The last owner was John E. du Pont, an heir to the du Pont chemical fortune who was convicted of fatally shooting a 1984 Olympic champion wrestler. The stamp was sold by his estate, which will designate part of the proceeds to the Eurasian Pacific Wildlife Conservation Foundation that Du Pont championed.
Printed in black on magenta paper, it bears the image of a three-masted ship and the colony's motto, in Latin: "we give and expect in return". It went into circulation after a shipment of stamps was delayed from London and the postmaster asked printers for the Royal Gazette newspaper in Georgetown in British Guiana to produce three stamps until the shipment arrived: a one-cent magenta, a four-cent magenta and a four-cent blue.
While multiple examples of the four-cent stamps have survived, only the tiny one-cent issue is known to exist today.
Its first owner was a 12-year-old Scottish boy living in South America who added it to his collection after finding it among family papers in 1873. He soon sold it for a few shillings to a local collector, Neil McKinnon.
McKinnon kept it for five years before selling it to a Liverpool dealer who recognized the unassuming stamp as highly uncommon. He paid 120 pounds for it and quickly resold it for 150 pounds to Count Philippe la Renotiere von Ferrary, one of the world's greatest stamp collectors.
Upon his death in 1917, the count bequeathed his stamp collection to the Postmuseum in Berlin. The collection was later seized by France as war reparations and sold off in a series of 14 auctions with the One-Cent Magenta bringing $35,000 in 1922 - an auction record for a single stamp.
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