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Sale 68: New York 2016

Table of Contents

1857 Issue

Lot 62    

1858, 5¢ Indian Red, Type I, original gum with some light disturbance, remarkably intense color in the true 1858 Indian Red shade, wonderful deep impression, three wide margins and perfs barely touch at bottom, Very Fine and exceptionally choice; with 2014 P.S.E. Graded certificate (VF 80).
Scott No. 28A    $175,000.

THE FINEST RECORDED SOUND ORIGINAL GUM EXAMPLE OF THE 1858 5¢ INDIAN RED, BY FAR THE HIGHEST GRADED EXAMPLE BY EITHER THE P.F. OR P.S.E. ONE OF ONLY THREE RECORDED MINT EXAMPLES THAT ARE SOUND WITH ANY ORIGINAL GUM.

A search of old auction catalogs and records at the Philatelic Foundation and P.S.E. yields only twelve unused examples of Scott 28A. Of these, only three have any gum whatsoever and completely sound. They are:
1) ex-C.A. Brown, A.T. Seymour, and Whitman where described as large part original gum, realized $130,000 hammer in 2009.
2) ex-"Ambassador", "Argentum" where described as "unused (traces of gum)".
3) the example offered here.

As an indication of value, Robert A. Siegel sold the ex-Caspary Lilly, Hoffman original gum example with light horizontal crease, centered to the top and right, for $207,000 in 2008. The example offered here is sound and with superior centering.

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