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    Scarce Gage Brother & Drake 1¢ Encased

    HB-120 EP-15 1¢ Gage Brother & Drake (Tremont House) Very Fine.
    This is a bit of a "sleeper" type, and the One Cent denomination from this merchant is surprisingly scarce. Fred Reed's auction survey shows only twenty-five appearances from 1891 through 1994, which likely includes duplication, and rates the type as an R-8, indicating five to ten known. That census appears to be valid based on our experience cataloging Encased Postage. It is worthy of note that Mr. Frederick Mayer searched for this type for decades until he obtained the Ford example in Stack's June 2004 sale (noted by Mike Hodder as "very rare"). This example is not as fine as the Mayer or Judge Kelly examples we have cataloged and sold, but it is still pleasant. There is handling on the mica; however, the case exhibits considerable silvering in the center, and perhaps our grade is conservative. On those rare occasions this type has been offered, it clearly has established itself as a four-figure piece.
    Ex: Eric P. Newman Numismatic Education Society.


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    Auction Info

    Auction Dates
    January, 2017
    4th-10th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 12
    Lot Tracking Activity: N/A
    Page Views: 221

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    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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