RARE INDIAN STAMP
AMERICAN BUYER PAYS £750 Rec. 10 p.m. LONDON, May 27. An Indian stamp—one of the world’s rarest —was sold at auction to an American, Mr H. C. Gibson, for £750. In 1945 it realised £450. It was a four anna stamp of 1854 showing Queen Elizabeth’s head inverted and w&s a prize piece among over 900 stamps belonging to the late Mr C. D. Desai, a weathy Bombay banker. The collection, valued at £20,000 six months ago, realised £15,328. The auctioneer, Mr Robson Lowe, said that since the collection was valued world prices had dropped considerably. The collection consisted chiefly of only four types of early Indian stamps, the half anna, the one, two and four anna, with all their known die and cancellation marks. It took 35 years of world-wide search to I build up.
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Bibliographic details
Otago Daily Times, Issue 27092, 28 May 1949, Page 7
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139RARE INDIAN STAMP Otago Daily Times, Issue 27092, 28 May 1949, Page 7
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