Position 68 - 2013-10-09 Transaction Summary




Purchase Date:
2013-10-09
How Purchased:
Auction
Where Purchased:
Siegel Auction Galleries
Auction No.:
1052-The Beverly Hills Collection
Lot No.:
6
Sound/Fault:
Sound
Catalogue Value:
$ 1,000,000
Realized:
$ 575,000
Seller:
Anonymous
Buyer:
Anonymous

Description

24c Carmine Rose & Blue, Center Inverted (C3a). Position 68, Mint Never-Hinged, exceptionally vibrant colors on bright paper, fresh gum, small pencil “68” position number written on back corner by Eugene Klein (as he did on all 100 in the original sheet)

VERY FINE AND CHOICE. ONLY FIVE EXAMPLES OF THE FAMOUS 24-CENT INVERTED “JENNY” ARE KNOWN IN MINT NEVER-HINGED CONDITION, INCLUDING THE “LOCKET COPY”. THIS STAMP, WITH ITS RICH COLORS, FULL PERFORATIONS AND PRISTINE GUM, IS ONE OF THE FINEST OF ALL KNOWN EXAMPLES OF PHILATELY’S MOST RENOWNED STAMP.

Ex Theodore A. Stevens (Siegel Sale 225, December 10, 1959, lot 556, $6,400), anonymous owner (Siegel Sale 674, December 16, 1986, lot 1499, $120,000 hammer plus 10% premium to Stanley M. Piller as agent for private collector) and private collector (collection sold to Jay Parrino through Stanley M. Piller and Siegel Auction Galleries)

With 1986 Philatelic Foundation certificate (170000) as “Genuine” (at this time The Philatelic Foundation’s policy was to omit the words “previously hinged” to indicate the stamp was Never Hinged). With 2013 P.F. certificate as “Genuine, Mint N.H.” with a grade of Very Fine 80. With 2013 Professional Stamp Experts certificate (1270176), which states “genuine unused, o.g., never hinged, position 68” with a grade of Very Fine 80, Mint OGnh.

The grade of Very Fine 80 is the higher of the two for Scott C3a in Mint NH condition in the PSE Population Report. The other PSE-graded Mint NH stamp (Position 84) is graded Fine-Very Fine 75. In addition, the PSE Population Report shows previously hinged copies graded 80, 85 and 95. All other copies are hinged and graded lower than 80.

2013 Scott Catalogue Graded Value for Mint NH VF 80: $1,000,000

Stamp Market Quarterly Value: $960,000
Copyright 2019. 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.