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STAMP IN US SELLS FOR STAGGERING $2 MILLION AT AUCTION IN NEW YORK

A rare US postage stamp has sold for $2m (£1.63m) in a New York auction, setting the record for the most expensive single US stamp sold.

The famous red, white and blue “Inverted Jenny” stamp dates back to 1918 and originally cost 24 cents.

Its fame is tied to both its rarity – only 100 were printed at the time – and also because the plane it depicts is printed in error upside down.

It was purchased by stamp collector Charles Hack.

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Credit: http://bbc.com

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