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The Dr. William A. Litle Collection of United States Encased Postage continued...

John Gault
Lot Sym. Lot Description  
245   ImageJ. Gault, New York N.Y., 1c Blue, Ribbed Frame (EP93a). Stamp with bright color and nicely placed in the case to show the denomination, clear ribbing, with significant amount of original silvering, mica fresh and intact except for one small area of crazing at lower left

VERY FINE AND CHOICE. GAULT'S ONE-CENT WITH RIBBED FRAME IS A PHENOMENAL RARITY -- NONE WAS OFFERED IN THE LILLY OR FORD SALES.

Hopes for a quick resolution of the Civil War were dashed by a series of Union defeats during the first year of war. The increasing likelihood of a protracted conflict created fear in the financial markets, and the exchange value of currency notes for specie began to drastically decline. In response to speculation and hoarding, all forms of coins -- silver, gold and even copper-nickel -- disappeared from circulation, making transactions of one or two dollars difficult. Postage stamps, with a face value good for a government service, filled the void. On July 17, 1862, Congress authorized the Secretary of the Treasury to furnish postage stamps for use as currency in transactions of less than five dollars (postage currency). The vague language of this emergency act led to an explosion in public demand for stamps. Fearing a shortage of stamps for mail, Postmaster General Blair ordered post offices to restrict sales to "normal levels."

The use of stamps as currency was impractical, because the paper and gum made handling difficult. Postage envelopes were printed to hold stamps, but these paper envelopes were also problematic. John Gault, seeing opportunity, filed his patent for a "Postage Stamp Case" on July 24, 1862. A few weeks later, on August 12, he was granted patent No. 1627. Gault's "New Metallic Currency" was promoted through Horace Greeley's Tribune and other newspapers, and they soon became not only a form of currency, but an advertising medium for merchants, hotels and other businesses.

Gault's Boston office was located at 5 Water Street. By the summer of 1862 he had already rented an office in New York City at 1 Park Place, an address familiar to stamp collectors as the location of Boyd's local post. Gault formed a partnership with Joseph Kirkpatrick, an express operator and business associate of William V. Barkalow, who was Gault's partner in the munitions business early in the war. The encasements were made at the Scovill Manufacturing Company, a button and token manufacturer located in Waterbury, Connecticut. Gault's own encasements were the first he manufactured, and some examples still retain the silvering that was applied to his early products.

The Reed book estimates that between two and four examples of this early Gault encasement are known. However, none was contained in the Lilly, Perl, Dunham or Ford collections, which indicates it may be even rarer than Reed's estimate.

Ex Mayer. (Image)

Search for comparables at SiegelAuctions.com

 E. 7,500-10,000

SOLD for $5,750.00
Will close during Public Auction
246   ImageJ. Gault, New York N.Y., 5c Red Brown, Plain Frame (EP96). Fresh stamp color, case is an attractive bright color, mica with minor lamination, fresh and Extremely Fine (Image)

Search for comparables at SiegelAuctions.com

 350.00

SOLD for $375.00
Will close during Public Auction
247   ImageJ. Gault, New York N.Y., 5c Red Brown, Ribbed Frame (EP96a). Stamp is a somewhat lighter shade, denomination fully visible, lovely light golden brown case, clear ribbing, mica with some slight lamination, Very Fine, ex Ford (Image)

Search for comparables at SiegelAuctions.com

 600.00

SOLD for $450.00
Will close during Public Auction
248   ImageJ. Gault, New York N.Y., 10c Green, Plain Frame (EP97). Stamp with bright color and well-placed so denomination is clearly visible, mica with minor lamination, Very Fine, ex Ford (Image)

Search for comparables at SiegelAuctions.com

 750.00

SOLD for $450.00
Will close during Public Auction
249   ImageJ. Gault, New York N.Y., 10c Green, Plain Frame (EP97). Stamp with deep rich color, light crease, mica with some lamination, still Very Fine (Image)

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 750.00

SOLD for $425.00
Will close during Public Auction
250   ImageJ. Gault, New York N.Y., 10c Green, Ribbed Frame (EP97a). Stamp with rich color and small internal tear at right, light golden brown case, Very Fine, ex Mayer (Image)

Search for comparables at SiegelAuctions.com

 650.00

SOLD for $450.00
Will close during Public Auction
251   ImageJ. Gault, New York N.Y., 12c Black, Plain Frame (EP98). Stamp attractively placed in frame to show centered denomination, case has light golden color, mica with some slight crazing and other small flaws, still Very Fine (Image)

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 900.00

SOLD for $700.00
Will close during Public Auction
252   ImageJ. Gault, New York N.Y., 24c Violet, Plain Frame (EP99). Stamp with grayish violet color, case is an even honey brown color, mica with one or two tiny spots of crazing at edges

EXTREMELY FINE. A CHOICE EXAMPLE OF THE 24-CENT GAULT ENCASED POSTAGE STAMP.

Ex Ford. (Image)

Search for comparables at SiegelAuctions.com

 1,850.00

SOLD for $2,000.00
Will close during Public Auction
253   ImageJ. Gault, New York N.Y., 24c Violet, Plain Frame (EP99). Stamp with rich purplish color, golden brown case, mica with slight crazing and lamination

EXTREMELY FINE. A BEAUTIFUL EXAMPLE OF THE 24-CENT GAULT ENCASEMENT. THE STAMP HAS UNUSUALLY VIBRANT COLOR FOR THIS DENOMINATION.

Ex Ford (Image)

Search for comparables at SiegelAuctions.com

 1,850.00

SOLD for $1,600.00
Will close during Public Auction
254   ImageJ. Gault, New York N.Y., 24c Violet, Ribbed Frame (EP99a). Stamp with grayish violet color, perfectly placed to show the denomination, case is darkly toned, mica intact but slightly cloudy

VERY FINE. A CHOICE EXAMPLE OF THE 24-CENT GAULT ENCASEMENT WITH RIBBED FRAME. VERY FEW ARE KNOWN.

The Ford sale catalogue (Stack's 6/23/2004, lot 509) states that there are probably fewer than five or six of the 24c Ribbed Frame known.

Ex Ford. (Image)

Search for comparables at SiegelAuctions.com

 2,750.00

SOLD for $2,000.00
Will close during Public Auction
255   ImageJ. Gault, New York N.Y., 30c Orange, Plain Frame (EP100). Stamp with much better color than usually seen, well-placed with denomination clearly visible, case lightly cleaned but still has natural olive color, mica with tiny craze at lower left below tab

VERY FINE. A REMARKABLY ATTRACTIVE EXAMPLE OF THE GAULT 30-CENT ENCASEMENT.

Ex Mayer. (Image)

Search for comparables at SiegelAuctions.com

 2,750.00

SOLD for $2,400.00
Will close during Public Auction

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