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World’s Most Valuable Stamp?

Thomas Hoiland, a Danish stamp auctioneer, looks at a reproduction of the world's most valuable postage stamp, the 3 Skilling Yellow, January 11, 2001 in New York City. The Swedish stamp was printed in error in the incorrect color in 1857, and was sold to a collector in 1998 for $2.3 million. The stamp was mailed from New York by Hoiland to Arizona where it will be the centerpiece at the ARIPEX-NORDIA 2001 Stamp Exhibition. (Photo by Spencer Platt/Newsmakers)
Spencer Platt, Newsmakers via Getty Images

NEW YORK (AP) — A 1-cent postage stamp from a 19th century British colony in South America could become the world’s most valuable stamp — again.

It has broken the auction record for a single stamp three times in its long history.

Sotheby’s predicts the 1856 British Guiana One-Cent Magenta could bring between $10 million and $20 million when it goes on the auction block Tuesday.

Measuring 1 inch-by-1¼ inches, the One-Cent Magenta hasn’t been on public view since 1986. It’s the only major stamp absent from the British Royal Family’s private Royal Philatelic Collection.

Smithsonian National Postal Museum Director Allen Kanes says “you’re not going to find anything rarer than this.”

An 1855 Swedish stamp (pictured above) currently holds the auction record for a single stamp. It sold for $2.3 million in 1996.

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