U.S. and Worldwide Stamps & Postal History
September 9-10, 2014
| Images | Description | Current Bid |
 | Lot #66 United States - Air Post 1918 24c carmine rose and blue, center inverted, position 10, natural straight edges at top and right, unused without gum, deep rich colors, just about fine. The Inverted Jenny is one of the most recognized and desired rarities in all of philately. Its legendary status began the moment the stamp was issued in May, 1918, when William T. Robey purchased an entire error sheet of 100 at the New York Avenue Post Office window in Washington D.C., one day after the stamp was issued on May 14th. Within one week, Robey sold the sheet for $15,000.00 to the well-known Philadelphia stamp dealer Eugene Klein (an impressive return on his initial $24.00 investment). Shortly thereafter Mr. Klein sold the sheet to the renowned, yet eccentric collector, Col. Edward H.R. Green for $20,000.00. Col. Green asked Klein to break up the sheet for him into singles and blocks, then instructed him to sell all but the few key position blocks. What is puzzling is how, given the immediate attention created by a spectacular new error, so ma (*) Catalog #C3a Catalog Value $ 400,000 | Price Realized $110,000.00 |
