To the average man it is astonishing that anyone in his senses can be so foolish as to give £1,000 for an ugly little picture that has merely done duty as a postage stamp. He contends there can be no intrinsic value in such scraps of paper, and that settles the matter, in his opinion. But is it not so with precious stones and pearls? They are of value merely because they are the fashion. There is no intrinsic value in them. If they were not fashionable they would be of little or no value. Long-standing fashion, and fashion alone, has given them their value. So it is with stamps; fashion has given them their value, and every decade of continued popularity adds to that value as it has added to the value of precious stones and pearls. There is no sign that precious stones are likely to become worthless by the withdrawal of popular favour. Fashion changes from one stone to another without affecting the popularity of precious stones in general. So it is with stamps. Fashions change from one line of collecting to another without in the slightest degree affecting the stability or popularity of collecting as a whole. Precious stones and pearls minister to the pride of the individual, and stamps to his pleasure; and each has its own strong and unshakable hold upon the devotees of fashion and pleasure. There is a fluctuating market in the case of each of these favourites, but I venture to think that there is, and has been for the past forty years, a steadier rise in the value of stamps than in the value of precious stones.
British Guiana, 1856, 1 c.—In 1856 this colony was awaiting a supply of stamps from England, and pending its arrival two provisional stamps were issued, a 1 c. and a 4 c. These were set up from type in the office of the Official Gazette. A small illustration of a ship, used for heading the shipping advertisements in the daily papers, was utilised for the central portion of the design. Of the 1 c. value only one specimen is known to-day, and that is in the collection of M. Philipp la Renotiérè (Herr von Ferrary). Doubts have been expressed as to the genuineness of the copy, but Mr. Bacon, who has had an opportunity of inspecting it, says: "After a most careful inspection I have no hesitation whatever in pronouncing it a thoroughly genuine one cent specimen. The copy is a poor one, dark magenta in colour, and somewhat rubbed. It is initialled 'E. D. W.', and dated April 1st, the year not being distinct enough to be read."
This stamp may safely be placed at the head of great rarities. Of its value it is impossible to form any opinion. If a dealer had the disposal of the copy in question, he would probably want between £1,000 and £2,000 for it, with a decided preference for the larger sum.
Mauritius, "Post Office," 1d. and 2d.—The best known, the most quoted, and probably the most popular of all the great rarities is the "Post Office" Mauritius, so called because the words "Post Office" were inscribed on one side of the stamp instead of the words "Post Paid." There were two values, 1d. and 2d. They were designed and engraved by a local watchmaker, and were printed from single dies, and issued in 1847. The tedious process of printing numbers of stamps from single dies was soon abandoned, and only 500 copies of each value were struck. Of those 1,000 stamps only twenty-two copies are known to exist to-day. There are in the hands of leading collectors two copies of the 1d. unused, and three copies of the 2d. unused, twelve copies of the 1d. used, and five copies of the 2d. used. These rarities were only in use for a few days, and were mostly used in sending out invitations to a ball at Government House.
The value, according to condition, is from £800 upwards for each value, but unused they are of course worth a great deal more.
Hawaii, 1851, 2 cents, blue.—Like so many rare stamps, this first issue of Hawaii was designed and set up from type in a printer's office. About twelve copies are known to exist. The stamp was in use but a very short time, as the Post Office of Honolulu was burnt down, and the stock of stamps of this first issue was completely destroyed.
This 2 cents stamp is worth about £750.
British Guiana, 1850, 2 cents.—This is popularly known as the 2 cents circular Guiana, because of its shape. A notice in the local Official Gazette, dated February, 1851, announced that "by order of His Excellency the Governor, and upon the request of several of the merchants of Georgetown, it is proposed to establish a delivery of letters twice each day through the principal streets of this city." Certain gentlemen were named as having consented to receive letters for delivery at their respective stores, and it was further announced that "each letter must bear a stamp, for which 2 c. will be charged, or it will not be delivered, and when called for will be subject to the usual postage of 8 c." A supply of the required 2 c. stamps was provided by a locally type-set design enclosed in a ring. It is said that this delivery of letters was discontinued soon after it was started, hence rarity of the stamp.