The 2026 June Auction - Sale 347 (June 20 - June 23, 2026)
Sale 347
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franked with five 4 fen Dr. SYS basic stamps overprinted in blue with the local post office name “Wukiachen,” tied by Shuanghechang cds and arriving Chungking on Aug 8, 1949. The total postage of 20 fen conforms to the domestic registered letter rate for the period Aug 1 to Dec 9, 1949. The stamps bear the “Wukiachen” local overprint, yet were used at Shuanghechang, representing a cross–post office usage of locally overprinted stamps. Under normal regulations, such overprinted issues were restricted to use within the issuing post office or its designated postal district. However, following the abolition of the Gold Yuan currency in Aug 1949, these regional restrictions were lifted, rendering such overprints effectively “unnecessary overprint.” This cover clearly illustrates the transitional phase in which previously restricted local overprint stamps continued in practical use despite regulatory change. Examples combining “unnecessary overprint” status with cross-district usage are scarce, and this cover vividly documents the shift from strict regional control to freer circulation in the late Silver Yuan postal period, offering significant postal history and exhibition value.
franked with five Kwangtung Silver Yuan stamps of 1 fen each, totaling 5 fen, tied by Amoy cds dated 49.09.14. The franking correctly pays the domestic letter rate of 5 fen. The adhesives, Kwangtung Silver Yuan issues, were used outside their original postal district in Fukien, representing a cross-district usage. Following the invalidation of the Gold Yuan in Aug 1949, restrictions on regional stamp usage were no longer strictly enforced; combined with uneven stamp supply, Silver Yuan stamps from other districts circulated and were accepted for use elsewhere. This cover is a clear example of Kwangtung Silver Yuan stamps used in Fukien. The cover is a commercial envelope of the Standard-Vacuum Oil Company, showing the coastal postal route from Amoy to Swatow, and combining cross-district usage with commercial correspondence. According to current records, such cross-district usages of Kwangtung Silver Yuan stamps are extremely rare, with only seven examples recorded, making this a significant item for the study of Silver Yuan period stamp circulation and the transition of postal district regulations.
denomination 2 fen, undated, each struck with a double-ring bilingual “CANTON / 廣州” trial cancel. Printed as a vertical tête-bêche pair, perforated at the lower margin only, on plain experimental paper without “Chinese Post” background (approx. 87 × 77 mm). This represents an early testing proof from the initial stage of the postage meter system, of extreme rarity, with only one example recorded. Accompanied by a 2017 Experts & Consultants Limited certificate. Preserved in generally fine condition with period traces of handling, an important artifact for the study of the inception of China’s postage meter system and its trial use in Canton, of significant postal history and exhibition value.
bearing thirteen Dr. SYS Gold Yuan stamps and additionally franked with one Shanghai postage meter label (Hu Type 4), tied by Shanghai cds. The total postage of Gold Yuan 189 conforms to the contemporary international airmail registered rate, comprising basic postage, registration with return receipt, and airmail fees. Dispatched one day after the PLA’s successful crossing of the Yangtze River on Apr 21, 1949, this cover originates from a period of rapid Gold Yuan hyperinflation and sharply rising postal rates. Owing to a shortage of postage stamps, the Shanghai Post Office supplemented franking with postage meter labels. The meter label was produced by the only operational franking machine in Shanghai at the time, designated “Hu (4),” representing a genuine mixed franking usage of Gold Yuan stamps and a postage meter label. Such covers vividly reflect the financial turmoil and adaptive postal practices of the period, and rank among the latest recorded examples of mixed Gold Yuan stamp and postage meter label usage. Of significant importance for the study of Shanghai postal operations in 1949 and the early application of postage meter systems, with strong postal history and exhibition value.
bearing fourteen Shanghai postage meter labels (Hu Type 4), tied by Shanghai cds, paying a total of Gold Yuan 12,180,000, equivalent to 300 Silver Yuan fen, correctly fulfilling the 90g international registered airmail rate (comprising basic postage, registration, and airmail fees). Posted one day after the introduction of the Silver Yuan postal system, during a period of extreme Gold Yuan hyperinflation and rapidly escalating postal rates, when postage meter labels were employed to meet high franking requirements amid stamp shortages. All meter labels were produced by the only operational franking machine in Shanghai at the time, “Hu (4),” forming an impressive example of large-scale multiple meter label usage This high-value usage vividly illustrates the transitional phase of monetary reform and postal operations in 1949, combining a clearly defined heavy weight step (90g) with an international registered airmail route (Shanghai to London). An important and visually striking postal history item for the study of the transition from Gold Yuan to Silver Yuan rates, the practical use of postage meters, and the effects of hyperinflation on postal systems, of considerable exhibition and research significance.
bearing a single Shanghai postage meter label (Hu Type 4) with the value of Gold Yuan 3,600,000, tied by Shanghai cds, routed via San Francisco (May 26, 1949) and arriving Ann Arbor on May 27, 1949. The postage, equivalent to 60 Silver Yuan fen, correctly pays the 10g international registered airmail rate for the period Apr 29 to May 27, 1949. Mailed during the Battle of Shanghai (PLA general offensive commenced on May 15, 1949), when despite intense warfare and social disruption, postal services remarkably continued to handle outbound registered airmail. Amid severe Gold Yuan hyperinflation, rapidly changing postal rates, and acute stamp shortages, postage meter labels were employed to meet high franking requirements. A fine single-franking usage of a Gold Yuan postage meter label on foreign registered airmail, showing a clear Shanghai - San Francisco - Ann Arbor route with complete arrival markings. An important postal history item illustrating wartime postal operations in Shanghai, extreme inflation, and the rapid transformation of postal rate systems in 1949, of significant exhibition and research value.
