Friday, November 20, 2009

Rare Canadian stamp fetches $260,000 U.S.

From CBC News - November 20, 2009

A 12-pence Canadian stamp more than a century old has sold for US$260,000 at a New York auction, the highest price ever paid for a single Canadian stamp.

"It's an amazing accomplishment to get that kind of price for that stamp," said Charles F. Shreve, president of Spink Shreves Galleries, the New York company that conducted the auction Thursday.

The 1851 black 12-pence pre-Confederation stamp bears a image of Queen Victoria and is one of the finest surviving examples from that era and the auction price sets a record, said Shreve.

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