DALLAS (AP)—A collector from New York has purchased a rare 24-cent stamp depicting an upside-down airplane for $825,000, according to an auction house.
The unidentified buyer of the "Inverted Jenny" stamp was described as a Wall Street executive and longtime coin collector by Heritage Auction Galleries, which announced the sale Wednesday.
The 1918 stamp depicts a Curtiss JN-4 "Jenny," a World War I training aircraft that became an airmail plane. About 700 of the stamps were misprinted, but inspectors caught all of but 100 before they were sold.
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The entire pane of 100 was bought by stamp collector William Robey on May 14, 1918, at a Washington post office. It was later sold and separated into individual stamps and blocks.
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