The Inverted Jenny Position 58

275

24c Carmine Rose & Blue, Center Inverted (C3a). Position 58, nearly perfect centering, fresh and bright colors, barely hinged at bottom left
EXTREMELY FINE GEM. THIS MAGNIFICENT EXAMPLE OF THE 1918 24-CENT INVERTED JENNY IS GRADED XF-SUPERB 95 BY PROFESSIONAL STAMP EXPERTS. THIS STAMP HAS ALWAYS BEEN REGARDED AS ONE OF THE FINEST FROM THE ORIGINAL DISCOVERY SHEET OF 100. IT IS THE ONLY INVERTED JENNY TO HAVE MET THE RIGOROUS STANDARDS FOR THE XF-SUPERB 95 GRADE.

The original sheet of one hundred Inverted Jenny errors was purchased by William T. Robey on 14 May 1918, the first day the stamps went on sale in all three principal airmail route cities: Washington, D.C., New York and Philadelphia. Robey bought the sheet for its $24 face value at the New York Avenue Post Office window in the District of Columbia. Soon after, the sheet was sold to Colonel Edward H. R. Green through Eugene Klein, a Philadelphia stamp dealer. Green paid $20,000 for Robey’s sheet, then instructed Klein to divide it into singles and blocks, and to sell all but a few key position blocks.

Sold for US$1,175,000
By Robert A. Siegel Auction Galleries, Inc.’s Sale 1128
Lot 275 on May 31, 2016