According to the news published
in mlive.com, Ronald D. Bassey, Michigan tax attorney and the proud owner of
rare “Inverted Jenny” error stamp which he bought in 1977 for $36,000 is going
for an auction to be conducted by Siegel Auction Galleries, a New York
City-based firm, on July 1. The stamp is worth more than $200,000.
The Inverted Jenny
is a 24 cent 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 is printed 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.
