A new auction record for a single United States stamp was set by Cherrystone Philatelic Auctioneers on July 10 in New York City.
The single-owner sale of U.S. stamps and covers included one of two known examples of the 1867 15¢ black Abraham Lincoln stamp with Z grill (Scott 85F), which Cherrystone hammered down for $1.4 million.
With the 15 percent buyer’s premium added, the rare stamp, last seen on the market in 1975, sold for $1,610,000. The only other example known is owned by William H. Gross.
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