Cherrystone - The New Amsterdam Collection of U.S. Rarities
July 10th, 2019

Lot Number Search
Page Navigation

Auction Date: July 10th, 2019

Cherrystone
Auctions, Inc.
119 West 57th Street
New York NY 10019
Toll Free Number: 1-800-886-9313
Phone: (212) 977-7734
Fax: (212) 977-8653

Payment Options:

  • Bank transfer
  • VISA-Card
  • Master/Euro-Card
  • amex
  • paypal
  • U.S. $ checks

Timetable
More Auction Information
Terms and conditions
Privacy agreement

Special Auction Conditions:

On all lots sold a commission of 15% on the hammer price is payable by the buyer. If the purchase price has not been paid within the time limit, nor lots taken up within seven days from date of sale they may be resold and any loss arising from such sale will be charged to the defaulter. Any account...more

On all lots sold a commission of 15% on the hammer price is payable by the buyer. If the purchase price has not been paid within the time limit, nor lots taken up within seven days from date of sale they may be resold and any loss arising from such sale will be charged to the defaulter. Any account more than thirty days in arrears is subject to a late payment charge of 2% per month so long as the account remains in arrears. If the auctioneer, in his discretion, should institute any action to secure payment of a delinquent account the defaulting purchaser shall pay all expenses incurred by the auctioneer and such charges will be added to the amount owed.

Lot 200 United States

  • ScottC3a
Description

1918 24c carmine rose and blue, center inverted, position 27, attractively centered, deep rich colors, full original gum, minor hinge remnant, handstamped "Sanabria N.Y.", v.f. and desirable sound copy. 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. The copy offered here was last sold in a Robert A. Siegel auction in 1990 where it brought $115,000 plus buyer's premium. Previous owners include William T Robey, Eugene Klein, Colonel Edward H.R.Green, Carlton Smith, Caroline P Cromwell and Irwin Weinberg. Despite the rarity and great value of Inverted Jenny stamps, many of the original 100 have been poorly treated by its owners over the years. Colonel Green himself allowed moisture to affect some of the stamps he retained. Eight straight edge copies were found in Colonel Green's estate, stuck together in an envelope (they had to be soaked and lost their gum). Other examples have become somewhat toned due to climate and poor care. Some copies were badly hinged and hinge removal resulted in thin spots and creases, one was even taped to an exhibit page. A famous vacuum cleaner story recounted how a stamp was almost lost. A wonderful opportunity to obtain a sound and beautiful Inverted Jenny, not seen on the market since 1990, with 2019 Philatelic Foundation certificate numbered "558675", (Catalog value $450,000)

Bid now

Click to enlarge

Public Auction Estimated price

325000.00 USD
(app. 289250 EUR)

End date of bidding:

Wednesday 10.07.2019, 08:00 EDT

We cannot accept bids for the item anymore!

Question for Auctioneer
Share with a friend
Current Auction Time (MET): Thursday 18th 2019 July 2019 - 09:13