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Tuesday, July 22, 2008

The Jenny Invert (Best known Stamp)

The inverted Jenny (or Jenny Invert) is a United States postage stamp first issued on May 10, 1918 in which the image of the Curtiss JN-4 airplane in the center of the design was accidentally printed upside-down; it is probably the most famous error in American philately. Only 100 of the inverts were ever found, making this error one of the most prized in all philately; an inverted Jenny was sold at a Robert A. Siegel auction in November 2007 for US$977,500. A block of four inverted Jennys was also sold at a Robert A. Siegel auction in October 2005 for US$2.7m. In December of 2007, a mint, never hinged example, meaning one not previously affixed to a stamp album, was sold to an unidentified Wall Street executive for $825,000. The broker of the sale says the buyer is a collector who lost the auction the previous month mentioned above.
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