Message Board Home Bookstore

Download this report as an MP3 sound file.

Sweet Vindication

The Stamp Collecting Report, I'm Lloyd de Vries.

It's the stuff stamp collectors dream of. Years ago, Las Vegas casino dealer Denny Moreau bought a large box of used stamps, all similar.

#1 "We call them 2-cent Reds. They're 2-cent George Washingtons. There were about 15- or 16-hundred of them in this box and so I asked the gentleman how much they were, and he said $7.50." :10

One day after he retired, he took out the box and went through it, and one caught his eye as a rarity.

#10: "It happens to be from a private perforation company called Schermack, who would buy stamps from the government, cut them into long strips and glue them together, and when they got about 3,000 in a row, they'd put them in their private vending machine." :14

Only 40 of them are known to still exist.

He sent it off for authentication; the company said it was a common variety, only worth about a quarter. Denny didn't agree.

#6: "I had been studying that particular stamp for 30 years. See, there's 9 different types of the 2-cent Reds, and 234 color varieties of red."

He sent it to ANOTHER authenticator...who eventually said, yes, it's the rare one... cataloguing for about 50-thousand dollars.

So Denny put it in an auction.

#3: "They sold it for $95,000." :03

It's not just the money, he says.

#7: "The fact that I was vindicated, that I stuck to my guns, and said 'No, these experts are wrong, they made a mistake this time.'" :07

It's nice to be right.

I'm Lloyd de Vries of The Virtual Stamp Club. For more on stamps and stamp collecting, visit virtual-stamp-club-dot-com.

Go to Previous Report
Go to Next Report

Go to Report Index

Return to Virtual Stamp Club Home Page