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Gold/Mining/Energy : Coins...gold and silver

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To: Shawn Donahue who wrote (35)10/20/2005 4:54:43 PM
From: Shawn Donahue   of 47
 
OT: But certainly an investment like coins.
4 Upside-Down Plane Stamps Sold for $2.7M Thu Oct 20,10:02 AM ET [link below shows picture of stamp block with printing plate's number also in stamp margin]


NEW YORK - A block of four rare stamps — misprinted in 1918 with an upside-down airplane — sold Wednesday for $2.7 million, the highest price ever paid for U.S. stamps, an auctioneer said.


The stamps depict a Curtiss JN-4 "Jenny," a World War I trainer that became an airmail plane. About 700 of the stamps were misprinted but inspectors caught all but 100 of the mistakes before they were sold.

The block sold Wednesday to an anonymous buyer is the only one in existence that features the printing plate's number upside down and in the stamps' margin, said Scott Trepel, president of Siegel Auction Galleries.

In 1918, the entire pane of 100 was bought by stamp collector William Robey at a Washington post office. It was later sold and separated into individual stamps and blocks.

In June, a single "Jenny" stamp sold at auction for $525,000, then the highest-ever price for a 20th century U.S. stamp.

news.yahoo.com
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