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    HB-111 EP-43 Reed-EM03 3¢ Ellis McAlpin & Co. Extremely Fine.
    An extreme rarity, considered an R-9 by Reed. The Hodder-Bowers reference agrees with that statement. "The 3¢ value is extremely rare, with fewer than four pieces thought to survive." The Stack's June 2004 catalog is consistent, "Extremely rare: there are only about three or four of these known." This is the Stack's piece, which is brightly polished and lacquered. It was almost certainly the Dunham example, as the Dunham Collection was bought in its entirety, prior to Mehl's June 1941 sale, by T. James Clarke, who polished all of the pieces. The stamp is well centered and reasonably bright, the mica is clear, with some minor crazing just below the right-hand tab.
    From The Honorable William H. Kelly Collection

    View all of [The Honorable William H. Kelly Collection ]

    Auction Info

    Auction Dates
    January, 2012
    5th-10th Thursday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 317

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