DescriptionHB-221 EP-27 Scott-165 Reed-ST01 1¢ S. Steinfeld Choice About New.
Numerical grade: 85case.75stamp.75mica. = 235 Although this One Cent is considered an R-7 by Reed, indicating eleven to fifteen known, it is by far the most common of the Steinfelds. Fred Reed's 104-year auction survey shows that, of 75 total appearances of Steinfeld encasements at auction, 57 of those appearances were One Cent pieces. This figure, of course, includes very heavy duplication. Mr. Mayer pedigrees this lovely piece to a February 1969 Stack's sale. The piece is a gorgeous high-end AU, with a touch of silver behind the letters. The stamp is fresh, save for a minor toned area at the bottom center, and the mica shows just very minor crazing at it outers edges, but it is completely clear. Steinfeld is one of the most difficult merchants to acquire, with this 1¢ piece the only generally available denomination.
From The Frederick Mayer Collection
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