Position 69 - 2015-04-30 Transaction Summary




Purchase Date:
2015-04-30
How Purchased:
Auction
Where Purchased:
Siegel Auction Galleries
Auction No.:
1096-The Robert R. Hall Collection
Lot No.:
818
Sound/Fault:
Sound
Catalogue Value:
$ 350,000
Realized:
$ 345,000
Seller:
Buyer:

Description

24c Carmine Rose & Blue, Center Inverted (C3a). Position 69, lightly hinged, deep rich colors, well-centered

VERY FINE AND CHOICE. ONE OF THE WIDEST-MARGINED AND FRESHEST EXAMPLES OF THE FAMOUS INVERTED JENNY.

According to Jenny! by George Amick (Amos Press, 1986), the original sheet of 100 inverted "Jenny" stamps was purchased by William T. Robey on May 14, 1918, one day after the stamp was placed on sale. Robey bought the sheet at the New York Avenue Post Office window in Washington, D.C. Soon after, the sheet was sold to Col. Edward H. R. Green through Eugene Klein, a Philadelphia stamp dealer. Green paid $20,000 for the sheet, then instructed Klein to divide it 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 this stamp 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. Hinging 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 Position 69 stamp is in an extraordinary state of freshness, with excellent color and brightness.

With 1970 P.F. certificate
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