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    HB-1 EP-1 Scott-1 Reed-AB01 1¢ Aerated Bread Very Fine.
    Numerical grade: 55case.50stamp.70mica. = 175
    In spite of a fair degree of mishandling, this is still an excellent example of this very rare merchant. The case has some minor denting and a number of marks along with a slightly irregular seam. The mica has a number of surface dents as well as with some craze marks but is substantially clear. The stamp is somewhat toned down and lightly soiled. This piece is an interesting object lesson. Were it a higher denomination, rare variety, etc. one would be very suspicious that it had been opened and re-closed. Common sense dictates, in this case, that that has not happened. Neither the mica nor the stamp has been switched. Both are average at best, and as this is the only collectable denomination of the merchant, the only possible incentive for a switch would be to attempt to upgrade the stamp or mica. Clearly that has not happened. The point here is simply that marks, dings and minor bends do not necessarily indicate chicanery. They may simply be, as in this case they clearly are, marks, dings and minor bends. Nonetheless, this is an about average example of a very rare merchant.
    From The Frederick Mayer Collection

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    Auction Dates
    September, 2007
    26th-28th Wednesday-Friday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 277

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