Unique J. Gault 1861 Brown-Yellow Stamp EncasementHB-131 EP-78 Scott-96a Reed-JG05Y 5¢ J. Gault Ribbed Frame Brown-Yellow Stamp Extremely Fine.
From our September 2007 sale of the Frederick Mayer collection where it was described "This unique item is accompanied by a copy of its August 10, 1987 P.F. Certificate #0174100. It is mentioned on page 31 of the Hodder-Bowers book, "The five-cent buff ('yellow-brown'), Scott-67, was in use in August 1861 and could have been encased also. To date, only one known specimen has been found, sold in Robert Siegel Galleries' sale of February 26, 1987." This is that piece. The Ribbed Frame case is tightly and perfectly closed, with a golden brass coloration to the back. There are a few tiny dents on the right-hand tab, the stamp is beautifully centered with its distinct color readily visible. The mica is clear, but it shows a few dents to the top layer. Mr. Mayer obtained this piece privately from his agent, who bought it from the collector who had purchased it from the 1987 Siegel sale. His flip indicates a purchase price of $12,000, and every one of his verifiable prices has proven to be completely accurate. A piece of extraordinary importance, particularly to Encased collectors on the stamp-hobby side of the fence." At that sale it realized $7,475, a number that should be equaled or surpassed this evening.
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