SINGAPORE - A prized series of rare 1953 Queen Elizabeth II revenue stamp sheets used in land title deeds will go on auction this Saturday.
Bids for each sheet of 50 stamps in $500 denominations will start at $12,000. They are part of the Singapore Philatelic Museum's first fundraising auction to help it raise money for bigger galleries and more exhibitions.
These stamps were used by lawyers here but because of their value, were rarely purchased in full sheets.
Other stamps from the museum's surplus collection that will go on sale include the 1955 Queen Elizabeth II definitive stamps, overprinted with the words Postal Training School. They were used for staff training at the Postal Service Department Singapore - Singapore Post's predecessor. This is expected to be a hit with the 20,000 stamp collectors here.
Also up for sale are a series of 1968 stamps featuring masks, different dance forms and musical instruments from post-independent Singapore.
Ms Tresnawati Prihadi, the museum's general manager, said: "We hope that stamp lovers and collectors will support this event. The amount raised will be integral in supporting the museum's efforts to raise funds for our museums development as well as exhibitions and programming to reach out to a larger audience."