Lot 116
Canal Zone 1924 Unissued 5¢-$1 Coat of Arms (69 footnote), complete set of seven. Dry o.g. as always. Fresh and F.-V.F. Only about a dozen complete sets have been recorded. CZSG 69A-G.
Scott $2,450
The decision to begin using overprinted U.S. stamps in the Canal Zone beginning on July 1, 1924 resulted in the cancellation of plans to release the seven high values of the Coat of Arms set. Panama requested that 600 sets be sent to them, ostensibly for transmission to the U.P.U. in Switzerland. Soon after that request was complied with, however, sets became available from stamp dealers in Panama, France, and England. It is assumed, therefore, that the small quantity of sets now in collector's hands are from this group of 600 sets sent to Panama. The balance of the supply was destroyed in 1937.
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| Realized $1,050 |
