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

12966

HB-unl Reed-JG1057 10¢ J. Gault 1857 Stamp About

Currency:USD Category:Coins & Paper Money Start Price:2,500.00 USD Estimated At:5,000.00 - 8,700.00 USD
HB-unl Reed-JG1057 10¢ J. Gault 1857 Stamp About
<B>HB-unl Reed-JG1057 10¢ J. Gault 1857 Stamp About New.</B></I><BR> This piece was previously Lot 1489 from Kagin's February 1988 sale. It is pictured on page 74 of Fred Reed's <I>Civil War Encased Stamps - The Issuers and Their Times</B></I>. Without a doubt, this is a genuine Scovill-Gault production piece, although why it was produced is an unanswered question. The stamp used was in use from August 1859 until demonetized in August 1861. It was demonetized at the start of the Civil War for the purpose of rendering the stamps that remained in the seceded states valueless. It's certainly possible that since Five and Ten Cent J. Gault pieces were the earliest produced, this was a sample or trial piece made with any handy stamp. In spite of the stamp's being valueless, the piece clearly spent at least a short time in circulation. The case shows the normal minor circulation scratches common to all lightly used examples. The mica has a crack running from the bottom well up into Washington's portrait, and there is a moderately heavy craze at the bottom of the left tab. Whatever its original purpose, it is unquestionably genuine and contemporary. This piece is a significant part of Encased Postage history.<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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