The first stamp was issued in 1840, the penny black. The penny red replaced it in 1841. In 1864 Georges Herpin coined the the term "philately" which replaced previous terms for a collector of stamps.

Stamp dealer Paul Fraser Collectibles has confirmed it will be selling a Plate 77 Penny Red from 1864, listed for £650,000 (€771,400). The sale is expected to break the previous record price ...