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Sale Number 1192, Lot Number 644, 24c Inverted Jenny, Mint Never-Hinged, Position 49 (Scott C3a)24c Carmine Rose & Blue, Center Inverted (C3a), 24c Carmine Rose & Blue, Center Inverted (C3a)24c Carmine Rose & Blue, Center Inverted (C3a). Position 49, Mint N.H., deep rich color unlike any we have ever encountered - this stamp being kept in a safety deposit for the past 100 years away from light and potentially damaging hands -- long and full perforations all around, pencil notation "49" on gum written by Eugene Klein on each position before the sheet was broken, unusually precise centering which is among the finest centering on the sheet

EXTREMELY FINE GEM. THIS MAGNIFICENT MINT NEVER-HINGED EXAMPLE OF THE 24-CENT INVERTED JENNY FROM POSITION 49 WAS RECENTLY REDISCOVERED. IT IS OFFERED TO THE MARKET FOR THE FIRST TIME SINCE THE SHEET OF 100 WAS BROKEN 100 YEARS AGO. IN OUR OPINION THIS IS THE FINEST EXAMPLE IN EXISTENCE, BY VIRTUE OF ITS PRISTINE GUM AND PHENOMENAL CENTERING. IT IS GRADED MINT N.H. XF-90 BY THE PHILATELIC FOUNDATION.

The original sheet of one hundred Inverted Jenny errors was purchased by William T. Robey on May 14, 1918, the first day the stamps went on sale in all three principal airmail route cities: Washington, D.C., New York and Philadelphia. Robey bought the sheet for its $24 face value at the New York Avenue Post Office window in the District of Columbia. On Sunday, May 19, Robey agreed to give Eugene Klein, a prominent Philadelphia stamp dealer, a one-day option to buy the sheet for $15,000. Klein exercised his option on Monday, May 20, in a late afternoon phone call, and he confirmed it with a registered letter to Robey sent in the evening mail. The sheet was delivered to Klein’s office by Robey and his father-in-law on the following day, Tuesday, May 21, 1918.

No later than Monday, May 20, the day Klein exercised his option, he had arranged to sell the sheet for $20,000 to Colonel Edward H. R. Green. Half of the $5,000 profit went to Klein’s partners, Percy McGraw Mann and Joseph A. Steinmetz. Klein was then authorized by Colonel Green to divide the sheet into singles and blocks, and to sell all but a few key position blocks.

Despite the great rarity and value of Inverted Jenny stamps, many of the original hundred have been mistreated by collectors over the years. Colonel Green himself allowed moisture to affect some of the stamps he retained. Eight straight-edge copies that Klein was unable to sell and returned to Colonel Green were found in Green’s estate stuck together in an envelope (they were soaked and lost their gum). Other examples have become slightly toned from improper storage and climatic conditions. Hinge removal has caused thins and creases in numerous stamps, and one was physically Scotch-taped to an exhibit page. Another was nearly lost to philately forever when it was swept up in a vacuum cleaner.

The stamp offered here -- Position 49 -- was purchased by a relative of the current consignor shortly after the sheet was broken in 1918. It was kept in a safety deposit box and passed down through descendants to the current owner, who has decided to release it back onto the market. This stamp was unknown to scholars until recently.

Ex Colonel Edward H. R. Green. Pencil "49" position number (written by Eugene Klein on all 100 positions) on back. With 2018 P.F. certificate (Mint N.H., XF 90)

View the special catalogue for Inverted Jenny Position 49: https://siegelauctions.com/2018/1192/1192A.pdf

For the complete history and detailed records of every Inverted Jenny and owners’ biographies, go to https://invertedjenny.com

850,000
1,350,000
United States
U.S. Stamps
Back-of-Book
Air Post
2018-06-27
2018 Rarities of the World
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Sale Number 1185, Lot Number 91, Inverted Jenny Positions 15 and 624c Carmine Rose & Blue, Center Inverted (C3a), 24c Carmine Rose & Blue, Center Inverted (C3a)24c Carmine Rose & Blue, Center Inverted (C3a). Position 15, the fifth stamp from the left in the second row of the sheet, original gum, deep rich colors, tiny thin spot just below the plane, faint traces of purple ink above the bottom left "24"

FINE-VERY FINE APPEARING EXAMPLE OF THE FAMOUS 1918 24-CENT INVERTED "JENNY" ERROR. WITHOUT QUESTION THIS IS THE MOST FAMOUS STAMP IN AMERICAN PHILATELY.

