How much is the inverted Jenny stamp worth?

Answer 1

Answer:The Inverted Jenny error stamp is Scott Catalog # C3a. The error occurred in the printing process when a sheet of stamps was accidentally placed in the printing process in backwards. Of the 2.1 millions stamps of Scott Catalog # C3 only one sheet was ever found with this error.

The sheet of stamps was purchased for $24 dollars in 1918 at the post office and shortly thereafter sold for $15,000. The person who purchased the sheet of stamps for $15,000, broke up the sheet and sold single stamps until they were all sold. Today a single stamp from this sheet is cataloging for the price of:

$500,000.

(Scott Specialized Catalog of US Stamps & Covers 2011, page 350)

Note:

The number of C3 stamps that were printed are listed on page 532 in the catalog. (2,134,888) that would be 21,348 sheets of 100 printed.

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The inverted Jenny error, Scott Catalog #C3a, is probably the most famous error in American philately. Only one sheet of a 100 of these misprints were ever found, though there were at least 300 more printed.

An inverted Jenny was sold at an auction in June 2005 for $525,000. A block of four inverted Jennys was also sold for $2.7 million in October 2005.