The Value of the Stamp


$1 - Salmon or dark salmon
Scott #241
Certificate recommended on MNH

 
NY Auction Houses
 
MNH
MH
Graded
Used
MNH
Graded
MH
Graded
Used
Graded
Spring 2004
-
$250-$300
-
$150-$200
-
-
-
-
-
-
Fall 2004
-
$300-$1,000
-
$150-$250
$2,200
-
-
-
-
-
Spring 2005
-
$500-$700
-
$185-$325
$3,750
-
-
-
-
-
Fall 2005
$1,725
-
-
$185-$200
$3,300
-
-
-
-
-
Spring 2006
$1,200
$300-$950
-
$90-$140
$2,300
90
-
-
-
-
Fall 2006
-
$185-$350
-
$145-$150
$5,750
-
$4,000
95
-
-
Spring 2007
$660
$230-$480
-
$120-$145
-
-
$900
80
-
-
Fall 2007
-
$200-$400
-
$135
$6,500
90
-
-
-
-
Spring 2008
-
$190-$510
-
$150-$170
-
-
$1,250
80
-
-
Fall 2008
-
$200-$520
-
$100-$120
-
-
$650
70
$750-$800
90
-
-
-
-
-
-
$1,050
85
-
-
Spring 2009
-
-
-
$205-$285
$2,800
80
$625
80
$220
70
-
-
-
-
$10,000
90
$1,300
90
$300-$350
80
-
-
-
-
-
-
$2,200
95
$600-$700
90
Fall 2009
$1,150
$260-$725
-
$160
-
-
$2,400-$3,750
95
$600-$850
90
Spring 2010
$1,250-$1,625
$310-$490
-
$110-$180
-
-
$250
60
$400
70
-
-
-
-
-
-
$750
85
$450
80
-
-
-
-
-
-
-
-
$700
90
Fall 2010
$1,575
$245-$290
-
$125-$200
$22,000
95
$750-$1,300
85
$750
80
-
-
-
-
-
-
$3,000-$4,000
95
$950
95
Spring 2011
-
$325-$450
-
$100-$160
-
-
$2,070
85XQ
$475
70
-
$1,250
90J
-
-
-
-
-
$4,750
95J
Fall 2011
-
$340
-
$140-$200
$8,500-$9,500
90
$550
80
$250
90
-
-
-
-
-
-
$1,600
90
$1,600
95
Spring 2012
-
-
-
-
-
-
-
-
-
-
Fall 2012
-
-
-
-
-
-
-
-
-
-
Spring 2013
-
-
-
-
-
-
-
-
-
-
Fall 2013
-
-
-
-
-
-
-
-
-
-
Spring 2014
-
-
-
-
-
-
-
-
-
-

Statistics


Issued: Jan 2nd 1893 but first placed on sale at the Columbian Exposition on Jan 3rd 1893

Plate Size: Sheets of 100 subjects (2 panes of 50)

Printer: The American Bank Note Company, thereafter, with one exception of the Overun stamps of 1943 all stamps have ssince been printed by the Bureau of Engraving

Watermark: None

Quantity Issued: 55,050

Interesting Fact: There are no complete panes of any of the dollar values of the Columbian left. Despite the fact that at the time many dealers and well off collectors purchased the stamps in complete panes. There are, however, full panes of the plate proofs going around, all fakes of course (they sell on ebay for $30 each)

The Inspiration for the Design


From Isabella Presenting her Jewels by
Munoz Degrain, the painting now hangs in one of the legilative chambers at Madrid.


King Ferdinand objected to the expense required to fit out a fleet for Columbus, because the treasury had been exhausted by the war with the Moors. With a woman's enthusiasm, Isabella exclaimed: "I will undertake the enterprise for my own Crown of Castile, and will pledge my jewels to raise the necessary funds!"


What you should look for


As with all the values of this issue, look for Columbia Expo cancels or on a Columbian Expo cover, they marginaly increase value. Any stamp is more desirable with a clean cancel, preferably a town cancel, heavy cancels can detract from the value and are common on this value. The ink was not very stable and this stamp loses it vibrancy easily, particularly used copies, see below.


A faded $1

241 US Postage Stamps
The Worlds Fair Exposition Cancellation


Varieties to look for


The color ranges from Salmon to Dark Salmon. There are the occassional double transfers.

Occasionaly postmarks from states that had tiny amounts of mail in this year can add to the value. This is particularly true of Alaska and the Territories. For a list of the number of stamps issued by each state in the year ending 30th June 1894 click here.

The Essay's and Proofs


241P1 Proof Stamp US Postage Stamps

241P1
Large Die Proof on India

241 Proof US Postage Stamps
241 P2
Small Die Proof on India
Mounted on grey card
From the Roosevelt Album

241 US Proof Stamp
241 P4
Plate Proof on Card Stock


President William McKinley was assinated in the Music Building whilst visiting the expo. An excellent entry on this event can be found here in Wikipedia


>