Front Cover i

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This improved scan of the front cover is courtesy of Photoshop's ingenious stitching of two A4 scans,

Page 102 explains the cover,

GUIDE TO THE COVER 

LIFE's cover, crammed with 118 stamps, shows the universal scope of' the subject matter of stamps-war and peace, heroes and villains, religion and sex. With one exception these stamps can be bought by schoolboy collectors-the Falkland Islands Penguin costs $25, but the average cost for the others is about 30¢ apiece. Above is a reproduction of the cover with stamps keyed by number to the identification below.

These 118 stamps at a stated average of 30c are not part of the $1M album, but given that they include a Penny Black (they start at £50 and catalogue at several times that), it will probably prove necessary to identify and price them all. Here's the full list (thanks again to Adobe for Acrobat's OCR).

 1 Yeman, 1948;
 2 unrecognized South Moluccas republic, 1952;
 3 Latvia, 1932;
 4 Eritrea, 1934;
 5 Barbados, 1906;
 6 Indonesia, 1946;
 7 Armenia, 1921;
 8 Victoria, Australia, 1901;
9 South Anstralia, 1883;
10 Norway, 1925;
11 Liechtenstein, 1927;
12 Belgium, 1941;
13 Queensland, Australia, 1903;
14 Libia, 1930;
15 Siam, 1929;
16 Isle of Coo, 1930;
17 French Equatorial Africa, 1942;
18 Austria, 1922;
19 Spanish Morocco, 1928;
20 Spanish Guinea, 1909;
21 Horta, Azores, 1896;
22 Salvador, 1895;
23 Ethiopia, 1947;
24 Hawaii, 1894;
25 Marshall Islands, 1915;
26 Ionian Islands, 1859; 27 Indochina, 1942;
28 Azerbaijan, 1919;
29 St. Vincent, 1888;
30 Newfoundland, 1897;
31 Egypt, 1914;
32 Helgoland, 1876;
33 Panama, 1906;
34 Slovakia, 1944;
35 Bavaria, 1911;
36 Mexico, 1875;
37 Switzerland, 1930;
38 Fiume, 1920;
39 Bulgaria, 1937;
40 Netherlands, 1949;
41 Bolivar, department of Colombia, 1863;
42 World's first stamp, Penny Black, 1840;
43 Spain, 1854;
44 Saar, 1925;
45 North Borneo, 1894;
46 Poland, 1932;
47 Russia, 1913;
48 Persia, 1880;
49 North Ingermanland, short-lived anti-Soviet country, 1920;
50 Greece, 1937;
51 Portugal, 1928;
52 Curacao, 1942;
53 Jhalawar, India, 1887;
54 Guatemala, 1881;
55 Finland, 1941·;
56 Papua, 1938;
57 Paraguay, 1939;
58 French Congo, 1900;
59 Madagascar, 1942
60 Croatia, 1944;
61 Hejaz, 1916
62 Liberia, 1896;
63 Zanzibar, 1896;
64 Falkland Islands, 1933;
65 Palestine, 1941;
66 French India, 1942;
67 Honduras, 1903;
68 Lithuania, 1921;
69 Zelaya State, Nicaragua, 1912;
70 Virgin Islands, 1899;
71 Germany, 1928;
72 Malta, 1899;
73 French colonies, 1862;
74 Gambia, West Africa, 1886;
75 Kishangarh, India, 1904;
76 Papal States, 1867;
77 Danzig, 1921;
78 Spain, 1930;
79 Sweden, 1891;
80 Sarawak, 1875;
81 Argentina, 1858;
82 Nova Scotia, 1860;
83 Niger Coast, 1891;
84 Uruguay, 1897;
85 Hungary, 1946, 500,000,000,000,000,000 pengoes, highest denomination stamp ever issued;
86 Mecklenburg-Schwerin, 1864;
87 Iceland, 1930;
88 Mauritius, 1858;
89 Turks Islands, West Indies, 1889;
90 Sierra Leone, 1933;
91 Bosnia Herzegovina, 1912;
92 Oltre Giuba, Italian Somaliland, 1926;
93 St. Lucia, 1902;
94 Estonia, 1928;
95 Navanagar, India, 1880;
96 Aitutaki, 1920;
97 Jind, India, 1882;
98 Brazil, 1854;
99 Bahamas, 1875;
100 Cochin, India, 1933;
101 Modena, Italy, 1852;
102 Peru, 1873;
103 New Guinea, 1939;
104 Confederate States of America, 1863;
105 Luxembourg, 1935;
106 Nyassa, 1901;
107 Romania, 1937;
108 Costa Rica, 1863;
109 New Brunswick, 1860;
110 Italy, 1933;
111 Ukraine, 1923;
112 Crete,1905;
113 Zululand, South Africa, 1894;
114 Tripolitania, 1933;
115 Mozambique Company, East Africa, 1937;
116 Sirmur, India, 1899;
117 Japan, 1919;
118 San Marino, 1944.