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The star of the collection is a "Z Grill" stamp from 1868 that has a face value of one cent and is expected to fetch $4 million-$5 million, which also would also mark a new record for a U.S. stamp.
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"G" grill on a stamp of the 1869 issue. A grill on a postage stamp is an embossed pattern of small indentations intended to discourage postage stamp reuse.Used in the United States in the 1860s and 1870s, they were designed to allow the ink of the cancellation to be absorbed more readily by the fibres of the stamp paper, making it harder to wash off the cancellation.
The Benjamin Franklin Z Grill, or simply "Z-Grill", is a 1-cent postage stamp issued by the United States Postal Service in February 1868 depicting Benjamin Franklin.While stamps of this design were the common 1-cent stamps of the 1860s, the Z-Grill is distinguished by having the so-called "Z" variety of a grill pressed into the stamp, creating tiny indentations in the paper.
A philatelic auction, or stamp auction, is a sale of stamps, covers and other philatelic material usually run by stamp dealers or specialist collectibles auctioneers, such as David Feldman, Christie's and Sotheby's, where prospective purchasers place bids in an attempt to obtain the desired items.
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The price of a First-Class stamp reached 10 cents in 1974, just before the 200th anniversary of the service. As recently as 2002 it stood at 34 cents, or half of the current price.
Shortly after purchasing the Inverted Jennys he proceeded to trade them with Donald Sundman, president of the Mystic Stamp Company, a stamp dealer, for one of only two known examples of the USA 1c Z Grill. By completing this trade, Gross became the owner of the only complete collection of U.S. 19th century stamps. [34]