Jamaican businessman's rare stamp error brings $22,000 in New York

Joseph M Mahfood's world-class collection of the island's stamps has been sold by Spink Shreves

At the end of last week, collectors of and investors in rare British Commonwealth stamps were offered a bonanza by Spink Shreves with not only two auctions devoted to British North American stamps offered - one for the famous Black Empress alone - but also one of the great collections of Jamaican stamps going under the hammer.

Joseph M Mahfood, a successful businessman in Jamaica, and one of the country's most prominent philatelists, spent decades building what is considered to be one of the finest and most comprehensive collections of Jamaica ever formed.

Port Royal 1922 stamp

The Collection featured: Pre-stamp and stampless covers, Great Britain used in Jamaica, specialised Jamaica general issues both on and off cover, extensive essays & proofs , original artist's material for modern stamp designs, numeral obliterators and temporary rubber date stamps.

One spectacular sale was a 1922 6d Port Royal stamp in 1855 original ink and wash drawing on art board. Measuring 258x195mm the stamp is very fine; highly attractive and well suited for framing.

The design replaced the famous 1921 6d Abolition of Slavery stamp, which was withdrawn prior to issuance, and was estimated at $1,000-1,500. In the event, bidders set their sights a little higher and it eventually sold for $14,000.

Jamaican used frame inverted stamp

The highest price for a single stamp was achieved by an especially choice used example of the famous 1920 1/- orange-yellow and red-orange, frame inverted stamp error. With vivid rich colours on fresh white paper, almost perfectly centred, and a partial Manchioneal double circle datestamp, this lot was always going to attract keen bidding.

One the rarest errors of Jamaica, as well as being one of the key rarities for the Inverted Centres of the World collector, it sold for almost exactly its Scott catalogue listing at $22,000.

• Click here to view our stamps for sale
• Learn how you can get pleasure and profit by investing in rare stamps
• Read all the latest Stamps and Covers news

Join our readers in over 200 countries around the world - sign up for your free weekly Collectibles Newsletter today or download our free Collectors News app for your iPhone

Recent and related articles...

·  Signed, sealed and delivered... Our Top Five stamp sales of 2010 | 29 December 2010

This week, we take a look back at some of last year's most spectacular philatelic auctions

·  The rare stamp collections of Chess champion Anatoly Karpov | 15 December 2010

One of the greatest players ever, Karpov owns a hugely valuable collection led by Belgian stamps

·  British stamps collection of 'the finest lady philatelist' makes $4.7m | 29 November 2010

The collection of Lady Mairi Bury sold last week at Sotheby's, with very impressive results...

·  Sotheby's auctions a stamp worthy of Queen Elizabeth II's collection | 8 November 2010

A rare two-of-a-kind printed envelope, the other one of which is owned by the Queen, is up for sale

·  Ceylon-to-Liverpool cover from Hackmey collection brings four times its estimate | 29 October 2010

Spink Shreves followed up their New York auction of Indian stamps with another from the Commonwealth

www.paulfrasercollectibles.com

Images: Spink Shreves