Single Canadian stamp that sold for 12 cents in 1851 nets $225,000 at auction
A pair of rare Twelve-Penny Blacks.
Photograph by: HANDOUT , Postmedia News
An unidentified buyer has paid one of the biggest prices ever for a single Canadian stamp, shelling out about $225,000 at a sale in Halifax on Saturday for a 162-year-old rarity that cost just 12 cents when it was issued in 1851.
The “superlative mint example” of the fabled “Twelve Penny Black,” thought to be the best-preserved and most vividly coloured specimen of Canada’s top philatelic treasure, went from the hands of one Canadian collector to another, according to Gary Lyon of Bathurst, N.B.-based Eastern Auctions.
“It has long been recognized as perhaps the finest known example” of the Twelve Penny Black, said Lyon, adding that it also has an impeccable provenance.
The stamp sold Saturday once belonged to the Marquess of Lorne — Canada’s governor general from 1878 to 1883 — and was later part of “one of the most famous collections of all time,” said Lyon, referring to the Dale-Lichtenstein holdings amassed in the early 20th century by U.S. industrialist Alfred Lichtenstein and later bolstered by his daughter, Louise Boyd Dale.
The Marquess of Lorne was married to Princess Louise, a daughter of Queen Victoria — the figure pictured as a young monarch on the Twelve Penny Black when it was printed in 1851.
Considered Canada’s most famous stamp, the Twelve Penny Black is prized among collectors around the world for its extreme rarity and notable historic connections. It was issued as part of Canada’s very first series of stamps, and features an image of a teenage Queen Victoria taken from a celebrated portrait by the artist Alfred Edward Chalon.
Only 1,450 of the stamps — which were considered prohibitively expensive by most residents of pre-Confederation Canada — were ever sold, and the remaining stock was destroyed in 1857. Only a handful of them still exist, including a few held by the Canadian government in its national postal collection.
In a description designed to set hearts aflutter among the country’s philatelic community, the Eastern Auctions catalogue for Saturday’s sale stated that the Twelve Penny Black on offer — which hadn’t been available on the stamp market since 1980 — possesses “radiant colour,” an “unusually bold impression on pristine, fresh paper,” and “retains its full, undisturbed, original gum.”
The eventual buyer was clearly impressed, bidding $195,000 to take the stamp. Additional auction fees pushed the final price to just under $225,000.
In 2009, another unusued Twelve Penny Black sold at a U.S. auction for about $300,000, making it the most expensive single Canadian stamp of all time.
That mint-condition specimen was the highlight of a New York auction in which a world-class collection of more than 100 significant artifacts from Canadian postal history netted about $2 million.
rboswell@postmedia.com