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

12923

HB-193 EP-155a Scott- unl. 12¢ North America

Currency:USD Category:Coins & Paper Money Start Price:3,750.00 USD Estimated At:7,500.00 - 13,050.00 USD
HB-193 EP-155a Scott- unl. 12¢ North America
<B>HB-193 EP-88b Scott-unl. Reed-NA05CU 5¢ North America Life Insurance Curved Insurance About New<BR>Numerical grade: 75case.75stamp.75mica. = 225</B></I> Previously Lot 576 from the Stack's June 2004 sale of the Western Collection, this encasement was acquired for that collection on August 13, 1956 from T. James Clarke. This piece never appeared at public auction sale during the 104-year period that Reed surveyed, and he comments in his rarity table that it "doesn't exist." It does. The piece is a solid, problem free example, with a natural two-tone high grade case, an attractive stamp and a clear mica with only minor crazing at the top and bottom. Both the Curved Insurance and Straight Insurance 5¢ North America pieces are excessively rare, and most major collections have no example of this denomination. Mr Mayer's collection is the first to have both. Few truly unique items exist in Encased Postage or most other numismatic pursuits. This is one of those items, and as it is a piece of Encased Postage rather than a mainstream coin or currency item, it will not realize the seven-figure price one would expect. In fact, though possible, it is unlikely to hit five figures.<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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