Petroleum - 5 cents 1958 - Canadian stamp
Specifications
- Quantity: 24 660 000
- Issue date: September 10, 1958
- Printer: Canadian Bank Note Company, Limited
- Perforation: 12
- Scott: #381
Petroleum - 5 cents 1958 prices and values
The value of a Petroleum - 5 cents 1958 stamp depends on several factors such as quality and wear, supply and demand, rarity, finish and more. Values in the section are based on the market, trends, auctions and recognized books, publications and catalogs. This section also includes information on errors and varieties and characteristics.
- Used
- Mint
- With gum - Never Hinged
| VG | F | VF | FDC | |
|---|---|---|---|---|
| Petroleum - 5 cents 1958 | $0.02 | $0.04 | $0.07 | $1.80 |
| VG | F | VF | |
|---|---|---|---|
| Petroleum - 5 cents 1958 | $0.06 | $0.07 | $0.12 |
| VG | F | VF | |
|---|---|---|---|
| Petroleum - 5 cents 1958 | $0.11 | $0.13 | $0.24 |
Description
In the mid-19th century, two men in Canada made valuable contributions to the development of oil. Dr. Abraham Gesner of Nova Scotia discovered kerosene and established its use for illuminating purposes. This discovery of kerosene, (also called coal oil) preceded the commercial production of crude oil. In 1857, James Miller Williams, a businessman from Hamilton, brought the first commercially successful oil well into production in North America. Mr. Williams found the oil lying on the surface in a hardwood swamp near Oil Springs, about twenty miles southeast of Sarnia. As a result of Canadian enterprise the pioneer work in refining petroleum became the basis for modern world-wide petroleum industry. The release of the Oil Development stamp coincided with the World Power conference that convened from 7th September to 11th September, 1958, in Montreal. Canada was host to some seventeen hundred delegates representing fifty two countries. A stylized portion of an oil refinery printed in red within a drop of oil; to the left another drop enclosing a kerosene lamp of the last century.
Creators
Designed by Alan L. Pollock
Picture and lettering engraved by Donald J. Mitchell
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The values on this page are in Canadian dollars (CAD).