The One Cent Magenta

When it was issued in 1856, it cost a penny. When it was sold at Sotheby’s in 2014, the tiny square of faded red paper known as the one-cent magenta cost nearly $US9.5 million, making it the world’s most valuable object by weight. Printed in what was then British Guiana, one-cent magentas were provisional stamps intended for local newspapers. Most were later thrown out, but one survived. Discovered by a young boy in 1873, the stamp has since been through the hands of nine fanatical owners including an Australian-born engineer, a convicted murderer, and a fabulously wealthy Frenchman who hid it from view (not even King George V of England could get a peek). The One-Cent Magenta weaves a fascinating tale of obsession to own the world’s most fragile treasure, and the extraordinary characters who have loved and lost it.

An inside look at the obsessive, secretive, and often bizarre world of high-profile stamp collecting, told through the journey of the world’s most sought-after stamp. When it was issued in 1856, it cost a penny. In 2014, this tiny square of faded red paper sold at Sotheby’s for nearly $9.5 million, the largest amount ever paid for a postage stamp at auction. Through the stories of the eccentric characters who have bought, owned, and sold the one-cent magenta in the years in between, James Barron delivers a fascinating tale of global history and immense wealth, and of the human desire to collect. One-cent magentas were provisional stamps, printed quickly in what was then British Guiana when a shipment of official stamps from London did not arrive. They were intended for periodicals, and most were thrown out with the newspapers. But one stamp survived. The singular one-cent magenta has had only nine owners since a twelve-year-old boy discovered it in 1873 as he sorted through papers in his uncle’s house. He soon sold it for what would be $17 today. (That’s been called the worst stamp deal in history.) Among later owners was a fabulously wealthy Frenchman who hid the stamp from almost everyone (even King George V of England couldn’t get a peek); a businessman who traveled with the stamp in a briefcase he handcuffed to his wrist; and John E. du Pont, an heir to the chemical fortune, who died while serving a thirty-year sentence for the murder of Olympic wrestler Dave Schultz. Recommended for fans of Nicholas A. Basbanes, Susan Orlean, and Simon Winchester, The One-Cent Magenta explores the intersection of obsessive pursuits and great affluence and asks why we want most what is most rare.

An inside look at the obsessive, secretive, and often bizarre world of high-profile stamp collecting, told through the journey of the world's most sought-after stamp. When it was issued in 1856, it cost a penny. In 2014, this tiny square of faded red paper sold at Sotheby's for nearly $9.5 million, the largest amount ever paid for a postage stamp at auction. Through the stories of the eccentric characters who have bought, owned, and sold the one-cent magenta in the years in between, James Barron delivers a fascinating tale of global history and immense wealth, and of the human desire to collect. One-cent magentas were provisional stamps, printed quickly in what was then British Guiana when a shipment of official stamps from London did not arrive. They were intended for periodicals, and most were thrown out with the newspapers. But one stamp survived. The singular one-cent magenta has had only nine owners since a twelve-year-old boy discovered it in 1873 as he sorted through papers in his uncle's house. He soon sold it for what would be $17 today. (That's been called the worst stamp deal in history.) Among later owners was a fabulously wealthy Frenchman who hid the stamp from almost everyone (even King George V of England couldn't get a peek); a businessman who traveled with the stamp in a briefcase he handcuffed to his wrist; and John E. du Pont, an heir to the chemical fortune, who died while serving a thirty-year sentence for the murder of Olympic wrestler Dave Schultz. Recommended for fans of Nicholas A. Basbanes, Susan Orlean, and Simon Winchester, The One-Cent Magenta explores the intersection of obsessive pursuits and great affluence and asks why we want most what is most rare.

In September 1847 coloured squares of paper were stuck to envelopes and used to send out admission cards to a fancy-dress ball on the tropical island of Mauritius. No-one at the party would have guessed that the envelopes bearing these stamps would one day be worth more than a million dollars. When a two pence 'Blue Mauritius' surfaced on the fledgling French stamp-collecting market in 1865 it gained instant celebrity. Then in 1903, when a perfect specimen, discovered in a childhood album, was bought at auction by the Prince of Wales, the Blue Mauritius gained super-star status. Even now, the stamps of 'Post Office Mauritius' remain synonymous with fame, wealth and mystery. Helen Morgan tells the fascinating story of the most coveted scraps of paper in existence, from Mauritius' Port Louis to Bordeaux, India and Great Britain, Switzerland and Japan, into the fantasies and imagination of stamp collectors everywhere.

DISCOVER THE INCREDIBLE STORY OF AMERICA THROUGH ITS BEAUTIFUL AND DIVERSE POSTAGE STAMPS IN THIS EXUBERANT AND ALWAYS CHARMING HISTORY. In A History of America in Thirty-six Postage Stamps, Chris West explores America's own rich philatelic history. From George Washington's dour gaze to the charging buffalo of the western frontier and Lindbergh's soaring biplane, American stamps are a vivid window into our country's extraordinary and distinctive past. With the always accessible and spirited West as your guide, discover the remarkable breadth of America's short history through a fresh lens. On their own, stamps can be curiosities, even artistic marvels; in this book, stamps become a window into the larger sweep of history.

Every stamp and piece of mail tells a story. In fact, each often tells multiple stories, ranging from concept to art design to production to usage, often with tales of politics, history, technology, biography, genealogy, economics, geography, disaster, and triumph. The lens of philately offers a fresh and engaging story of American history, culture, and identity, and it can also help deepen the understanding of world cultures. The William H. Gross Stamp Gallery, opened at the Smithsonian National Postal Museum in September 2013, has many such stories to tell. Chief philately curator Cheryl R. Ganz guides readers through some of the gallery's nearly 20,000 objects that together illustrate the history of our nation's postal operations and postage stamps.

When it was issued in 1856, it cost a penny. When it was sold at Sotheby's in 2014, the tiny square of faded red paper known as the one-cent magenta cost nearly $US9.5 million, making it the world's most valuable object by weight. Printed in what was then British Guiana, one-cent magentas were provisional stamps intended for local newspapers. Most were later thrown out, but one survived. Discovered by a young boy in 1873, the stamp has since been through the hands of nine fanatical owners including an Australian-born engineer, a convicted murderer, and a fabulously wealthy Frenchman who hid it from view (not even King George V of England could get a peek). The One-Cent Magenta weaves a fascinating tale of obsession to own the world's most fragile treasure, and the extraordinary characters who have loved and lost it.