Rhodesia Stamps Auctioned For More Than $400,000
Oct. 22, 1987
LONDON (AP) _ An American collection of postage stamps issued in Rhodesia between 1910 and 1913 fetched $431,364 on the first day of a three-day sale in London, auctioneers Sotheby's said.
The stamps were collected by Robert M. Gibbs of Saratoga, Calif., who specialized in Rhodesia ''double heads'' stamps, showing King George V and Queen Mary, grandparents of Queen Elizabeth II.
The stamps in the 1,800 lots of the Gibbs collection contain slight variations of color and printing. The face values range from a halfpenny to one pound - about 2 cents to $5 at the time of issue.
The highest priced lot on Wednesday was an extremely rare set of 22 proofs of the design from the archives of the printers, Waterlow and Sons. It fetched nearly $129,000 from an unidentified European collector.
The stamps bear the words, ''British South Africa Company'' and ''Rhodesia.''
Rhodesia is now Zimbabwe. Until 1923, it was administered by the British South Africa Co., then became the self-governing colony of Southern Rhodesia. The black majority won independence in 1980.