The block of Jenny inverted stamps was sold for almost 5 million dollars

The block of Jenny inverted stamps was sold for almost 5 million dollars
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StampNews.com got info that the unique block of Jenny Inverted stamps was sold for US$4.8 million. Unexpectedly Donald Sundman, owner of Mystic Stamp Company of Camden, New York revealed this information.

He revealed the secret that the plate of four stamps was sold on October 7, 2014, for an undisclosed price, as Sundman put it, "north of $4.8 million."

Both the normal 1918 airmail 24¢ stamps (Scott #C3) and the 24¢ Jenny inverted stamps (#C3a) - the most famous stamp errors in the world - are named for the Curtiss JN-4 'Jenny' biplane (an early airplane with two wings) featured in the first American airmail stamp's 'vignette,' or center.

The buyer of this unique philatelic item is unknown. But some information is available he is said to be an extremely wealthy non-stamp collector from Europe. Mystic had promised to exhibit the 'delicious' Jenny Invert Plate Block icon at the once-per-decade World Stamp Show in 2016 in New York, but that is now in doubt as there is no word on whether the treasure will be exhibited in the future.

The first auction for the Jenny Invert Plate Block was held in 1918. It was sold for $15,000 to Philadelphia stamp dealer Eugene Klein; who immediately sold the sheet for $20,000 to Colonel Edward H.R. Green, son of Hetty Green, the 'Witch of Wall Street', and one of America's wealthiest investors. Green then broke up the sheet, keeping the key line and corner blocks as well as the unique plate number block, and consigned many singles back to Mr. Klein for sale.

With this new sale for nearly $5 million, the revered Jenny Invert Plate Number Block remains the world-record holder for any U.S. philatelic. The Jenny is second to the British Guiana 1856 1¢ magenta which sold in June, 2014 at Sotheby's for US$9.5 million, more than four times the prior record for a single stamp ($2.2 million in 1996).

Using $4.85 million as the possible price, as compared to its $18,250 auction realization in 1953, the stunning Jenny Invert Plate Number Block masterpiece has appreciated an astounding 26,575% in 61 years.

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