Rare 1954 Queen Elizabeth II Stamps Auctioned off by Singapore Philatelic Museum

In September 2014, the Singapore Philatelic Museum (SPM) conducted its first auction of rare Singapore stamps for its first ever fund raising.  The money raised would be used for bigger galleries and more exhibition.  Good thing to know that the SPM is still actively boosting its galleries as my past visits to it showed little difference over the months/years.  Hopefully, with the new money raised, stamp enthusiasts can look forward to new exhibitions and a refreshed gallery.

Some of the stamps auctioned off included rare 1954 Queen Elizabeth II revenue stamp sheets that were previously used in land title deeds.  The sheets of 50 stamps in $500 denominations had starting bids of $12,000.  Revenue stamps were used by lawyers here but were hardly bought in full sheets making these full sheets really rare.

Other stamps that went under the hammer include the 1955 Queen Elizabeth II definitive stamps that were overprinted with the words "Postal Training School".  These stamps were used for staff training at the Postal Service Department Singapore which was Singapore Post's predecessor.

The auction was conducted by Spink and all lots were sold off.  The highest bid was for lot #40 which closed at $42,000.  This was for a 1954 Queen Elizabeth II revenue stamp sheet.  Altogether, there were 13 sheets put up for sale (Lot #40 - Lot #52).  Prices ranged between $9,500 to $42,000.

One Cent Magenta Stamp Sold for Record Price at Sotheby's Auction

Auction house Sotheby's has just sold (on behalf of du Pont's estate) the world's only known and surviving example of a one cent magenta stamp from British colonial Guyana that was first printed in 1856.  The stamp is hinged on paper, printed in black ink and bears the signature of the postmaster.

This is the history of the stamp:

1856 - British colony Guyana runs low on stamps as a shipment is delayed.  Postmaster commissions a contingency supply.

1873 - 12 year old Scottish boy living with his family in British Guyana discovers the stamp among some family papers.  The boy, Vernon Vaughan, adds the stamps to his album.  He later sells the stamp for a few shillings.

1878 - Stamps makes its way to Britain.

Bought by French Count Philippe la Renotiere von Ferrary and later donated to museum in Berlin.

1922 - After WW1, French seized his collection as part of war reparations from Germany and sold stamp in auction to Arthur Hind who was a rich man from New York city.  Hind paid $35,000 for the stamp.

1970 - Stamp sold for record $280,000

1980 - du Pont, an American multi-millionaire, buys stamp for record $935,000.  du Pont is later sentenced to jail for shooting Dave Schultz and dies in prison in 2010.

2014 - Stamp sells for a record $9.5 million after bidding begins at $4.5million.  Sotheby's had valued the stamp at $10-20 million.  Nevertheless, stamp sets record price for auction.  Previous record price was $2.2million for the Treskilling Yellow back in 1996.

Rare and Valuable Stamps

Rare stamps are not always valuable.  But in most cases, they probably are.  And the trend that we are seeing is probably this:  Rare stamps will become more and more valuable.

The reason for this is actually quite simple.  As the number of extremely wealthy people (we are talking about billionaires here) increases over the recent years, it only means that higher amounts of money are being paid for rare and coveted objects and items like fine wines, art pieces and of course, rare stamps.

Well, the idea is probably that owning this one-of-a-kind items is probably sought after by the rich because it connotes a certain amount of exclusivity.  After all, anyone can buy a Ferrari or a castle.  But how many people can actually own a piece of art if it is the only one in the world.  So the wealthy people are inclined to splurge on this.

Some of them are of course true collectors who might have been collecting stamps since they were young and struck it out rich, thus turning back to their childhood hobby.  But these are probably far and few between.  Nevertheless, it probably makes sense to look into rare stamps of countries where a large percentage of billionaires boast from.  By this, we are talking about countries like China, India, Russia, etc.  These billionaires will probably be interested in collecting rare stamps that belong to their country.

Singapore Philatelic Museum - Short Video Clip

This is a nice short clip of what the Singapore Philatelic Museum looks like. You can probably spend around one hour to see the whole museum as it isn't very big. There is also a nice gift shop where you can also buy some stamps.

It's Been A Long Time

It's been a long time since I last posted or even looked at my postage stamps.  One year perhaps?  Have been too busy and tied down with so many other things/engagements that I haven't really had a time to pursue this "hobby" of stamp collecting.

Hope to be able to update soon on some of my new acquisitions via Ebay. Hope all stamps collectors out there are having a rolling good time!

Bought a straits settlements stamp

After staying off my hobby for some time, my passion has been reignited again.  I just bought a straits settlements stamp for $25 over Ebay.  Not certain whether it is a wise purchase or not since it could be an impulse buy.