The original sheet of one hundred Inverted Jenny errors was purchased by William T. Robey on May 14, 1918, the first day the stamps went on sale in all three principal airmail route cities: Washington, D.C., New York and Philadelphia. Robey bought the sheet for its $24 face value at the New York Avenue Post Office window in the District of Columbia. On Sunday, May 19, Robey agreed to give Eugene Klein, a prominent Philadelphia stamp dealer, a one-day option to buy the sheet for $15,000. Klein exercised his option on Monday, May 20, in a late afternoon phone call, and he confirmed it with a registered letter to Robey sent in the evening mail. The sheet was delivered to Klein’s office by Robey and his father-in-law on the following day, Tuesday, May 21, 1918.

No later than Monday, May 20, the day Klein exercised his option, he had arranged to sell the sheet for $20,000 to Colonel Edward H. R. Green. Half of the $5,000 profit went to Klein’s partners, Percy McGraw Mann and Joseph A. Steinmetz. Klein was then authorized by Colonel Green to divide the sheet into singles and blocks, and to sell all but a few key position blocks.

Despite the great rarity and value of Inverted Jenny stamps, many of the original hundred have been mistreated by collectors over the years. Colonel Green himself allowed moisture to affect some of the stamps he retained. Eight straight-edge copies that Klein was unable to sell and returned to Colonel Green were found in Green’s estate stuck together in an envelope (they were soaked and lost their gum). Other examples have become slightly toned from improper storage and climatic conditions. Hinge removal has caused thins and creases in numerous stamps, and one was physically Scotch-taped to an exhibit page. Another was nearly lost to philately forever when it was swept up in a vacuum cleaner.

The stamp offered here -- Position 15 -- was owned by John H. Clapp, scion of a wealthy Pennsylvania oil family. He passed away in 1940 and shortly afterward his entire stamp collection was sold to dealer Spencer Anderson for $100,000. Soon after, Anderson, whose pencil initials appear on the back, sold the Inverted Jenny to Louise Hoffman for a reported price of $2,500. Hoffman formed an important Air Post collection and held her Inverted Jenny for the next two decades. The stamp was included in the sale of her collection in 1966, where it realized $9,000, selling to Robert A. Siegel, who was likely acting as an agent for collector Dr. Drew B. Meilstrup. It next sold in the 1973 Siegel auction of the Meilstrup collection to an anonymous buyer. It has made only three other auction appearances since 1973, selling in 1997 to dealer Irwin Weinberg. The purple ink marks were not present when it was offered in 1997.

Ex Colonel Edward H. R. Green, John H. Clapp, Spencer Anderson (dealer), Louise Hoffman and Dr. Drew B. Meilstrup. Pencil "15" position number (written by Eugene Klein on all 100 positions) and "SA" (Spencer Anderson) initials on back. With 2010 P.F. certificate

For the complete history and detailed records of every Inverted Jenny and owners’ biographies, go to https://invertedjenny.com

450,000
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U.S. Stamps
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2018-06-27
2018 Rarities of the World
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Sale Number 1185, Lot Number 92, Inverted Jenny Positions 15 and 624c Carmine Rose & Blue, Center Inverted (C3a), 24c Carmine Rose & Blue, Center Inverted (C3a)24c Carmine Rose & Blue, Center Inverted (C3a). Position 6, the sixth stamp from the left in the top row of the sheet, showing full guideline at left, original gum, rich colors, reperfed straight edge at top -- this was done after the 1942 Colonel Green auction and before its appearance in a 1951 Sylvester Colby auction -- tiny thinning at bottom, light gum crease not mentioned on accompanying certificates

FINE APPEARING EXAMPLE OF THE FAMOUS 1918 24-CENT INVERTED "JENNY" ERROR. AN ATTRACTIVE EXAMPLE OF THE MOST FAMOUS STAMP IN AMERICAN PHILATELY..

The original sheet of one hundred Inverted Jenny errors was purchased by William T. Robey on May 14, 1918, the first day the stamps went on sale in all three principal airmail route cities: Washington, D.C., New York and Philadelphia. Robey bought the sheet for its $24 face value at the New York Avenue Post Office window in the District of Columbia. On Sunday, May 19, Robey agreed to give Eugene Klein, a prominent Philadelphia stamp dealer, a one-day option to buy the sheet for $15,000. Klein exercised his option on Monday, May 20, in a late afternoon phone call, and he confirmed it with a registered letter to Robey sent in the evening mail. The sheet was delivered to Klein’s office by Robey and his father-in-law on the following day, Tuesday, May 21, 1918.

