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‘Bond King’ Bill Gross sells rare ‘Z’ Grill stamp for $4.4M — most valuable in US
America’s most valuable postage stamp sold for nearly $4.4 million on Friday. The 1868 one-cent “Z” Grill was sold as part of the collection owned by “Bond King” Bill Gross, who co-founded asset management firm Pacific Investment Management Co., otherwise known as PIMCO. The winning bidder chose to remain anonymous. It’s the first time the stamp has been sold in 26 years, and among stamp enthusiasts, it is considered the most coveted. The “Z” Grill stamp completes the entire collection that includes one of every postage stamp issued by the US Postal Service since 1847. The “Z” Grill stamp came in ... (full story)