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 #165
United States 1908 Coil Stamps
1908 4c brown, Imperforate, Schermack Type II, horizontal pair, margins clear all around, original gum, h.r., left stamp with tiny marginal nick, right stamp with part paste-up on back, completely sound, with 1952 and 2019 Philatelic Foundation Certificates. Only 21 unused stamps are recorded, including four pairs and two guide line pairs, this one listed in the Siegel Census 314A-OG-PR3. A major 20th Century United States Rarity (with the rising popularity of vending and affixing machines, the Bureau of Engraving and Printing received numerous requests from manufacturers for supplies of imperforate stamps, which could then be privately perforated to conform to each firm's machine. In May 1908, a supply of 25 sheets (400 stamps per sheet) of the 4c 1902 Issue, without perforations, was delivered to the Schermack Mailing Machine Co. in Detroit. The entire supply was cut into coils with Schermack Type III perforations, designed for the firm's patented affixing machine and delivered to the Winfield Printing Co. for use on mass mailings of advertising material. Approximately 6,000 were used on a mailing for Hamilton Carhartt Manufacturer, and almost all of the 4,000 balance were used on a mailing for Burroughs Adding Machine Co.)
*
Catalog #314A
Catalog Value $250,000
Price Realized
$130,000.00

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