Adhesive postage stamp of a public postal system, was issued by the United Kingdom of Great Britain and Ireland on 1 May 1840, for use from 6 May of that year. Although all London post offices received official issues of the new stamps, other offices throughout the United Kingdom did not, and continued to accept postage payments in cash only for some time. Post offices in some other localities, such as those in the city of Bath, began offering the stamp unofficially after 2 May.The Penny Black is readily available on the collectors' market today, a used stamp in poor condition can cost as little as £10 ($20). However, because of its significance, this stamp in fine condition is in demand by collectors and therefore not cheap; in 2000, a used stamp cost about £110 (around US$200), an unused example about £1,600 (around US$3,000) with prices steadily rising. By contrast, a used Penny Red was £1.50 ($3).
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