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VERY FINE AND CHOICE. ONLY FIVE EXAMPLES OF THE FAMOUS 24-CENT INVERTED “JENNY” ARE KNOWN IN MINT NEVER-HINGED CONDITION, INCLUDING THE “LOCKET COPY”. THIS STAMP, WITH ITS RICH COLORS, FULL PERFORATIONS AND PRISTINE GUM, IS ONE OF THE FINEST OF ALL KNOWN EXAMPLES OF PHILATELY’S MOST RENOWNED STAMP.
Ex Theodore A. Stevens (Siegel Sale 225, December 10, 1959, lot 556, $6,400), anonymous owner (Siegel Sale 674, December 16, 1986, lot 1499, $120,000 hammer plus 10% premium to Stanley M. Piller as agent for private collector) and private collector (collection sold to Jay Parrino through Stanley M. Piller and Siegel Auction Galleries)
With 1986 Philatelic Foundation certificate (170000) as “Genuine” (at this time The Philatelic Foundation’s policy was to omit the words “previously hinged” to indicate the stamp was Never Hinged). With 2013 P.F. certificate as “Genuine, Mint N.H.” with a grade of Very Fine 80. With 2013 Professional Stamp Experts certificate (1270176), which states “genuine unused, o.g., never hinged, position 68” with a grade of Very Fine 80, Mint OGnh.
The grade of Very Fine 80 is the higher of the two for Scott C3a in Mint NH condition in the PSE Population Report. The other PSE-graded Mint NH stamp (Position 84) is graded Fine-Very Fine 75. In addition, the PSE Population Report shows previously hinged copies graded 80, 85 and 95. All other copies are hinged and graded lower than 80.
2013 Scott Catalogue Graded Value for Mint NH VF 80: $1,000,000
Stamp Market Quarterly Value: $960,000
Click here for an introduction to the 1918 24-cent Air Post Issue: http://siegelauctions.com/2013/1052/C3_Intro.pdf
Click here for a census of Mint Never-Hinged examples of the Inverted Jenny: http://siegelauctions.com/2013/1052/C3a_NH.pdf
Click here for a reconstruction of the Inverted "Jenny" Sheet: http://siegelauctions.com/2013/1052/C3a_Reconstruction.pdf