Canadian Stamp Auctions
Recent Auction Highlights
June, 2009 - Eastern Auctions Ltd.
Some collectors might be shying away from offering their stamps at auction these days, fearing a lack of demand because of the financial troubles in our economy. But this auction shows they have nothing to worry about when choice items from their collections are offered. The demand is clearly there.
We begin our review
with one of our favorite stamps:
Are NG copies unusual?
Not at all. From 2001 to date, 8 out of the 17 copies recorded in our
pricing records had no gum.
1¢ Large Queen on Bothwell paper
We see many used Large Queens stamps offered at auction these days. But most of them are off center, have short perforations, or are badly cancelled. The above stamp avoids all these problems. As well, it is a variety of the 1¢ brown red Large Queen that is printed on Bothwell paper. This is the paper the watermarked stamps of the Large Queen set are printed on. If any portion of the watermark had shown up on the stamp, its catalogue value would have jumped from $250 to $600.
If we had a full sheet of stamps on this special paper in front of us, we would see that some of the stamps printed on it received the watermark and some, like this one, had none. It all depends on where they are situated on the page as the watermark only covered a portion of the page, hence only some of the stamps.
We have recorded only one other Scott 22ii. It was a lovely mint copy that sold at a J.N. Sissons sale in Toronto in 1998 for $230.
A year ago, in the
2009 Scott catalogue, the Jubilee set in NH condition jumped 20%in value.
Individually, the 3¢ went from $37 to $45 and the 8¢ from
$160 to $275. Those were pretty exciting days. In this year’s
catalogue, there were no increases. In fact, the value of many of the
stamps declined. You’d never know it from the above results.
Nice prices! But it surprised us that the price for the 10¢ should be so close to that for the 20¢. In the past ten years, we have recorded the sale of 24 Scott 83s versus 16 Scott 84s. So one cannot say that the 10¢ stamp is any scarcer than the 20¢. Both of the above stamps are NH and seem to be of the same quality and have about the same degree of good centering. One could perhaps get picky about the perforations on the top of the 20¢, they don’t seem to be as good as the 10¢. This may explain why the prices for the two stamps are so close.
But, one thing we’ve noticed in recent years is the amazing demand for the 10¢ stamps in each of the early sets, from the Small Queens to the Admirals. Many record prices have resulted.
Admirals – in demand, as usual
The Admirals in the sale were outstanding. Featured were sets, re-entries, blocks, some with pyramid guidelines, some with lathework, coils and imperforates. Something for everyone!
We concentrate on
single NH VF copies, since their prices can be recorded and compared
and they include most of the varieties. The four examples shown above
beautifully illustrate this and, judging from the results, attracted
to 1932 – Keep an eye on these stamps!
In this sale, we noticed that Eastern featured some rather outstanding copies of fairly ordinary stamps. These were found in the sets issued between 1928 in 1932. Sometime in the past two years, bidders have begun to pay more attention to very fine copies in these sets for stamps above, say, the 10¢ level, and are bidding more seriously for them. The results are evident in the prices realized above.
– An outstanding new record price
One of the few areas that showed good appreciation in the new 2010 Scott catalogue were the “back of the book” stamps and few did better in this category than the War Tax stamps. Earlier this year, the record price for the above stamp jumped from $800 to $1,037. Now in this sale, the record price has jumped to $2,000. What a way to end an auction!
This sale had 10 new record prices:
Eastern’s upcoming mail sale will be held on July 8, 2009