A reserve price is the minimum price the seller will accept. This price is hidden from bidders. To win, a bidder must have the highest bid and have met or exceeded the reserve price.
The following is reproduced from a poor copy given to me in 1998 by Frank Mandel. It is the Philatelic Foundation note paper that the experts write their opinions upon.
The following articles by Perry were supplied by Scott Trepel.
There is a handwritten correction to the Swiss auction catalog page indicating it is a New Orleans cancel rather than NY and this strip is imaged on ther previous page as lot #2062
The above is a receipt given to me by Scott Trepel insuring the cover for $50,000
The above image is on the Richard Frajola letterhead
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Tel: 718-392-4855
email: postalhistoryone@aol.com
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Siegel Postal History
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