Highlights at the Upcoming Siegel Auction

03 Nov 2018  Sat

A 1918 US 4¢ carmine rose and blue airmail stamp called Jenny Invert stamp from position 49, graded extremely fine (XF 90) with a 2018 Philatelic Foundation certificate is going to be auctioned by Robert A. Siegel Auction Galleries from 14th to 16th November at the Siegel galleries in Manhattan.

The stamp features a blue Curtiss Jenny biplane flying upside down and belongs to a sheet of 100 stamps that were discovered this year. The well-preserved stamp was submitted to the Philatelic Foundation by a Chicago based family. The mint, unhinged example with original gum was never mounted in an album. There are only six existing examples of such stamps in unhinged condition. Experts believe that it’s the finest example of its type with original gum, perfect centering and deep rich colour.

The offered stamp is being auctioned for the first time ever since the discovery of the 100-stamp sheet. Every stamp in the sheet is numbered with a pencil and the offered stamp features the text “49” in the lower right corner. It has a listed market value of $850,000 in never-hinged, VF 80 condition.

A used example of the 1869 30¢ ultramarine and carmine Eagle, Shield and Flags stamp with the ultramarine flags inverted is also being offered. Just 47 known examples of this type exist today, out of which 10 are in good condition. The offered stamp has a short perf and was auctioned in 1941 by Harmer, Rooke of the C.A. It has been a part of the Brown collection since then. It comes along with a 2018 PF certificate and has a listed market value of $90,000.

A set of 1¢ green and black 1901 Pan-American Exposition stamps featuring a black steamship vignette with five unused and one used, is also going to be offered. One of the unused stamps has been out in the market after over 70 years.

Several other interesting stamps would be offered at the auction.

Image Courtesy: Siegel auction

Knowledge Base