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Lost Continental

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119:, printed around 1873 on vertically ribbed paper by the Continental Banknote Company. It is the only known copy of this 24¢ Scott stamp—among the many surviving examples—that can be positively identified as a printing by the Continental firm, and not by the National Banknote Company, which had originally produced this 24¢ issue three years earlier. For more than a century, experts could not determine with certainty whether Continental had ever, in fact, printed its own version of this stamp—or, if it had done so, whether any of the copies it printed survived. Conclusive evidence did not begin to emerge until a collector named Eraldo Magazzu discovered the Lost Continental while examining a lot of old stamps he had purchased in 1967. Much debate and analysis followed before the stamp, on the evidence of its paper-type, was finally certified as authentic by the 153:
least release—its own version at all. The denomination was seldom used, and, in fact, the Post Office discontinued it in 1875, distributing no copies to local post offices after June 30 of that year. Finally, scholars believed (inaccurately) that the total of remaindered 24¢ stamps eventually destroyed by the Post Office virtually equaled the total that had been delivered to it by Continental. "It is quite possible", wrote Lester Brookman, "that this stamp should be dismissed with the remark made by the old farmer when he first saw a giraffe, which was 'There ain't no such animal.'" Eventually, the Scott Catalogue deleted its entry for the Continental 24¢ issue (as #164), not to restore it until the ribbed-paper copy received certification.
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its inventory, and these could have only been copies that the firm printed itself, because it had not yet received any stamps from National (documents prove that 24¢ stamps from National did not arrive at Continental until a month later). Mooz believes that in subsequent deliveries of 24¢ sheets to the Post Office, Continental intermixed its own printings with sheets it had inherited from its predecessor. During the years of National's contract, the Post Office issued some 1,145,000 24¢ stamps. About ten years after the denomination was discontinued, 364,950 copies were destroyed. It is unknown whether these included any remaining from the original National stocks.
218: 145:, opting to use the old National plates to print these seldom-used stamps in the small quantities that might be needed. As a result, the Continental and National issues of these three values cannot be differentiated by any details of the stamp designs; it is only through examination of ink, perforation characteristics and paper type that the two companies' products can be distinguished from each other. One piece of conclusive evidence is the occasional use of ribbed paper for a stamp, which definitively establishes it as a Continental product, as this paper was never used by National. 29: 152:
The suspicion grew that specific differences could not be found because they did not exist: that all surviving examples were, after all, Nationals; that remaining stocks of these had been so large that Continental could merely send them to the Post Office as needed, and never needed to produce—or, at
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The slim evidence of the 24¢ Continental's existence provided by the ribbed-paper copy was substantially bolstered in 2000, when William E. Mooz published further proof that Continental indeed printed its own version of the issue. In September 1873, the company had 120,700 of the 24¢ Scott stamps in
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Early experts soon found paper or ink characteristics that could clearly identify a 30¢ or 90¢ stamp as either a National or a Continental. For the 24¢ issue, however (the ribbed-paper copy then being unknown), no clear criteria emerged—partly, perhaps, because the purple inks used by both National
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in 1992. How many other copies of this Scott issue (if any) printed on normal paper by Continental still exist is a question that philatelists believe will never be answered. Despite this uncertainty about the stamp's actual degree of rarity, the Lost Continental sold for $ 325,000 at a Siegel
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distribution of National's existing 1870 definitive stamp series, which included the 24¢ Winfield Scott issue. National turned over the printing plates and dies for all twelve stamps in the issue, and later sold Continental its stocks of finished stamps not yet sent to the U. S. Post Office.
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In 1873, the National Banknote Company, which had been producing U. S. postage stamps since 1861, lost out to the Continental Banknote Company in the bidding for the new contract to produce U. S. postage stamps for the next four years. Accordingly, Continental took over the production and
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of an issue—an issue that may still exist in 100,000 or more normal-paper examples—which would make it rare, but not inordinately so. By ironic contrast, only about 2,000 copies were produced of the earliest National Banknote version of the 24¢ Scott stamp—the issue incised with the H
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For the values between 1¢ and 15¢, Continental made new printing plates produced from dies it had slightly altered by adding small "secret marks" to them. By contrast, Continental deemed it unnecessary to alter the designs of the 24¢, 30¢ and 90¢
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Gallery auction in December, 2004 A photograph of the stamp appeared on the front cover of the catalogue for that auction; on page 60 of the catalogue, a photograph of the Lost Continental's back shows the pencil mark "153", a
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The United States Post office did not again offer a 24¢ stamp until 1918, when it produced the first airmail issue—which also survives in a rare and valuable variant: the famous
173:(Scott #142). A grilled example of this extremely scarce stamp, postally used, is valued in the Scott catalogue at $ 7,500; no unused example with grill has ever been found. 333: 749: 537: 744: 734: 385: 754: 342: 995: 326: 816: 729: 149:
and Continental were exceptionally susceptible to fading and unpredictable discolorations, resulting in a bewilderingly wide variety of shades.
