January 17th, 2017

1869 30¢ Eagle and Shield stamp sold in Cherrystone auction. A great rarity fetched US$83,375

FindYourStampsValue.com is glad to share the latest auction news with our readers. This piece of info concerns a sound used example of the 1869 30¢ Eagle and Shield stamp with flags inverted that was auctioned for US$83,375 in the Jan. 10-11 Cherrystone sale.

The stamp belongs to the 1869 pictorial issue that included ten stamps worth between 1 and 90 cents.

This unique stamp is considered to be one of the rarest of the 1869 inverted-color errors. Fewer than 50 of this iconic invert are known (40 of them used and seven unused), and many are either in museum collections or faulty in some way. Of the seven used examples that are confirmed sound, the one offered by Cherrystone is one of the finest in terms of centering and cancellation. In the design of the 30¢, the draped flags surrounding the Eagle and Shield emblem were hanging up instead of down.

The stamp was hammered down at its opening bid of $72,500, or $83,375 including the 15 percent buyer’s premium charged by Cherrystone on all lots.

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