1875 $6 newspaper stamp to see $80,000 from Schwenk collection



2015-06-26 13:53:46

1875 $6 newspaper stamp to see $80,000 from Schwenk collection

The George Schwenk collection of US newspaper stamps stars a rare 1875 $6 ultramarine

One of just 14 examples ever sold of the 1875 Special Printing $6 stamp leads the George A Schwenk collection of newspapers and periodicals at Robert A Siegel Auction Galleries on September 18 in New York.

1875 Special Printing newspaper stamps The stamps were reissued, though their high value meant that very few sold

Only 500 examples of the $6 Special Printing were ever made, and just 14 were actually sold. Today, just five certified copies are known and these are extremely rare at auction, with Siegel stating: "This is only the second we have offered since keeping computerised records; the last we offered was in our 2003 Rarities sale."

Valued at $80,000, the $6 leads the sale, which comprises some of the finest newspaper stamps to be offered in recent years.

Newspaper stamps first appeared in the USA in 1865, after Congress passed an act which would allow postal employees to accept deliveries from trains and immediately send them for delivery without having to pass through a post office first.

With postage fees paid in cash, the post office department issued the stamps to ensure their funds were received.

The 1875 Special Printing provides some of the highest valued stamps in the sale, with a $1.92 dark brown - one of only 41 sold during the nine years they were on sale - valued at $22,500.

The 1875 Special Printing came as the post office reissued all stamps of the United States in celebration of the Centennial Exposition in 1876. However, due to their high face value and obscurity, many collectors did not buy the newspaper stamps, making them extremely rare today.

Paul Fraser Collectibles offers exceptional stamps for sale.

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