Thursday, April 13, 2017

'Superstar of stamp world'

Three times in its long history, a one-cent postage stamp from a 19th-century British colony in South America has broken the auction record for a single stamp. Now it’s the world’s most valuable stamp again.

The 1856 British Guiana One-Cent Magenta sold for $ 9.5m.

It is imperforate, printed in black on magenta paper, and it features a sailing ship along with the colony's Latin motto "Damus Petimus Que Vicissim" (We give and expect in return).
The British Guiana 1c magenta is regarded by many philatelists as the world's most famous stamp. It was issued in limited numbers in British Guiana (now Guyana) in 1856, and only one specimen is now known to exist. The stamp was discovered in 1873, by a 12-year-old boy sorting through his uncle’s old letters. Within five years, the world’s most renowned stamp experts had recognized its rarity, and the one-cent magenta was transported into the world of the ultrarich, where its value began to appreciate rapidly.