treskilling

Going Postal: World's Most Expensive Stamp Valued at $7.4 Million

Filed under: Auctions

It seems like every time we visit the post office, the price of stamps rises - but what if your postage in question was valued at a cool $5 million pounds ($7.4 USD) with its own $14 million (USD) insurance policy?

A Swedish "Treskilling" stamp circa 1855 recently surpassed a $331,000 stamp from the Chinese Quing Dynasty as the world's most expensive stamp. Interestingly, the stamp isn't even a perfect example of its kind - the value stems partly from its yellow color, and the fact that this is the only example of its kind ever found, says Paul Nelson, vice chair of the Postal History Foundation in Tucson, Arizona. The Treskilling, or Tre Skilling, as it is also known, should be green. It was last sold for $2.3 million in 1996.

At just 0.02675 grams, the Treskilling stamp is also considered the world's most valuable item by weight. This week, you can find the stamp in Islington, London, where it is on display at the Festival of Stamps. It is expected to fetch more than $7.4 million at auction on May 22 in Switzerland.

Tags: auction, festival of stamps, most expensive stamp, philately, stamps, Treskilling

The World of Rare Stamps: Treskilling Yellow Is Most Valuable

by Amey Stone (RSS feed) —

Filed under: Auctions

Want to know what the most expensive item in the world is by weight and volume? It's not a diamond or other rare gem. It's actually a piece of paper.

Wikipedia pegs it as the so-called Treskilling Yellow stamp from Sweden -- probably the only one of its kind. It has a current value of more than $2 million (or $87 billion per kilogram, according to the site).

Here's what makes it so valuable: Back in Sweden in 1855, when the currency was known as the skilling, the 3 skilling stamp ('treskilling') was printed in green. An 8 skilling stamp was printed in yellow. But due to a printing error, a few 3 skilling stamps were printed in yellow. No one knows how many.

Three years later, Sweden changed its currency and it wasn't until 1886 that a 14-year-old school boy discovered the stamp among his grandmother's possessions and sold it to a dealer for the then-lofty price of 7 kronor. The stamp traded hands several times over the next decade, fetching ever higher prices and inspiring collectors to search for more Treskilling Yellows. But no other was ever found.

By the 1990s the stamp price crossed $1 million for the first time and was setting records every time it changed hands. The last sale was in 1996 when it sold for 2,875,000 Swiss Francs ($2.6 million US) to collectors who remain anonymous. According to the book, The Treskilling Yellow, the stamp is insured for $15 million.

Tags: collecting, stamp, Treskilling