Inverted “Jenny” Sold for $970,000

jennysingle.jpgOne of the rarest and most popular U.S. stamps was sold at auction November 14, 2007 for a whooping $850,000 plus 15% buyers premium for total of $970,000!!

This was one of the famous 24c U.S airmail stamps issued in 1918. Yes that’s right the face value was 24c which was actually quite expensive in those days.

There was only ever one sheet of 100 of these stamps, the inverted error, sold to the public. The post office did find some others but they were defaced and then shredded to prevent profiteering.

I won’t go into the complete story because a book and many articles have been written which detail its fascinating history.

It was sold by the auction firm of Robert A. Siegel Auction Galleries, Inc. of New York City on behalf of the owner. In 2005 they also sold a plate block of four of the same stamp for a record of $2,970,000 for a U.S philatelic item. How much higher can these go? Only time will tell. Read more at the Robert Siegel Auction website:

http://www.siegelauctions.com/2007/946a/s946a.htm

The sale catalogue (sale #946A) has wonderful write-ups on the history or the invert error by Scott R. Trepel (“The Allure of the Inverted Jenny”) and a great introduction by Joe R. Kirker ((“…and my heart stood still”). The catalogue can be downloaded in PDF format.

Advertisements

Please feel free to leave a comment. Be kind.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: