Exhibition stamps returned to sender

A half penny, a penny and a four-penny postage stamps from 1925, showcasing the Dunedin South...
A half penny, a penny and a four-penny postage stamps from 1925, showcasing the Dunedin South Seas Exhibition, did not sell at auction. PHOTO: SUPPLIED
Despite huge overseas interest and firm prices at the recent Mowbray’s international stamp and coin auctions, a series of postage stamps featuring the 1925 New Zealand and South Seas International Exhibition did not sell.

The halfpenny, penny and four-penny stamps, worth a couple of cents when they were sold at the exhibition in Dunedin, had an estimated auction value of $3800.

They did not sell at the Wellington auction last weekend, but Mowbray Collectables auctioneer John Mowbray said there was strong online bidding on other stamps at the auction.

An 1840 example of the world’s first postage stamp - a Penny Black, featuring Queen Victoria - sold for $10,000; and a pre-World War 2 New Zealand specialised health stamp cover collection sold for $4000- four times the pre-auction estimate.

A veteran of stamp and coin auctions for over 45 years, Mr Mowbray said online presence was rapidly increasing and had greatly enhanced the international interest that could be achieved for stamp and coin auction events.

He said the recent death of the Queen had a positive effect on both the international online response to the auctions and for the prices achieved for coins in particular.

"There was definitely higher interest in coinage with the Queen’s head on it and prices were firm."

The two-day auction event contained more than one thousand lots and resulted in $1 million dollars in sales.

"With a pre-auction estimate of $1000, the pristine set featuring the late Queen Elizabeth finally sold at auction for over $4000."

The top price for the weekend was $33,000 for a set of rare Chinese gold coins from 1981.

The coins, featuring a leopard, rhinoceros, elephant and dragon, had an estimated value of $23,900 and went to an overseas buyer.

An 1852 Adelaide Pound from the time of the Australian gold rushes, sold for $21,500 - up from the estimated $19,700 auction price.

 

 

 

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