Philately or Philotely

Most stamp collectors are perhaps familiar with the term philately.  Right at the start, when stamp collecting as a hobby was picking up, there were actually all sorts of terms used.  The term philately was actually invented by a French stamp collector named Herpin.  He used the term in a French magazine and the term stuck with the public and became the widely used term to describe stamp collecting.

The origin of this term comes from the Greek expression philo (I love) and atelos(exempt from tax).  There was actually some discussion and debate on whether the correct term used should have been philotely instead since the name for the hobby was composed of the Greek philo and teli (taxes) and its explanation would be 'love of taxes' or love of stamps used for payment of postage.  But by then, the widely accepted term was already being used all over the world so the term "philately" has remained ever since.

Hemerodromes

In the past, young runners who could run fast were chosen to become messengers.  In ancient Greece, these runners were called Hemerodromes.  They were often able to cover long distances in relatively short time.  The most famous of these Hemerodromes was perhaps the Greek messenger called Marathon.  As most people know, he was the one who covered the distance to Athens in such a short time that he collapsed shortly after delivering his message.

Ever since the written word was used as a form of communication, these messengers were relied upon to carry both good news and bad news.  These messengers were in fact the forebearers of the modern postman though one will probably think of them as atheletes and postman rolled into one!  They often bore light arms with only bare essentials for survival.  Many of them also had to overcome hardships and dangers along the way.  These messengers paved the way for the birth of the postal service that we know of today.

Money to Buy Stamps

I wrote some time back about knowing your limits when buying stamps.  Essentially, every stamp collector comes to a point in time when they realise that they do not have enough money to buy stamps to improve their collection.

I am sadly disappointed this weekend when I realised that SingPost had stopped selling some 2009 Singapore stamps which I have yet to purchased for my stamp collection.  Buying them off Ebay will definitely be more expensive.

It makes me wonder whether I should set aside a budget each month to buy stamps.

Straits Settlements Stamps - Stamps of India Overprinted

The Straits Settlements was actually a group of territories in Southeast Asia established in 1826 under the British East India Company.  In 1867, it became a crown colony and came under direct British control.  While Indian stamps were used prior to 1867, with the status of it becoming a crown colony, new stamps had to be issued.  In the interim however, stamps of India overprinted with a crown and the stamp value of "cents" instead of "annas" was used. In a sense, these can be considered the first official postage stamps that were distinctively "created" for the Straits Settlements (since the previous stamps used were stamps from India) by overprinting it with the new values.

The set contained a total of 9 stamps with  values of 1 1/2cents, 2 cents, 3 cents, 4 cents, 6 cents, 8 cents, 12 cents, 24 cents and 32 cents).  However, only 5 different Indian stamps were used.  These 5 stamps were the 1/2 anna, 1 anna, 2 annas, 4 annas and 8 annas stamp.  The stamps were differentiated by different coloured ink overprints as well as different values:

•  1/2 anna blue was used for the 1 1/2 cents.
• 1 anna brown was used for the 2 cents, 3 cents and 4 cents
• 2 annas yellow was used for the 6 cents, 8 cents and 32 cents
• 4 annas green was used for the 12 cents
• 8 annas rose was used for the 24 cents 

For the overprints, the colors used were as follows:

• Red for 1 1/2 cents, 2 cents and 12 cents
• Blue for 3 cents and 24 cents
• Black for 4 cents and 32 cents
• Purple for 6 cents
• Green for 8 cents

An example of one of the stamps that I have bought off Ebay showing the 1 1/2 cents stamp(with the overprints in red depicting the crown that sits on Queen Victoria's head and the three half cents value of the stamp) is shown below:

1867 Stamp of India, Overprinted (Perforation 14 and Elephant's Head watermark)

As this overprinting on Indian stamps  was really an interim measure (the new stamps were printed by the end of 1867), not many of these stamps were produced.  An estimate of the printed quantity for the various stamps is shown below:

• 1 1/2 cents - 40,000
• 2 cents - 96,000
• 3 cents - 96,000
• 4 cents - 32,000
• 6 cents - 24,000
• 8 cents - 144,000
• 12 cents - 24,000
• 24 cents - 80,000
• 32 cents - 64,000

The 12 cents and 6 cents are considered rarer and are harder to find.  

It is also not always true that the mint stamp is more expensive than the used stamp.  For example, the 1 1/2 cent stamp was hardly used at all so the used stamp is much more expensive than a mint stamp.  This is one of the reasons that there were actually some amendments made to the 1 1/2 cents during the period of 1867 onwards where the "THREE HALF" was deleted with a "2" written above it.  In the subsequent set of stamps issued, there was also no 1 1/2 cents value stamp anymore.

