2016-02-16 Tue

The 1901 2c Pan-American Invert Stamp was auctioned for USD29, 500. The stamp was Kelleher Auctions. The error stamp of 2 cents was sold at the Kelleher Auctions held at New York in 4th Feb 2016. The stamp was released for the 1901 Pan-American exposition. It showcases the American technological advances. 1901 Pan-American exposition was held at buffalo, which was known for the better railroad connections. Hence, the stamp commemorating the Pan-American exposition depicts the image of railway engine. The 2c Pan-American invert was printed accidently due to complexities involved in printing and sent out to US post offices. Few stamps remained in the circulation and find the way to the collector’s pocket. Around 150 examples of the 2c are known to exist. One such stamp achieved USD29, 500.