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

12904

HB-182 EP-22 Scott-134 1¢ B. F. Miles Choice

Currency:USD Category:Coins & Paper Money Start Price:20,000.00 USD Estimated At:40,000.00 - 69,600.00 USD
HB-182 EP-22 Scott-134 1¢ B. F. Miles Choice
<B>HB-182 EP-22 Scott-134 Reed-MI01 1¢ B. F. Miles Choice About New.<BR>Numerical grade: 85case.90stamp.80mica. = 255</B></I> Miles is considered by many to be the rarest of the Encased Postage issuers. This cataloger feels that Claflin has a very small edge in that department, but Miles is indisputably extremely rare. This One Cent denomination had always been considered unique. In Stack's June 2004 sale, where Mr. Mayer obtained this piece, the cataloger mentions that "a second has been claimed." Fred Reed also states "2 known" in his book. This cataloger has not seen the second piece and is unaware of its whereabouts. Whether unique or one of two, this is an incredibly important piece, as well as one of the finest condition pieces in this collection. Mr. Mayer paid just over $25,000 at the June '04 auction for this piece, and he was justifiably proud of having it in his collection. The case is a high-end About New, with lovely gold and olive brown toning. The stamp is well-centered and 100% fully fresh, and the mica is crystal clear, with just a single meaningless crack at the upper left edge behind Franklin's head. One of the most significant items in this best-ever-formed collection.<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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