FUN2COLLECTUSTAMPS

In case you've been too busy Holiday shopping to pay attention to the latest stamp news, the 1918 Inverted Jenny has been the talk of the town. With only a few appearances in recent news: once in 2005, when financier Bill Gross made his famous trade with Donald Sundman, president of Mystic Stamp Company, a $2,970,000 Inverted Jenny block of four for one of only two known examples of the U.S. 1¢ Z Grill stamp. And again in 2006, when it was reported that a Florida election official found an absentee ballot with an Inverted Jenny, only later to find it a counterfeit. The Inverted Jenny is making a comeback. On November 14, 2007 a well centered invert was sold by Robert A. Siegel Auction Galleries for the whopping sum of $977,500, much higher than it's $375,000 retail value. A month later, another single would sell by Heritage Auction Galleries for $825,000 to a New York Wall Street executive who had lost the previous November auction. With record breaking prices like these, interest everywhere has peaked in the philatelic hobby. To add to the frenzy, Stampwants.com decided to give away, yes GIVE away, a single inverted Jenny in an online contest that lasted 11 days. The winner of the contest will be announced live on January 12, 2008 at 2:00 P.M. at the APS Ameristamp Expo in Charlotte, North Carolina.

Read more about the Inverted Jenny:
1918 Inverted Jenny Profile
Rarities of the World Gallery
Heritage Auction Galleries $825,000 Sale

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