Position 61-62/71-72 - 2001-05-19 Transaction Summary


Purchase Date:
2001-05-19
How Purchased:
Auction
Where Purchased:
Siegel Auction Galleries
Auction No.:
837-2001 Rarities of the World
Lot No.:
357
Sound/Fault:
Fault
Catalogue Value:
$ 750,000
Realized:
$ 0
Seller:
Buyer:

Description

24c Carmine Rose & Blue, Center Inverted (C3a). Left sheet margin block of four, Positions 61-62/71-72, full original gum which is lightly hinged, bright and fresh colors, bottom right stamp trivial natural inclusion. top left stamp tiny thin speck, light natural gum bend affects top stamps and is only noticeable from back of stamp

VERY FINE. THE FAMOUS "PRINCETON BLOCK" OF THE 24-CENT 1918 INVERTED JENNY ERROR. ONE OF THE PREMIER RARITIES OF WORLDWIDE PHILATELY.

There are five recorded intact blocks of four of the Inverted Jenny error: 1) plate number block, 2), corner margin block with initials, 3) centerline block, 4) horizontal line block, and 5) the "Princeton Block" offered here. The "Princeton Block" was owned by Edgar Palmer and donated by his widow to Princeton University in 1947. The block was subsequently sold on behalf of Princeton in 1976, where it was purchased by the Weills of New Orleans for $170,000. The Weill Brothers then sold the block in 1979 for $500,000 to a syndicate from Florida. The block was again auctioned in 1982, where it sold to Kenneth Wenger.

Exhibited at Ameripex in 1986. Each stamp with small Economist Stamp Co. backstamp. Received P.F. certificate 64046, which no longer accompanies.
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