Position 99 - 1994-05-20 Transaction Summary



Purchase Date:
1994-05-20
How Purchased:
Auction
Where Purchased:
Siegel Auction Galleries
Auction No.:
760-United States Stamps
Lot No.:
1001
Sound/Fault:
Fault
Catalogue Value:
$ 135,000
Realized:
$ 88,000
Seller:
Buyer:
Anonymous

Description

24c Carmine Rose &: Blue, Center Inverted (C3a). Small h.r., tiny natural inclusion speck, few perf separations between stamp and selvage and natural flat plate gum bends (not mentioned on certificate), translucent stain barely visible

FRESH COLORS WITH VERY FINE CENTERING. POSITION 99, LAST PURCHASED IN 1929 FROM H.A. ROBINETTE, IS OFFERED HERE FOR THE FIRST TIME IN 65 YEARS.

George Amick, in his definitive reference book on the Inverted "Jenny", refers to this stamp without knowing its position number (p. 94). It was sold in 1929 for $1,575 in the H. A. Robinette sale of the Reid S. Baker collection. The buyer was a collector named Charles L. Jackman, who assembled his United States stamp collection in 1928 and 1929. Mr. Jackman was a prominent businessman in Concord, New Hampshire, and served as Chief Executive Officer of the Jackman Group of Insurance Companies and Chairman of the Board of Page Belting Manufacturing Company for decades. Mr. Jackman also served on the boards of several area banks, the Northern Railroad and United Life, as well as holding the office of police commissioner for the city of Concord. Mr.Jackman died in 1957, leaving his collection to the late Margaret Gesen, who kept it away from public view for the duration of her life. With her passing, the long-lost Position 99 has re-entered the market. With 1994 P.F. certificate.

Ex Reid S. Baker
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