1868 B-Grill Sells for Million Plus

The New York Times reports, "In a sign that high-end collectibles may withstand the economic downturn, a near-record price for a rare postage stamp was set last week at an auction in New York City."

Auctioned on Wednesday at the Siegel Auction Galleries, an anonymous bidder bid $1,035,000 for the 1868 stamp shown above. It is one of only four known copies with a B-grill.

According to the Times, "The four were rediscovered in 1969, on a single envelope from a letter mailed to Germany. The stamp is one of the keys to assembling a complete collection of American stamps."

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