A rare Chinese stamp from 1897 sold for HK$4.8 million ($617,959) to an Asian bidder, setting a record price for a single Chinese stamp at auction.
The “Small One Dollar” is one of only 32 recorded copies featuring a one-dollar overprint on a stamp with a face value of three cents. The 15 percent commission paid to the auction house raised the price to about $710,600.
Read complete article at BusinessWeek site.
Note:
ONLY 32 EXAMPLES HAVE BEEN RECORDED OF THIS ICONIC STAMP, WHICH IS ACKNOWLEDGED AS THE RAREST REGULARLY ISSUED STAMP OF CHINA, AND RANKS AMONG THE GREAT WORLD RARITIES.
This is type A with the “1 Dollar” of the surcharge partly covering the word “Revenue”. The type A and B (“1 dollar” completely covering the word “Revenue”) stamps all come from the right surcharge plate. The type C (“1 dollar” above the word “Revenue”) comes from the other surcharge plate.
