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World's priciest stamp AND coin for sale!
On June 8 we
will all know what the world’s rarest stamp has sold for. With an estimate
of $US10-15 million, plus goodness knows what in all the Auction house buyer
fees, there will be a new owner for sure one hopes and imagines.
A women’s shoe designer’s playthings.
It last sold for a $US9.48 million invoice price, also by Sotheby’s
- near exactly 7 years ago, on June 17, 2014. The seller is American
woman’s shoe designer Stuart Weitzman, based in New York. More on him and
his foibles later!
Offering together a very smart idea.
It might be a very smart move offering the three pieces together. Some Arab sheik, or Texas oilman, or Bitcoin investor etc, might decide it is cool to buy both the world’s priciest coins and stamps in one hit, and an invoice price for the 2 main items of about $A25 million would not surprise me at all.
A $10+ million plus stamp perhaps?
Bond rate returns globally are near (or below!) zero, stockmarkets are pretty
jittery, and in that kind of climate there are many well-heeled folks looking
for something with kudos and provenance to park some funds in, AND have
at the same time own a couple of unique and famous items as well.
This is why Picassos always sell well!
Value over $US350 BILLION per kilo.
The stamp is defective, cut-to-shape, very heavily faded, has been “painted in”, over past surface scuffing, and now has been signature vandalised with a sharp pen/pencil by owner Weitzman, but it will still sell for many millions despite this COVID cloud we are all living under.
World’s most valuable object by weight.
last sale really spoke volumes about the health of the stamp hobby globally.
The 2014 auction yielded superb and positive global publicity for stamps,
and lots of mass media of all kinds, and that is always most welcome.
“The world’s most valuable object by weight” etc.
Royal Collection does not have one.
As I said in that
interview, it is the ONE major Commonwealth stamp rarity the Royal Collection
does not possess. KGV was underbidder to Arthur Hind,
and who knows, there may still be some interest in it going there.
It was strongly thought by many the Queen was the buyer last time it was
auctioned, as buyer was “anonymous” for quite a while.
The world’s very priciest coin?
On July 30, 2002,
the USA 1933 $20 coin was sold at a Sotheby's auction held in New York for
$6.6 million, plus a 15% Buyer's Premium, and an additional $20 needed to
"monetise" the face value of the coin so it would become legal currency
- in a bizarre deal the Feds struck with the seller.
Money cannot buy wisdom.
One of the more fascinating aspects of the famed British Guiana 1856 1¢
Black on Magenta stamp is the reverse side, which shows the personal
owner marks of several of its famous (and infamous) owners over the past
Century. Few stamps exhibit so many owner marks. No stamp in history
has ever COST this much of course!
Just SO subtle, Mr. Weitzman.
Having apparently far more money than sense,
Weitzman appears to have executed this vandalism using heavy pressure,
with a sharp HB pencil or even a metallic ink ball pen. See photo of it
nearby. Watching him clumsily sign it on the video was disturbing. He
seemed there to have zero clue about the history of the stamp.
We are ALL just temporary custodians.
We are all but
temporary custodians of any stamp or cover or coin we own,
and this kind of dopey and thoughtless stuff is infuriating - to me
anyway. Sure, he can slice it all into little pieces if he really
wishes, as it is right NOW his plaything, but such an
over-the-top defacement was excessive to most who commented online.
Will Jenny keep flying high?
Also for sale on the same day as the British Guiana stamp
and $20 coin, is the unique Plate Block of 4 of the USA 1918
“Inverted Jenny” 24¢ stamp. The block is hinged which means a big
hit on Jenny prices, but being the plate block, will likely still fetch
several millions - likely not as many as Sothebys estimate of $US5-7
million, before commission.
Gibbons are not always on the ball!
In general Stanley Gibbons catalogues are
remarkably accurate, and offer a solid and reliable quote re the value
of scarcer stamps. Naturally they are NOT always correct, which is
where my lifetime mantra comes into play - “Knowledge Is Power”.
Dealers closer to the scene often are more knowledgeable.
Superb MUH block 6, but affordable.
The Third watermark NWPI also has some pretty pieces. I have sold this
quite superb MUH “A/B/C” setting strips of 3 block of SG 99 several
times over the years, for a few $1000 each time. If it were not
overprinted, you could add several zeros UN-overprinted it is cat
over $100,000 for 6 singles!
THE most under-priced stamp in SG?
That seemed AWFUL low to me, as I have not had one for 10 or 20 years.
Out of interest I went got out my SG Cat from 1988, and SG 85 was cat
£850! 20% higher than today - 23 years on. Weird. No more
supply has appeared of course, and global demand for all things NWPI is
literally about 5 times what it was 23 years back.
One offered for double Gibbons.
And even that
seems rather low priced from the few on offer - leading US dealer in
Commonwealth stamps, Colonial Stamp Company has a used one for auction
this month with an estimate $US10,000 - plus his 15% Buyer Fee. That of
course is well over DOUBLE the full SG level, so it will be interesting
to see what it fetches.
This is *NOT* postally used!
HE certainly knows it is misleading NOT to clearly describe it as a
non-postal cancel, when asking many $1000s, but many do not have that
knowledge to know what it is. To that end, I am suggesting Gibbons add
this footnote in the NWPI listings, to in future protect the unwary from
those who know better, from getting conned in future, into paying postal
used type prices.
Two strong NWPI tips for you.
My tip to all reading this is, if you EVER see a mint or postally used
NWPI SG 85 for sale - grab it NOW, at today’s silly prices. Hopefully
someone in the SG deep labyrinths will jolt themselves into 2021, and
crank this one up to several times from today’s silly low levels, in
quick order. It is a MAJOR Rarity. Any buyers purchasing on today’s
nutty low levels, will then have a large smile on their face.
