The Inverted Jenny (also known as an Upside Down Jenny, Jenny Invert) is a United States postage stamp first issued on May 10, 1918 in which the image of the Curtiss JN-4 airplane in the center of the design appears upside-down; it is probably the most famous error in American philately. Only one pane of 100 of the invert stamps was ever found, making this error one of the most prized in all philately. A single Inverted Jenny was sold at a Robert A. Siegel auction in November 2007 for US $977,500. In December 2007 a mint never hinged example was sold for $825,000. The broker of the sale said the buyer was a Wall Street executive who had lost the auction the previous month. A block of four inverted Jennys was sold at a Robert A. Siegel auction in October 2005 for US $2.7 million. In the wake of the 2008 financial meltdown, prices fetched by Inverted Jennys have receded. Between January and September of 2014, five examples offered at auction sold for sums ranging from $126,000 through $575,100.
Leave a Reply