Tags: us | postal | museum | donation

Collector Sells Stamps, $3.2M, to Help Smithsonian

Sunday, 29 Nov 2009 01:06 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON -- A wealthy investor has sold two of his prized stamp collections to help pay for an expansion of the Smithsonian's National Postal Museum.

William H. Gross sold the collections last week at an auction in New York. The collections included stamps from the Confederacy and British colonies in North America. They fetched $3.2 million.

The proceeds go toward Gross' $8 million pledge to the museum. He has also donated some of the rarest known stamps from his personal collection.

Special: Get Sarah Palin’s New Book – Incredible FREE Offer – Click Here Now.

Gross is the founder of Pacific Investment Management Co., based in Newport Beach, Calif.

The museum's expansion from a basement space near Washington's Union Station is scheduled to open in late 2012. A gallery will be named in Gross' honor.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Report: White House Expects 'Surge' of Immigrants

Sunday, 19 Oct 2014 23:36 PM

The U.S. Citizenship and Immigration Services has published a draft solicitation for immigrant identification cards that . . .

Student Victim of 'Knockout Game' on University Campus

Sunday, 19 Oct 2014 22:57 PM

Police are warning students to be on their guard after a female student at Oakland University in Rochester, Michigan, wa . . .

Report: Obamacare Bronze Plans to Go Up at Least 14%

Sunday, 19 Oct 2014 20:33 PM

As the second year of signups is set to begin under the Affordable Care Act, some of the lowest-level plans are increasi . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved