DALLAS - A collector from New York has purchased a rare, 24-cent U.S. stamp depicting an upside-down airplane for $825,000.
Heritage Auction Galleries did not identify the buyer of the "Inverted Jenny," saying only that the purchaser was as a Wall Street executive and longtime coin collector.
The 1918 stamp depicts a Curtiss JN-4 "Jenny," a First World War training aircraft that became an airmail plane.
About 700 of the stamps were misprinted, but inspectors caught all but 100 before they were sold.
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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