Nicholas F. Seebeck - Hamilton Bank Note Engraving and Printing Co

Hamilton Bank Note Engraving and Printing Co

Seebeck sold his New York stamp business in 1884 and used the money to buy into the Hamilton Bank Note Engraving and Printing Co. In 1889, Seebeck developed a novel plan for Hamilton to print stamps for foreign countries. He offered to supply the stamps for free, provided that:

1. The stamps would be dated and invalidated at the end of each year, to be replaced by a new series.

2. Unsold (invalid) stamps would be returned to Seebeck for sale to collectors.

3. Seebeck retained the right to reprint any invalid stamps as needed for sale to collectors.

Seebeck also apparently insisted on printing stamps with values not relevant to the postal rates of the countries using them. There are many long series of stamps where only a few values corresponded to common postal uses. The remaining values were intended for collectors.

Seebeck took advantage of a unique connection he had to Central America in that his brother-in-law Ernest Schernikow was the New York consul for El Salvador and Honduras. In 1889, Seebeck left for a tour of Central America with letters of introduction from Schernikow to talk with government officials about an idea for a stamp printing arrangement that would benefit all concerned and signed contracts in 1889-1890 with several countries: Ecuador, El Salvador, Guatemala (only for fiscal stamps not postage ones), Honduras, and Nicaragua. The contracts were for ten years worth of stamp issues, and also included official, telegraph, revenue stamps and postal stationery.

German philatelic experts who studied the Seebeck issues early in the 20th century claim that Seebeck, instead of reprinting after the stamps were demonitized had excess quantities printed before the stamps were delivered. Since these stamps were printed during the time they were valid for postage they are still considered original postage stamps, whether they were ever delivered to the respective countries' postal authorities or not.

Condemnation of Seebeck among the collecting community was nearly unanimous. Seebeck failed to realize that most stamp collectors want to collect the stamps that are actually usable and available for postage, and not special creations designed to separate them from their money. They objected strongly to Seebeck's unlimited reprinting rights, the needless yearly creation of new issues, and the issuance of postally-irrelevant stamp values. Stamps with face values up to $10 were issued for the 1892 Columbus anniversary. Although the U.S. and Canada received similar abuse for their 1892 and 1897 stamp series (which included values up to $5), Seebeck's efforts were seen as particularly blatant. Many collectors refused to collect these issues.

Several of the countries backed out of their contracts with Seebeck (Honduras in 1893, and Ecuador in 1896) due to the bad publicity and administrative nuisance of the frequently-changing issues.

Nicholas Seebeck died June 23, 1899, at the age of 42, in the final year of his contract with El Salvador.