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Monday, July 2, 2018

The Rarest Of The Rare Postage Stamps Collectors Are Willing To Pay Millions To Own

By Peter Allen


People collect all kinds of things. It amazes many, who have not been bitten by the collecting bug, that a little, imprinted piece of paper can create intense interest in certain individuals, or have much value. The truth is that a stamp can bring in the millions of dollars at auction, and that a display of rare postage stamps can bring serious philatelists together from all corners of the globe.

The olive colored Queen Victoria's head is an example of a printing error. The Hong Kong stamp was printed in 1864, and was supposed to be gray brown in color. Instead fifty-two sheets were mistakenly printed in olive. In addition to the color error, there is also a mistake in the watermark style and an incorrect placement of the cc. Once selling for ninety-six Hong Kong cents per stamp, a block of four brought nearly six and a half million Hong Kong dollars in 2012.

One of the most expensive stamps in the world is the British Guiana 1 Cent Magenta. It was printed on magenta paper with black ink. This stamp came into being because of a British Guiana postmaster. He had run out of his regular postal supply and talked the local newspaper into printing an emergency batch for him. Postal workers had to initial each stamp to prevent forgeries. The stamp brought $850,000 in 1980.

A printing error caused by the rush of a special event resulted in the Post Office Mauritius. This stamp was issued to commemorate a ball hosted by the wife of the governor. Unfortunately, when they were printed no one noticed that the stamp read post office instead of post paid. One of the twelve left was purchased for $1.6 million dollars U. S. In 2011.

Even non-collectors will recognize the Inverted Jenny. This was the very first air mail stamp issued. The ones that are rare show the plane upside down. This mistake was not hard to make because the stamped sheets had to be fed manually through the press twice. A set of sheets were fed through the wrong way, resulting in an inverted plan. In 2005 someone bought a block of four for $3 million.

The very first stamp was the 1840 Penny Black. It has the face of Queen Victoria in profile as seen during a 1827 London visit. The stamp was only circulated for one year because the background made the cancellation mark too hard to make out. It is believed that only two of these Penny Blacks still exist. One of them was recently purchased by an American for $5 million.

The Treskilling Yellow is the most sought after and expensive stamp in the world. It is a Swedish stamp that was supposed to be green, but is yellow. It was last sold in 2010 for an undisclosed amount. All the auctioneer would say is that it is more expensive than any other single stamp on the planet.

People who love stamps get excited about this kind of thing. The appeal baffles others. Philatelists may not have the money to buy a rare stamp, but they can enjoy the history behind these fragile little pieces of paper.




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