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number that erroneously identifies the stamp as an example printed by the National Banknote Company.
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As a result, the "Lost Continental" must be classified not as a unique surviving
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The United States Postage Stamps of the Nineteenth Century, Volume II, 1861–1882
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Unique copy proved to have been printed by the Continental Banknote Company
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Scott Specialized Catalogue of United States Stamps and Covers 2013
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Postage stamps and postal history of the Confederate States
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List of people on the postage stamps of the United States
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Commemoration of the American Civil War on postage stamps
240:(David G. Phillips Publishing Company, North Miami, 1989) 755:
Presidents of the United States on U.S. postage stamps
232: 230: 228: 226: 996:Higgins & Gage World Postal Stationery Catalog 341: 223: 1184: 386:Alexandria "Blue Boy" Postmaster's Provisional 770:U.S. space exploration history on U.S. stamps 327: 33:Die proof of design used to produce the stamp 391:United States postmasters provisional stamps 765:Territories of the United States on stamps 334: 320: 27: 468:All Aboard! 20th Century American Trains 214: 212: 210: 730:Artworks on stamps of the United States 1185: 896:History of United States postage rates 593:Washington Bicentennial stamps of 1932 272:Siegel Auction Catalogue Sale No. 888. 315: 207: 1096:American Philatelic Research Library 967:United States Post Office Department 906:Pneumatic tube mail in New York City 674:List of United States airmail stamps 281: 275: 251:"One-of-a-kind stamp nets $ 397,838" 164:of an issue, but a unique surviving 111:is a light-purple 24¢ United States 1198:Postal history of the United States 1193:Postage stamps of the United States 1157:Revenue stamps of the United States 830:Cardinal Spellman Philatelic Museum 286:. Scott Publishing Co. p. 38. 13: 886:Citizens' Stamp Advisory Committee 578:U.S. Parcel Post stamps of 1912–13 14: 1214: 1106:Rocky Mountain Philatelic Library 891:Express mail in the United States 659:1918 Curtiss Jenny airmail stamps 396:New York Postmaster's Provisional 1167:United States Postmaster General 1116:U.S. Philatelic Classics Society 1111:United Postal Stationery Society 1066:Bureau of Engraving and Printing 871:Apollo 15 postage stamp incident 962:San Antonio–San Diego Mail Line 636:Statue of Liberty Forever stamp 630:Raising the Flag at Ground Zero 641:2017 Total Solar Eclipse stamp 614:Distinguished Americans series 583:US Regular Issues of 1922–1931 343:Philately of the United States 264: 253:. Washington Times. 1999-12-24 243: 183: 73: 1: 740:History of Virginia on stamps 200: 972:United States Postal Service 947:American Letter Mail Company 488:Breast cancer research stamp 7: 1121:United States Stamp Society 1101:American Philatelic Society 1071:Homer Lee Bank Note Company 619:Elvis Presley Forever stamp 282:Snee, Charles, ed. (2012). 