Sunday, November 2, 2008

The Cost of a 3-Cent Stamp

You are kidding, right?

"$1,035,000"

(Blog author leaning over desk and puking his guts out)


"This 3 Cents Has Come a Long Way

In a sign that high-end collectibles may withstand the economic downturn, a near-record price for a rare postage stamp was set last week at an auction in New York City.

That's because the
Sun Never Sets on the Rich

A pink 3-cent stamp issued in 1868 and depicting George Washington was bought on Wednesday by an anonymous bidder for $1,035,000, including commission. Stamps of this design are common and usually worth only a few dollars; but what made this one worth a million dollars is a distinct, waffle-like grill pressed into the back of the stamp as part of a short-lived government experiment to prevent fraudulent re-use. --more--"

Hey, when you have MONEY to BURN, you know..... why not WASTE IT?