10-cent stamp for auction
Published September 7th, 2006
Auction Blogs
A 10-cent stamp from the 1920s that contains an extraordinarily rare printing error could fetch as much as $50,000 at auction later this month.
The mint-condition, unused stamp, which bears the likeness of President James Monroe, is the only known stamp of its kind. It is owned by Charles Jacobs, a retired electrician from Salisbury Township.
The Bureau of Printing and Engraving printed about 819 million of the stamps between 1923 and 1927, according to The Stamp Center near Wilmington, Del., where the auction will be held Sept. 22-23.
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