No later than Monday, May 20, the day Klein exercised his option, he had arranged to sell the sheet for $20,000 to Colonel Edward H. R. Green. Half of the $5,000 profit went to Klein’s partners, Percy McGraw Mann and Joseph A. Steinmetz. Klein was then authorized by Colonel Green to divide the sheet into singles and blocks, and to sell all but a few key position blocks.

Despite the great rarity and value of Inverted Jenny stamps, many of the original hundred have been mistreated by collectors over the years. Colonel Green himself allowed moisture to affect some of the stamps he retained. Eight straight-edge copies that Klein was unable to sell and returned to Colonel Green were found in Green’s estate stuck together in an envelope (they were soaked and lost their gum). Other examples have become slightly toned from improper storage and climatic conditions. Hinge removal has caused thins and creases in numerous stamps, and one was physically Scotch-taped to an exhibit page. Another was nearly lost to philately forever when it was swept up in a vacuum cleaner.

The stamp offered here -- Position 6 -- was one of the straight-edge examples from Colonel Green's sheet which he still owned at the time of his death (several straight-edge copies were found in an envelope stuck together and soaked apart, losing their gum -- this was not). It was first offered in Sale 2 in the series of auctions of the Colonel Green collection (Laurence & Stryker, October 5-8, 1942, lot 1324, described with original gum). The catalogue photo shows the straight edge at top, and it was described as having a light 16mm corner crease and thin trace in bottom right corner perforation. It realized $1,350 (a Harvard education cost $420 that year). It next appeared in a 1951 Sylvester Colby auction, with perforations at the top and no mention of the reperfing. Its history for the next 20 years is not documented. In 1972, according to Stamp of the Century, by Kellen Diamanti and Deborah Fisher, Position 6 was sold to coin dealer Steven C. Markoff, of A-Mark Financial Corporation, by another coin dealer named Ray Lundgren, who operated Century Stamp & Coin and founded the Long Beach Coin & Stamp Exposition in 1964. In 1976, after agreeing to testify in two stamp theft cases, Lundgren was shot four times at point blank range by members of Whitey Bulger's Winter Hill Gang, who were behind the thefts and used Lundgren to fence the property.

Ex Colonel Edward H. R. Green and Steven C. Markoff (A-Mark Financial Corporation). With 1979, 1995 and 2010 P.F. certificates.

For the complete history and detailed records of every Inverted Jenny and owners’ biographies, go to https://invertedjenny.com

450,000
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United States
U.S. Stamps
Back-of-Book
Air Post
2018-04-11
The David Wingate Collection of United States Stamps
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Sale Number 1180, Lot Number 408, 1918 24c Inverted Jenny, Position 86 (Scott C3a)24c Carmine Rose & Blue, Center Inverted (C3a), 24c Carmine Rose & Blue, Center Inverted (C3a)24c Carmine Rose & Blue, Center Inverted (C3a). Position 86, the sixth stamp in the eighth row of the sheet of 100 purchased by William T. Robey at the post office on May 14, 1918, accompanying certificate notes "mount glazed o.g." which is really very minor, unusually choice centering with wide and balanced margins, vertical guideline visible along left perforations, light pencil "86" notation on gum as always, deep rich colors, natural gum bend as normally seen in this part of the sheet which was described on 1981 P.F. certificate as "minor diagonal crease" and which was not described at all on 1989 P.F. certificate

EXTREMELY FINE. THIS IS ONE OF THE BEST-CENTERED EXAMPLES OF THE 1918 24-CENT INVERTED JENNY. A TRULY REMARKABLE STAMP.

The original sheet of one hundred Inverted Jenny errors was purchased by William T. Robey on May 14, 1918, the first day the stamps went on sale in all three principal airmail route cities: Washington, D.C., New York and Philadelphia. Robey bought the sheet for its $24 face value at the New York Avenue Post Office window in the District of Columbia. On Sunday, May 19, Robey agreed to give Eugene Klein, a prominent Philadelphia stamp dealer, a one-day option to buy the sheet for $15,000. Klein exercised his option on Monday, May 20, in a late afternoon phone call, and he confirmed it with a registered letter to Robey sent in the evening mail. The sheet was delivered to Klein’s office by Robey and his father-in-law on the following day, Tuesday, May 21, 1918.

