Rare 'Jenny' Stamp Sells For $825,000

One of the most famous flawed postage stamps has sold for $825,000 at auction, slightly less than the record price ($977,500) another "Inverted Jenny" copy fetched at auction last month.

The rare 1918 24-cent stamp, depicting an upside-down Curtis JN-4 biplane known as "Jenny," was sold privately this week to a Wall Street executive who did not want to be identified.

Heritage Auction Galleries president Greg Rohan, who brokered the sale, said the buyer is the same collector who lost an auction last month in which another "Inverted Jenny" sold for $977,500. Rohan said his client, whom he described as not being a rare stamp collector, was glad to get another chance at the prized misprint.

"I suspect he's going to enjoy owning it and showing it to a few close friends," Rohan said.

Maybe he'll stick it on a postcard and mail it ala Brewster's Millions.

Comments

[bdog]

Wow Rob good reference, i loved that movie thats exactly what i was thinking when i read this article.