Comprehensive US stamp collection brings $47,200 in New York

paulfrasercollectibles

2015-06-26 12:50:27

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Comprehensive US stamp collection brings $47,200 in New York

A comprehensive collection of US stamps brought $47,200 to a New York auction in April

A New York stamp sale saw a single lot containing a comprehensive collection of the United States achieve $47,200 in April.

St. Louis Bear stampThe coveted St. Louis Bear

It wasone of the most complete collections ever offered by the auction house, with virtually all of the stamps in unused condition. Beginning with the all-important 1847 issue, the dedicated consignor had amassed a collection that spanned United States postal history up to 1954. The enormous lot held a Scott catalogue value of $260,000, bringing great potential to investors. The collection was noted for its centering, colour and eye appeal, and offered excellent value for bidders who wish to break down the lot and offer the rarer stamps individually. Also featuring in the collections section of the sale was an outstanding set of fancy cancels, which made $10,030. Fancy cancels have enjoyed excellent results at auction recently, with one Kingsessing, PA cancellation achieving a 3400% increase on estimate. Outside of the collections, a bottom margin block of six 1921 stamps from the former French colony of Syria featured among the best-sellers. The post office fresh block, of which only 50 were produced, made $20,060. The top bids for single stamps went to a flawed yet sound example of an 1845 St. Louis Bear. The 5 cent postmasters' provisional is a highly sought-after stamp when in fine condition. This example, featuring tiny paper flaws, brought $11,800 to the auction.

In 2011, the same auction house sold another St. Louis Bear, this time featuring a rather fitting cancellation, for 13,000. Paul Fraser Collectibles has this 1910 British Tyrian Plum stamp, one of 12 known examples, for sale to discerning investors looking to increase the diversity of their portfolio.

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