Auction Crowd Flips For 'Inverted Jenny' Stamp | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.06.24

Airborne-NextGen-04.30.24

Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Mon, Nov 19, 2007

Auction Crowd Flips For 'Inverted Jenny' Stamp

Upside-Down Airplane Stamp Brings Record Price

An example of the "Inverted Jenny" error stamp sold for $977,500 -- including the 15% buyer's premium -- at an auction held last Wednesday by Siegel Auction Galleries in New York City. The buyer was Charles Hack, a private collector.

The price is highest ever paid at auction for a single copy of the "Inverted Jenny" error. The stamp comes from the sheet of 100 bought at the post office for $24 in 1918 by a stamp collector named William T. Robey.

The 24-cent stamp was issued for the first government airmail flight in May 1918. On the error stamps, the blue airplane in the center of the design is upside down, the result of a printer's error. The name "Jenny" is the nickname given to the Curtiss JN-4H biplane on the stamp, which was the first type of plane used to carry mail.

Only one sheet of 100 reached the public. Soon after it was discovered, Robey sold his discovery sheet for $15,000.

The stamp sold last week comes from Position 57 in the sheet. It was originally part of the block of four stamps which the dealer who brokered Robey's sheet kept for himself. It was kept in a bank vault from 1918 until 1959.

In the early 1970's a collector had the stamps in the block separated so that each of his four heirs could receive one... and, presumably, profit immensely from it...

FMI: www.siegelauctions.com

Advertisement

More News

ANN's Daily Aero-Term (05.07.24): Hazardous Weather Information

Hazardous Weather Information Summary of significant meteorological information (SIGMET/WS), convective significant meteorological information (convective SIGMET/WST), urgent pilot>[...]

ANN's Daily Aero-Linx (05.07.24)

Aero Linx: The T-6 Racing Association The T-6 Racing Association is all about T-6‘s and racing. Our mission is to bring great racing to our fans in Reno and other venues wher>[...]

Airborne 05.01.24: WACO Kitchen, FAA Reauthorization, World Skydiving Day

Also: Electra Aero, AMO-CBP v Smugglers, Naval King Airs, Boeing Deal To the surprise of everyone involved, Waco Kitchen shut down both airport operations with little warning and h>[...]

Airborne Affordable Flyers 05.02.24: Bobby Bailey, SPRG Report Cards, Skydive!

Also: WACO Kitchen Bails, French SportPlane Mfr to FL, Dynon-Advance Flight Systems, Innovation Preview Bobby Bailey, a bit of a fixture in sport aviation circles for his work with>[...]

Airborne 05.03.24: Advanced Powerplant Solutions, PRA Runway Woes, Drone Racing

Also: Virgin Galactic, B-29 Doc to Allentown, Erickson Fire-Fighters Bought, FAA Reauthorization After dealing with a big letdown after the unexpected decision by Skyreach to disco>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC