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Prized ‘Inverted Jenny’ Stamp Sells for $1.7 Million

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Le Philatéliste

The Inverted Jenny stamp, 1918. (Picture: Siegel Auction Galleries)

All people has their hobby, and a single of the most paradigmatic is stamp amassing. The hobby has existed since the 19th century when adhesive stamps started to be established, offered, and utilised. Fans can rely among their customers John Lennon, Amelia Earhart, Freddie Mercury, and King George V. But several of even the most elite stamp collectors get to order the stamp-amassing holy grail, the Inverted Jenny. Established by blunder in 1918, this pristine stamp marketed for a hammer selling price at $1.7 million, or in excess of $2 million with service fees.

The Inverted Jenny was printed in 1918 to memorialize the commencing of regular air mail. Even so, the Bureau of Engraving and Printing messed up the printing of the 24-cent stamp. The picture is flipped. Most of the misprints were wrecked, but a single sheet was sold for $24 to a collector. Given that then, it has realized famous standing amongst stamp collectors. A team of four bought for $4.86 million with fees at Sotheby’s in 2021. In 2018, a solitary in superb situation offered for $1.35 million.

This most the latest instance was examined by two stamp grading authorities, dubbed “Mint By no means-Hinged.” This is the pinnacle of stamp problems. On November 8, 2023, it went to auction at Robert A. Siegel Auction Galleries. “This is a historic moment for the hobby,” president Scott Trepel informed ARTnews. “The Inverted Jenny we bought right now is the best case in point of the 100 stamps from the sheet. We have tracked just about every of the stamps and are certain no other illustration compares to this a single. For the collector, it only does not get better than this and the sale rate of around $2 million demonstrates that truth.” When the stamp may well look like a specialized niche prize, its has even penetrated well known lifestyle, that includes in The Simpsons. It has even been solid. In a cute twist, the Post Office environment unveiled a 95th anniversary established of Inverted Jenny stamps with two greenback benefit. Ironically, they made some appropriate-side-up as well, just to insert to the collecting exciting for absolutely everyone.

The Inverted Jenny stamp is the holy grail of stamp collecting, and fetched a hammer selling price of $1.7 million at auction.

Le PhilatélisteLe Philatéliste

“Le Philatéliste” or “The Philatelist,” by François Barraud, 1929. (Photograph: Wikimedia Commons, Community area)

h/t: [Hype Beast, ARTnews]

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