Position 17 - 2009-04-23 Transaction Summary

Purchase Date:
2009-04-23
How Purchased:
Auction
Where Purchased:
Schuyler Rumsey Philatelic Auctions
Auction No.:
33
Lot No.:
3819
Sound/Fault:
Fault
Catalogue Value:
$ 500,000
Realized:
$ 180,000
Seller:
Anonymous
Buyer:
Anonymous

Description

1918, 24ยข carmine rose & blue, center inverted. Position 17, full o.g., which is relatively lightly hinged, rich colors which are bright and fresh, pencil notation on back noting position, faintest trace of diagonal crease, which is barely visible from reverse only, Fine; with 1974 and 1989 P.F. certificates.

Scott No. C3a $500,000.

A Rare Example of the Famous 1918 24-Cent Inverted "Jenny" Error and a gorgeous copy of this Classic World Gem.

According to "Jenny" by George Amick (Amos Press, 1986), the original sheet of 100 Inverted "Jenny" stamps was purchased for $24 by William T. Robey at the New York Avenue Branch Post Office window in Washington D.C., on May 14, 1918, one day after the stamp was first placed on sale at the main post office. On May 20, Robey sold his sheet for $15,000 to Eugene Klein, a Philadelphia stamp dealer. Klein had already arranged to sell the sheet to Col. Edward H. R. Green for $20,000. Colonel Green instructed Klein to divide the Inverted "Jenny" sheet into singles and blocks, and to sell all but a few key position blocks.
Copyright 2021. All rights reserved by Siegel Auction Galleries Inc. and Inverted Jenny.com. Information and images may be used with credit to Siegel/InvertedJenny.com subject to guidelines and restrictions.