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 #63
1867 A. Grill
1867 30c orange, A.Grill (covering the entire stamp), black Crossroads cancel, usual centering, tear at upper left, ex- Meilstrup (where it was described as having a "few irregular perfs"), handstamped on back (W.H.C.), fine appearance, with 1968 ("the stamp and the grill are genuine") and 2019 Philatelic Foundation Certificates, ex-Ezra Cole. There are only 8 known copies of this stamp (including one in the New York Public Library Collection), all used, poorly centered, and most contain some degree of faults. The stamp offered in this auction is listed in the Siegel Census as 81-CAN-03 and has not been seen since 1969. A comparable copy (also with a tear) realized $150,000 in the Wingate sale (Siegel Auctions, 2018) (Scott catalogue value "for off-center examples with small perforation faults")
O
Catalog #81
Catalog Value $240,000
Price Realized
$150,000.00

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