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HB-99 EP-109 Reed-DO10 10¢ Dougan Choice Extremely Fine.
The Ten Cent Dougan is acknowledged by all references and experts as being the toughest known denomination for this rare merchant. The Dunham Collection had only a Three Cent; Perl had a One Cent, Three Cent and Five Cent; and Lilly had all four denominations, commenting on the Ten Cent, "Stated to be unique." Reed's 104-year auction survey shows eleven Ten Cent Dougan appearances, and he considers the piece to be an R-9 (two-three known.) The Hodder-Bowers book conjectures "Fewer than five." We personally know of four: the Stack's 6/2004 piece, the two from the Mayer Collection and one other. This piece is the Stack's 6/2004 example. The case is a lovely golden brown and absolutely problem free. The mica has a few minor separations and the stamp is just a touch toned. This example is tied with the better of Fred's two pieces for finest known.
From The Honorable William H. Kelly Collection

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Auction Dates
January, 2012
Internet/Mail/Phone Bidders: 4
Lot Tracking Activity: N/A
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