The Bahamas became a British crown colony in 1718, when the British clamped down on piracy. After the American Revolutionary War, the Crown resettled thousands of American Loyalists to the Bahamas; they took enslaved people with them and established plantations on land grants. The use of postage stamps began in April 1858 with a consignment of British stamps. These were cancelled “A05” at Nassau. The use of British stamps was brief however; in the following year the Bahamian post office became independent of London, and issued its own stamps beginning 1859. Todays stamp is the one penny (Queen Victoria) from the first issue. It is a quite rare stamp with a CV of around 2.500 $.