inverted jenny value

The purchaser was revealed to be U.S. financier Bill Gross. Aware of the potential for inverts, a number of collectors went to their local post offices to buy the new stamps and keep an eye out for errors. That inverted Jenny was the main attraction in the Smithsonian National Postal Museum's 'Rarity Revealed' exhibition, 2007–2009. Bassey, 81, has enjoyed the novelty of owning the stamp, but knew it was time to let his stamp collection, which included a few hundred thousand stamps, go after not touching them since the '90s. Get the best deals for inverted jenny at eBay.com. Price: $2.6 Million. The Inverted Swan is one of the most famous and unique stamps in the world, not because of its beauty, but rather because it was one of the first invert errors in the world. The Inverted Jenny appeared in several TV shows and films, including Brewster's Millions, the episode "Homer's Barbershop Quartet" of the animated tv series "The Simpsons", and the episode "One Big Happy Family" of the legal drama For the People. However, that stolen and missing stamp served to drive the value of the other 99 examples even higher. The number of lost stamps then became six. Klein advised Green that the stamps would be worth more separately than as a single sheet, and Green went along. Nov. 15 Jenny Invert sale sets record Nov 15, 2018, 10 AM The 1918 24¢ Jenny Invert airmail error stamp from position 49 was sold by Robert A. Siegel Auction Galleries for nearly $1.6 million on the afternoon of Nov. 15. [2] Green had one copy placed in a locket for his wife. [1], During the 1910s, the United States Post Office had made a number of experimental trials of carrying mail by air. [20], Aside from having the biplane printed upside down, the inverted Jenny has become famous for other reasons as well. Treskilling Yellow, 1855. [12][13] He paid for the sheet, and asked to see more, but the remainder of the sheets were normal. The Service's general counsel was aware of the plan but formal approval by the legal department did not occur. There are at least 86 known in existence (only 100 were ever printed), but the one sold in 2018 is the most expensive because it was locked away in a safe deposit box for 100 years, meaning it had little exposure to light and remained in pristine … 2017 Scott Cat. The US Postal Service thought it would be an exciting idea to intentionally “misprint” some of its recent “Inverted Jenny” commemorative stamps, with the famous upside down biplane flying right side up.. [19] One of these is the locket copy, which, however has another condition problem: a corner crease at the bottom right probably inflicted while it was being enclosed behind glass. Indeed, no Jenny invert is in pristine condition, because Klein lightly penciled a number on the back of each stamp (from 1 through 10 in the top row to 91 through 100 in the bottom row) so that its original position on the sheet could be identified. This locket was offered for sale for the first time by the Siegel Auction Galleries Rarity Sale, held on May 18, 2002. Contact reporter Susan Bromley at sbromley@hometownlife.com or 517-281-2412. But it seems that stamp collectors, the intended audience, are not impressed. [14] Klein placed an advertisement on the first page of the May 25, 1918 Mekeel’s Weekly Stamp News offering to sell copies of the invert ($250 for fully perforated examples, $175 for stamps with one straight edge), but announced in his following week’s ad that the entire sheet had been purchased by an individual collector. The winner of the giveaway was John Shedlock, of California, and the stamp was presented to him by the then-current Miss New Jersey, Amy Polumbo. U.S. # 4806a 2013 $2 Inverted Jenny Single Discovery Of The Inverted Jenny On May 14, 1918, stamp collector William Robey dis The Post Office set a controversial rate of 24 cents for the service, much higher than the 3 cents for first-class mail of the time, and decided to issue a new stamp just for this rate, patriotically printed in red and blue, and depicting a Curtiss Jenny JN-4HM, the biplane especially modified for shuttling the mail. The stamp and three others were stolen at … [2] In December 2007 a mint never hinged example was sold for $825,000. The philatelic literature has long stated that seven of the stamps have been lost or destroyed through theft or mishandling. The souvenir sheet was printed using the intaglio printing process … The “Inverted Jenny” is a Curtiss JN-4 biplane which erroneously is printed with its wheels up. The initial buyer, William Robey, sold the entire sheet within that week to a stamp dealer for $15,000, who promptly sold them within a day for a $5,000 profit to Colonel Edward Green, who authorized the stamp dealer to divide the stamps for individual sales. Learn how and when to remove this template message, "Inverted "Jenny" Plate Block Sells for $2.7 Million hammer! [39], As covered in Linn's Stamp News, on January 12, 2008, StampWants.com (an online marketplace for stamps, now known as bidStart.com) gave away an inverted Jenny, after a year-long promotion the company ran. Trepel has previously sold an 85-grade Inverted Jenny for $935,000, the current record price for a single Inverted Jenny. [38], In 2015 the Postal Service's Inspector General called the issuing of a few right side up Jenny airmail sheets improper because regulations do not allow the deliberate creation and distribution of stamp errors. Asked how he felt about the sale of his inverted Jenny stamp, which he kept a secret for 43 years until just last month, Bassey just laughed and said, “It’s done.”. This 24-cent postage depiction of the biplane honors the “Postman of the Skies.” Inverted Jennies are not the most expensive stamps in the world — that title belongs to the one-cent magenta from British Guiana, the only one of which sold for $9.5 million in 2014. 1918 USA – 24 cents red/blue Curtiss JN-4 H “Jenny” airmail postage stamp. [10] In examples where the plane is so far off center that it overlaps the frames, it can be seen that the blue ink used to print the plane lies atop the red ink used to print the frames. $2.49 + shipping. The Jennies—military biplanes—were modified for government airmail service with extra fuel tanks, a … $7.15 + shipping. and on national network news. A block of four rare USA 'Inverted Jenny' 24¢ Airmail stamps sold October 19 in New York for $US2.97 million, easily the highest price ever paid for any United States stamp item. Membership requires documentation of past or present ownership of a genuine Collector William T. Robey was one of those; he had written to a friend on May 10 mentioning that "it would pay to be on the lookout for inverts". By 1971, however, its price had risen to $150,000. His Inverted Jenny stamp was never touched by his hands, only carefully handled with tweezers and photographed.

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