Auction preview: Bill Gross to sell his rare U.S. stamp collection worth more than $9M USD

Block of 1869 24-cent stamps expected to bring $1M USD

Famed bond manager Bill Gross has announced he will sell one of his many investments, his rare U.S. stamp collection.

Gross, who’s a fund manager at Janus Capital and co-founded Pacific Investment Management before his 2014 departure, recently announced his plans to sell his collection through a series of auctions, this first of which is slated for September. It will be hosted by Siegel Auction Galleries.

For more information, visit


In May 2016, Gross appeared on Bloomberg GO to discuss philanthropy and philately, both of which he knows very well.

“Well, I’ve been selling it for nine years; you know, once you’re fill in all the spaces, Tom, it’s time to start letting some of it go,” said Gross, of the idea of selling his stamp collection.

“I’ve been letting it go for charity for about $20-$25 million over the past nine years, and this collection sale helped.”

Asked if he’ll ever “sell the stamp with the upside down airplane,” Gross responded: “Oh, no—never, never sell the Inverted Jenny; keep the Inverted Jenny.”

A previous sale of part of Gross’ collection realized $4.5 million USD, a portion of which was donated to the Pimco Foundation that he co-founded in 2000.

Leave a Reply

Canadian Stamp News


Canadian Stamp News is Canada's premier source of information about stamp collecting and related fields.

Although we cover the entire world of philatelics, the majority of our readers are Canadian, and we concentrate on the unique circumstances surrounding collecting in our native land.

Send Us Your Event

Running an event? Send it to us and we will display it on Canadian Stamp News!

Submit Event →

Subscribe To 26 Issues For Just $59.99/year

Subscribe today to receive Canada's premier stamp publication. Canadian Stamp News is available in both paper and digital forms.

Subscribe Now