1864 Goliad, Texas 10c up 175% at Confederate Postmasters' Provisionals sale

paulfrasercollectibles

2015-06-26 13:05:20

.

1864 Goliad, Texas 10c up 175% at Confederate Postmasters' Provisionals sale

An 1864 Goliad, Texas 10c cover was the surprise star turn at the Peter Sharrer collection

An 1864 Goliad, Texas 10c Black on Buff Type II cover has top performed at the Peter Sharrer Collection of Confederate Postmasters' Provisionals.

One of just eight known examples of the stamp, of which only five were used on covers, it had come to the December 10 New York auction with a $40,000 estimate.

Goliad Texas provisionalThe 1864 Goliad, Texas 10c Black on Buff Type II cover was up 175% on estimate

It quickly surpassed that figure, eventually realising $110,000 - a gain of 175% on the valuation.

While its rarity was a key factor, the stamp's large margins were also a major draw for buyers, with a light fold to the envelope and a small missing area of backflap its only detractions.

The result meant that a Livingston, Alabama 1861 5c Blue cover, which had been expected to lead the sale, had to be content with second place, despite, as we predicted, it beating its $60,000 estimate handsomely.

Its superb quality - including full to huge margins and vibrant colour - and great rarity proved irresistible to collectors,the lotselling for $100,000, 66.6% above the valuation.

Of the six known single-franked examples, one is disfigured while the other four are said by the auction house to be attractive but not on a level with "this magnificent cover's quality".

The auction house called it "a striking pictorial stamp that depicts the southern shield and allegorical figures," adding that it is "one of the most outstanding of all confederate covers."

Livingston, Alabama 1861 5c BlueThe Livingston, Alabama 1861 5c Blue cover is one of just six single-franked examples

Its provenance also added to its appeal, having been bought by famed investor and stamp collector Bill Gross in 1999.

Gross sold itto Sharrer for $160,000 in 2009, evidence that even established collectors can pay over the odds for a specimen.

Here at Paul Fraser Collectibles we aim to empower you with knowledge to ensure your stamp investments are always profitable. View our investing in stamps page for more details.

See our investment-grade stamps for sale.

Share on social media
Write a response...





The bookmarklet lets you save things you find to your collections.

Note: Make sure your bookmarks are visible.

COLLECT IT!

Click and drag the Collect It button to your browser's Bookmark Bar.