2019-01-04 Fri

A used 1867 5¢ brown Thomas Jefferson stamp with A grill was sold for a mammoth $340,000 at Robert A. Siegel auction on 12th December in New York City. It belonged to the Richard Drews collection and is considered to be one of the rarest US stamps. Only four known examples of this stamp exist today and all of them are in used condition.

The stamp has a listed market value of $260,000, but it’s difficult to value these stamps accurately. The stamp is known for its patterned paper embossing that could damage perforations at times. However, the offered stamp features better perforations comparatively. It also depicts a manuscript cancel of crisscrossed lines. There’s a small crease at top right corner and little internal paper breaks in the middle created due to grill and manuscript.

On 15th November, Siegel auction had sold the Position 49 1918 Jenny Invert stamp, graded EF 90 by the Philatelic Foundation, in never-hinged condition, for a record price of $1.593 million.

Image Courtesy: Robert A. Siegel Auction