Position 8 - 2016-06-01 Transaction Summary



Purchase Date:
2016-06-01
How Purchased:
Auction
Where Purchased:
Schuyler Rumsey Auctions
Auction No.:
68-New York World Stamp Show 2016 auction
Lot No.:
324
Sound/Fault:
Fault
Catalogue Value:
$ 350,000
Realized:
$ 190,000
Seller:
Anonymous
Buyer:
Anonymous

Description

Airmail, 1918, 24¢ Carmine Rose & Blue, Center Inverted. Position 8, slightly disturbed o.g., rich colors which are bright and fresh; tiny natural paper inclusion and reperfed at top, Fine appearance, with 2002 P.F. certificate. Scott No. C3a; $350,000.

A RARE EXAMPLE OF THE FAMOUS 1918 24¢ INVERTED "JENNY" ERROR AND AN ATTRACTIVE EXAMPLE OF THIS CLASSIC WORLD GEM.

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.
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