Lot
4314 
Confederacy, New Orleans, La., 1861, 2¢ red, radiant color with four margins, large except clear at right, tied by "New Orleans La. 7 Feb" cds on 1862 blue folded printed circular to members of the Southwestern Bible Society, addressed to Saml. Hollensworth at Blossom Hill, La., stamp with light diagonal crease not mentioned on certificate, Very Fine and attractive; with 2016 P.S.E. certificate. Scott No. 62X2 $25,000.
AN OUTSTANDING CIRCULAR-RATE USE OF THE RARE NEW ORLEANS 2¢ RED PROVISIONAL ISSUE.
The New Orleans postmaster, J. L. Riddell, prepared provisional stamps in June 1861 and advertised them for sale on June 12th. The 2¢ red stamps were printed without the marginal inscription "Usable exclusively in the New Orleans Post Office". The 5¢ and subsequent 2¢ blue printings all have the imprint. It is the accepted theory that the 2¢ red stamps were printed first, before Riddell added the imprint, and were withheld from use until January 1862 when the supply of 2¢ blue stamps was exhausted.
Realized: $11,000