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    HB-202 EP-54 Scott-146 Reed-PE03 3¢ Pearce, Tolle & Holton Extremely Fine.
    Numerical grade: 50case.70stamp.50mica. = 170
    While quite rare (rated as an R-8 by Reed, five to ten known), this Three Cent piece is tied with the Five Cent as the most available of the Pearce pieces. The XF case is brightly polished, the stamp is lightly toned and the mica has some crazes and a star-shaped crack from a "hit" behind Washington's head. This one must have been one of Mr. Mayer's very early purchases, as he had written on the flip, "Gilt frame - Lincoln?" The response to that question is, "No... polished frame - Clarke." This is one of the highly polished pieces that almost certainly traces its history to the collection of T. James Clarke. Traces of his signature jeweler's rouge remain in several place on this piece. Mr. Mayer's Lincoln question is the result of the constant resurfacing of the utterly unsubstantiated rumor that Gault presented Lincoln with a gold (occasionally gold-plated or "gilt") set of Encased Postage. No one seems to be sure of the origin of this silliness... but it constantly resurfaces. Mid-twentieth-century collector T. James Clarke polished his entire Encased collection using jeweler's rouge. All - or certainly almost all - of the brightly polished Encased Postage pieces seen today trace their history to Mr. Clarke. They are not gilt. They are not gold. They have no connection to Lincoln. We suspect Mr. Mayer, who quickly became far more sophisticated in his Encased collecting, left this early comment on the flip as a lesson to himself.
    From The Frederick Mayer Collection

    View all of [The Frederick R. Mayer Collection ]

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    Auction Info

    Auction Dates
    September, 2007
    26th-28th Wednesday-Friday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 170

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