Discussion - Member to Member Sales - Research Center
Discussion - Member to Member Sales - Research Center
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I'm a little short of time to research this, but I believe that I recently read that 18 of the 100 sheets had been identified.
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I don't believe this is behind the Linn's paywall, but if it is, I apologize in advance.
http://www.linns.com/news/breaking-stamp-news/608/First-upright-$2-Jenny-Invert-pane-auctioned-fourth-24and#162-Jenny-Invert-single-sold-in-45-days
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Thank you for posting that link. I also was curious about the number still out there. And the link is not behind the pay wall. 
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Thanks for your response. Well that's well up on the last time I looked (I think it was 2) and WOW! what a hammer price. I just wonder if that sort of price will be maintained as others come to market. Surely not?
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Like your avatar JanetMc.
Would somebody explain what a 'paywall' is? Never seen that before.
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Linn's is a subscription magazine. Sometimes you can view their articles and sometimes you can't. If you can't it's because that particular article will be behind the "pay wall", meaning you have to pay the subscription to see it.
There are several magazines, etc that do this.
Our local newspaper just started doing that. Used to be I could go in view the obituaries each day because I don't get the paper. Now you need to be a subscriber to see any of the paper.
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Thank you. Similar then to the online auction catalogues which don't show 'prices realised' until you hand over some dosh!
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One of our members, Michael Generali, was featured in an article about his find of one of the non-inverted $2 stamps. I'll let him chime in with the details. Were there others on the site that found these too?
Peter
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08:46:58am
"....Used to be I could go in view the obituaries each day because I don't get the paper....."
That would concern me also.
I could think I was dead and in heaven for several days instead of vacationing here in Maui where the humuhumunukunuku apuaia go swimming by .
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"humuhumunukunuku apuaia go swimming by"
A beautiful little (and I mean, little!) fish.
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My sheet was the 8th reported to USPS and the 15th reportedly found overall. To my knowledge only 18 thus far have been reported. There could be others (maybe many?) that have been found and not reported.
Regarding the Siegel auction, take the $45,000 hammer price, then add the 15% buyer premium bringing the total to $51,750 (reported selling price). Siegel is also making a 20% consignor's commission. So the consignors will only realize $34,000 from their sale of the sheet. I turned down Siegel, sold my sheet elsewhere and did much better than this.
Talking to others in the know (just a few days ago) about the sheet it appears that the market value has softened. The actual hammer price indicates that. Also, one single from a sheet recently failed to sell (did not even receive a bid) at the $12,000 reserve price at a different auction (not Siegel). Another single from a different sheet is supposed to be auctioned next month. I think this is at the APS show, and Siegel would be the auctioneer.
With two broken sheets, the potential population of intact sheets is now at 98. The sheets have been out for almost a year. There is beginning to be discussion about if and when USPS is going to recall all the unsold sheets and remove them from sale for destruction. What would that do to the marketplace?
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Question: How does the USPS recall the unsold sheets? Is there some sort of marking on the package or will the clerks have to open all of them to find them?
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When USPS takes an item off-sale, they notify the post offices to package and ship all unsold items back for destruction. If/when the Jenny sheet goes off-sale, all would be returned as they were received, in unopened packets. They should not be looking for the upright sheets. If such are not returned, and I believe strongly that USPS knows where they sent the 100 sheets, some people at those post offices will have some explaining to do.
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I did not know that is what they did. Thank you for the explanation. I would still like to find one. (fingers crossed)
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There are still potentially 82 of those sheets still out there. Good hunting!
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re: Anybody know the latest find count of inverted 'inverted' Flying Jenny mini sheets?
I'm a little short of time to research this, but I believe that I recently read that 18 of the 100 sheets had been identified.
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re: Anybody know the latest find count of inverted 'inverted' Flying Jenny mini sheets?
I don't believe this is behind the Linn's paywall, but if it is, I apologize in advance.
http://www.linns.com/news/breaking-stamp-news/608/First-upright-$2-Jenny-Invert-pane-auctioned-fourth-24and#162-Jenny-Invert-single-sold-in-45-days
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re: Anybody know the latest find count of inverted 'inverted' Flying Jenny mini sheets?
Thank you for posting that link. I also was curious about the number still out there. And the link is not behind the pay wall.
