Lincoln stamp: Stolen, found, and sold for $ 431,000 | world | Hindustan Times
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Lincoln stamp: Stolen, found, and sold for $ 431,000

A rare Abraham Lincoln stamp that was stolen in 1967 and surfaced 39 years later has sold at auction for more than $ 430,000.

world Updated: Jun 14, 2009 12:59 IST

A rare Abraham Lincoln stamp that was stolen in 1967 and surfaced 39 years later has sold at auction for more than $ 430,000.

The stamped envelope was auctioned yesterday at Manhattan's Robert A Siegel galleries. The buyer is Arthur KM Woo, a doctor who would reveal nothing more about him.

He paid $ 431,250 for the 90-cent stamp, against a pre-sale estimate of $ 300,000 to $ 400,000, including the buyer's premium.

The so-called Ice House Cover with Lincoln's likeness is on an envelope mailed from Boston to an icehouse in India in 1873.

The stamp vanished from its owner's safe in Indianapolis and turned up in 2006 at a home in Chicago, about 200 miles (300 km) away. A collector notified police.