Canadian Stamp Auctions
Recent Auction Highlights
13 April, 2011 - Eastern Auctions Limited
We sometimes get questions from our viewers about the value of a particular stamp. This can be a difficult question as most stamps are unique. By this we mean, their centering, perforations and gum, if any, are unique to that particular stamp. When a stamp, that is perfect, comes to auction, it’s probably the easiest for us to predict the outcome. But few stamps are in this category and so the guessing game begins. We had these thoughts in our mind as we reviewed the results of this interesting auction.
Pence – Well Centered
In an effort to limit costs, the Post Office in 1859 issued stamps that used as little paper as possible. In this they succeeded admirably, but almost all the stamps of this period had the narrowest of borders and few were as well centered as the ones shown above. As such, the stamps might have merited a higher price than they achieved in this auction. But Scott 17b had a short perf. at the bottom and Scott 19a had a heavy cancellation. These imperfections probably caused the lower prices that resulted, which is too bad as their centering is unusually good.
Leafs – No Hinged Copies
Here we have three stamps described as VF NH. The stamps come from an early set which is in very high demand if the stamps are NH, like these. The gum factor for these stamps was positive as was their demand factor. We next look at their perfs. which are reasonably positive. Finally, we look at their centering and this is where the issue lies. None of the three have perfect centering. This means that the bidders are torn between the four factors, gum, perfs, centering and rarity.
The result seems to us to be based mainly on rarity. In each case, the price realized exceeded the catalogue value for a NH copy by a good margin. The results were better than we would have expected.
– No Hinged Copies
Although the stamps of the Admiral set were issued in the billions, this set remains in high demand and prices for perfect copies can soar. Isn’t it ironic that the results above show how popular the low values are while the price for the highest denomination, i.e. the $1.00 stamp, remains in the dumps. We don’t understand this, but recognise that this is how collectors feel.
All four copies above were pretty well centered although not perfectly centered. But here again, the fact they come from a set in great demand means that they can still sell for more than catalogue, except of course, for the poor $1.00 stamp!
– With Valuable End Strip
Here’s a variety we seem to see more of at auction these days. To have a pair of coils with an end strip attached is a rare and unusual item to have in one’s collection.
A regular pair of Scott 182 coils would have a catalogue value of $48. Regular coils are not rare and usually command little premium. But Eastern put a $250 catalogue value on this pair because of the existence of the end strips or over five times their regular catalogue value. These values come from the Unitrade catalogue. The stamps ended up selling for less than catalogue, but still at a distinct premium to a regular pair of coils.
Modern Flag Stamps
For more details of this sale, please click on the highlights button.
Eastern's next sale is a public auction to be held on May 28, 2011 in Halifax.