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Lot Number: 172
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Estimate Range: $600 - $800
Current Bidding Status
This Lot is CLOSED for Absentee Bidding.
Gage Brother(s) & Drake Ten Cents “Tremont House” Plain Frame

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1862 Civil War Encased Postage Stamp, EP-114, HB-123, S-91, Reed-TH10, Ten Cents, GAGE BROTHER(S) & DRAKE, Plain Frame Type, Extremely Fine.

Rarity-2 (51 to 100 known) according to Fred Reed. The 1861 U.S. Postage issue deep green George Washington stamp has excellent centering. Its bold appearance is enhance by being displayed through its clear mica having some trivial surface laminations allowing a bit of soiling within at Washington’s neck, which without it, we would grade it About Uncirculated. Its golden-chestnut toned case has sharp legends with natural underlying luster seen on the reverse. A pleasing example of this Ten Cents, GAGE BROTHER(S) & DRAKE, “Tremont House” encased postage stamp.
The Gage Brothers were George W. and David A. Gage. Drake was John B. Drake. Both the first and second Tremont Houses burned down. The first hotel with this name burned down in 1839, while the second succumbed to fire in 1849.

The third Tremont House was five-story tall and at its opening on September 29, 1850, it was the tallest brick building in Chicago. George and David Gage bought the hotel in 1853. The hotel burned down again during the Great Chicago Fire of October 1871.
Keywords: Encased Postage Stamp, 1862, Fred Reed
Lot Number: 172
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Estimate Range: $600 - $800
Early American History Auctions, Inc.
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