Position 77

Position 77
Position 77

Gum:

NH

Condition:

Sound

Perf Condition:

Intact

Summary

Position 77 is one of the few Mint Never-Hinged copies of the Inverted Jenny. It was sold in a 1959 John A. Fox auction on behalf of Frederick H. Douglas of Rumson N.J., where it was purchased by the Weills of New Orleans, acting as agent for a southern physician, Dr. J.A. Graves. It was next sold in 1982, in a Siegel sale on behalf of Dr. Graves, where it was purchased by another Weill client, Dr. Charles E. Test, for a then-record price for a U.S. stamp of $198,000.

Position 77 remained with Dr. Test until his 20th century stamps were sold by Christie's New York in 1994, where it was purchased by billionaire banker Edmond J. Safra for $173,000.

Edmond Safra passed away under mysterious circumstances in 1999, and the stamp was held until 2014, when it was sold for $576,000.

Owners:

Certification

None

Transactions:

Date
Type
Where Sold
Seller
Buyer
Condition
Cat. Value
Realization
1918-05-20
Sound
$ 15,000
1918-05-21
Sound
$ 20,000
1959-07-30
GB Sloane
Sound
$ 6,000
$ 6,100
1982-04-24
Siegel
Anon.
Sound
$ 145,000
$ 198,000
1994-02-02
Christie's
Sound
$ 135,000
$ 173,000
2014-05-21
Spink USA
Anon.
Sound
$ 1,000,000
$ 576,000

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

Date
Type
Where Sold
Condition
Cat. Value
Realization
% Cat. Val.
1959-07-30
GB Sloane
Sound
$ 6,000
$ 6,100
1.017
1982-04-24
Siegel
Sound
$ 145,000
$ 198,000
1.366
1994-02-02
Christie's
Sound
$ 135,000
$ 173,000
1.281
2014-05-21
Spink USA
Sound
$ 1,000,000
$ 576,000
0.576
Position 77: Scott Catalog Value vs. Realizations
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