A New York man paid a whopping US $825,000 for one of the most prominently flawed stamps in U.S. history. The rare 1918 24-cent stamp shows an upside-down Curtis JN-4 biplane known as Jenny, a World War I training aircraft that became an airmail plane. The man who bought this rare stamp slightly cheaper than the record price, which another ‘Inverted Jenny’ copy fetched at auction last month, is a Wall Street executive who doesn’t want to disclose his identity. Anyway, Heritage Auction Galleries president Greg Rohan cited that the man is the same collector who lost the auction last month when ‘Inverted Jenny’ copy went for $977,500. The mint condition red, white and blue stamp is said to be one of the finest known existing stamps from the original sheet of 100 misprints. Randy Shoemaker, founder of Professional Stamp Experts, refers to this rare stamp as Rolls Royce of all stamps.
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