No later than Monday, May 20, the day Klein exercised his option, he had arranged to sell the sheet for $20,000 to Colonel Edward H. R. Green. Half of the $5,000 profit went to Klein’s partners, Percy McGraw Mann and Joseph A. Steinmetz. Klein was then authorized by Colonel Green to divide the sheet into singles and blocks, and to sell all but a few key position blocks.

Despite the great rarity and value of Inverted Jenny stamps, many of the original hundred have been mistreated by collectors over the years. Colonel Green himself allowed moisture to affect some of the stamps he retained. Eight straight-edge copies that Klein was unable to sell and returned to Colonel Green were found in Green’s estate stuck together in an envelope (they were soaked and lost their gum). Other examples have become slightly toned from improper storage and climatic conditions. Hinge removal has caused thins and creases in numerous stamps, and one was physically Scotch-taped to an exhibit page. Another was nearly lost to philately forever when it was swept up in a vacuum cleaner.

The stamp offered here -- Position 86 -- was first offered at auction in a November 1944 sale of the Colonel Green collection as part of the unique plate number and arrow block of eight. The plate block of eight was purchased at the Green sale by dealer Y. Souren acting as agent for noted collector Amos Eno, heir to a New York real estate fortune. Eno broke the block of eight into the unique plate block of four, a bottom arrow pair, and two singles. This stamp was offered as a single in the 1950 auction of the Eno collection. Its next appearance at auction was in the 1999 Siegel sale of the “Argentum’ collection, formed by long-time Weill client, Dr. James Alden Graves. It is likely that the Weills placed the stamp privately in one or more collections between the time it appeared in the 1950 Eno sale and the 1999 Siegel sale.

Ex Colonel Edward H. R. Green, Amos Eno and Dr. J. A. Graves (“Argentum”).

With 1981 and 1989 P.F. certificates.

For the complete history and detailed records of every Inverted Jenny and owners’ biographies, go to https://invertedjenny.com

450,000
410,000
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U.S. Stamps
Back-of-Book
Air Post
2017-06-27
2017 Rarities of the World
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Sale Number 1159, Lot Number 260, The Inverted Jenny, Position 60 (Scott C3a)24c Carmine Rose & Blue, Center Inverted (C3a), 24c Carmine Rose & Blue, Center Inverted (C3a)24c Carmine Rose & Blue, Center Inverted (C3a). Position 60, the tenth stamp in the sixth row of the sheet of 100 purchased by William T. Robey on May 14, 1918, original gum, lightly hinged, natural straight edge at right leaving ample white margin outside of the design, horizontal guideline visible along top perf tips, light pencil position number “60” notation on gum as always, deep rich colors that are truly intense -- this stamp has been kept out of light for the past 42 years -- and bright fresh paper

VERY FINE AND CHOICE. A BEAUTIFUL SOUND EXAMPLE OF THE 1918 24-CENT INVERTED JENNY. OFFERED TO THE MARKET FOR THE FIRST TIME SINCE 1974.

The original sheet of one hundred Inverted Jenny errors was purchased by William T. Robey on May 14, 1918, the first day the stamps went on sale in all three principal airmail route cities: Washington, D.C., New York and Philadelphia. Robey bought the sheet for its $24 face value at the New York Avenue Post Office window in the District of Columbia. On Sunday, May 19, Robey agreed to give Eugene Klein, a prominent Philadelphia stamp dealer, a one-day option to buy the sheet for $15,000. Klein exercised his option on Monday, May 20, in a late afternoon phone call, and he confirmed it with a registered letter to Robey sent in the evening mail. The sheet was delivered to Klein’s office by Robey and his father-in-law on the following day, Tuesday, May 21, 1918.

No later than Monday, May 20, the day Klein exercised his option, he had arranged to sell the sheet for $20,000 to Colonel Edward H. R. Green. Half of the $5,000 profit went to Klein’s partners, Percy McGraw Mann and Joseph A. Steinmetz. Klein was then authorized by Colonel Green to divide the sheet into singles and blocks, and to sell all but a few key position blocks.

Despite the great rarity and value of Inverted Jenny stamps, many of the original hundred have been mistreated by collectors over the years. Colonel Green himself allowed moisture to affect some of the stamps he retained. Eight straight-edge copies that Klein was unable to sell and returned to Colonel Green were found in Green’s estate stuck together in an envelope (they were soaked and lost their gum). Other examples have become slightly toned from improper storage and climatic conditions. Hinge removal has caused thins and creases in numerous stamps, and one was physically Scotch-taped to an exhibit page. Another was nearly lost to philately forever when it was swept up in a vacuum cleaner.

