Lot 363 Niger Coast Protectorate SG#2 (SC#2) 1d Lilac and Deep Lilac Queen Victoria 1892-1894 Overprinted GB Keyplate Issue, VFOG Examples, 50,000 Issued, 2022 Scott Classic Cat. $26 USD, Click on Listing to See ALL Pictures

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SKU Lot-363-July-20-2022

VFOG examples of the 1d lilac and 1d deep lilac Queen Victoria from the 1892-1894 Overprinted GB Keyplate Issue.

The total number issued in the protectorate was 50,000. Typically the proportion of the quantities printed that the Crown Agents reserved for dealers in London varied from between 1/2% and 3% of the total printed, when we look at issues from the King George V period, when such records were kept. Because of the warm and humid tropical climate in West Africa, very few of the mint stamps sent over there would survive in fresh mint condition, so most of the fresh examples on the market will have come from London based dealer stocks. This allows you to gain some valuable perspective as to the true scarcity of these stamps, which the catalogue values do not always reflect. The $3, $4 and $5 Columbians from the US, issued in 1893, and the $1-$5 Canadian Diamond Jubilees issued in 1897 were all issued in quantities between 13,500 and 27,650. These stamps sell nowadays for several thousand dollars each when VFOG or VFNH typically. To take less extreme examples of more common Canadian stamps, consider the 20c Quebec Tercentenary, the $1 Parliament and the $1 Champlain. These were issued in quantities of 304,200, 561,000 and 818,000, and they typically sell for between $25 and $150 for VFOG and double for NH. This is our main reason for our conclusion that these stamps are significantly undervalued in Gibbons.

2022 Scott Classic values two VFOG examples at $26 USD.

The stamps offered here grade 75 as follows:

Centering/Margins: 45/70
Paper freshness: 5/5
Colour: 5/5
Absence of visible paper flaws: 5/5
Perforations: 10/10

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