Position 26 - 2009-09-29 Transaction Summary



Purchase Date:
2009-09-29
How Purchased:
Auction
Where Purchased:
Siegel Auction Galleries
Auction No.:
976-United States Stamps
Lot No.:
2225
Sound/Fault:
Fault
Catalogue Value:
$ 500,000
Realized:
$ 0
Seller:
Anonymous
Buyer:

Description

24c Carmine Rose & Blue, Center Inverted (C3a). Position 26, slightly disturbed original gum, rich colors, small indentations at top described on accompanying certificate as "few small horizontal creases at top"

FINE APPEARING EXAMPLE OF THE FAMOUS 1918 24-CENT INVERTED "JENNY" ERROR. WITHOUT QUESTION THIS IS THE MOST FAMOUS STAMP IN AMERICAN PHILATELY.

According to Jenny! by George Amick (Amos Press, 1986), William T. Robey purchased the original sheet of 100 inverted "Jenny" stamps on May 14, 1918, one day after the stamp was placed on sale, at the New York Avenue Post Office window in Washington, D.C. Soon after, the sheet was sold to Col. Edward H. R. Green through Eugene Klein, a Philadelphia stamp dealer. Green paid $20,000 for the sheet, then instructed Klein to divide it into singles and blocks, and to sell all but a few key position blocks.

Stamp specialists and professionals know that examples of this stamp come in different grades of freshness and condition. Many of the original 100 stamps were mistreated by collectors over the years, despite the stamps' rarity and value. Colonel Green himself allowed moisture to affect some of the stamps he retained. Other examples have become slightly toned from improper storage and climatic conditions. Hinging has caused thins and creases in numerous stamps, and at least seven have been "lost" to philately -- or nearly so as in the case of the copy swept up in a vacuum cleaner.

Ex Colonel Edward H.R. Green and offered in Part XX by Laurence and Stryker in March 1945 where purchased by Philip Ward for a customer who held it for decades. With 1993 P.F. certificate
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