16:United States postage stamp 10: 1219: 1172:United States Post Offices 1162:United States postal notes 1061:American Bank Note Company 840:National Philatelic Museum 825:Benjamin Miller Collection 801:Earliest reported postmark 598:Washington–Franklin Issues 558:Prominent Americans series 131: 1152:Postal Reorganization Act 1129: 1091:American Air Mail Society 1083: 1053: 1037: 1028: 980: 952:Butterfield Overland Mail 939: 853: 814: 791: 787: 720: 682: 664:1930 Graf Zeppelin stamps 649: 606: 543:Oklahoma Statehood Stamps 538:Norse-American Centennial 460: 409: 374: 370: 349: 94: 83: 72: 64: 54: 46: 38: 26: 21: 1045:American stamp designers 989:The American Philatelist 911:Postal history of Oregon 881:Boat Railway Post Office 548:Overrun Countries series 176: 697:Dag Hammarskjöld invert 568:Special handling stamps 513:Five cents John Kennedy 447:Western Cattle in Storm 442:Trans-Mississippi Issue 845:National Postal Museum 523:Great Americans series 478:Antarctic Treaty issue 1203:Unique postage stamps 1137:American philatelists 931:U.S. Special Delivery 835:Florida Postal Museum 760:Puerto Rico on stamps 493:Celebrate the Century 432:Hawaiian Missionaries 121:Philatelic Foundation 39:Country of production 1142:American postmasters 916:Railway Mail Service 861:Air Mail Act of 1925 573:Transportation coils 503:Elvis Presley single 498:Comic Strip Classics 417:1869 Pictorial Issue 362:Henry Thomas Windsor 236:Lester G. Brookman, 921:Rural Free Delivery 712:Pan-American invert 518:Fourth Bureau issue 483:Bicentennial Series 219:Siegel power search 1147:Postal Service Act 775:Women on US stamps 588:War savings stamps 553:Presidential Issue 508:Federal Duck Stamp 115:depicting General 47:Date of production 1180: 1179: 1079: 1078: 1024: 1023: 1003:Linn's Stamp News 783: 782: 624:Nature of America 105: 104: 1210: 1035: 1034: 1009:Minkus catalogue 876:Barefoot mailman 866:Air Mail scandal 815:Collections and 789: 788: 473:Americana series 437:Lost Continental 372: 371: 336: 329: 322: 313: 312: 306: 305: 279: 273: 268: 262: 261: 259: 258: 247: 241: 234: 221: 216: 194: 187: 109:Lost Continental 75: 65:Nature of rarity 31: 22:Lost Continental 19: 18: 1218: 1217: 1213: 1212: 1211: 1209: 1208: 1207: 1183: 1182: 1181: 1176: 1125: 1075: 1049: 1030: 1020: 1015:Scott catalogue 976: 940:Postal services 935: 849: 810: 779: 716: 678: 645: 602: 528:Hanukkah stamps 456: 427:Columbian Issue 405: 401:St. Louis Bears 377: 366: 345: 340: 310: 309: 294: 280: 276: 269: 265: 256: 254: 249: 248: 244: 235: 224: 217: 208: 203: 198: 197: 188: 184: 179: 134: 126:Scott catalogue 95:Estimated value 34: 17: 12: 11: 5: 1216: 1206: 1205: 1200: 1195: 1178: 1177: 1175: 1174: 1169: 1164: 1159: 1154: 1149: 1144: 1139: 1133: 1131: 1127: 1126: 1124: 1123: 1118: 1113: 1108: 1103: 1098: 1093: 1087: 1085: 1081: 1080: 1077: 1076: 1074: 1073: 1068: 1063: 1057: 1055: 1051: 1050: 1048: 1047: 1041: 1039: 1032: 1026: 1025: 1022: 1021: 1019: 1018: 1011: 1006: 999: 992: 984: 982: 978: 977: 975: 974: 969: 964: 959: 954: 949: 943: 941: 937: 936: 934: 933: 928: 923: 918: 913: 908: 903: 898: 893: 888: 883: 878: 873: 868: 863: 857: 855: 851: 850: 848: 847: 842: 837: 832: 827: 821: 819: 812: 811: 809: 808: 803: 797: 795: 785: 784: 781: 780: 778: 777: 772: 767: 762: 757: 752: 747: 742: 737: 732: 726: 724: 718: 717: 715: 714: 709: 704: 702:Inverted Jenny 699: 694: 688: 686: 680: 679: 677: 676: 671: 669:Inverted Jenny 666: 661: 