Tuesday, May 17, 2011

Stanley Gibbons is Selling a Single and very Rare Canadian Stamp for £110,000

If you can spare the cash here's the Stanley Gibbons sales pitch - I suppose if I were a billionaire then I'd buy it in a flash!
In fact, just 28  Commonwealth stamps are catalogued at over £100,000 at the moment. Just 28  stamps from 109 stamp issuing countries or regions across 160 years since 1847, and some of those are  errors rather than basic stamps.

We have only  handled five of these items in the last 30 years. Due to the nature of the  market it is very rare that we are able to offer you a Commonwealth stamp of such magnitude.

But, let me tell you about one  particular Commonwealth stamp that you have the chance to own...

The stamp is available  to buy for £110,000. At that price and coming from Stanley Gibbons, you know immediately that it is  very rare and very special. This could be a once in a lifetime opportunity. The  stamp in question has not been on our books for over 30 years.

With only about  50 unused examples known to exist (10 of which are in horizontal pairs), its  scarcity and desirability is easily explained.

The stamp is one  of the first postage stamps issued by Canada. Three different  denominations were printed: a 3d (showing a beaver), a 6d (portraying Albert the  Prince Consort) and a 12d (showing the head of Queen Victoria).

The last stamp, a  black stamp, was given the denomination of 12d rather than 1s because a  shilling had different significance in various parts of North   America at the time. The inscription of 'TWELVE PENCE' on the  stamps ensured that there was no misunderstanding of their value.

There was not a  great need for the 12d stamp because so few people would send a letter that  required such a high value stamp. Consequently, the printers supplied only a  small number of the 12d.

They were not  even issued to every post office in Canada and they did not prove to be  popular with the public. In the few years they were available, only 1450 were  sold and the remaining 49,550 were withdrawn and destroyed.

Interestingly,  the value of this stamp was known to the earliest collectors as it featured in  the world's first printed catalogue - Alfred Potiquet's in 1862. The  stamps soon started changing hands for over £1 - a princely sum in those days.

In a book simply  called 'Famous Stamps' published in  1946 the price of the stamp was quoted as £750. Just over 60 years later and we  have just one available for you for £110,000.

The Canada 12d is  indeed a famous and very beautiful stamp. There are a couple of stories that  have earned it its place in stamp collecting folklore. Rather embarrassingly,  here at Stanley Gibbons, we may have  played our part in that folklore.

Hugh Jefferies,  editor of Gibbons Stamp Monthly, was telling me a story this week about our possible  role in making the one of Canada's  greatest rarities that little bit rarer...

One summer's day  early in the 20th century, a dealer had five examples of the stamp  laid out in front of him on a table. Unfortunately, with the window already  open, a colleague opened the office door creating a draught that swept the  prized rarities off the table into the street.

The common belief  is that this street was the Strand in London  and that the dealer in question was Stanley Gibbons. Unfortunately (especially  for the staff involved), none of the specimens was ever recovered.

Just imagine five  of these stamps floating down the Strand on a  breeze today. I think it's fair to say that the entire staff would be out  chasing after them! You'll be pleased to know that such an event couldn't occur  today.

Another dealer (not  Stanley Gibbons this time) allegedly  bought several specimens from a fine collection only to put them in an envelope  for safekeeping and subsequently throw the envelope into the wastepaper basket  - again, diminishing supply.

These losses simply  served to make the 12d black even more sought after. Now is your chance to secure  one, before this example disappears for another generation.

This is the  first Canada  12d black that we have been able to offer for over 30 years.

It is only fair  that last word on the stamp goes to our Director of Philately (and Commonwealth  specialist), Dr Philip Kinns who is  very proud to offer such a magnificent rarity:

"This is (and always has been) a very  valuable stamp. In January, Spink Shreve sold an 'unmounted' example with large  margins, promoted as the finest single known (which is a matter of opinion) for  $483K at auction."

All of a sudden, £110,000 seems like a good price for  it.

You can own this  famous rarity today. You will be securing a stamp with a great history and  provenance and one that has shown an astounding growth in value.

And remember,  this is the only single stamp we have in stock priced at over £100,000.

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