โ Scribed by Barron, James
No coin nor oath required. For personal study only.
When it was issued in 1856, it cost a penny. In 2014, this tiny square of faded red paper known as the one-cent magenta sold at Sotheby's for nearly $US9.5 million, the highest amount ever paid for a postage stamp at auction. Through the stories of the eccentric characters who have bought, owned and sold this stamp, The One-Cent Magenta weaves a fascinating tale of obsession to own a treasure that no one else can have.
One-cent magentas were provisional stamps, printed in British Guiana when a shipment of official stamps from London failed to arrive. They were intended for periodicals, and most were thrown out. But one stamp survived. It has had only nine owners since a 12-year-old Scottish boy discovered it in 1873 (and sold it for what would be $17 today). Later owners included a fabulously wealthy Frenchman who hid the stamp from view โ even King George V of England couldn't get a peek โ a businessman who travelled with the stamp in a briefcase he...
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