Last Updated on 3/2/2008 by bidz

Philip Weiss Auctions: The Newport Collection, February 9, 2008

A 2-cent Pan-American inverted center U.S. stamp (Scott # 295a, unused) in mint condition rose to $118,650. The stamp, one of only 75-100 unused examples, was graded Extremely Fine and had a pre-sale estimate of $45,000-$60,000. It was beautifully centered, with uncharacteristically massive margins. The paper was sound, and the gum was only slightly affected by some light hinging at the top.