London 2020 Private Treaty Sale

Lot 7

1904, 2¢ Louisiana Purchase, imperf horizontally (Scott 324a), right sheet margin pair, position 5/10, o.g.; top stamp with diagonal crease part way across from the right a small sealed tear at the upper left, otherwise F.-V.F.

Scott $25,000.

According to an article in Sloane's Column of February 8, 1958, the single recorded pane of 50 of this error was reportedly discovered within about six weeks of issue. It was purchased from a postal clerk in Cleveland, Ohio by prominent Cleveland collector, A.W. Weigel, who was secretary-treasurer of the Garfield-Perry Stamp Club and owner of the Ohio Stamp Co. He was also, according to the article, a "postal carrier". Weigel kept the pane intact and eventually sold it to famed collector George H. Worthington, also of Cleveland, reportedly for $100. The pane remained in Worthington's collection until 1917, when the collection was sold by J. C. Morgenthau & Co. The pane was divided prior to the sale, in order to allow multiple collectors to obtain examples of the error. 13 pairs from the pane were offered in the Morganthau auction, while the remaining 12 pairs were sold privately.

Price: $9,500.

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