The New Amsterdam Collection of United States Rarities
July 10, 2019

The New Amsterdam Collection of United States Stamps sold for close to $7 Million on 10th July 2019. Hundreds of floor and internet bidders competed for just 220 lots at auction which took almost four hours to complete. With the final hammer, the New Amsterdam Collection took its rightful place among the most valuable stamp collections in philatelic history.

The New Amsterdam Collection was formed over fifty years ago, its mission to complete spaces in a newly acquired Scott National Postage Album. Most of the material was acquired through Dumont Stamp Company, an old established and respected dealership which was in midtown Manhattan in the 1970s.

Competition was intense, especially for the top items. The absolute highlights of the auction were the two 1867 "Z" Grills, each with a pre-sale estimate of $750,000. The 10c green (Washington) fetched $1,150,000 and 15c gray black (Lincoln) $1,610,000, the latter setting a record for a single United States stamp sold at auction.

Additional rare Grills realized $661,250 for a 3c "B" Grill and $172,500 for a 30c "A" Grill. Other noteworthy results include $287,500 for 1869 30c Pictorial with Inverted flags and $402,500 for 24c Inverted Jenny. A rare 2c coil pair estimated at $300,000 was hammered down at $805,000. All results include Cherrystone's 15% buyer's premium.

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ImagesDescriptionBidding
Lot #132
United States 1879 American Bank Note Company
1879 10c brown, without secret mark, with original gum, heavy hinge remnants, nice color and well centered, small thin spot and creases, fine appearance, with 2019 PFC,
*
Catalog #187
Catalog Value $3,000
Unsold
Lot #133
United States 1879 American Bank Note Company
1879 10c brown, with secret mark, l.h. (if at all), light horizontal gum crease, otherwise fine, with 2019 PFC,
*
Catalog #188
Catalog Value $1,700
Price Realized
$240.00

Lot #134
United States 1879 American Bank Note Company
1879 15c red orange, l.h., well centered and fresh, v.f., with 2019 PFC,
*
Catalog #189
Catalog Value $180
Price Realized
$150.00

Lot #135
United States 1879 American Bank Note Company
1879 30c black, h.r., centered to bottom, fine, with 2019 PFC,
*
Catalog #190
Catalog Value $850
Price Realized
$260.00

Lot #136
United States 1879 American Bank Note Company
1879 90c carmine, unused with large part original gum, fresh color, diagonal crease, fine appearance, with 2019 PFC,
*
Catalog #191
Catalog Value $2,000
Price Realized
$350.00

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