boxLot.com - Single U.S. Stamp Sells for $397,838 On the Internet.News Editors/Internet Writers SAN DIEGO--(BUSINESS WIRE)--Dec. 23, 1999 Philatelists This is a list of philatelists, persons notable for their contributions to philately.
Rare 1875 24c Continental Bank Note Stamp The Most Valuable Stamp Ever Sold on the Internet What is believed to be the rarest U.S. stamp in existence has now become the most valuable single stamp ever to be sold on the Internet. The 1875 24c Continental Bank Note stamp was recently obtained for $397,838 in an auction hosted by Philatelists.com, a boxLot.com network site and premier site for stamps and philatelic phi·lat·e·ly n. The collection and study of postage stamps, postmarks, and related materials; stamp collecting. [French philatélie : Greek phil-, philo-, philo- + Greek auctions. The auction was hosted on behalf of Americana Stamp and Coin Galleries in La Jolla La Jolla (lə hoi`yə), on the Pacific Ocean, S Calif., an uninc. district within the confines of San Diego; founded 1869. The beautiful ocean beaches, in particular La Jolla shores and Black's Beach, and sea-washed caves attract visitors and , Calif. and featured the only certified example of the 1875 24c Continental Bank Note stamp, Scott No. 164 known to exist in the world. Considered one of the rarest philatelic items in America today, the unique stamp has been certified "genuine" by The Philatelic Foundation of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . "The 24c Continental Bank Note, No. 164 is the most unique United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. stamp and its acquisition presents a once in a lifetime opportunity for any serious collector," said Philatelists.com consultant Steve Crippe. "Because it is unique and authenticated au·then·ti·cate tr.v. au·then·ti·cat·ed, au·then·ti·cat·ing, au·then·ti·cates To establish the authenticity of; prove genuine: a specialist who authenticated the antique samovar. by the highly respected Philatelic Foundation, I believe the No. 164 will substantially increase in value over time. Its discovery is truly a historical moment in the philatelic world." The online auction commenced on Nov. 24, 1999 with a starting bid of $375,000 and closed on Dec. 21, 1999. It took 92 years from production in 1875 to chance discovery in 1967, another quarter-century, for official certification as No. 164 in 1992, and eight years for the 24c Continental Bank Note to achieve its first auction realization, nearly $400,000. "As a professional stamp dealer Noun 1. stamp dealer - a dealer in stamps (whose customers are stamp collectors) bargainer, dealer, monger, trader - someone who purchases and maintains an inventory of goods to be sold going back 41 years, this is the single greatest moment of my entire career," said Jay Tell from Americana Stamp. "It is exciting to be a part of this milestone in philatelic history by auctioning the unique `Lost Continental 24c' on Philatelists.com." The 1875 Continental Bank Note stamp auction is one of many auctions of rare philatelic collections hosted by Philatelists.com. Beginning Jan. 7, through Jan. 20, Philatelists.com, in partnership with Shreves Philatelic Galleries, will auction the Larry Lyons Collection of U.S. classic and "back-of-the-book" stamps, the largest and most valuable grouping of 19th and 20th Century stamps ever auctioned on the Internet, worth an estimated $2.5 million. About Philatelists Online Philatelists Online (www.Philatelists.com), a boxLot.com network site, was founded in 1996 by avid collector Jonathan Hubbard. The site runs dealer-to-collector auctions and offers premium features and services for the philatelic market. Since its inception, Philatelists Online has experienced unprecedented growth and currently sells millions of dollars worth of fine and rare philatelic material. Philatelists Online also services additional niche markets through its three other sites, all under the boxLot.com network, which include Numismatists Online (www.Numismatists.com), for coins and currency; Auction Vine (www.AuctionVine.com), for fine and rare wine; and Sports Trade (www.SportsTrade.com) for sports memorabilia The term sports memorabilia usually refers to anything that can be directly connected to a sports event or personality. These items are generally gathered by fans of the particular sport, athlete or team that the item signifies or by collectors who find value in the rarity . About boxLot.com Rated first in delivering personalized customer support by AuctionWatch.com and ranked number two in consumer confidence by Gomez Advisors, boxLot.com is an online auction site where serious and novice collectors meet, share expertise and trade rare collectibles. Currently attracting more than 2.3 million unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. per month, the boxLot.com network offers buyers the chance to hunt for an array of rare and unusual collectibles ranging from antiques to coins, art, jewelry, books, trading cards, and sports and Hollywood memorabilia. boxLot.com was recently included in Zap.com's list of the Internet's top 200 Web sites and received the second highest overall Web ranking of PC Data's Top9.com auction sites to watch. Headquartered in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , the boxLot.com company is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation , founded by two dedicated collectors from Vermont who share their users' passion for fabulous finds, remarkable deals and expert information. Visit the Internet site at www.boxLot.com. |
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