Rare 1-Cent Stamp May Fetch $20 Million at NYC Auction

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An ultra-rare 1-cent stamp from a 19th century British colony in South America is expected to sell for a pretty penny when it hits the auction block in NYC this June, and will most likely, be named the world’s most expensive stamp—again.

The 1856 British Guiana One-Cent Magenta has already broken auction records three times and is expected to sell for between $10 million and $20 million during the June 17 auction.

“You’re not going to find anything rarer than this,” Allen Kane, director of the Smithsonian National Postal Museum, told Fox News. “It’s a stamp the world of collectors has been dying to see for a long time.”

The stamp, which hasn’t been on public view since 1986, is currently the only major stamp absent from the British Royal Family’s private Royal Philatelic Collection. “This is the superstar of the stamp world,” added David Redden, Sotheby’s worldwide chairman of books and manuscripts.

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