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Follow on Google News | Stanley Gibbons sell Britain’s most valuable stamp for £550,000A single example of the elusive ‘plate 77 Penny Red’ has been sold by rare stamp and collectibles dealer, Stanley Gibbons, to a private client seeking portfolio diversification.
By: Stanley Gibbons The buyer, who wishes to remain anonymous, said, "I am a strong believer in asset diversification and consider collectibles to be a part of a truly diversified portfolio. I am confident this iconic stamp, as history has shown, will prove non-correlative to other asset classes and will be a valuable portfolio contributor for myself and my children". The sale, which came through the company’s recently opened Hong Kong office, demonstrates the increasing demand for tangible, historical assets as a store of wealth. “Stamps are increasingly being recognised as a safe-haven investment for those seeking diversification to secure and grow their wealth over the medium to long-term. For investment purposes rarity and condition are crucial factors and this example of a plate 77 Penny Red excels on both counts” commented Stanley Gibbons Investment Director, Keith Heddle. “With our recently launched GB250 Index showing an average compound return of 13.4% over the past ten years we are confident that this philatelic rarity will show good returns for our client over the medium to long-term.” End
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