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    HB-3 EP-2 Scott-2 Reed-AC01SA 1¢ Ayer's Cathartic Pills Short Arrows Choice About New.
    Numerical grade: 85case.80stamp.80mica. = 245

    The case approaches the fully uncirculated grade, with no wear and just the lightest traces of minor circulation marks. It's a glossy medium brown, and extremely attractive. The blue One Cent stamp is very nearly fully fresh, and the mica is crystal clear, with only the most minute surface marks. A common merchant and denomination, and an ideal representative piece of the type. As a group, the short-arrows Ayer's Cathartic Pills are considerably scarcer than the long arrows. That does not apply to the One Cent denomination. The short-arrows One Cent is quite common, and the long-arrows One Cent very likely does not exist. The Reed auction-census data indicate 107 appearances of this short-arrows One Cent from 1891 through 1994. These data are a comprehensive compilation, with no attempt to remove duplication. The offering of "107 pieces" is indicative of this encasement's being quite common, though it likely represents thirty or fewer different pieces. Reed's rarity rating for HB-3 is R-3, which means his best estimate of true rarity is 41 to 50 pieces - a number which is likely accurate.
    From The Frederick Mayer Collection

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    Auction Dates
    September, 2007
    26th-28th Wednesday-Friday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 270

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