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re: Anybody know the latest find count of inverted 'inverted' Flying Jenny mini sheets?
Thanks for your response. Well that's well up on the last time I looked (I think it was 2) and WOW! what a hammer price. I just wonder if that sort of price will be maintained as others come to market. Surely not?
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re: Anybody know the latest find count of inverted 'inverted' Flying Jenny mini sheets?
Like your avatar JanetMc.
Would somebody explain what a 'paywall' is? Never seen that before.
Login to Like
this post
re: Anybody know the latest find count of inverted 'inverted' Flying Jenny mini sheets?
Linn's is a subscription magazine. Sometimes you can view their articles and sometimes you can't. If you can't it's because that particular article will be behind the "pay wall", meaning you have to pay the subscription to see it.
There are several magazines, etc that do this.
Our local newspaper just started doing that. Used to be I could go in view the obituaries each day because I don't get the paper. Now you need to be a subscriber to see any of the paper.
Login to Like
this post
re: Anybody know the latest find count of inverted 'inverted' Flying Jenny mini sheets?
Thank you. Similar then to the online auction catalogues which don't show 'prices realised' until you hand over some dosh!
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08:27:10pm
re: Anybody know the latest find count of inverted 'inverted' Flying Jenny mini sheets?
One of our members, Michael Generali, was featured in an article about his find of one of the non-inverted $2 stamps. I'll let him chime in with the details. Were there others on the site that found these too?
Peter
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Silence in the face of adversity is the father of complicity and collusion, the first cousins of conspiracy..
05 Jul 2014
08:46:58am
re: Anybody know the latest find count of inverted 'inverted' Flying Jenny mini sheets?
"....Used to be I could go in view the obituaries each day because I don't get the paper....."
That would concern me also.
I could think I was dead and in heaven for several days instead of vacationing here in Maui where the humuhumunukunuku apuaia go swimming by .
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09:21:41am
re: Anybody know the latest find count of inverted 'inverted' Flying Jenny mini sheets?
"humuhumunukunuku apuaia go swimming by"
A beautiful little (and I mean, little!) fish.
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08:58:53pm
re: Anybody know the latest find count of inverted 'inverted' Flying Jenny mini sheets?
My sheet was the 8th reported to USPS and the 15th reportedly found overall. To my knowledge only 18 thus far have been reported. There could be others (maybe many?) that have been found and not reported.
Regarding the Siegel auction, take the $45,000 hammer price, then add the 15% buyer premium bringing the total to $51,750 (reported selling price). Siegel is also making a 20% consignor's commission. So the consignors will only realize $34,000 from their sale of the sheet. I turned down Siegel, sold my sheet elsewhere and did much better than this.
Talking to others in the know (just a few days ago) about the sheet it appears that the market value has softened. The actual hammer price indicates that. Also, one single from a sheet recently failed to sell (did not even receive a bid) at the $12,000 reserve price at a different auction (not Siegel). Another single from a different sheet is supposed to be auctioned next month. I think this is at the APS show, and Siegel would be the auctioneer.
With two broken sheets, the potential population of intact sheets is now at 98. The sheets have been out for almost a year. There is beginning to be discussion about if and when USPS is going to recall all the unsold sheets and remove them from sale for destruction. What would that do to the marketplace?
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re: Anybody know the latest find count of inverted 'inverted' Flying Jenny mini sheets?
Question: How does the USPS recall the unsold sheets? Is there some sort of marking on the package or will the clerks have to open all of them to find them?
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09:34:45pm
re: Anybody know the latest find count of inverted 'inverted' Flying Jenny mini sheets?
When USPS takes an item off-sale, they notify the post offices to package and ship all unsold items back for destruction. If/when the Jenny sheet goes off-sale, all would be returned as they were received, in unopened packets. They should not be looking for the upright sheets. If such are not returned, and I believe strongly that USPS knows where they sent the 100 sheets, some people at those post offices will have some explaining to do.
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re: Anybody know the latest find count of inverted 'inverted' Flying Jenny mini sheets?
I did not know that is what they did. Thank you for the explanation. I would still like to find one. (fingers crossed)
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10:05:12pm
re: Anybody know the latest find count of inverted 'inverted' Flying Jenny mini sheets?
There are still potentially 82 of those sheets still out there. Good hunting!
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