OPERATOR 5 'MINT' U.S.A. EXAMPLE (NOT CANADIAN) REFERENCED IN HAKE GUIDE.
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Winning Bid:
$10,925.00
(Includes 15% Buyer's Premium)
Bidding Ended:
Thursday, February 3, 2011 12:00:00 PM (20 Minute Clock Begins At Thursday, February 3, 2011 12:00:00 PM)
Auction:
Auction #202 - Part II
Item numbers 1554 through 3213 in auction 202
Item Description
This 1934 pulp magazine ring was issued in two distinct versions and we recently realized the reason for that as we will explain. The Hake Pop Culture guide (Oct. 2008) lists this ring as OPR-1 and reported of the 12 known: Two in N. Mint and one in Mint. The N. Mint value is listed as $16,000.00. The Mint example was not assigned a value. This is the example the book designated as Mint. This ring was used for distribution in the U.S.A. Since the guide was published, in Auction #199, we sold one additional example for use in Canada and we described it as: "Quite close to absolute Mint condition. When the opening for the finger is viewed, one side is just a hair less perfectly circular than the other side. Other than this exceedingly trivial qualification, both the silver luster and the enamel surface display in Mint condition and in fact are in Mint condition as made, even under magnification." The description for that ring holds true for this ring. The only difference in the two rings is that the Auction #199 example had the words on the inner band "Made In U.S.A." along with the symbol of the maker Uncas. We realize those words "Made In U.S.A." on the Auction #199 ring (as well as some examples of the Spider pulp magazine ring) mean that version was intended for Canadian distribution. The ring offered here, and those without that text, were for distribution within the U.S.A. where the country of origin was not an issue. Thus, we now have seen two rings which are essentially Mint: The Auction #199 example used in Canada with text "Made In U.S.A." and this example used in the U.S.A. and without the text. Both are incredibly rare, first because the ring was offered by the magazine for only six months in 1934 and second because the silver luster was so prone to wearing off. Our Canadian version exceeded $10,000.00. This U.S.A. version opens at $8,000.
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