Something else I pick up yesterday :)

Discussion in 'US Coins Forum' started by Paddy54, Feb 13, 2017.

  1. Paddy54

    Paddy54 Well-Known Member

  2. Avatar

    Guest User Guest



    to hide this ad.
  3. 1913nickel

    1913nickel Active Member

  4. Paddy54

    Paddy54 Well-Known Member

    It's called an encased stamp U.S. Civil war era 1860's.
     
  5. Seattlite86

    Seattlite86 Outspoken Member

    Paddy54, tommyc03 and Garlicus like this.
  6. Seattlite86

    Seattlite86 Outspoken Member

    tommyc03 and Garlicus like this.
  7. Seattlite86

    Seattlite86 Outspoken Member

    This is really cool reading; I recommend everyone take a gander:
    Widespread hoarding of coins during the Civil War created a shortage, prompting the use of stamps for currency. To be sure, the fragility of stamps made them unsuitable for hand-to-hand circulation, and to solve this problem, John Gault invented the encased postage stamp in 1862. A normal U. S. stamp was wrapped around a circular cardboard disc and then placed inside a coin-like circular brass jacket. A transparent mica window in the jacket allowed the face of the stamp to be seen. All eight denominations available in 1861-62, ranging from 1 cent to 90 cents, were offered in encased versions.
     
    Paddy54, paddyman98 and Garlicus like this.
  8. heavycam.monstervam

    heavycam.monstervam Outlaw Trucker & Coin Hillbilly

    Wow, thats gotta be rare! Although the market 4 stamps is at the bottom of a cliff, those civil war encased ones appeal to a much broader audience and are technically currency (imo).... Ive always wanted one of those and although i set up @ the Don Scott antique show 4 × a year AND the antique extravaganza in Springfield ive never seen one in person. WAY COOL!!
    sorry i cant help w any info, but the cool factor alone should make that piece semi-valuable
     
    Seattlite86 likes this.
  9. tommyc03

    tommyc03 Senior Member

    Many of the Jackson 2 cent stamps are way up there in price with only one being reasonably priced. I'll always not know which this one was though. Nice pick up and very collectible.
     
  10. Paddy54

    Paddy54 Well-Known Member

    To be honest It's not mine! A dealer friend got it in a large collection he purchased . And yes from what he told me from the reference he has researched extremely RARE!
    But he asked me to reach out to see if the community here had any idea of any more information . So I told him I would post it and see what comes back.
    He did find out the person who made these....and that the original ones didn't have the advertisement on the back.
    Just a plain back. This was done after the first run were made. His references give a value somewhere in the 10 to 15 K range.
    Having looked at this and also having seen them in my 50 years of collecting . ....this one is cherry! The mica window is clear no chips or discoloration .
    This is the sort of find we all want to run across at least once in our lifetime.
     
    Paul M. and tommyc03 like this.
  11. heavycam.monstervam

    heavycam.monstervam Outlaw Trucker & Coin Hillbilly

    Maybe one of the exo guys can help w this....
    Which one? Idk but im sure someone can drop a name?

    Supposedly Segs/Larry Briggs can identify/appraise these..... I will see him in Springfield w/in the next 2 months

    I would summons him but idk what his screen name on CT is
     
  12. Paddy54

    Paddy54 Well-Known Member

    Thanks heavy
     
  13. Oldhoopster

    Oldhoopster Member of the ANA since 1982

    They are rare, but there are a lot of "improved" encased postage stamps out there. A better stamp (diff type or better color) or mica window. Check the edge of the ID opening with high magnification for signs it's been pried open. I remember reading about fakes years ago in something like the Numismatist or a Bowers and Merena publication

    I googled some images and many have stamps that look more worn than the one in your pic. I am far from an expert on these but am a little suspicious. I hope it's authentic.
     
    Paddy54 likes this.
  14. coloradobryan

    coloradobryan Well-Known Member

    I believe they are listed in the Scott specialized catalog. Maybe in the currency references too. At work right now so can't look in my reference collection at the moment. A lot goes into grading these, such as, condition of the mica panel, the stamp underneath and the case. Very interesting as currency, and postage. If I remember right, was replaced by postal currency.
     
  15. Treashunt

    Treashunt The Other Frank

Draft saved Draft deleted

Share This Page