FindYourStampsValue.com is glad to share the latest auction news with our readers. This piece of info concerns 1908 Straits Settlements $500 King Edward VII stamp that was auctioned by Spink 18th April 2018. The stamp was one of the stars and key items of this philatelic sale fetching $134,400, including a 20 percent buyer’s premium.
The Straits Settlements was the name the British East India Company used to describe a series of territories under its control in South Asia. It became a crown colony in 1867 and began printing its own stamps. The region is now Malaysia and the independent city state of Singapore.
The lot is a never-hinged corner margin example of the 1908 Straits Settlements $500 violet and orange King Edward VII stamp (Scott 146). This stamp was almost certainly used only for revenue purposes. It is known that there are eight examples of this philatelic rarity and all of them are currently in private hands, and this is the only example with a plate number. Spink described the leading lot as “a superb example of this great Straits Settlements rarity.”