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 #188
United States 1909-13 Issues
1911 3c deep violet, Type I, Orangeburg coil single, perf. 12 vertically, tied by "Orangeburg, NY Jun 17 1911" machine cancel on clasp Bell & Company corner card addressed to Connecticut, well centered for this difficult stamp, with guideline at bottom, v.f., with 1956 and 2019 Philatelic Foundation Certificates. The 3c Orangeburg coil was made by the Post Office Department in 1911, specifically for use by the Bell Pharmaceutical Company. The stamps were used to send product samples to physicians and were put through the first-class cancelling machine at Orangeburg, New York. Due to the coil stamps' use on mass mailings, many of the surviving copies are faulty to some extent. The most common defects are corner creases or tears. A rare sound example on cover, only 13 have been certified by the Philatelic Foundation,
Envelope
Catalog #389
Catalog Value $27,500
Price Realized
$16,000.00

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