Filed under: Auctions
"This is the most important private collection of noteworthy Pony Express material ever offered in a public auction," said Scott R. Trepel, President of Robert A. Siegel Auction Galleries, Inc. of New York in a press release. There are 32 Pony Express-postmarked envelopes in the auction, along with dozens of examples of single stamps and multiple blocks of Pony Express postage issued by Wells Fargo & Co. He estimates the collection will sell for $2.5 million or more.
Thurston Twigg-Smith was the publisher of the Honolulu Advertiser from 1961 to 1993 and began collecting stamps at the age of eight in 1929. His favorite item in the collection is one of only two known surviving Pony Express letters that originated from Hawaii. It is valued today at $500,000 or more, it's an envelope with a rare $4 denomination Wells Fargo Pony Express stamp and addresses written in pencil that carried documents from the U.S. Consulate in Oahu, Hawaii to the U.S. Treasury Department in Washington, DC. in August 1861.
UPDATE: This auction brought in $4 million, far above the high estimate of $2.5 million.