Lot# 53 - Erivan Sale 3

  • Lot# : 53 Wells Fargo & Co. Express

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    143L3, 1861 $1 Red Pony Express, stamp with large margins all around and portion of adjacent stamp at top, tied by August 31 blue Running Pony to printed red Wells Fargo frank on 10c star die envelope (U33), well-struck black "St. Joseph Mo. Sep 14" cds applied upon arrival in Missouri, addressed to "Heuston, Hastings + Co., 503 Broadway, New York, NY," manuscript notation at lower left "Rec'd Sept 18/61," neatly resealed at left, as fresh and vibrant as the day it entered the mails, Very Fine, a beautiful cover which is only enhanced by an exceptional stamp (Frajola-Kramer-Walske census E-149)

    According to contemporaneous newspaper accounts Heuston, Hastings & Co. were "fashionable clothiers" with outlets in San Francisco and New York City; the company was even mentioned in the works of Brett Harte. Seven covers are known to survive from the August 31, 1861 eastbound trip of the Pony Express (ET-131). The Fourth Rate Period (July 1 to October 26, 1861) saw the United States government further reduce the Pony Express rate to $1 per half-ounce. To meet the new rates, stamps were printed in red ($1.00), green ($2.00), and black ($4.00).

    Start Price : 5,000.00 USD
    Current Opening : 5,000.00 USD
    Hammer price : 7,000.00 USD