Position 31 - 2012-06-26 Transaction Summary




Purchase Date:
2012-06-26
How Purchased:
Auction
Where Purchased:
Siegel Auction Galleries
Auction No.:
1014
Lot No.:
2149
Sound/Fault:
Fault
Catalogue Value:
$ 500,000
Realized:
$ 184,000
Seller:
Anonymous

Description

24c Carmine Rose & Blue, Center Inverted (C3a). Position 31, disturbed original gum, rich colors, choice centering for this difficult issue, tiny thin in top right portion of vignette below "TA" of "POSTAGE", tiny corner perforation thin at bottom right

VERY FINE APPEARING EXAMPLE OF THE FAMOUS 1918 24-CENT INVERTED "JENNY". THIS IS ONE OF THE MOST EASILY RECOGNIZABLE STAMPS IN ALL OF PHILATELY.

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.

Ex Grunin and Newport. With 2007 P.F. certificate
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