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Lot: 31738
Auction: 1111  
24c Carmine Rose & Blue, Center Inverted (C3a),... (Total: 1 Card)
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Refresh Opening Bid : $100,000
w/ Buyer's Premium (BP) : $115,000.00
Status: Reserve (If Any) Will Post on 12/05/2009 7pm CT
Secret Maximum Bid: $ (whole dollars)
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Live Signature auction on Dec 12, 2009
Buyer's Premium: 15% of the successful bid (minimum $14.00 per lot)
Description
24c Inverted "Jenny" - The "Locket Copy"


24c Carmine Rose & Blue, Center Inverted (C3a), encased in the original locket created by Col. Green for his wife, Mabel. Green had the Invert, which is from position 9 with a natural straight edge at the top, placed into the locket back to back with a normal 24c. The invert, which is fresh and bright, has tiny corner creases at the bottom from being too close to the edge of the locket at some time in its past. Without opening the locket, there is no way to be certain about the gum, but there is no reason to suspect that it has ever been hinged, since it was Green who broke up the original sheet, keeping the straight edged singles and a few large blocks for himself.

Scott $500,000 for hinged, $1,100,000 for never hinged

ONE OF THE MOST HISTORICALLY SIGNIFICANT EXAMPLES OF THE INVERTED JENNY, IT IS BEING OFFERED FOR ONLY THE SECOND TIME SINCE ITS OWNER, MABEL GREEN, PASSED AWAY IN 1950.

Provenance: Col. Green

In 1918, shortly after the death of his mother, Hetty Green, the notorious "Witch of Wall Street", Col. "Ned" Green, an avid stamp collector, purchased the unique sheet of the famed "Inverted Jenny" from Philadelphia stamp dealer, Eugene Klein. Klein had just purchased the sheet from William T. Robey, the collector who had discovered the sheet in a local Washington, D.C. post office.

Correctly understanding the enormous value to stamp collectors, Col. Green proceeded to break up the sheet into blocks and singles to sell and kept a few large multiples and the straight edged copies for himself. It was one of the latter that he had encased in a gold locket as a gift to his wife Mabel. Over the years, the Colonel had given Mabel many valuable gifts, such as the $625,000 he gave her upon their marriage. However, the locket must have had some sentimental value because, although Green's stamps were sold upon his death in 1936, Mabel saved the locket until her own demise in 1950.

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Printed Catalog: Download PDF of entire catalog
Auction Name: 2009 December Signature New York Rare Stamps Auction #1111
Description: Rare 19th and 20th century United States Stamps and Postal History featuring the Roland H. Cipolla II Collection, "How the Post Facilitated Distribution of the Printed Word, 1775-1870", the Dennis Ridings Collection, "Ballooning Around the World", as well as TWO C3’s (one being the famous "Locket Copy"). Confederate States Postal History, Canada & Newfoundland, AND the Martin Doring Collection of Turkish Revenue Stamps.
Auction Type: Signature: !! Heritage Live: After Internet bidding closes, live bidding will take place through www.HA.com/Live. Your secret maximum bid placed prior to the live event will compete against the live bids. To maximize your chances of winning, enter realistic secret maximum bids on our site. Many of our proxy bidders are successful at winning lots in these auctions, and usually below their secret maximum. You can also place last minute bids directly with us by e-mailing Bid@HA.com or calling 1-866-835-3243. (Important note: Due to software and Internet latency, live bids may not register in time, so enter realistic proxy bids.)

This lot is in:  Signature Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live) (lots 31001-32003)
Internet bidding ends at 10:00PM CT the night before the floor session for this lot. During the live auction event, bidding in person is encouraged, and Heritage Live includes streaming audio and often video during the event.

Item Activity: 0 Internet/mail bidders, 27 members tracking, 2,468 page views
Absentee Bidding Ends : Dec 11, 2009 at 10:00 PM CT   

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Shipping Description: Stamps - Slab/Card (view shipping information)
Signature Floor Sessions: (Internet bidding ends at 10:00PM CT the night before the floor session for this lot)
· Signature Floor Session 1 (Lots 31001-31253) - 2:00 pm New York, NY time, Friday, December 11, 2009.
· This lot is in: Signature Floor Session 2 (Lots 31301-32003) - 10:00 am New York, NY time, Saturday, December 12, 2009.
Signature Session - No Floor or Phone Bidding:
(No floor bidding associated with these sessions - live bidding through Heritage Live only. Internet Proxy bidding ends two hours prior to the opening of the live auction for that lot. Check the Time Remaining on individual lots for details.)
· Signature Session - No Floor or Phone Bidding 3 (Lots 32004-32206) - 10:00 am Central Time, Monday, December 14, 2009.
Additional Location Info:

Four Seasons Hotel
57 E. 57th Street
New York, NY 10022

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