This stamp, Position 74, was owned by former U.S. Senator Joseph S. Frelinghuysen (1869-1948), a second cousin of Peter H. B. Frelinghuysen Jr.

Senator Joseph Frelinghuysen sold the stamp at auction through George B. Sloane on December 14, 1932, and the successful bid of $2,750 was made by a "Mrs. F" of Morristown N.J., the mother of Peter H. B. Frelinghuysen Jr. At the time of the Sloane sale the stamp was still Mint N.H., and the price paid was a record.

The Inverted "Jenny" was the centerpiece of 18-year old Peter H. B. Frelinghuysen Jr.'s exhibit of worldwide air post stamps at the February 1934 National Stamp Exhibition held at Rockefeller center in New York City. The teenage philatelist won a gold medal, and Stamps magazine remarked, "All the great rarities were included." This stamp remained with the Frelinghuysen family from 1932 until its sale in 2011 by Siegel Auction Galleries.