The stamp offered here -- Position 60 -- was first offered at auction in an April 1946 sale of the Colonel Green collection as part of a pair with the stamp above, Position 50. It was purchased by noted dealer Warren H. Colson. The pair next appeared in a 1960 Daniel F. Kelleher sale, where it was purchased by Stanley J. Richmond, who then sold it privately to Robert A. Siegel.

Position 60 made its first appearance as a single in a 1968 Siegel auction. It was subsequently offered in the 1970 Siegel auction of the A. T. Seymour collection, where it was purchased by Greg Manning, who sold it to a California dealer. It was then offered in an April 1972 Corinphila auction in Switzerland (Sale 55, lot 5290), and later in the same year made another auction appearance at a Simmy’s Stamp Company sale in Boston. It was acquired by the current owner in a 1974 Siegel sale (Sale 459, lot 1196, realized $25,000 hammer versus $35,000 Scott Catalogue value).

Ex Colonel Edward H. R. Green and A. T. Seymour. With 1974 P.F. certificate.

For the complete history and detailed records of every Inverted Jenny and owners’ biographies, go to https://invertedjenny.com/

For a pdf of expanded description of Inverted Jenny go to https://siegelauctions.com/2017/1159/Pos60.pdf

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2017-05-11
The McCoy Inverted Jenny - Position 76
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Sale Number 1157, Lot Number 4000, The Ethel B. McCoy Inverted Jenny, Position 76 (Scott C3a)24c Carmine Rose & Blue, Center Inverted (C3a), 24c Carmine Rose & Blue, Center Inverted (C3a)24c Carmine Rose & Blue, Center Inverted (C3a). Position 76, the sixth stamp in the eighth row of the sheet of 100 purchased by William T. Robey on May 14, 1918, part original gum, rich colors, small thin spot, skillfully reperforated at top and left

VERY FINE APPEARANCE. A STORIED AND ATTRACTIVE EXAMPLE OF THE LEGENDARY 1918 24-CENT INVERTED JENNY THAT WAS KEPT OUT OF THE MARKET FOR SIX DECADES FOLLOWING THE THEFT OF THE McCOY BLOCK IN 1955.

The original sheet of one hundred Inverted Jenny errors was purchased by William T. Robey on May 14, 1918, the first day the stamps went on sale in all three principal airmail route cities: Washington, D.C., New York and Philadelphia. Robey bought the sheet for its $24 face value at the New York Avenue Post Office window in the District of Columbia. On Sunday, May 19, Robey agreed to give Eugene Klein, a prominent Philadelphia stamp dealer, a one-day option to buy the sheet for $15,000. Klein exercised his option on Monday, May 20, in a late afternoon phone call, and he confirmed it with a registered letter to Robey sent in the evening mail. The sheet was delivered to Klein’s office by Robey and his father-in-law on the following day, Tuesday, May 21, 1918.

No later than Monday, May 20, the day Klein exercised his option, he had arranged to sell the sheet for $20,000 to Colonel Edward H. R. Green. Half of the $5,000 profit went to Klein’s partners, Percy McGraw Mann and Joseph A. Steinmetz. Klein was then authorized by Colonel Green to divide the sheet into singles and blocks, and to sell all but a few key position blocks.

One of the blocks sold by Klein on behalf of Colonel Green comprised Positions 65-66/75-76 from the center two columns with a vertical guideline between the left and right stamps. This block was acquired by Arthur Hind, the world-renowned collector who bought the unique British Guiana One-Cent Magenta, reputedly outbidding King George V. In 1936, after Hind’s death, the block was purchased from New York dealer Spencer Anderson for $16,000 by Bert A. Stewart as a gift to his wife, Ethel Bergstresser Stewart McCoy (1893-1980). The full history of the McCoy block, including the story of its theft and ongoing recovery, is told by Ken Lawrence at https://siegelauctions.com/2017/1157/McCoy_By_Lawrence.pdf . This stamp is the lower right position in the McCoy block.

Ex Colonel Edward H. R. Green, Arthur Hind and Ethel Bergstresser Stewart McCoy. In 2016 it was certified by both The Philatelic Foundation and the American Philatelic Expertizing Service.

2016 Philatelic Foundation certificate (535711) states:

IT IS A GENUINE UNUSED SCOTT C3A, INVERTED CENTER, POSITION 76, THE BOTTOM RIGHT STAMP FROM THE ORIGINAL BLOCK OF FOUR BELONGING TO ETHEL B. MCCOY AND STOLEN FROM HER EXHIBIT ON SEPT. 23, 1955

THE INVERT, WITH PART O.G., A TINY THIN SPOT AT RIGHT, REPERFORATED AT TOP, AND ALSO REPERFORATED AT LEFT TO ELIMINATE THE VERTICAL GUIDE LINE APPEARING ON THE STAMP IN ITS ORIGINAL STATE.

