The most famous of all the printing errors in the world, and the most sought after stamp is the 24 cent inverted Jenny. This error was created May 10, 1918. The center image of the Curtiss JN-4 airplane was printed first, with the frame added second; it is the frame that is actually printed upside down, not the center image of the Jenny. Only one sheet of 100 stamps of the inverted stamp was produced, making this stamp error one of the most desired stamp in philately history.
In October 2005 Bill Gross bought a numbered block of 4 for $2,970,000.00 and then traded it to Mystic Stamp Company for a 1 cent Z grill stamp, (only two exist).
On January 12, 2008, Stamp Wants.Com gave away an inverted Jenny as a promotion. This represented the most expensive stamp ever given away. The winner was a California man by the name of John Shedlock.
Wow, whoever made that mistake was probably pretty embarrassed! Though they ended up creating some pricey stamps!
ReplyDeleteIn reality there were 3 sheets of 100 stamps each. The post office destroyed 2 of the sheets. 1 sheet of 100 stamps survived. William Robey, knowing of the mistake the post office made, went to his post office and asked for sheet of air mail stamps and to his surprise, they sold him the sheet of inverts for $24.00. He then turned around and sold the sheet to Eugene Klein for $15,000.00, who then sold the sheet H.R Green for $20,000.00. Green broke up the sheet into blocks and singles. The rest is history.
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