Canadian Stamp Auctions
Recent Auction Highlights
6 July, 2006 - Vance Auctions Ltd.
As usual, there
were many choice items in this Vance sale. The quality was high. We
start off our review with an interesting selection of stamps from Canada’s
first “Cents Issue”. Over one hundred years ago someone
in Canada’s Post Office decided it would be a great idea to get
as many stamps on a sheet of paper as possible. Maybe they were trying
to save money. Whatever the objective, the result was that the stamps
from the set had the narrowest of borders and were almost always badly
off center. With this background, you can appreciate how special the
following “Cents” are and the bidders knew it !
The Cents Issue of 1859
The above bisects are quite rare and usually come from the Canadian maritime provinces. They should be collected on a full cover and are only listed as such in the catalogues. This 2¢ Small Queen bisect was offered “on piece” which means that someone cut it off the envelope. If it had been left on the envelope, the catalogue value would have been $1,600. Instead, it had an estimated value of only $175. The fact that it sold for $245 likely means that the bidder acknowledged not only its rarity, but also the fact that it was genuine. The last record we have of a copy of this bisect on a full cover was in 2004 when a copy sold for $1,700. The lesson for us all, which goes back over 100 years, is to never cut a rare stamp off the envelope.
The Jubilees are definitely enjoying a period of popularity these days. The market is attracting many outstanding copies and collectors are willing to pay strong prices to acquire them. During the first six months of 2006, there have already been six new record prices. To realize how significant this is, look at the number of new record prices (“NRPs”) there were for the Jubilees during the past five years:
It should come as
no surprise that we are experiencing high prices for the set in 2006.
After all this is one of Canada’s most popular sets which is recognized
by collectors internationally. What is surprising to us is that there
were not more new record prices in the past.
2¢ Admiral Coil - always in demand
As a group, the Admiral coils have certainly done well in the past year and their popularity continues. We were a bit surprised when we looked in our records to realize that this is only the second sale of Scott 124 in investment quality in the past four years and it is the best price in this period.
Vance's next auction will be held on August 31, 2006.