DescriptionHB-54 EP-65 Reed-BA05F/G 5¢ Joseph L. Bates Fancy Goods About New.
Five Cent Bates encasements are extremely rare, yet they remain unrecognized as such in most listings and catalogs. Of the three varieties that exist, all are R-9 in Reed, indicating two to four known. This plain-frame "FANCY GOODS" in two words variety is likely the most common of the Five Cents, based on Reed's 104-year auction survey. In this case, "common" indicates three or four in existence, as opposed to the two known for each of the other varieties. The finest known example was the Mayer piece which we sold in September 2007. That was an XF with an ideal stamp and mica. This case is fully AU and slightly superior to the Mayer piece. Unfortunately, things go down hill on the front side. The mica has a fair amount of crazing and a number of surface marks. The stamp had been torn before the piece was assembled distorting Jefferson's face. This piece was lot 462 of Stack's 2004 sale of the Western Collection. The owner of that collection, for all his tenacity, was unable to ever upgrade this extremely rare piece.
From The Honorable William H. Kelly Collection
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