Description and Analysis
1884 1C PF
Description & Analysis
1884 is another proof issue that had far higher sales than the hobby could absorb at that time. Dealers bought the unsold remainders at the end of each year, reportedly at or near face value.
Despite years of poor storage in their original tissue papers, these hoards have provided collectors with a reasonable number of fully red gems. Cameo pieces are in the minority, but the example above illustrates that they do certainly exist.