Canada 1851-12d Black stamp sold at auction

An example of Canada-1851 12d black

An example of Canada-1851 12d black

Over this past weekend, Eastern Auctions sold a mint copy of the 1851 12d black Queen Victoria (Scott #2). Though in mint condition, the stamp was quite off-center and had a mark on the gum side. It sold for $70,000 + the 15% seller’s fee ($80,500)! However, the stamp sold a bit below expectations. Eastern Auctions themselves gave the stamp a catalogue value of $160 000, so the sale price is well below that. On the other hand, who would say no to an extra $80,500 in their pocket?

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