655: 653: 647: 646: 644: 643: 638: 633: 626: 621: 616: 610: 608: 604: 603: 601: 600: 595: 590: 585: 580: 575: 570: 565: 563:Series of 1902 560: 555: 550: 545: 540: 535: 530: 525: 520: 515: 510: 505: 500: 495: 490: 485: 480: 475: 470: 464: 462: 458: 457: 455: 454: 449: 444: 439: 434: 429: 424: 419: 413: 411: 407: 406: 404: 403: 398: 393: 388: 382: 380: 368: 367: 365: 364: 359: 353: 351: 347: 346: 339: 338: 331: 324: 316: 308: 307: 292: 274: 263: 242: 222: 205: 204: 202: 199: 196: 195: 191:Inverted Jenny 181: 180: 178: 175: 133: 130: 117:Winfield Scott 103: 102: 96: 92: 91: 85: 81: 80: 77: 70: 69: 66: 62: 61: 59:Winfield Scott 56: 52: 51: 48: 44: 43: 40: 36: 35: 32: 24: 23: 15: 9: 6: 4: 3: 2: 1215: 1204: 1201: 1199: 1196: 1194: 1191: 1190: 1188: 1173: 1170: 1168: 1165: 1163: 1160: 1158: 1155: 1153: 1150: 1148: 1145: 1143: 1140: 1138: 1135: 1134: 1132: 1128: 1122: 1119: 1117: 1114: 1112: 1109: 1107: 1104: 1102: 1099: 1097: 1094: 1092: 1089: 1088: 1086: 1084:Organizations 1082: 1072: 1069: 1067: 1064: 1062: 1059: 1058: 1056: 1052: 1046: 1043: 1042: 1040: 1036: 1033: 1027: 1017: 1016: 1012: 1010: 1007: 1005: 1004: 1000: 998: 997: 993: 991: 990: 986: 985: 983: 979: 973: 970: 968: 965: 963: 960: 958: 955: 953: 950: 948: 945: 944: 942: 938: 932: 929: 927: 924: 922: 919: 917: 914: 912: 909: 907: 904: 902: 899: 897: 894: 892: 889: 887: 884: 882: 879: 877: 874: 872: 869: 867: 864: 862: 859: 858: 856: 854:Miscellaneous 852: 846: 843: 841: 838: 836: 833: 831: 828: 826: 823: 822: 820: 818: 813: 807: 804: 802: 799: 798: 796: 794: 790: 786: 776: 773: 771: 768: 766: 763: 761: 758: 756: 753: 751: 748: 746: 743: 741: 738: 736: 733: 731: 728: 727: 725: 723: 719: 713: 710: 708: 705: 703: 700: 698: 695: 693: 690: 689: 687: 685: 681: 675: 672: 670: 667: 665: 662: 660: 657: 656: 654: 652: 648: 642: 639: 637: 634: 632: 631: 627: 625: 622: 620: 617: 615: 612: 611: 609: 605: 599: 596: 594: 591: 589: 586: 584: 581: 579: 576: 574: 571: 569: 566: 564: 561: 559: 556: 554: 551: 549: 546: 544: 541: 539: 536: 534: 533:Liberty Issue 531: 529: 526: 524: 521: 519: 516: 514: 511: 509: 506: 504: 501: 499: 496: 494: 491: 489: 486: 484: 481: 479: 476: 474: 471: 469: 466: 465: 463: 459: 453: 450: 448: 445: 443: 440: 438: 435: 433: 430: 428: 425: 423: 420: 418: 415: 414: 412: 408: 402: 399: 397: 394: 392: 389: 387: 384: 383: 381: 379: 373: 369: 363: 360: 358: 355: 354: 352: 348: 344: 337: 332: 330: 325: 323: 318: 317: 314: 303: 299: 295: 289: 285: 278: 271: 267: 252: 246: 239: 233: 231: 229: 227: 220: 215: 213: 211: 206: 192: 186: 182: 174: 172: 167: 163: 158: 154: 150: 146: 144: 143:denominations 138: 129: 127: 122: 118: 114: 113:postage stamp 110: 100: 97: 93: 90: 86: 82: 78: 71: 67: 63: 60: 57: 53: 49: 45: 42:United States 41: 37: 30: 25: 20: 1013: 1001: 994: 987: 981:Publications 957:Pony Express 901:Mail jumping 806:Fancy cancel 707:Nixon invert 628: 607:21st century 461:20th century 436: 410:19th century 357:Thomas Neale 283: 277: 266: 255:. 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Index


Winfield Scott
US¢
US $
postage stamp
Winfield Scott
Philatelic Foundation
Scott catalogue
denominations
grill
Inverted Jenny



Siegel power search




"One-of-a-kind stamp nets $ 397,838"

ISBN
0894874756
OCLC
781677423
v
t
e
Philately of the United States
Thomas Neale

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