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The E-Sylum: Volume 9, Number 23, June 4, 2006, Article 25 BILL GROSS EXHIBITS STAMP COLLECTION Arthur Shippee writes: "In the Sunday May 30 New York Times is an article by Matthew Healey, "Stamp Exhibit shows complete 1800's set" on the Washington 2006 World Philatelic Exhibition. It highlights the collection of William H. Gross." Bill Gross is the famous bond investor mentioned in the November 6, 2005 E-Sylum when he completed his collection with a high-profile trade with Donald Sundman, brother of NBS Secretary-Treasurer David Sundman. MOST EXPENSIVE STAMP TRADE esylum_v08n47a04.html "Some of the rarest and most valuable American and foreign postage stamps are being displayed in a once-in-a-decade event, the Washington 2006 World Philatelic Exhibition." "Mr. Gross said in a telephone interview on Friday that he collected stamps as a child and resumed the hobby in the early 1990's as a way to "reconnect with my childhood." He said he was determined not to "get clipped"; his mother had once tried to invest by buying sheets of new stamps from the post office, only to find later that they were worth nothing more than their face value. Mr. Gross, 62, said he decided to bring his investment experience to bear and researched the historical trends in the auction prices of rare older stamps before immersing himself in the hobby again. He found that over the long term, scarce and high-quality specimens appreciated at least as well as the economy in general and provided a sound way to put serious money into collectibles. At first, Mr. Gross pursued collecting out of the public eye, exhibiting his stamps under the pseudonym Monte Carlo at national philatelic gatherings. He later went public and continued to develop his collection under his own name." To read the complete article, see: Full Story Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@coinlibrary.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum | |
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