By BRETT ZONGKER Associated Press Writer,
Sep 22, 2009
The National Postal Museum has received an $8 million donation to build a new street-level gallery in Washington, D.C.
Officials said Tuesday that the gift from William H. Gross, founder of Pacific Investment Management Co., was the largest donation in the museum's history. Gross is also loaning the museum some of the world's rarest stamps from his personal collection.
Director Allen Kane says the museum will be able to move from its somewhat hidden basement into a street-level space that's about 40 percent bigger.
Among the stamps being donated is a block of four 1918 "Inverted Jennys," which are considered the most famous U.S. stamps. They were printed with the blue "Jenny" biplanes upside down in error. Kane says the stamps could draw as much as $4 million on the auction block.
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On the Net:
National Postal Museum: http://www.postalmuseum.si.edu/
Copyright 2009 The Associated Press
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