Rarest stamp from Guyana on loan to famous museum

Dec 06, 2018 News

The British Guiana One-Cent Magenta, the world’s rarest and most expensive stamp, is currently on loan to the Smithsonian National Postal Museum by its owner, world-renowned shoe designer, Stuart Weitzman.

The British Guiana One-Cent Magenta stamp

Recently, Ambassador of the Co-operative Republic of Guyana to the United States, Mr. Riyad Insanally, visited the museum in Washington, DC to view the stamp. He said he was “delighted to see a bit of Guyanese history” and looked forward to the day when the stamp could be displayed in Guyana.
The One-Cent Magenta will be on display at the Smithsonian National Postal Museum indefinitely.
The One-Cent Magenta stamp has been hidden from view for a significant part of its more than 150-year history.
Luxury shoe designer Stuart Weitzman had reportedly acquired the stamp for US$9.5M several years ago but it is said to worth much more now.
That colorful history of US$9.5 million tag —almost one billion times its face value —is chronicled in a new

Ambassador of the Co-operative Republic of Guyana to the United States, Riyad Insanally

book by New York Times reporter James Barron. It’s said to be the only British colonial stamp Queen Elizabeth does not own.

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