|NEW YORK — Three times in its long history, a one-cent postage stamp from a 19th-century British colony in South America has broken the auction record for a single stamp. Now, it’s poised to become the world’s most valuable stamp again.|
Sotheby’s predicts the 1856 British Guiana One-Cent Magenta will sell for between $10 million and $20 million when it’s offered in New York on June 17.
|The British Guiana 1c magenta is regarded by many philatelists as the world's most famous stamp. It was issued in limited numbers in British Guiana (now Guyana) in 1856, and only one specimen is now known to exist. |
It is imperforate, printed in black on magenta paper, and it features a sailing ship along with the colony's Latin motto "Damus Petimus Que Vicissim" (We give and expect in return) in the middle.