Costs less than the current PO Year Book!
Do not ask me for one, as I do not have any right now, but each time I
sell for $150 or so, I am amazed they trade for so little money. That
Tinyurl.com/opNWPI is a 600+ post discussion on
stampboards on NWPI stamps, detailed settings info, and forgeries etc,
with some leading world experts being active on there, for those
interested to raise new matters and questions.
WHAT Kangaroos to buy?
I often get asked what used Kangaroo stamp is worth perusing to pop away
“for a rainy day” or to try to seek an extra copy of etc. I see
more Kangaroo stamps than near any other dealer on earth, both mint and
used, and have done for over 40 years, so I have plenty of first-hand
1915 Second Watermark 9d Roo.
Gibbons list this stamp as SG 27 at £48 - under HALF what it should be in SG. ACSC is $A90 for the cheapest shade, and that is more like the retail level of anything half decent. Track down some nice examples where you can, but be CERTAIN the seller is not “dreaming” with the watermark ID - as they mostly are, sadly.
WWI emergency expediency printing.
This SG 27 was an Emergency Printing on the
Crown over A watermarked paper, made for the far wider sized KGV head
stamps. Why? As the regular paper could not be sourced from Europe -
due to merchant shipping to here being sunk by the Germans etc. Same
story with consistent colour printing inks from Europe during WWI not
9d Inverted Watermark, cat $5,000.
One highly sought after variety on this 1915 9d Kangaroo,
is the “Inverted Watermark”. They are very scarce, but I do like
it, and actively seek them, and have owned and sold nearly all the known
copies over the past decades, as they are very popular, and get more so
The $165,000 stamp is now just $5,000!
However oddly, it is only priced $5,000 today. Only a
few used are known, and most of those are faulty.
I just bought a rather decent looking used example very
well this month, that I added to stock for $1,600, if anyone is missing
that gap in their collection. FAR, far, scarcer than any
What watermark is this - can YOU tell?
As the First,
Second and Third watermark stamps all have very similar
looking Crown over A watermarks, experienced eyes are needed to sort
them apart. Especially in USED, where hinge remains and gunk etc often
cover a good deal of the reverse.
What Bi-Colour Roo to chase?
Moving along to the higher values in the Roo series, the Bi-Colour
Kangaroos have one standout contender in my view, as the most
under-rated value, and that prize goes to the 1913 10/- First Watermark,
SG 14. This stamp had a rather short life, near all of it during WWI.
Grab any NICE used you see.
Indeed, 5½ times more were sold of the latter, and that roughly reflects
my stockholding at any time over 40 years - 5 or 10 to one. Today I
checked and have 8 of the 1913 10/- in stock in used, and 48 of the
1917, covering all condition grades - most are pretty ordinary sadly.
Most destroyed after PO Audit.
We must remember that MOST of these 10/- were used on Telegrams, and
were destroyed by PO after audit and storage for a year. Some
Postmasters furtively leaked out the audited copies to dealers, which
exhibit the large circular auditor punch holes. They are sold as
“space fillers” for about 20% the price of un-punched examples.
Postal VFU 10/- near non-existent.
The majority of “used” SG 14 out there are corner
CTO copies from presentation packs and Specimen packs - which cost way
more than postal used, oddly. Many serious collectors eschew those
Specimens, for one POSTALLY used, which are near non-existent.
WWI Hi-Val cancelled HAWAII!
Usually the perfs and centering are terrible on
all these 1913 issues, as the paper choice was poor for stamps, with
long very tough fibres, that ripped out perfs readily when separated.
Near all short perfs on First Watermark are on the SIDES. A
little known fact!
"KNOWLEDGE IS POWER" as I type incessantly - I cannot over-stress the importance of having a solid stamp library. Often the very FIRST thing you look up, often pays for that book forever! A number of wonderful reference books have appeared in recent times. In many cases within Australia under the new AP parcel rules, buying 2 or 3 or 4 books costs the EXACT same shipping as ONE does, so do give it some thought! Within Australia, 3 or 4 books often costs about the same shipping as 1 book etc! (Superb VFU, valuable franking used on ALL parcels as always.) ALL in stock now - click on each link for FULL details on each book. Hint for these as GIFTS! Buy FIVE or more, and deduct 10% OFF THE LOT! Glen
Stanley Gibbons *current* AUSTRALIA AND STATES
& PACIFICS - Near 400 pages $A90 (Stock 736EQ)
Hugh Freeman Numeral Cancellations of New South Wales" Huge hard cover $A185 (Stock 736LE)
Geoff Kellow the superb hardcover 'Stamps Of Victoria' Ret $165 : BIG DISCOUNT - $A120! (Stock 842FQ)
Stanley Gibbons “Stamps Of The World” - 6 MASSIVE books save $300! - $A399 (Stock 892JQ)
Superb ACSC "Australia Postal Stationery" Catalogue - huge 484 pages colour $A240 (Stock 782DV)
ACSC New full colour catalogues for KGVI and QE2 – the BOTH huge A4 books $240 (Stock 892JC)
The Arthur Gray "KGV Reign" Collection, Superb hard bound leather Catalogue just $A65 (Stock 368WF)
500 page ACSC New “Australia KGV Reign” catalogue in Full Colour - just $A170 (Stock 382KX)
Stanley Gibbons superb "2021 British Commonwealth Cat" - 780 pages hardbound
- $A195 (Stock 893JX)
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