PIMCO Founder Bill Gross Will Sell Some Of His Historic U.S. Stamps in New York City Charity Auction

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Proceeds from the estimated $1.5 to $2 million auction April 9, 2013 in New York City of selected stamps and postal history from the unparalleled U.S. stamp collection of Wall Street executive William H. Gross of PIMCO will be donated by Gross and his wife, Sue, to Doctors Without Borders/Médecins Sans Frontières (MSF) and the Millennium Villages Project at Columbia University's Earth Institute.

With Hawaii and U.S. postage stamps, this 1854 letter written by the first missionary child born in Hawaii is valued at $50,000 to $70,000 and is one of the highlights of the William H. Gross Collection of U.S. stamps and postal history.

This is the first time Mr. Gross has ever offered stamps from his famous U.S. collection which is the finest, most valuable collection of U.S. stamps and postal history owned by a private individual.

Renowned collector and Wall Street money manager William H. Gross, Founder and Co-Chief Investment Officer of PIMCO, will sell items for the first time from his unparalleled U.S. stamp collection with the proceeds to be donated to charitable organizations, Doctors Without Borders/ Médecins Sans Frontières and the Millennium Villages Project at Columbia University's Earth Institute.    

The unreserved auction is estimated to bring $1.5 to $2 million, and will be conducted by Charles Shreve and Tracy Shreve in association with Robert A. Siegel Auction Galleries (http://www.SiegelAuctions.com) in New York City and online on April 9, 2013.     

"This is the first time Mr. Gross has ever offered stamps from his famous U.S. collection which is the finest, most valuable collection of U.S. stamps and postal history owned by a private individual," said Charles Shreve. " Six previous auctions of items from his extensive foreign stamp collections already raised a combined total of over $17 million for charities."

Some of the items in the upcoming fund-raising auction date back to 1847, the first year the United States issued postage stamps. One of the postal history highlights is a letter mailed in 1851 with an 1847 ten-cent stamp neatly cut in half and used in place of a five-cent stamp. It has an estimated value of $15,000 to $20,000.

Another highlight is a four-page letter with early Hawaiian and U.S. postage stamps that was written and mailed from Honolulu in 1854 by Maria Whitney Pogue, the first missionary child born in Hawaii. It is estimated at $50,000 to $70,000.

A letter written in 1851 and sent to New York from Canada using an 1847 U.S. postage stamp is estimated at $20,000 to $30,000. The letter is addressed to Edwin D. Morgan who would be elected New York Governor in 1859 and elected to the U.S. Senate in 1863. Edwin also served as the first Chairman of the Republican National Committee.

"I enjoy collecting, studying, admiring and displaying historic stamps and postal history, and have always been fascinated by the provenance of items and how important items move from one outstanding collection to another over the years. This gives each new collector an opportunity to acquire and learn. It's my hope that a new generation of collectors will carry on, deriving the same great pleasure from these items that I enjoy," said Gross.

"For the past 20 years I have enjoyed collecting and seeking out stamps and postal history from around the world, particularly rare items from the United States. Sue and I are delighted that proceeds from the various sales of portions of my collection have been able to benefit those much less fortunate than most of us."

Doctors Without Borders/Médecins Sans Frontières (http://www.DoctorsWithoutBorders.org) is an independent international medical humanitarian organization that delivers emergency health care aid to people affected by armed conflicts, epidemics, and natural or made-made disasters in nearly 70 countries. Over the years, Bill and Sue Gross have donated over $27 million to the organization.

"We thank Sue and Bill Gross for their extraordinary support of Doctors Without Borders' work around the world," said Dr. Deane Marchbein, Board President of MSF-USA. "The funds raised from the auction will help our teams respond to the war in Syria, disease outbreaks in South Sudan, and other humanitarian emergencies. Their unrestricted donations over the past six years have given us the flexibility and independence to provide lifesaving assistance where the needs are greatest."

Since 2008, Bill and Sue Gross have donated over $15 million to the Millennium Villages project (http://www.millenniumvillages.org), including proceeds from previous stamp auctions.

"The Gross’ generosity continues to play a critical role in bringing hope and self-sufficiency to some of the poorest people on the planet -- those who are faced with overwhelming odds in the struggle to achieve better lives for themselves and for their families," said Jeffrey D. Sachs, Director of the Columbia University Earth Institute.

"Their support is driving efforts to improve the lives of the 500,000 people in 10 countries who are part of the Millennium Villages project. We are so grateful for their partnership in this important work."

For additional information about the auction, visit online at http://www.SiegelAuctions.com or contact Robert A. Siegel Auction Galleries, Inc., 60 East 56th St., 4th Floor, New York, NY 10022. Phone: (212) 753-6421.

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