On 29th March, Kagin’s Auctions of Tiburon, Calif. will be offering encased stamps during ANA’s National Money Show in Pittsburgh, Pa. During the Civil War, people started hoarding coins due to economic crisis, which led to shortage of currency. To resolve this issue, the government started monetizing postage stamps in 1862.
Almost 750,000 encased postage stamps were sold, but experts believe that only 3,500 to 7,000 numbers of such stamps exist today. The encased postage was created using eight stamps of the 1861 issue. They were protected in mica and clad in brass. The reverse side was used for commercial advertising. By analysing these elements, the scarcity of these pieces can be identified.
Out of the 38 lots that are being offered at the auction, one of the highlights is the 5¢ Thomas Jefferson-Drink Sands’ Ale encased postage. It has been graded as very fine to extremely fine by the auction house. Apart from a minute flaw at the right cheek of Jefferson image, the detailing is great and the colours are rich. The case is also in good condition and some of the silver letterings are still visible. The stamp has a listed market value of $3,750, but it’s difficult to value them accurately. It is currently being offered for an estimated value of $3,000 to $5,000.
A 10¢ George Washington-Mendum’s Family Wine Emporium with ribbed frame is another offering. Only two such examples exist today and it was sold for $8,625 during its previous sale. This time, it’s being offered at an estimated value of $4,000 to $6,000.
Visit philamart to view and purchase variety of stamps from all over the world.
Image Courtesy: Kagin’s Auctions
Bosnia and Herzegovina is a country situated in the western Balkan Peninsula of Europe. Bosnia and H...
Patna Medical College is one of the India's oldest medical and surgical training institutions. The '...
Starry Night is one of the most recognized pieces of art in the world, it is said to be drawn by Van...
The Country of Turkey is located in Eurasia, which has a rich cultural heritage and is known for its...
Matangini Hazra, also known as Gandhi Buri' or old lady Gandhi, due to her non-violent protest inspi...
Thank you for visiting our website and for your interest in our endeavour.
For a past few days we have been recieving queries whether we buy/sell coins, stamps and currency.
We would like to inform you that, as of date, we have not provided such a platform. However please register on our website and do keep visiting our portal for further notifications on such a forum and other important and exciting news/updates.
Happy Collecting !
Email: info@mintageworld.com
Contact Us