7047

HB-115, EP-166, S-83, Reed-EM24. Twenty-Four Cents. ELLIS McALPIN & CO. Cincinnati. Extremely Fine.

Currency:USD Category:Coins & Paper Money Start Price:2,800.00 USD Estimated At:NA
HB-115, EP-166, S-83, Reed-EM24. Twenty-Four Cents. ELLIS McALPIN & CO. Cincinnati. Extremely Fine.
SOLD
2,500.00USD+ (500.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2021 Mar 17 @ 16:31UTC-8 : PST/AKDT

Lot: 7047
Header:
Title: HB-115, EP-166, S-83, Reed-EM24. Twenty-Four Cents. ELLIS McALPIN & CO. Cincinnati. Extremely Fine.
Description: Rated as Rarity-8 (5-10 known) according to Fred Reed. Extremely rare, the 24¢ denomination is the highest value stamp known for Ellis McAlpin & Co.. The George Washington stamp is centered a bit to the left, seen under clear, unbroken mica that shows signs of normal light circulation. The case has a medium chestnut-brown color with just light wear and good details to the defect-free reverse legends. The last one sold was an Extremely fine specimen in Early American History Auction December 2004 Lot 619 which sold for $4,680. This current example is quite nice. An important opportunity to acquire a “Key” merchant type in its highest value and missing in most Civil War era Encased Postage Stamp collections.
Low Estimate: 4000
High Estimate: 4500
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