Position 78

Position 78
Position 78

Gum:

OGph

Condition:

Fault

Perf Condition:

Intact

Paper Condition:

Crease, Repaired Tear

Summary

Position 78 was at one time part of the Southgate and "Ambassador" collections. In 1973 the Weills of New Orleans placed the stamp with Hermann Schnabel of Germany, making this the second copy owned by him. It was subsequently offered at auction in Germany later in 1973, and again in 1985 at Christie's for the same consignor, where it realized $88,000.

Position 78 has the dubious distinction of being the only example of an Inverted Jenny to have seen the inside of a vacuum cleaner.

Owners:

Certification

1973
PF
Certificate No. 41612
 
IT IS GENUINE
1985
PF
Certificate No. 146582
 
IT IS GENUINE, WITH TINY THINS DUE TO HINGE REMOVAL
2009
PF
Certificate No. 474375
 
IT IS GENUINE, PREVIOUSLY HINGED, WITH CREASES AND REPAIRED TEARS.

Transactions:

Date
Type
Where Sold
Seller
Buyer
Condition
Cat. Value
Realization
1918-05-20
Sound
$ 15,000
1918-05-21
Sound
$ 20,000
1942-06-13
Robinette
Anon.
Sound
$ 4,500
1953-12-15
Heiman
Anon.
Anon.
Sound
$ 4,000
$ 2,800
1954-03-30
Kessler
Anon.
Anon.
Sound
$ 4,000
1955-00-00
Sound
$ 4,000
1957-02-15
Herst
Anon.
Sound
$ 4,000
$ 4,055
1966-04-28
Siegel
Anon.
$ 16,000
$ 18,500
1971-03-23
Siegel
Anon.
Anon.
Sound
$ 30,000
$ 36,000
1973-01-09
Siegel
Anon.
Anon.
Sound
$ 35,000
$ 37,000
1973-06-21
Sound
$ 35,000
$ 39,000
1973-10-15
Mohrmann
Sound
$ 35,000
$ 31,380
1985-06-18
Christie's
Fault
$ 110,000
$ 88,000
1990-10-25
Christie's
Anon.
Fault
$ 135,000
$ 39,600

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

Date
Type
Where Sold
Condition
Cat. Value
Realization
% Cat. Val.
1953-12-15
Heiman
Sound
$ 4,000
$ 2,800
0.7
1957-02-15
Herst
Sound
$ 4,000
$ 4,055
1.014
1966-04-28
Siegel
$ 16,000
$ 18,500
1.156
1971-03-23
Siegel
Sound
$ 30,000
$ 36,000
1.2
1973-01-09
Siegel
Sound
$ 35,000
$ 37,000
1.057
1973-06-21
Sound
$ 35,000
$ 39,000
1.114
1973-10-15
Mohrmann
Sound
$ 35,000
$ 31,380
0.897
1985-06-18
Christie's
Fault
$ 110,000
$ 88,000
0.8
1990-10-25
Christie's
Fault
$ 135,000
$ 39,600
0.293
Position 78: Scott Catalog Value vs. Realizations
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