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One of world's rarest stamps to be auctioned.

One of world's rarest stamps is going up for auction this weekend and could fetch a record-breaking price, the head of a Geneva auction house said.

The Swedish "Treskilling Yellow" is believed to be the only surviving misprint of an 1855 three shilling stamp that was supposed to be green. It has fabled status among collectors and is considered one of the world's most valuable objects pound for pound.

"I'm hoping it will be a new record," auctioneer David Feldman said Friday. He oversaw its last official sale in 1996 for 2.875 million Swiss francs (then about US$2.3 million).

Saturday's auction will involve several undisclosed telephone bidders whose credentials have been checked, Feldman told The Associated Press.

2 comments:

egbert said...

I read the article at att.net, and it said that the (British) Guyana 1 cent mag... only worth $1M.

I thought that in 1982 it worthed
$11M.

Am I right??

Hyped Talk said...

British Guiana 1c magenta was brought by John E. du Pont for $935,000 in 1980. Today it is believed to be locked away in a bank vault, while its owner serves a 30-year sentence for murder.