Rare Canadian stamp expected to fetch hefty price at Ottawa auction
A rare, mint condition Canadian stamp, issued more than 170 years ago, is going up for auction in Ottawa and it’s sure to fetch a pretty penny.
It’s a philatelist’s fantasy. Sparks Auctions says it is selling one of only two known mint-condition examples of the Canada’s third postage stamp, known as the 12-Penny Black.
The stamp, issued in 1851, features the image of Queen Victoria. Sparks Auctions calls it the “star attraction” of its “Athena Collection” going up for sale in two parts. The first is this Saturday, Jan. 21.
“A first class world rarity, and if you are working on completing a mint never hinged collection of Canada, this is a unique opportunity to acquire what is one of Canada’s rarest mint never hinged stamps,” the lot description for the stamp says.
General Manager of Sparks Auctions Peter MacDonald says this particular stamp has a unique appeal for collectors. To be never hinged means it was never placed in an album using a mount, known as a hinge, which can leave a residue behind or blemish the stamp in other ways. The gum on the stamp is “as if you just bought it from the post office,” he says.
Adding to the rarity of it is the fact that only 1,450 of these stamps were sold, in part because of their price. In 1851, a 12-cent stamp was very expensive and they were rarely used. MacDonald said it would be equivalent to approximately $16.40 CAD today.
Peter MacDonald of Sparks Auctions holds up Lot 16, the 12-pence Queen Victoria stamp that is expected to fetch a six-figure price at auction. (Peter Szperling/CTV News Ottawa)
“That stamp would have paid for a letter from Canada to Newfoundland (its own colony then), Bermuda or the West Indies,” he said. “More often, it was used in a pair to pay for a specific mailing rate to the USA. Demand for the stamp was fairly low, and of the 55,000 printed, most were pulled out of post office inventories and burned – a common practice back then.”
The auction will also feature several three-cent stamps, known as “three-penny beavers” dated around the same time.
“It has its own iconic status not only as Canada’s first stamp but also as the first stamp in the world to picture an animal,” MacDonald explained.
An example of a three-penny beaver Canadian stamp up for auction at Sparks Auctions Jan. 21, 2023. The stamp is notable as Canada's first and the first in the world to feature an animal. (Sparks Auctions/supplied)
Sparks Auctions says the 12-Penny Black stamp could sell for at least $250,000 on Saturday. The price is set to start at $92,000.
The auction is scheduled for 9 a.m. Saturday at 1770 Woodward Dr. in Ottawa. More details about the action can be found online at https://sparks-auctions.com/
CTVNews.ca Top Stories
DEVELOPING Man sets self on fire outside New York court where Trump trial underway
A man set himself on fire on Friday outside the New York courthouse where Donald Trump's historic hush-money trial was taking place as jury selection wrapped up, but officials said he did not appear to have been targeting Trump.
Sask. father found guilty of withholding daughter to prevent her from getting COVID-19 vaccine
Michael Gordon Jackson, a Saskatchewan man accused of abducting his daughter to prevent her from getting a COVID-19 vaccine, has been found guilty for contravention of a custody order.
She set out to find a husband in a year. Then she matched with a guy on a dating app on the other side of the world
Scottish comedian Samantha Hannah was working on a comedy show about finding a husband when Toby Hunter came into her life. What happened next surprised them both.
Mandisa, Grammy award-winning 'American Idol' alum, dead at 47
Soulful gospel artist Mandisa, a Grammy-winning singer who got her start as a contestant on 'American Idol' in 2006, has died, according to a statement on her verified social media. She was 47.
'It could be catastrophic': Woman says natural supplement contained hidden painkiller drug
A Manitoba woman thought she found a miracle natural supplement, but said a hidden ingredient wreaked havoc on her health.
Young people 'tortured' if stolen vehicle operations fail, Montreal police tell MPs
One day after a Montreal police officer fired gunshots at a suspect in a stolen vehicle, senior officers were telling parliamentarians that organized crime groups are recruiting people as young as 15 in the city to steal cars so that they can be shipped overseas.
The Body Shop Canada explores sale as demand outpaces inventory: court filing
The Body Shop Canada is exploring a sale as it struggles to get its hands on enough inventory to keep up with "robust" sales after announcing it would file for creditor protection and close 33 stores.
Vicious attack on a dog ends with charges for northern Ont. suspect
Police in Sault Ste. Marie charged a 22-year-old man with animal cruelty following an attack on a dog Thursday morning.
On federal budget, Macklem says 'fiscal track has not changed significantly'
Bank of Canada governor Tiff Macklem says Canada's fiscal position has 'not changed significantly' following the release of the federal government's budget.