Position 11

Position 11
Position 11

Gum:

OGph

Condition:

Fault

Perf Condition:

Intact

Paper Condition:

Thin, Gum Wrinkle

Summary

This stamp was once part of a horizontal pair, with Position 12, owned by Joseph Steinmetz of Philadelphia. According to the Amick book (p. 80), Steinmetz took this pair of the Inverted Jenny's as his share of the profit when the sheet was first sold.

Steinmetz, with Percy Mann and Eugene Klein, agreed to combine forces rather than compete with one another when purchasing the sheet from its discoverer, William Robey, in 1918. The three then sold the sheet to Colonel Green, who gave instructions for it to be broken.

The pair was broken prior to its sale in 1929 by Eugene Klein.

Owners:

Certification

1973
PF
Certificate No. 43109
 
IT IS GENUINE, SOME WRINKLING AND A SMALL THIN SPOT AT RIGHT

Transactions:

Date
Type
Where Sold
Seller
Buyer
Condition
Cat. Value
Realization
1918-00-00
Klein
Sound
1918-05-20
Sound
$ 15,000
1918-05-21
Sound
$ 20,000
1929-03-21
Klein
Anon.
Sound
$ 1,060
1947-04-02
Cosmos
Anon.
Anon.
Sound
1965-05-11
HRH NY
Anon.
Fault
$ 12,500
$ 8,000
1977-01-29
Schiff
Anon.
Anon.
Fault
$ 45,000
$ 36,000

Graph of Realizations for This Position in Relation to Catalogue Value:

Date
Type
Where Sold
Condition
Cat. Value
Realization
% Cat. Val.
1965-05-11
HRH NY
Fault
$ 12,500
$ 8,000
0.64
1977-01-29
Schiff
Fault
$ 45,000
$ 36,000
0.8
Position 11: Scott Catalog Value vs. Realizations
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