1 cent British Guiana Stamp -2

The Stamp Worth More Than A Private Jet

In this digital world, you could be forgiven for thinking stamp collecting a very antiquated hobby. But you would be mistaken, because philately is still very popular and has the potential to be as lucrative as art.

The latest case in point is a stamp that you are unlikely to have heard about unless you’re a collector, or a major dealer like David Coogle. The stamp, which is worth more than a small private jet, is the unremarkable-looking 1856 British Guiana one-cent magenta. Only one is known to exist in the world, and it’s due to be auctioned in New York this summer. The stamp, known as the “Mona Lisa” of the stamp world, is one of the world’s first, and has not been displayed in public in nearly 30 years.

The previous owner was a du Pont heir who was convicted of murder. He passed away in 2010, and his estate sent the stamp to Sotheby’s, where experts predict it could sell for $20 million. David Coogle comments: “The one cent magenta is a white whale. It’s the rarest, most valuable stamp in the world, and I feel privileged to have seen it.”

John DuPont