$62k for 3-penny stamp

Kapiti Observer - - FRONT PAGE - KELVIN TEIXEIRA

A rare New Zealand stamp with an auc­tion es­ti­mate of $50,000 went un­der the ham­mer for $62,000 in Wellington at the week­end.

At the same auc­tion, an en­ve­lope bear­ing three post­marked New Zealand ‘‘penny claret’’ stamps from 1907 sold for $84,000, which was $4000 above its pre-sale es­ti­mate.

They were among 1987 lots of stamps, coins, medals and ban­knotes, vary­ing in age, ori­gin, con­di­tion and rar­ity, for sale in what was the largest auc­tion of its type held in New Zealand, at­tract­ing hun­dreds of bid­ders world­wide.

An Auck­land buyer took away the $62,000 stamp, a mint­con­di­tion three-penny HMS Van­guard stamp, one of only seven known ex­am­ples.

It was printed in 1949 for the sched­uled visit of King Ge­orge VI. How­ever, be­cause of the king’s ill health, the visit was can­celled and the stamps were or­dered to be de­stroyed. One sheet was ‘‘liberated’’ be­fore it could be burnt in the fur­nace.

Auc­tion­eer John Mow­bray, of Mow­bray Col­lecta­bles in Otaki, said there was also keen in­ter­est in a Vic­to­rian ‘‘penny black’’ and ‘‘two-penny blue’’ Bri­tish line en­graved stamps, sell­ing for up to $35,000 each.

There was also strong in­ter­est in the coins, ban­knotes and medals. High­lights in­cluded a gold medal mark­ing the death of Sir Winston Churchill in 1965, which was bought for al­most $7500. The top New Zealand coin was a 1935 Wai­tangi Crown, bought for just over $6500. A gold coin of the Iceni tribe of Queen Boadicea reached $5850.

The top New Zealand ban­knote, a 1940s Hanna £50 note, sold for just over $4000.

Mow­bray said work had al­ready be­gun for the next auc­tion, in March.

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