Brighton, New York
2831 W Henrietta Rd.
Rochester, NY 14623
(585) 415-1514

Top Rochester Pawn Shop Takes a Look at $10M Stamp Collection April 6, 2016

Brighton, Monroe
Top Rochester Pawn Shop Takes a Look at $10M Stamp Collection , Brighton, New York

A well-chosen stamp can appreciate in value over the years and generate a significant return on your initial investment. The experts at Gold 4 Cash, a pawn shop that sells diamonds and offers cash for gold in Rochester, NY, explain that stamp collecting is one of the most profitable markets available. In fact, San Francisco billionaire Bill Gross, who auctioned his early Great Britain stamps for $10,506,400, set the the record for one of the most successful stamp auctions in history. 

Here are some interesting facts regarding that auction and the man behind it:

  • Online Bidding: Over a third of the sales at the auction went to online bidders. Thirteen different bidders purchased online and they bought 107 of the 226 different lots.
  • Leading Collector: Collector Bill Gross has a complete collection of 19th century USA stamps. The most famous stamp in his collection is the 1868 1cent Z Grill, and it's the only copy of the stamp that is privately owned. He has won international awards each time he's opened his collection up for exhibits.
  • Pawn ShopCharity: Gross donated the entire proceeds of the auction to charity. The hammer price of the collection was gifted to Doctors Without Borders, and it was the largest United States donation in the charity's history.
  • Profit: Gross purchased the Great Britain stamps for about $2.5 million. They sold for more than four times what he paid for them. Some individual stamps sold for more than 10 times what Gross had paid for them just a few years before. For example, the Lady Louis stamp was sold for $747,500, despite an initial purchase value of about $75,000–$100,000.

Buy or sell stamps, coins, electronics, and sports memorabilia from Gold 4 Cash, a Rochester pawn shop that also offers cash for gold. The company's specialists provide authentic valuations you can trust. Learn more by calling (585) 415-1514, or visit the pawn shop online today.

Other Announcements, Events and Deals from Gold 4 Cash
3 Reasons to Holiday Shop Early by Getting Cash for Gold, Brighton, New York
As another holiday season filled with gift shopping for your family and loved ones rolls around, consider getting a head start on your present list with a little help from Gold ...read more
Discover the Top Reason to Visit Rochester's Best Pawn Shop, Brighton, New York
Selling your unwanted gold allows you to get cash quickly, with many gold buyers offering high payouts for all types of items. With so many pawn shops and jewelry stores willing...read more
3 Tips for Buying & Selling at Rochester Pawn Shop, Brighton, New York
If you’re preparing to buy or sell items at a pawn shop, it’s helpful to have a few tips about this lucrative process from the buying and selling experts. Gold 4 Cash is Rochest...read more
Rochester’s Best Pawn Shop Offers 3 Tips for Becoming a Great Negotiator, Brighton, New York
Negotiation isn’t an easy skill to master, but it’s one that offers great dividends for those who learn it. Whether you’re trying to get cash for used items or close a business deal,...read more
3 Easy Ways to Declutter Your Garage & Get Cash for Used Items, Brighton, New York
If you’re searching for an easy way to make a little extra money, look no further than your own garage. Over time, items you no longer want or need end up in boxes and on shelves, cl...read more