Independence Day Super Sale. Flat 20% Off on our Exclusive Products. Shop Now


New Amsterdam Collection at Cherrystone Auctions

22 Jul 2019  Mon

On 10th July, Cherrystone Philatelic Auctioneers sold one of the two known black coloured 15¢ postage stamps featuring Abraham Lincoln with a Z grill issued in 1867, for $1.4 million, setting a new record price for a single US stamp. It was a part of a 220-lot New Amsterdam collection put together over a period of 50 years. The same stamp was sold for $1,610,000 in 1975 and William H. Gross owns the second example. The most expensive bid for a single US stamp until now was made on 15th November 2018 when Robert A. Siegel Auction Galleries sold a mint never-hinged position 49 24¢ Jenny Invert airmail error stamp issued in 1918, for $1,593,000.

Another interesting offering from the New Amsterdam collection was a 3¢ rose coloured stamp featuring George Washington issued in 1867 with B grill. Only four known examples exist today and the offered stamp was sold for $661,250. All the four known examples were used on a cover that was sent from Mason to Darmstadt. The original cover was also offered, showing the marks where the four stamps were stuck.

A 10¢ green coloured stamp featuring George Washington issued in 1867 with Z grill was auctioned for $1,150,000. A pair of two vertical coil-2¢ carmine coloured stamps featuring George Washington issued in 1908 with original gum in unused condition was offered at an opening bid of $300,000 against a listed market value of $450,000 and was eventually sold for $805,000. Only four such pairs are known to collectors today. The same bidder had also bought a 30¢ orange coloured stamp featuring Benjamin Franklin issued in 1867 with A grill for $172,500. All the three rare grilled stamps bought by the bidder had a total value of $3,421,250 and were transported in a high-security car.

Visit philamart to view and purchase variety of stamps from all over the world.

Image Courtesy: Cherrystone Philatelic Auctioneers

Knowledge Base