World's Rarest And Most Valuable Stamp Goes On Display In Washington D.C.

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The 1856 British Guiana One-Cent Magenta stamp sold for $9.5 million (Credit: Joseph Baum and William Dallas printers for local postmaster, E.T.E. Dalton /Wikimedia Commons/Public domain)

To amateurs, the 1856 British Guiana One-Cent Magenta stamp that measures a mere 2.5 cm by 3.2 cm may appear to be like any other ancient postage stamp. However, for philatelists this octagonal scrap of paper that bears an illustration of a three-masted ship is a one-of-a-kind treasure, for which an avid collector recently paid $9.5 million. According to Sotheby's, the One-Cent Magenta is not just the world's most expensive stamp sold at an auction but also its most valuable object by weight and size!

What's even more interesting is that while philatelists all over the world have known about the stamp for years, most have never had a chance to see it in person. That's because since its discovery almost 140-years ago, it has been in view for a total period of less than a month. That is the reason the recent announcement that this invaluable scrap of paper will be exhibited at Smithsonian's National Postal Museum's until 2017 is generating such excitement.

By now you are probably wondering what makes this stamp so valuable. For that, we will have to travel back in time to when the modern day nation of Guyana in South America was a British colony known as British Guiana.

Members of the Guyana Philatelic Society with T-shirts showing the stamp (Credit: Philafrenzy /Creativecommons.org/ CC BY-SA 4.0)

It all began in 1855 when a colony postmaster received a shipment of just 5,000 stamps instead of the 50,000 he had been expecting from Great Britain. Since the next shipment would not arrive for at least ten weeks, the enterprising worker decided to print temporary four-cent and one-cent postage stamps to fulfill demand. The pricier stamps were used to mail letters and the latter for newspapers. As a result, while many specimens of the former remained, the latter disappeared along with the tossed gazettes.

In fact, the existence of the One-Cent Magenta would have probably been forgotten had it not been for twelve-year-old Vernon Vaughan. The budding philatelist who stumbled upon it in 1873 thought it looked interesting enough to add to his collection. The stamp then went through several owners before it was purchased by John E DuPont, the heir to the DuPont fortune in 1980, for what was then a record price of $935,000 USD.

The One-Cent Magenta was seen only once after that until last June, when DuPont's estate handed it to Sotheby's to auction. To verify its authenticity, the auction house approached the Smithsonian Institution. The officials there seized the opportunity to ask the auctioneers to request the new purchaser, shoe designer Stuart Weitzman to lend it to them for other avid fans to admire. To their delight he agreed! Smithsonian officials believe that the One-Cent Magenta will not only help attract more visitors to the National Postal Museum but also help revive interest in postage stamp collecting.

Resources: smithsonianmag.com, sotheby's.com

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112 Comments
  • megacharizardx
    megacharizardxThursday, December 15, 2016 at 9:40 am
    I collect stamps and I wish I could have that stamp.
    • whak headThursday, February 18, 2016 at 2:19 pm
      and to bkvamp who said that "not a fair trade for 1 cent stamp. 1,000, maybe but not 5 million!" well it isnt unless it is in high demand and in low quantity.
      • whak headThursday, February 18, 2016 at 2:17 pm
        man that is the most money ive ever heard of for a stamp. from 1¢ to $9.5 million, thats impressive!
        • jasonSunday, December 6, 2015 at 5:26 pm
          I ike somin
          • Illuminati Wednesday, September 30, 2015 at 6:02 am
            That stamp has 4 sides. 4x4=16. 16 divided by 2=8. 8-5=3.A triangle has 3 sides. ILLUMINATI CONFIRMED.
            • william6
              william6Tuesday, September 1, 2015 at 9:03 am
              That was really interesting
              • bkvamp
                bkvampFriday, July 31, 2015 at 12:59 pm
                not a fair trade for 1 cent stamp. 1,000, maybe but not 5 million!
                • Random personThursday, July 30, 2015 at 6:36 pm
                  I saw it when I went to Washington dc
                  • grindtime
                    grindtimeWednesday, July 29, 2015 at 7:34 pm
                    insane and cool
                    • Lilly KarolleFriday, July 10, 2015 at 7:33 pm
                      we might see it when we go to washington dc!