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Canadian Stamp Auctions

Special Commentary - 8 March, 2008

One of the finest 12p Blacks
Coming up for Sale
April 1, 2008 in Geneva

How very interesting it is to see that an outstanding copy of Canada’s 12p black is being offered at auction in Geneva on April 1, 2008. This information was contained in a recent advertisement placed in the Canadian Stamp News by David Feldman Auctioneers.

Scott 3

Price Realized €130,000
$206,700 Canadian
at €1=$1.59 Cdn.

We are only aware of two other examples of this rare stamp which have the full sheet margin on the right like this one. Not only is the stamp close to perfection on the front, but the gum on the back is reported to be unhinged. These attributes in a stamp from 1851 are truly remarkable. The stamp comes with a certificate from the Vincent Graves Greene Philatelic Research Foundation and formerly belonged to Arnold Nyman.

In the past two years, 4 mint copies of Scott 3 have appeared at auction. Prices have ranged from a low of $101,700 for a copy with no gum, to a high of $214,500 for a copy that had part original gum. .

The Stanley Gibbons catalogue value of £130,000 referred to in the advertisement, would convert to $257,400 Cdn. at today’s rates.

The value in the advertisement is €60,000 - €80,000. This converts into $90,000 – $120,800 Cdn. We would guess that this would be at the low end of the range once the bidding gets started.

See our Commentary No. 88 for further information on this stamp

We look forward with great interest to the results of this auction. We will, of course, bring you the news as soon as it becomes available!

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©2008, Canadian Stamp Auctions Ltd., Montréal, Québec, Canada