Extremely Rare and High-Quality 24¢ Burnett'sHB-87 EP-164 Scott-57 Reed-BE24 24¢ Burnett's Standard Cooking Extracts Choice About New.
Numerical grade: 80case.80stamp.95mica = 255 This piece was Lot 447 from Stack's June 2004 sale of the Western Collection, where it was called uncirculated. While we disagree, we see how that grade was not much of a stretch. The case is a glossy mahogany, with a good bit of silver remaining at the middle. The stamp is perfectly centered, with excellent color, and the mica is as flawless as any to be found on Encased Postage. Add to the wonderful condition the fact that this is an extreme rarity, with two or perhaps three at most known, and you have a highly important encasement. Reed considers this piece an R-9 with the comment, "2 known." And the Stack's June '04 cataloger said, "Extremely rare... there are only about two, at most three, 24¢ pieces known." This cataloger is aware of only this piece. Prices at the Stack's sale were strange in both directions. This piece landed on the low side, bringing a shade under $5000 in spite of its great grade and extreme rarity. This cataloger, who was present at that sale and loved this piece, refrained from bidding as, with its presence near the top of Mr. Mayer's "must have" list, trying to obtain it would have been hopeless. We suspect the sub-$5000 result indicates other buyers did the same. Tonight's price could well double the three-year old result.
From The Frederick Mayer Collection
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