Where to Buy Stamps (Part II)

I wrote about where to buy stamps some time back. In that post, I explored the various options on where one could buy your normal postage stamps (for your snail mail) and also for collectors.  I have been using mainly Ebay for a long time now and have always felt comfortable with it.  But then, I realised that it was hard to get some of the stamps that I was looking for.

Recently, a reader told me about 2 other auction sites that uses an auction method just like Ebay. They are :

1. BidStart
2. DelCampe

I must say that I was pretty surprised to find these 2 auction sites because I managed to find some of the stamps that I was looking for.  These were some older Straits Settlements stamps which I have been trying to get my hands on.  And the ones listed on Ebay were not the ones that I were looking for.  

To the reader who recommended this 2 sites to me:

Thanks for recommending this 2 auction sites to me!   I can never thank you enough!

Fiscally Used Straits Settlements Stamps

Part of my senseless buying rampage of stamps over Ebay includes the purchase of these fiscally used stamps featuring two beautiful judicial cancellations on a King George V 25 cents, $1 and $2 stamps.  It seems that there were holes punched into these stamps too to render them used.  Since these stamps were used as revenue stamps, they are really quite worthless in the philatelic sense but people still do purchase them off Ebay.  I think the beauty of them really lies in the judicial cancellation.

Improving Your Stamp Collection - Knowing Your Limits

I have been bidding on Ebay for many stamps lately and I realised that bidding is really done based on a spur of the moment thing.  Sometimes, it isn't simply because the stamp being put up for auction is valuable or anything.  It is just that I want to improve my collection and I really wanted it at that point in time.

Many times, I find myself being outbid by other presumably stamp collectors who somehow seem to have a deeper pocket than mine and who can afford to put up really crazy bids for the items.  It is with this that the realisation that stamp collecting is really about acquisition and it involves stepping over others to get the stamp that you treasure the most.

One thing for sure:  It is good to know your financial limits when seeking to improve or build up your stamp collection.

Straits Settlements Queen Victoria 1883-1891 Definitive Stamps

Just bought an entire lot of Straits Settlements stamps off Ebay and one of the sets includes the Straits Settlements QV Definitive II from 1883-1891.  Have the 2c, 4c, 5c, 6c, 24c and 32c USED.  Please see the scan below.

As I have some duplicates, was thinking that it was possible to actually perhaps sell the extra ones off Ebay.  However, I am not so sure about paying a listing price when there is no confirmation that anyone will actually buy these stamps.

Postal Codes and Mail Sorting

A few days back, I wrote about Singapore's Postal Code system and how it has evolved over the past from a 2 digit code to a 4 digit code and finally to the current 6 digit numerical code.  Searched online for a video on how mail sorting is done and am surprised to realise that it is now almost fully automated with computers being able to analyse even handwriting.  Feel free to watch the video below.

 

Queen Victoria Straits Settlements Stamps

Look what just arrived in my mail box.  A lovely set of 4 stamps from the Straits Settlements era from various Queen Victoria definitive set.  Seriously, I can't really tell the difference between all the various definitive especially for the King Edward VII sets.  They all look the same to me.  Anyway, here is a scan of the stamps:

I believe the top row (from left) is a 1882 Queen Victoria Definitive 1(b) 8 cents and 10 cents. This is followed by the carmine rose "THREE CENTS" surcharge on 32 cents.  The last stamp is a 1892-1899 Queen Victoria Definitive III 3 cent brown colored stamp.

Do let me know if I got my stamps correctly defined.

Formula One Stamps

I finally bought the set of Formula One stamps that was missing from my 2008 Singapore collection.  The face value of the stamps is $2 each.  So the total face value is actually $4 for the block of 2 stamps.  However, I had to pay a total of $6 because it was no longer available off Singpost's website.

Have provided a pic of the stamps below (not a scan )

I am not really certain that I can appreciate the design of this set of stamps.  It is a bit too modern for me and I don't understand the digital look and feel.  Would have preferred if it was real cars or something depicted on the stamps or perhaps face of some of the drivers.  But perhaps there are copyright and trademark issues.

Singapore Postal Code - Interesting Facts

Singapore's 6 digit postal code has some interesting history and facts. For the uninitiated, a postal code is basically a series of digits or letters that are appended to the address to aid in the sorting out of mail.  In Singapore, the current postal code used is a 6 digit postal code (i.e. all numbers).  I still remember the days when it used to be a 4 digit code which was so much easier to remember.  In actual fact, a quick check on Singapore's postal code history reveals that there were really 3 different postal codes used.

