Price History for Scott C3a in OGnh
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Three things to keep in mind when looking at the above results (unsolds are not included):
- It is important to look at the individual data points listed below. Price swings up may be due to varieties such as broken hat or other positives such as cancels. Price swings down may be due to factors such as faults on items that would have graded higher if they were sound, and may not be considered as desirable as a sound copy in this grade.
- When looking at multiple grades on the graph, grades with the same population numbers may show overlapping.
- At the time of an auction, the SMQ value has already been published and is available to bidders. Increases or decreases in SMQ value prior to the auction may affect the price realized.
This information is provided for hobbyists and is not intended to represent philatelic material as an investment or financial instrument. Past performance is neither an indication nor guarantee of future performance. Every effort has been made to ensure the accuracy of the information, but Siegel Auction Galleries (including its representatives and affiliates) is not liable for errors or omissions of any kind. "SMQ" refers to Stamp Market Quarterly, a copyrighted publication, and the information is used with the copyright holder's permission.
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
VERY FINE. A RARE MINT NEVER-HINGED EXAMPLE OF THE FAMOUS 191 24-CENT INVERTED "JENNY" ERROR.
According to Jenny by George Amick (Amos Press, 1986), the original sheet of 100 Inverted "Jenny" stamps was purchased for $24 by William T. Robey at the New York Avenue Branch Post Office window in Washington D.C., on May 14, 1918, one day after the stamp was first placed on sale at the main post office. On May 20, Robey sold his sheet for $15,000 to Eugene Klein, a Philadelphia stamp dealer. Klein had already arranged to sell the sheet to Col. Edward H. R. Green for $20,000. Colonel Green instructed Klein to divide the Inverted "Jenny" sheet into singles and blocks, and to sell all but a few key position blocks.
It is well-known among stamp specialists and professionals that examples of the Inverted "Jenny" come in different grades of freshness and condition. Many of the original 100 stamps were mistreated by collectors during the years, despite the stamps' rarity and value. Colonel Green himself allowed moisture to affect some of the stamps he retained. Other examples have become slightly toned from improper storage and climatic conditions. Hinge removal has caused thins and creases in numerous stamps, and at least seven have been "lost" to philately -- or nearly so, as in the case of the copy swept up in a vacuum cleaner.
This example is remarkable for its pristine state of preservation. Our review of the census of the Inverted "Jenny" has found that there are only six positions that are either Mint N.H., or are potentially in Mint N.H. condition. These are: Positions 29, 33, 68, 74, 77 and 84. Of these, Position 29 may have a paper speck (needs to be confirmed).
Ex Dick and Matthews. With 1969 P.F certificate and 2005 P.S.E. certificate (F-VF 75). We feel that this stamp deserves a grade of VF 80.