Postal error from 1918 worth $825,000

[TrueBlueTerrier]

http://www.thestar.com/News/article/289141

Dec 28, 2007 04:30 AM

DALLAS–One of the most famously flawed stamps in U.S. history sold for $825,000 to a New York man who bought it slightly cheaper than the record price paid last month for another "Inverted Jenny" copy.

The rare 1918 24-cent stamp, depicting an upside-down Curtis JN-4 biplane known as "Jenny," was sold privately this week to a Wall Street executive who did not want to be identified.

Heritage Auction Galleries president Greg Rohan, who brokered the sale, said the buyer was outbid in an auction last month for another "Inverted Jenny" that fetched $977,500. Rohan said his client isn't a rare stamp collector but was glad to get another chance at the prized misprint. "I suspect he's going to enjoy owning it and showing it to a few close friends." The mint condition red, white and blue stamp is one of the finest known surviving stamps from the original sheet of 100 misprints. The original 100 were bought at a Washington, D.C., post office in 1918.

Randy Shoemaker, founder of Professional Stamp Experts, said there are probably fewer than 1,000 collectors in the world with the money and obsession to seriously pursue such a rare item.

"This is the Rolls-Royce," Shoemaker said. "It's the most expensive airmail stamp in the world.''

[the undertaker]

burn this silly piece of paper.

[gazzer]

http://www.thestar.com/News/article/289141

Dec 28, 2007 04:30 AM

DALLAS–One of the most famously flawed stamps in U.S. history sold for $825,000 to a New York man who bought it slightly cheaper than the record price paid last month for another "Inverted Jenny" copy.

The rare 1918 24-cent stamp, depicting an upside-down Curtis JN-4 biplane known as "Jenny," was sold privately this week to a Wall Street executive who did not want to be identified.

Heritage Auction Galleries president Greg Rohan, who brokered the sale, said the buyer was outbid in an auction last month for another "Inverted Jenny" that fetched $977,500. Rohan said his client isn't a rare stamp collector but was glad to get another chance at the prized misprint. "I suspect he's going to enjoy owning it and showing it to a few close friends." The mint condition red, white and blue stamp is one of the finest known surviving stamps from the original sheet of 100 misprints. The original 100 were bought at a Washington, D.C., post office in 1918.

Randy Shoemaker, founder of Professional Stamp Experts, said there are probably fewer than 1,000 collectors in the world with the money and obsession to seriously pursue such a rare item.

"This is the Rolls-Royce," Shoemaker said. "It's the most expensive airmail stamp in the world.''

RANDY SHOEMAKER-------- thats a cracker-------------I have a EMMA HAGGIS on my delivery,anyone else got any strange names on their walks

[DGP1]

http://www.thestar.com/News/article/289141

Dec 28, 2007 04:30 AM

DALLAS–One of the most famously flawed stamps in U.S. history sold for $825,000 to a New York man who bought it slightly cheaper than the record price paid last month for another "Inverted Jenny" copy.

The rare 1918 24-cent stamp, depicting an upside-down Curtis JN-4 biplane known as "Jenny," was sold privately this week to a Wall Street executive who did not want to be identified.

Heritage Auction Galleries president Greg Rohan, who brokered the sale, said the buyer was outbid in an auction last month for another "Inverted Jenny" that fetched $977,500. Rohan said his client isn't a rare stamp collector but was glad to get another chance at the prized misprint. "I suspect he's going to enjoy owning it and showing it to a few close friends." The mint condition red, white and blue stamp is one of the finest known surviving stamps from the original sheet of 100 misprints. The original 100 were bought at a Washington, D.C., post office in 1918.

Randy Shoemaker, founder of Professional Stamp Experts, said there are probably fewer than 1,000 collectors in the world with the money and obsession to seriously pursue such a rare item.

"This is the Rolls-Royce," Shoemaker said. "It's the most expensive airmail stamp in the world.''

RANDY SHOEMAKER-------- thats a cracker-------------I have a EMMA HAGGIS on my delivery,anyone else got any strange names on their walks

I've a IVOR BIGONE

Also got a HUGH GASS

[Darren Bent]

Where do we find those expensive stamps :) so we can retire.

[TrueBlueTerrier]

Where do we find those expensive stamps :) so we can retire.

Try and get hold of the "Isle of White" ones they'll be worth loads in years to come.