2016 APEX certificate (218794) states:

United States, Scott No. C3a center inverted, Pos. 76, unused, original gum, previously hinged, genuine, thin, reperforated at top, also reperforated at left to remove guide line.

2017 Scott U.S. Specialized Catalogue Value $450,000.00

For the complete history and detailed records of every Inverted Jenny and owners’ biographies, go to https://invertedjenny.com

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2017-05-11
United States Stamps
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Sale Number 1156, Lot Number 3779A, Air Post (C1-C15), For the McCoy Inverted Jenny, Position 76, see lot 4000 in separate auction catalog at https://siegelauctions.com/sales.php?sale_no=1157 .

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2017-02-28
The Don David Price Collection of the U.S. 1918 24c Jenny
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Sale Number 1147, Lot Number 9, Inverted Jenny Position 2824c Carmine Rose & Blue, Center Inverted (C3a), 24c Carmine Rose & Blue, Center Inverted (C3a)24c Carmine Rose & Blue, Center Inverted (C3a). Position 28, the eighth stamp in the third row of the sheet of 100 purchased by William T. Robey on May 14, 1918, original gum, lightly hinged, fresh and bright colors, attractive centering and margins

VERY FINE. A SOUND AND CHOICE EXAMPLE OF THE 1918 24-CENT INVERTED JENNY THAT HAS NOT APPEARED AT AUCTION SINCE 1950.

The original sheet of one hundred Inverted Jenny errors was purchased by William T. Robey on May 14, 1918, the first day the stamps went on sale in all three principal airmail route cities: Washington, D.C., New York and Philadelphia. Robey bought the sheet for its $24 face value at the New York Avenue Post Office window in the District of Columbia. On Sunday, May 19, Robey agreed to give Eugene Klein, a prominent Philadelphia stamp dealer, a one-day option to buy the sheet for $15,000. Klein exercised his option on Monday, May 20, in a late afternoon phone call, and he confirmed it with a registered letter to Robey sent in the evening mail (the letter from Klein is offered in this sale in lot 8). The sheet was delivered to Klein’s office by Robey and his father-in-law on the following day, Tuesday, May 21, 1918.

No later than Monday, May 20, the day Klein exercised his option, he had arranged to sell the sheet for $20,000 to Colonel Edward H. R. Green. Half of the $5,000 profit went to Klein’s partners, Percy McGraw Mann and Joseph A. Steinmetz. Klein was then authorized by Colonel Green to divide the sheet into singles and blocks, and to sell all but a few key position blocks. It is possible to reconstruct the Inverted Jenny sheet with photographs of the singles and blocks (see the reconstruction at https://invertedjenny.com/salerecords ).

Despite the great rarity and value of Inverted Jenny stamps, many of the original hundred have been mistreated by collectors over the years. Colonel Green himself allowed moisture to affect some of the stamps he retained. Eight straight-edge copies, which Klein returned after he was unable to sell them, were found in Colonel Green’s estate, stuck together in an envelope (they were soaked and lost their gum). Other examples have become slightly toned from improper storage and climatic conditions. Hinge removal has caused thins and creases in numerous stamps, and one was physically Scotch-taped to an exhibit page. Another was nearly lost to philately forever when it was swept up in a vacuum cleaner. Finally, with the discovery of a third stamp from the stolen McCoy block -- recognized by The Philatelic Foundation’s expert staff when it was submitted by an auction firm -- only one purloined Inverted Jenny remains at large.

The stamp offered here -- Position 28 -- was first offered in auction at the June 1940 Harmer, Rooke sale of the George R. M. Ewing collection. It next appeared at auction in a February 1947 F. W. Kessler sale, consigned by Cuban dealer Alberto Perez. It then appeared in another Harmer, Rooke sale in 1949. The Price family acquired Position 28 on November 29, 1950, when Milton Price purchased the stamp at another Harmer, Rooke sale, consigned by E. E. Kistner. Milton Price was an avid collector of U.S. stamps from the 1930s through the 50s until he unexpectedly died in 1961. His collection of 19 Elbe albums was put into a vault until 1992, when it was dispersed and sold. Don David Price, Milton’s son, retained five of the stamps, including the Inverted Jenny Position 28. These five stamps formed the core of Don’s two renowned exhibits -- the Bi-Color stamp exhibit, which was sold by the Siegel firm in March 2016, and the Jenny exhibit, which is offered in this sale.

