MastroNet August 2005
This lot is closed for bidding. Bidding ended on:
Herbert Hoover, the 31st President of the United States, signed this envelope as an exercise of his presidential right to free postage. The White House envelope is postmarked in Washington, D.C. on November 7, 1929, a little over one week after "Black Tuesday"—October 29, 1929— the infamous date in history when the stock market crashed and the values of stocks plummeted. The decline led to thousands of shareholders losing huge sums of money, which ultimately spiraled the country into the depths of the Great Depression. The 6-1/2" x 3-3/4" envelope exhibits light toning and presents at the EX/MT level, with the large free-franked signature, "Herbert Hoover" (grading "9"), boldly affixed in black ink. The cover has been addressed to "Mr. Edward Stern," who in 1936 published a book entitled History of the 'Free Franking' of Mail in the United States. This very example appears on Page 28 of that book. A virtually unheard-of and very rare free-frank example from the Hoover administration! LOAs from Steve Grad and John Reznikoff/PSA DNA.
Rare Herbert Hoover Signed 1929 Free Frank as President
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