1932

An unissued Newfoundland $1 First Transatlantic Airmail and Passenger Flight airmail stamp.

In 1932, the government of Newfoundland had the Bureau of Engraving of Minneapolis, Minn., produce 400,000 of the stamp under a contract with Aerial World Tours of Minneapolis. The tour company was to sell the stamps to raise money for the flight and took a lot of 25,000 stamps to sell. The stamps would be good for airmail postage on the flight. The company procured a Sikorsky seaplane and stationed it on Wayzata Bay in Lake Minnetonka, but it was unable to raise enough money to make the flight. On Sept. 10, 1932, Newfoundland canceled the contract and ordered the bank holding the balance of the 375,000 stamps to destroy them. The Scott classic specialized catalog does not list this stamp but does value it at $20 in a note.