Position 12

Position 12
Position 12

Gum:

OGph

Condition:

Fault

Perf Condition:

Intact

Paper Condition:

Crease, Thin

Summary

This stamp was once part of a horizontal pair, with Position 11, 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

1967
PF
Certificate No. 24594
 
IT IS GENUINE, REGUMMED, CREASED, AND WITH SMALL THIN SPOTS
2008
PF
Certificate No. 464981
 
IT IS GENUINE, PREVIOUSLY HINGED, WITH A DIAGONAL CREASE AND A TINY THIN SPOT

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
1928-00-00
Fault
1943-04-19
H Rooke NY
Anon.
Fault
$ 4,500
1966-11-17
Siegel
Anon.
Anon.
Fault
$ 18,500
$ 8,500
1967-09-29
Simmy's
Anon.
Anon.
Fault
$ 20,000
$ 13,500
2012-07-30
Anon.
Fault
$ 450,000

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

Date
Type
Where Sold
Condition
Cat. Value
Realization
% Cat. Val.
1966-11-17
Siegel
Fault
$ 18,500
$ 8,500
0.459
1967-09-29
Simmy's
Fault
$ 20,000
$ 13,500
0.675
Position 12: Scott Catalog Value vs. Realizations
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