Stamp collectors hunger for printing errors, and Cherrystone Auctioneers in New York is selling a 1914-19 First Peking printing $2 black and blue19 with an intricately sketched Hall of Classics perfectly centered—but upside down. One of only 30 thought to exist with this mistake, the high estimate is $250,000 at the Sept.14-15 auction. UPDATE: The Peking 1914 $2 black and blue sold for $250,000. The 1925 3 Cts in Red also sold for $250,000, exactly meeting their pre-sale estimates.Literally thousands of stamps worldwide are being auctioned at Cherrystone’s but still in the China section another extraordinary stamp is also expected to go for $250,000. It’s a 1925 4c slate gray stamp surcharged 3 Cts in red on second Peking printing. The surcharge is inverted. According to the auctioneer, only ten examples of this error were originally discovered.
A Miss Is A Hit For Chinese Stamps
September 08, 2011
Rare Air Mail Stamps At Cherrystone
January 4, 2012Only two copies of the “Black Honduras,” considered the world’s rarest air mail stamp, were known to exist, and one of them has been lost. The surviving example, which Cherrystone Auctions will offer on January 11, set a record at a 1961 auction in New York when it fetched a record $24,500–at the time the most ever paid at an American auction for a single stamp. This time around in New York it’s expected to fly quite a bit higher, to $125,000.
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Upside Down Stamps Will Draw Rightside Prices
November 14, 2011Stamps printed upside down keep emerging from Cherrstone, particularly those printed in mainland China decades ago. One 1941 depiction of Sun Yat Sen is expected to sell in the neighborhood of $200,00 at the December New York auction. It’s thought only one sheet of 50 got out of the post office before the error was spotted. A 1923 Peking stamp with the 2-cent postage inverted, one of only 13 known to exist, is estimated at $150,000.
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29-Cent Stamps Worth A Fortune
September 13, 2011Sometimes the Postal Service can be as unpredictable as the stock market. In 1992, the Post Office came out with a stamp to commemorate the Stock Exchange’s Bicentennial, but 56 were misprinted and the buildings in the center were upside down. A single today is listed at $76,000. At its September 13 sale in New York, Cherrystone’s is selling a rare block of four.
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Rising Value of Unrestored Cars
By Malcolm Welford, Vintage Car Specialist
