Sale 1315 — The Eugene L. Grace Collection of United States and Confederate States Stamps and Covers
Sale Date — Tuesday-Thursday, 12-14 March, 2024
Category — 1857-60 Issue
90c Blue (39). Choice centering with wide margins all around, deep rich color and sharp impression, clear strike of black grid cancel
EXTREMELY FINE USED EXAMPLE OF THE SHORT-LIVED 90-CENT 1860 -- THE FIRST UNITED STATES 90-CENT ISSUE.
The 90c stamp was issued in 1860, along with the 24c and 30c values, all of which were needed to prepay high international letter rates established by various postal treaties. The basic 24c and 30c rates to England, France and Germany created a volume of mail franked with those values. However, the 90c saw much more limited use, partly due to the rates in effect, but more because of the American Civil War. When supplies of current postage stamps were declared invalid in the South and ultimately demonetized by the Federal government, the 90c had been in use for only one year. For this reason, genuinely cancelled copies are scarce, and covers bearing the 90c are extremely rare.
Ex Twigg-Smith. With 2001 P.F. and 2019 P.S.E. certificates (VF-XF 85). Only three used examples grade higher (two at 90, one at 95). SCV $10,000
