StampNews.com hurries to inform our readers about the recent stamp auction news. This piece of information concerns a
The 2c Pan-American invert was printed accidently and sent out to US post offices. It's one of a series of stamps showcasing American technological advances released for the 1901 Pan-American exposition.
Due to the complexities involved in the two-stage printing process, three values in the series were issued with at least a couple of inverted sheets. The 1c and 2c issues were accidents and were sent out to post offices. The 4c invert was printed as the result of a misunderstanding.
Around 150 examples of the 2c are known to exist. In 2013, Kelleher sold a considerably rarer used 2c invert for US$38,350. A block of 10 unissued 1998 "H" Hat error stamps also performed well, achieving US$12,980. The stamp, set at a proposed new postcard rate, was delivered to post offices prior to a postage rate rise in 1999.
However, as the postcard rate was not changed, the stamps were not needed and were returned ‒ although, as is often the case, a few found their way into the collector's market.
Sourced by paulfrasercollectibles.com