Lot
4309 
Confederacy, Memphis, Tenn., 1861, 2¢ blue, large margins to touched, tied by bold four-ring target cancel on light buff cover addressed locally to G. C. Graham, P.O. Box 313, Memphis; cover lightly creased, few erosion spots in handsome calligraphic address, bit of flap removed, Very Fine and choice, ex-Caspary, Muzzy, Pope, Tara, Everett and D.K. Collection; with 1956, 2002 and 2012 P.F. certificates, and 1983 C.S.A. certificate. Scott No. 56X1 $12,500.
THE FINER OF ONLY TWO RECORDED COVERS WITH THE MEMPHIS 2¢ PROVISIONAL STAMP CANCELLED BY A TARGET.
Matthew Campbell Gallaway (1820-1898) was the Memphis Confederate postmaster who issued adhesive stamps and press-printed envelopes until Memphis fell to Federal forces in June 1862. There are 13 covers of the Memphis 2¢ Provisional stamp listed in the Hart survey in the Crown book. The target cancellation was used infrequently on Memphis provisionals. It is found on two of the 2¢ covers and on an off-cover block of six of the 5¢ provisional.
Realized: $7,000