Postal Code formats throughout Singapore's history
1950 - 2 digit postal code
1979 - 4 digit postal code
1995 - 6 digit postal code


To find out the 6 digit postal code of any address in Singapore, you can use Singpost's service here. All you have to do is provide the block number and street name.

Well, Singapore in the 1950s was divided into 28 postal districts.  These 28 postal districts are actually the same as the districts that you will find even today in classified ads for properties. This goes to show how long entrenched the district system really is and it shows how the way postal districts were organised have gone on to influence the way a property is classified today.  For example, the district 9 properties (Orchard Road, Tanglin, Cairnhill) are often the ones that fetch a high price in the property market.

Subsequently, in 1979, the 28 postal districts were further subdivided into sectors, bringing to a total of 81 sectors.  So in the 4 digit postal codes, the first 2 digits still represented the initial postal district (i.e. 1 to 28) and the last 2 digits represented the sector (i.e. 1 to 81).  I guess this method helped in the sorting of mail tremendously since certain postal districts tend to be large.  In fact, there was a stamp issued in Singapore in 1979 to commemorate the introduction of this new 4 digit postal code.

In 1995, the 6 digit code was introduced. The first 2 digits were now the postal sector code (i.e. 1 to 81).  The remaining 4 digits indicated the delivery point. For HDB blocks, the last 3 numbers refer to the block number (e.g. XXX355 for block 355 and XXX089 for block 89).  If there are 2 blocks with the same number in that certain sector, that is where the 3rd digit comes into play.  (E.g. XX1089 and XX2089).

Interestingly, another Singapore stamp was issued in 1995 when the 6 digit postal code was introduced.  In that stamp, the 4 digit postal code shows 1543 meaning that it was in district 15 and sector 43.  That places it in the Katong/Joo Chiat/Amber Road area.  in the stamp, the new 6 digit code for 1543 was translated to 430010 where 43 was the postal sector.  010 is thus the block number or house number.

So it seems that there is some duplication in the way we write addresses on our envelopes in Singapore.  Since the 6 digit postal code can be derived from the block number and street name, I guess your mail will still get to the intended recipient even if you leave it out(?).  Or you could just state the unit number with the postal code without the street name and your mail should reach the correct address. [Warning: This is just my hunch.  Try at your own risk!]

Philatelic Literature, Stamp Magazines and Stamp Collecting Books

After browsing through many bookstores in Singapore, I realised that there really isn't much one can buy or read regarding postage stamps.  For now, I am confined to the Stamp Magazine which I bought for $12.90 at Times bookshop as well as the August 2011 and September 2011 issue of the same above mentioned magazine.  It really bothers me that I could not find much to read about postage stamps after reading various local bookstores.  It probably means that stamp collecting is in the decline here in Singapore.

Well, reading the Stamp Magazine is fine for me.  Trouble is that a lot of the topics are really on Great Britain stamp issues and so it does not really relate very well with me.  One could certainly do with a lot more literature on philately considering that information on certain stamps as well as the history/design/thought process behind many of the stamps are really scarce and hard to find on the internet.

Anyway, just an interesting fact that I found out.  3 Kings ruled during 1936.  Who were they?

Straits Settlements 1867

The first issue of the Straits Settlements stamps took place on 1 Sept 1867 and the stamps used were basically Indian stamps that were overprinted with the crown and the different rate of postages (See example here) .  It comprise a set of 9 stamps featuring 1 1/2 cents, 2 cents, 3 cents, 4 cents, 6 cents, 8 cents, 12 cents, 24 cents and 32 cents.

Of these, I think the 6 cents and 12 cents are pretty rare as I do not seem to be able to find them on eBay.  A quick check on some catalogue prices on the internet also seem to suggest that the entire set of 9 used stamps command a price of almost S$2000!

Have been trying desperately to get my hands on this as this is afterall the first issue of Straits Settlements stamps or the first stamps of Singapore when it was formed into the Straits Settlements together with Penang and Malacca.  Every collection has to start somewhere and my Singapore collection has to start with this Sept 1867 issue of 9 stamps.

I did a rather quick research on Ebay (based on the final bidding prices or buy it now prices) to check some of the prices of these stamps:

3 cents used =  US$54.08 (16 bids)
4 cents used  = US$74.26 (20 bids)
8 cents used  = US$35.00 (Buy it now price)
24 cents used = US$24.99 to US$40.34 (Buy it now price) OR $67.80 (17 bids)
32 cents used = US58.12 (12 bids)

Hope it is useful reference for all.  Apparently, the Ebay prices are going for much lower than the catalogue prices.