Robert A Siegel held its second sale of the week on Wednesday, with a sale of rare stamps including the philatelic collection of John Thomas.
The 173 lot auction United States Post Offices in China always seemed to have a pair of lots which were likely to rise to the top of the sale: two individual stamps, both unattached though one cancelled, and sporting the famous 1922 $2 on $1 double surcharge.
The error occurred at the US Postal Agency in Shanghai. In the run-up to New Year's Eve 1922 - when the office was scheduled to be closed down - a doubling of the surcharge mark of $2 was applied to a limited number of $1 stamps.
It is believed that the Deputy Postal Agent, Mr E H Murray, knew of the error, but decided that it was not worth complicating his upcoming retirement date over and let it pass into use anyway.
|
In the New York sale, the uncancelled example had the fresher paper and better margins (not so slim on the left), and was offered with an estimate of $8,500 whilst the other was set at $8,000.
In the event, both marginally beat their expectations. The cancelled example was taken away for $8,500 whilst the uncancelled brought $9,500. Another success for Chinese collectibles - though hardly the most spectacular we've seen.
Those interested in collecting and investing in valuable stamps can now look forward to the Bill Gross auction at Spink Shreves.