Position 84 - 2005-12-10 Transaction Summary



Purchase Date:
2005-12-10
How Purchased:
Auction
Where Purchased:
Siegel Auction Galleries
Auction No.:
904
Lot No.:
499
Sound/Fault:
Sound
Catalogue Value:
$ 325,000
Realized:
$ 280,000
Seller:
Anonymous
Buyer:
Anonymous

Description

24c Carmine Rose & Blue, Center Inverted (C3a). Position 84, Mint Never Hinged, rich colors, wide margins with centering better than most examples from the original sheet of 100, couple tiny natural inclusions on back only, pencil notation on back noting position

VERY FINE. A RARE MINT NEVER-HINGED EXAMPLE OF THE FAMOUS 191 24-CENT INVERTED "JENNY" ERROR.

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.

It is well-known among stamp specialists and professionals that examples of the Inverted "Jenny" come in different grades of freshness and condition. Many of the original 100 stamps were mistreated by collectors during 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. Hinge removal 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.

This example is remarkable for its pristine state of preservation. Our review of the census of the Inverted "Jenny" has found that there are only six positions that are either Mint N.H., or are potentially in Mint N.H. condition. These are: Positions 29, 33, 68, 74, 77 and 84. Of these, Position 29 may have a paper speck (needs to be confirmed).

Ex Dick and Matthews. With 1969 P.F certificate and 2005 P.S.E. certificate (F-VF 75). We feel that this stamp deserves a grade of VF 80.
Copyright 2021. 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.