With photocopy of 1951 P.F. certificate issued to Milton Price and 2016 P.F. certificate, which states “Genuine, Previously Hinged”.

For the complete history and detailed records of every Inverted Jenny and owners' biographies, go to http://invertedjenny.com

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330,000
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U.S. Stamps
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Air Post
2016-11-09
U.S. Treasures of Philately from The Weinberg Inventory
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Sale Number 1139, Lot Number 101, Inverted Jenny Position 100 (C3a)24c Carmine Rose & Blue, Center Inverted (C3a), 24c Carmine Rose & Blue, Center Inverted (C3a)24c Carmine Rose & Blue, Center Inverted (C3a). Position 100, the bottom right corner position in the sheet of 100 purchased by William T. Robey on May 14, 1918, with natural straight edge at right and sheet selvage at bottom, original gum, lightly hinged, fresh and bright colors

VERY FINE. A SOUND AND DISTINCTIVE EXAMPLE OF THE 1918 24-CENT INVERTED JENNY FROM THE BOTTOM RIGHT CORNER OF ROBY'S DISCOVERY SHEET OF 100.

The original sheet of one hundred Inverted Jenny errors was purchased by William T. Robey on 14 May 1918, the first day the stamps went on sale in all three principal airmail route cities: Washington, D.C., New York and Philadelphia. Robey bought the sheet for its $24 face value at the New York Avenue Post Office window in the District of Columbia. Soon after, the sheet was sold to Colonel Edward H. R. Green through Eugene Klein, a Philadelphia stamp dealer. Green paid $20,000 for Robey’s sheet, then instructed Klein to divide it into singles and blocks, and to sell all but a few key position blocks. It is possible to reconstruct the Inverted Jenny sheet with photographs of the singles and blocks (see the reconstruction at https://invertedjenny.com/salerecords ).

Despite the great rarity and value of Inverted Jenny stamps, many of the original hundred have been mistreated by collectors over the years. Colonel Green himself allowed moisture to affect some of the stamps he retained. Eight straight-edge copies that Klein was unable to sell and returned to Colonel Green were found in Green’s estate stuck together in an envelope (they were soaked and lost their gum). Other examples have become slightly toned from improper storage and climatic conditions. Hinge removal has caused thins and creases in numerous stamps, and one was physically Scotch-taped to an exhibit page. Another was nearly lost to philately forever when it was swept up in a vacuum cleaner. Finally, with the discovery of a third stamp from the stolen McCoy block--recognized by The Philatelic Foundation’s expert staff when it was submitted by an auction firm--only one purloined Inverted Jenny remains at large.

The stamp offered here -- Position 100 -- was first offered in auction at the October 1945 sale of the Colonel Green collection, when it was still part of a pair with the stamp above, Position 90. A stipulation of the offering was that the pair would be broken only if bids for singles exceeded those for the pair. It was separated from Position 90 shortly after the auction. It next appeared at auction in the 1961 Kessler auction of the Rafael Oriol Collection, who had brought his stamp collection with him when fleeing Cuban nationalization in 1959. Position 100 next appeared in the 1982 Siegel auction of the Martin L. Butzel Collection of Worldwide Air Post, where it sold to Irwin Weinberg, who later traded it to Kenneth Wenger for a stamp collection and cash. It was offered in the Bennett auctions of the Michael D. Rubin and Ron L. Scott collections, and purchased again by Mr. Weinberg.

With 1999 P.F. certificate which states "Genuine, Previously Hinged"

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2016-05-31
Inverted Jenny Position 58, Graded XF-Superb 95
275°
PSE 95
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Sale Number 1128, Lot Number 275, Jenny 95: Position 58 Inverted Jenny, Graded XF-Superb 95 (C3a)24c Carmine Rose & Blue, Center Inverted (C3a), 24c Carmine Rose & Blue, Center Inverted (C3a)24c Carmine Rose & Blue, Center Inverted (C3a). Position 58, nearly perfect centering, fresh and bright colors, barely hinged at bottom left

EXTREMELY FINE GEM. THIS MAGNIFICENT EXAMPLE OF THE 1918 24-CENT INVERTED JENNY IS GRADED XF-SUPERB 95 BY PROFESSIONAL STAMP EXPERTS. THIS STAMP HAS ALWAYS BEEN REGARDED AS ONE OF THE FINEST FROM THE ORIGINAL DISCOVERY SHEET OF 100. IT IS THE ONLY INVERTED JENNY TO HAVE MET THE RIGOROUS STANDARDS FOR THE XF-SUPERB 95 GRADE.

