Lot
362 
Steam Panama, light red oval handstamp on 1863 folded letter to Salem, Oregon, franked with Chile 1861, 5c orange red strip of 5 just tied by grid cancels, "San Francisco, Cal., Nov 9, 1863" cds (Williams SAF-600) with "10" rate handstamp which indicates the due on a single rate letter and additional "6" handstamp (incorrect rate), red boxed "Franca" at the top right; cover edge wear and splitting at top and sides, Fine, still an attractive usage of the only strike of the Steam Panama handstamp in red known. Scott No. Chile 9b Estimate $1,000 - 1,500.
Realized: $5,000