Memphis Tenn., 5¢ Red #56X2, two singles, slightly overlapping – the left of which is a large right sheet margin, tied together by neat  MEMPHIS / Ten. // JUL / 28 / 1861 CDS on cover to “Honl A[lexander] H. Stephens, Vice President C.S.A., Richmond, Va.,  usual docketing on back indicates letter was sent by president of Memphis Chamber of Commerce in relation to Confederate finances, left stamp has light vertical crease, slightly reduced at right and tiny edge tears at top. Ascarce multiple-rate use, ex Kaplan, with 1961 Raynor Hubble certificate / invoice to Mrs. Richard House. 2012 SCV for a single on cover is $2,000, for a pair on cover is 4,000.  $1,500.