Canadian Flag

Canadian Stamp Auctions

Recent Auction Highlights

6 June, 2009 - Eastern Auctions Ltd.


This Eastern public auction offered a number of beautiful stamps and the bidders were clearly interested. It included 10 new record prices plus many prices at close to record levels.

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:




Lot 1089
Scott 9
Catalogue $10,000
Realized $8,000



This is one of the few stamps that had a noticeable increase in value in this year’s Scott catalogue. Mint copies went from $8,500 to $10,000. We have noticed, in recent years, that there are only a very few Scott 9s with large margins like this. The only thing holding this one back was the fact that it had no gum (NG). Otherwise, we believe the price realized would have surpassed the catalogue value.

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.

 

Rare 1¢ Large Queen on Bothwell paper




Lot 1097
Unitrade 22ii
Catalogue $250
Realized $450


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.

 

Outstanding Jubilees

 

 



Lot 1130
Scott 53
Catalogue $45
Realized $170


Lot 1132
Scott 56
Catalogue $275
Realized $625


Collectors love the Jubilee set and they like to chase well centered examples like these.

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.


High Value Numerals




Lot 1169
Scott 83
Catalogue $550
Realized $2,100


Lot 1173
Scott 84
Catalogue $800
Realized $2,200

 

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




Lot 1195
Unitrade 104ii
Catalogue $90
Realized $150


Lot 1197
Unitrade 105iv
Catalogue $75
Realized $350

 



Lot 1199
Scott 109c
Catalogue $90
Realized $230


Lot 1200
Unitrade 110d
Catalogue $200
Realized $300

 

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 strong bidding.

 

1928 to 1932 – Keep an eye on these stamps!

 



Lot 1252
Scott 157
Catalogue $110
Realized $250


Lot 1271
Scott 175
Catalogue $85
Realized $130

 



Lot 1277
Scott 190
Catalogue $30
Realized $90


Lot 1280
Scott 200
Catalogue $90
Realized $130

 

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.

 

War Tax – An outstanding new record price




Lot 1339
Scott MR2D
Catalogue $1,400
Realized $2,000

 

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!


For more details of the sale, please click on the highlights button.

Highlights

 

This sale had 10 new record prices:

Scott No.
Description
NRP
Previous NRP
72a
8¢ Maple Leaf imperf.
1,350
860
75ii
1¢ Numeral blue green
280
140
75iii
1¢ Numeral major re-entry
450
-
83ii
10¢ Numeral imperf. pair
1,150
1,116
104ii
1¢ Admiral dark yellow grn.
150
120
105iv
1¢ Admiral pale yellow die II
350
125
157
20¢ Harvesting
250
246
195c-200a
1¢-8¢ Cameo imperf. set
2,500
2,350
J11a
1¢ Postage due imperf. pair
800
700
MR2D
50¢ Black overprint
2,000
1,037

 

Eastern’s upcoming mail sale will be held on July 8, 2009


©2009, Canadian Stamp Auctions Ltd., Montréal, Québec, Canada