March 12th, 2020

1c Blue, Ty I is to fetch $150,000 at Siegel auction!

1c Blue, Ty I is to fetch $150,000 at Siegel auction!

Robert A Siegel is to sell “The Edward Morton Collection of Outstanding Quality U.S. Stamps” on April 8-9, 2020. The collection comprises used stamps from 1845 through the 1901 Pan-American Issue. From the 1890 Issue on, there is a parallel representation of stamps in original-gum condition, many Mint Never-Hinged. The star of this sale is 1c Blue, Ty. I that is expected to fetch up to $150,000 and even more!

The 1c 1851 Type I is the rarest of all United States stamps regularly issued prior to the 1868 Grills. The lot offered by Siegel is an extremely rare sound four-margin example of the Type I, which is the only one of the 1,000 positions used to print imperforate one-cent stamps that shows the complete design. This is undoubtedly one of the finest in existence and the only specimen that is cancelled in red.

The auction house described this lot as featuring “huge margins to barely touched at bottom, including large sheet margin at top, with significant parts of adjoining stamps at sides -- both of which are Type Ib (5A) -- enough of adjoining stamps show to see some of their type characteristics, cancelled by neat strike of red grid and matching "Darien (Ga.) Sep. 11" circular datestamp, gorgeous color and impression”.

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