An 1851 Franklin 1c Blue Type I stamp is expected to provide the highlight of Regency Superior's October sale at the 69th Annual Stamp Exhibition of Southern California (SESCAL) in Los Angeles, Unites States.
The $75,000-valued example, which has an opening bid of $57,500, will auction on the second day of the October 3 to 6 sale.
The stamp's estimate can be attributed to its considerable rarity (fewer than 100 are known to still exist) and its "fault free" condition (the auction house states that just a handful of those known are "sound".)
"This example is not only sound, but features fresh paper, sharp impression and all around gorgeous appearance," says Regency Superior of the PSE-graded 75 "fine to very fine" stamp.
Another example of the stamp was previously sold for $431,250 in October 2007.
StampNews thanks www.paulfrasercollectibles.com for the provided information.
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