World’s rarest stamp expected to fetch £10 million at auction

The world’s rarest stamp – the British Guiana One-Cent Magenta – is expected to sell for £10 million.

The stamp was made in 1856 and is the only known copy to exist.

Although printed in its thousands the low-cost stamp and used for newspaper deliveries and most were thrown away.

Stamp expert David Beech said:

“It is the Mona Lisa of philately.

“It is the one stamp that every philatelist and every collector would have heard about and seen an illustration of.”

The stamp – given its size, weight, and value – is said to be the most expensive item in the world.

It is on display at Sotheby’s in London before its auction in New York.

About the Author

Philip Braund spent 16 years at the Daily Mirror as a reporter and news editor before moving to ITV. He was the series producer of the ground-breaking investigation programme The Cook Report, Managing Editor at ITV’s Millbank Studios, and Head of News at ITV Central. He has won national and regional Royal Television Society awards for documentaries.