post office window.Ī few days later he sold the sheet for $15,000 to a dealer who immediately sold it for $20,000 to Col. Robey on May 14, 1918, the first day it went on sale, at a Washington, D.C. The original sheet of 100 stamps with the upside-down plane was snapped up at its $24 face value by William T.
#AIRMAIL 5 CENT AIRPLANE STAMP VALUE SERIES#
The prices at the March auction paled in comparison to what the “Jenny” is expected to fetch, with the highest valued stamp, one from a series issued between 1908-1922 with images of George Washington and Benjamin Franklin, garnering $7,000. The inverted Jenny stamp, however, went into a bank vault after he took a few photos of it, never touching it, as did other valuable stamps he began acquiring.īassey, 81, sold the lot of valuable stamps this spring, with the exception of the upside-down airplane. More: War, depression, devastating tragedy: Pandemic isn't their first, or worst, hard time More: Novi celebrates inaugural graduating class of two with parade of adoring fans More: Protesters march against racism, police brutality in 'white, wealthy' Birmingham Most of the 100 stamps with the error are accounted for, he said, including three of four stamps that were stolen. Trepel has sold through his auction house, based in New York City and Dallas, about 57 of the stamps with the inverted Jenny, named for the model of the plane depicted, the Curtis JN-4H.
Some stamps, there are only seven or eight known, but those don’t bring the price that the Jenny does.” “There are many stamps that are rare, but none are more famous or more in demand than the inverted Jenny,” said Scott Trepel, president and owner of Siegel Auctions, which will sell Bassey’s stamp July 1. airmail service, depicts an upside down biplane and had a face value of 24 cents. The “inverted Jenny” postage stamp, one from a sheet of 100 printed in 1918 for the first U.S. "It's time," Bassey said of his decision to sell his treasure now. Now Ronald Bassey’s secret is out as the rare stamp, printed in error and known as the “inverted Jenny,” is going to auction, expected to sell for at least $200,000. A Bloomfield Township man secretly owned one of the world’s most famous postage stamps for more than four decades.
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