUE, WITH ONLY TEN EXAMPLES RECORDED. Scott $5,000
(Image)

Scott $5,000



Opening US$ 4,500.00


Closed..Dec-18-2020, 09:00:00 EST
Sold For 0

image Sale No: 95
Lot No:4269
Symbol:
Cat No:R687

Documentary, 1954, $10,000 carmine. Straight line "Cancelled" and "Apr 22, 1954" handstamp cancels, deep rich color, Very Fine and choice, seldom encountered without a cut cancellation and in sound condition, ex-Scarsdale, Inman, with 2002 P.F. certificate.
Scott No. R687; $2,250.

ONE OF THE FINEST EXAMPLES OF THE "SERIES 1954" $10,000 DOCUMENTARY ISSUE. A SEARCH OF OUR AND SIEGEL'S COMPUTERIZED RECORDS SHOWS THAT THIS IS THE ONLY EXAMPLE WITHOUT A CUT CANCELLATION. Scott $2,250
(Image)

Scott $2,250



Opening US$ 1,900.00
Sold...US$ 1,900.00


Closed..Dec-18-2020, 17:30:10 EST
Sold For 1900

image Sale No: 95
Lot No:4270
Symbol:
Cat No:RB3b

Proprietary, 1874, 3¢ green & black, green paper. Top margin block of 12 with imprint, o.g., never hinged, fresh with rich bold colors, choice centering throughout, Extremely Fine, the Curtis census lists only two other top imprint multiples.
Scott No. RB3b; Estimate $2,000 - 3,000.

THE FINEST KNOWN TOP IMPRINT BLOCK OF THE 1874 3¢ PROPRIETARY ON GREEN PAPER IN NEVER HINGED CONDITION. Est. $2,000-3,000 (Image)

Est. $2,000-3,000



Opening US$ 1,450.00
Sold...US$ 1,450.00


Closed..Dec-18-2020, 17:31:09 EST
Sold For 1450

image Sale No: 95
Lot No:4271
Symbol:
Cat No:RB9a

Proprietary, 1873, $1 green & black, violet paper. Full strike of purple "J.M. Huntington & Co." oval date stamp cancel, wide margins, rich colors and full intact full perforations all around, Very Fine, with 1990 and 2016 P.S.E. certificates.
Scott No. RB9a; $3,500.

A CHOICE SOUND EXAMPLE OF THE 1873 $1 PROPRIETARY ISSUE ON VIOLET PAPER - ONE OF THE FEW SOUND EXAMPLES OF THE 340 THAT WERE ISSUED. Scott $3,500
(Image)

Scott $3,500



Opening US$ 3,750.00
Sold...US$ 3,750.00


Closed..Dec-18-2020, 17:32:07 EST
Sold For 3750

image Sale No: 95
Lot No:4272
Symbol:
Cat No:RB10a

Proprietary, 1873, $5 green & black, violet paper. Neat manuscript cancel, choice centering with full intact perforations all around, stunning rich colors and detailed impressions, Very Fine and choice, a truly exceptional sound Proprietary high value as virtually all known example bearing flaws, Scott catalog value for example with small faults, with 2003 P.S.E. certificate.
Scott No. RB10a; $11,000.

A MAGNIFICENT EXAMPLE OF THE 1873, $5 PROPRIETARY ISSUE ON VIOLET PAPER - A GREAT REVENUE RARITY WITH ONLY THREE SOUND EXAMPLES RECORDED. Scott $11,000
(Image)

Scott $11,000



Opening US$ 13,000.00
Sold...US$ 13,000.00


Closed..Dec-18-2020, 17:33:22 EST
Sold For 13000

image Sale No: 95
Lot No:4273
Symbol:
Cat No:RD62

Stock Transfer, 1940, $50 olive green. Neat purple boxed handstamp cancel, rich vibrant color, attractive margins and centering, Extremely Fine.
Scott No. RD62; $2,500.

A RARE SOUND EXAMPLE OF THE 1940 $50 STOCK TRANSFER ISSUE IN EXCEPTIONAL CONDITION. Scott $2,500
(Image)

Scott $2,500



Opening US$ 2,000.00


Closed..Dec-18-2020, 09:00:00 EST
Sold For 0

image Sale No: 95
Lot No:4274
Symbol:
Cat No:RD65

Stock Transfer, 1940, $500 blue. Neat bar and date stamp cancels, wonderful deep rich color, beautifully centered amid wide margins, Extremely Fine and choice, with 2020 P.S.E. certificate.
Scott No. RD65; $4,250.

A MARVELOUS GEM EXAMPLE OF THE 1940 $500 STOCK TRANSFER ISSUE. Scott $4,250
(Image)

Scott $4,250



Opening US$ 2,700.00
Sold...US$ 2,700.00


Closed..Dec-18-2020, 17:34:23 EST
Sold For 2700
image Sale No: 95
Lot No:4275
Symbol:
Cat No:RD66

Stock Transfer, 1940, $1,000 orange. Magenta date stamp and cut cancels, strong vivid color; small corner crease at top right, otherwise Very Fine.
Scott No. RD66; $5,000 for cut cancel.

This rare issue is not known to exist without cut cancels or perfin cancels.
Scott $5,000 for cut cancel
(Image)

Scott $5,000 for cut cancel



Opening US$ 3,000.00


Closed..Dec-18-2020, 09:00:00 EST
Sold For 0


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