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HB-125 EP-147 12¢ Gage Brother & Drake (Tremont House) Extremely Fine....
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Description
HB-125 EP-147 12¢ Gage Brother & Drake (Tremont House) Extremely Fine. From our sale of the Mayer Collection last September where it was described: "This Twelve Cent Tremont House in an extremely rare piece. The Hodder-Bowers book says, "The Twelve Cent value is an extreme rarity in the series; only two specimens can be accounted for presently." The Stack's June 2004 catalog felt that fewer than five pieces were known, and possibly just three. Fred Reed considers it an R-9, meaning two to four known. We know of only three examples. Frederick Mayer has noted on his flip that this piece is ex-Perl, Lot 1072. That lot was not photographed, and the catalog description is ambiguous, but every one of Mr. Mayer's verifiable pedigrees was correct, and we suspect this indeed is the Perl specimen. It's a lovely piece, with a solid XF medium-brown, problem free case. The stamp is exceptional, with fresh colors and decent centering. The mica is clear, but the top layer has separated. The mica underneath (the mica in Encased Postage stamps is usually five or more layers thick) remains fully intact. The area affected by the separation is from Washington's chin to the bottom of the piece. This minor flaw may have caused the "Dented" comment in the Perl catalog description." Several pieces from the Mayer sale have re-auctioned in the past year at very strong prices. This piece realized $2800 last September and should eclipse that tonight.Auction Info
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