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    HB-113 EP-112 Reed-EM10 10¢ Ellis McAlpin & Company Extremely Fine.
    Reed considers this Ten Cent McAlpin to be an R-5, meaning 21 to 30 known. The Hodder-Bowers reference disagrees by a considerable amount, which is rather unusual. Both references generally agree. Hodder and Bowers state, "Six specimens of the Ten Cent denomination have been traced, two of which are in institutional collections." We lie in between, and suspect that eight or ten of these are known. Reed's auction census indicates the 10¢ to be the most common of the McAlpin's, with 53 appearances (including repeats) between 1891 and 1994. No other denomination has had as many as 30 appearances. Whatever the exact rarity, this is certainly a rare encasement. The Stack's June 2004 sale had only a problem piece. Fred Mayer had two; one a problem piece and the other virtually identical to this example, although not this same piece. This one was acquired by Bill Kelly from CAA's Memphis 1994 Sale for just over $1800. The mica is virtually perfect, the stamp just a tad toned and the case is problem free with a nice, even mahogany brown color.
    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: 464

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