The original sheet of one hundred Inverted Jenny errors was purchased by William T. Robey on 14 May 1918, the first day the stamps went on sale in all three principal airmail route cities: Washington, D.C., New York and Philadelphia. Robey bought the sheet for its $24 face value at the New York Avenue Post Office window in the District of Columbia. Soon after, the sheet was sold to Colonel Edward H. R. Green through Eugene Klein, a Philadelphia stamp dealer. Green paid $20,000 for Robey’s sheet, then instructed Klein to divide it into singles and blocks, and to sell all but a few key position blocks.

It is possible to reconstruct the Inverted Jenny sheet with photographs of the singles and blocks (see the reconstruction on page 62). Based on centering alone, most would grade 70 or 75. Only a few stamps could possibly qualify for a Professional Stamp Experts (P.S.E.) grade of VF 80 or better. In our opinion, the centering of the stamp to the right of this one--Position 59--should qualify it for XF-Superb 95, but no others could achieve 95 (or better).

Condition is another factor limiting the grade potential of Inverted Jenny stamps. Despite their great rarity and value, many of the original hundred have been mistreated by collectors over the years. Colonel Green himself allowed moisture to affect some of the stamps he retained. Eight straight-edge copies that Klein was unable to sell and returned to Colonel Green were found in Green’s estate stuck together in an envelope (they were soaked and lost their gum). Other examples have become slightly toned from improper storage and climatic conditions. Hinge removal has caused thins and creases in numerous stamps, and one was physically Scotch-taped to an exhibit page. A couple still remain unphotographed, and one was nearly lost to philately forever when it was swept up in a vacuum cleaner. Finally, with the discovery of a third stamp from the stolen McCoy block--recognized by The Philatelic Foundation’s expert staff when it was submitted by an auction firm--only one purloined Inverted Jenny remains at large.

The stamp offered here, Position 58, is remarkable for its pristine state of preservation and for its centering. It was originally the lower right stamp in a block of four, comprising Positions 47-48/57-58, which was owned by Eugene Klein, the dealer who bought the sheet from Robey. It was inherited by Klein’s daughter, Delores Klein Hertz, who sold it to Robert A. Siegel. Mr. Siegel sold the block to Raymond H. Weill, who placed it with Benjamin D. Phillips in July 1959. The Weills bought the Phillips collection in 1968 for $4.07 million and sold the block to another collector. According to Raymond Weill, he was asked to divide the block into singles for four different heirs. Position 58 was sold to a Mr. Hoover in 1975, who sold it at auction in 1985 to West Coast collector Bruce McNall. Mr. McNall partly paid for it with an exchange for Position 3.

After Robert Zoellner’s first Inverted Jenny fell out of his Scott Platinum album and was sucked up by a vacuum cleaner, he replaced the wounded copy with this stamp, which he purchased in the Superior Stamp & Coin auction of McNall’s collection. In our sale of the Zoellner collection (Sale 804), the stamp realized $192,500 (including the 10% buyer’s premium), selling to a private collector. When our firm was asked to offer it in the 2005 Rarities of the World sale (Sale 895), we obtained a P.S.E. certificate with a grade of XF-Superb 95. The stamp shattered the previous record for a single, realizing $577,500 (including the 10% buyer’s premium). It is now offered on behalf of the buyer.

Ex Colonel E. H. R. Green, Eugene Klein, Delores Klein Hertz, B. D. Phillips, Weill (to an anonymous collector), Hoover (according to Weill), McNall, Zoellner (to anonymous collector), anonymous collector to the current owner at Siegel 2005 Rarities of the World sale (Sale 895, lot 374).

With 2005 P.S.E. certificate (graded OGph XF-Superb 95; see photo on page 61) and encapsulated since 2005. The next highest grade in the P.S.E. Population Report is VF-XF 85.

Scott U.S. Specialized Catalogue value for the highest grade listed (VF-XF 85) is $525,000

P.S.E. Stamp Market Quarterly value for XF-Superb 95 is $1,600,000

525,000
1,175,000
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FILTER: Area=United States, Sub Area=U.S. Stamps, General=Back-of-Book,Issue/Country=, All Sale Dates thru 2020/01/01, Catalogue = C3a

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