LOT Old Heritage Auctions  /  2007 Sept Long Beach, CA Sig Currency #448  / 

12632

HB-002 EP-59a Scott-unl 5¢ Aerated Bread Choice

Currency:USD Category:Coins & Paper Money Start Price:7,500.00 USD Estimated At:15,000.00 - 26,100.00 USD
HB-002 EP-59a Scott-unl 5¢ Aerated Bread Choice
<B>HB-2 EP-59a Scott-unl Reed-AB05 5¢ Aerated Bread Choice Extremely Fine.<BR>Numerical grade: 75case.90stamp.90mica. = 255</B></I> This classic Encased Postage rarity is considered unique by every reference and expert. Fred Reed's census data show four auction appearances, without doubt all this piece. The case is a nice, natural medium tan, problem free save for a minor dark stain at the very bottom. Both the mica and stamp approach perfection. This Five Cent Aerated traces its modern history to the December 3, 1968 sale by stamp dealer Herman Herst Jr. where it was lot 153. It remained from that time until June of 2004 in the Western Collection. It appeared in that sale as Lot 332 and was acquired by Frederick Mayer for the amazingly low price of $8337.50. Auction prices are funny. All of us present at that sale simply knew Mr. Mayer had to have this piece. Mr. Mayer was a great gentleman, and he was well liked by everyone who knew him, the polar opposite of the late owner of the Western Collection. Those who did not know him personally knew Mr. Mayer by reputation, and were well aware that his determination and resources simply meant he was going home with this piece. No one bid. If Mr. Mayer was a grumbling, dislikable old coot, this piece would have set the record for any piece of Encased Postage. It will be interesting to see tonight's result.<BR><I>From The Frederick Mayer Collection</B></I><BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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