數值罕見。本件使用於1949年4月29日銀圓郵資制度實施之後,然仍以金圓支付郵資,屬新舊貨幣制度交替期間之典型實際運用。當時金圓券急劇貶值,郵資暴漲,郵票供應不足,郵政以郵資機券應對高額郵資需求。該郵資券由上海當時唯一運作之郵資機「滬(四)」印製,為已知極高金圓額郵資機使用之重要實例,可能為銀圓時期仍使用金圓郵資之最高金額記錄之一。此類實寄材料存世極罕,對研究1949年通貨膨脹、貨幣制度轉換及郵資機實際運作具有重要郵政史與展覽價值。
produced by the experimental “Chu (I)” franking machine, comprising 1 fen and 2 fen denominations, each struck with double-ring bilingual “貴陽 KWEIYANG” trial datestamps. These labels were printed by the early British-made “Chu 1” franking machine using specially supplied security paper from the General Directorate of Posts, representing testing materials from the initial establishment period of the postage meter system. This example, showing low denominations (1 fen and 2 fen), reflects the early implementation and experimental phase of the Silver Yuan postal system, with the “中華郵政” underprint paper being particularly characteristic of the earliest stage. Such trial proofs are scarce, offering significant postal history and exhibition value for the study of the origins of China’s postage meter system, equipment distribution, and operational practices across different postal districts.
bearing a single 75 fen postage meter label produced by the “Chu (II)” franking machine, tied by KWEIYANG 49.7.15 cds, dispatched via Canton with transit on Jul 25, 1949 and arriving Portland on Jul 29, 1949. The franking correctly pays the contemporary foreign registered airmail rate of 75 fen (applicable Jul 5 to Nov 14, 1949). The meter label was printed by the British-made “Chu 2” franking machine, representing an early Silver Yuan period usage. This is an outbound international registered airmail cover from inland Kweiyang to USA, showing a complete postal route with clear transit and arrival markings, and illustrating the typical routing via Canton. According to recorded data, such “Chu (II)” franking machine covers are of extreme rarity, with only three examples known. A highly important postal history item for the study of postage meter operations, routing, and international postal practice in the early Silver Yuan period, with significant exhibition value.
bearing a single 18 fen postage meter label produced by the “Lan (I)” franking machine, cancelledby Lanchow cds, transiting Chungking on Jun 11, 1949 and arriving Hsiaolungkan on Jun 12, 1949. The franking correctly pays the domestic airmail registered rate of 18c (4c domestic letter rate + 6c airmail fee + 8c registration fee). The 8c registration fee represents a special rate applicable to the Kansu postal district, whereas the standard registration fee in other Nationalist-controlled areas at the time was 12c, demonstrating a clear regional rate disparity. Covers bearing this provisional 8c registration fee are extremely rare, with only three recorded examples, all used within the short period from Jun 8 to Jun 16, 1949. This example, bearing a Lanchow-issued postage meter stamp, represents an early usage from the Northwestern postal district, and illustrates a typical inland routing via Chungking. At the time, the postage meter system was still in its initial stage of implementation, with limited equipment and material distribution across different postal regions, resulting in distinct regional characteristics in usage. The present cover clearly shows dispatch, transit, and arrival markings, with a well-defined route, and a rate structure that directly reflects the special operational conditions of the local postal system, offering significant postal history and exhibition value.
bearing a single 40 fen postage meter label produced by the “Lan (I)” franking machine, cancelled by Lanchow datestamp. The franking correctly pays the international airmail rate of 40 fen for the period from Apr 29 to Jul 31, 1949. This cover bears a Lanchow postage meter label, representing an early outbound foreign mail usage from the Northwestern Postal District during the initial Silver Yuan rate period, and illustrates the typical routing from inland China via a coastal exchange office (commonly through Hong Kong or other treaty ports) to overseas destinations. At this stage, the postage meter system was still in its early implementation phase, with limited equipment distribution, resulting in distinct regional characteristics in usage. Illustrated in Patrick Choy, China Silver Yuan Stamps (3rd Edition), page 237, Figure 7-8, such foreign-bound airmail covers from Lanchow are scarce, particularly examples bearing postage meter labels and correctly paying the international airmail rate. An important postal history item for the study of early Silver Yuan period international postal rates, inland routing practices, and the practical use of postage meters, of significant exhibition value.
bearing a single 42 fen postage meter label produced by the “Kunming (2)” franking machine, cancelled by Kunming cds and arriving Hong Kong on Aug 13, 1949. The franking reflects the contemporary local currency usage in Yunnan, converted at an approximate rate of 2.8:1 to the Silver Yuan standard, with 42 fen equating to about 15 fen Silver Yuan, correctly paying the airmail rate from Kunming to Hong Kong. This cover represents a practical example during the transitional period of the Silver Yuan postal system, when regional currencies and the national postal rate structure coexisted, clearly illustrating the unique exchange relationship and postage calculation method in Yunnan. The postage meter label, produced by the “Kunming (2)” franking machine, constitutes an early recorded usage of this device. The route demonstrates direct inland airmail transmission to Hong Kong, reflecting the operational realities of external postal communications from the Southwest postal district in the immediate post-war period. Illustrated in Patrick Choy, China Silver Yuan Stamps (3rd Edition), page 239, Figure 7-11,, according to records, only one such commercially used cover bearing the “Kunming (2)” franking machine is known, making this an important and highly significant item for the study of the 1949 currency transition, regional exchange mechanisms, and the practical application of postage meters in different postal districts.
