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For broadcast on CBS Radio Network stations May 4-5, 2002:
Turning Stamp Collecting Upside Down
The Stamp Collecting Report, I'm Lloyd de Vries.
It's probably the most famous U-S stamp ever: The Jenny Invert.
It's the upside-down bi-plane on the 24 cent air mail stamp.
Only one sheet of one hundred was ever found.
Today, each of those stamps is worth at least a hundred thousand
dollars.
Mystic Stamp Company took out large ads recently offering one for
that price.
"It's a stamp that many collectors dream about; it's just a really
cool stamp, and so we thought it would be fun to see if we could
sell it by offering time payments."
RUNS :10
Mystic's Don Sundman says this Jenny Invert isn't perfect, but that
proves a point.
"I think somebody...a collector...can say, 'Gosh, this $10 stamp
doesn't have gum but it's still a collectible stamp. Look at this
$100,000 stamp that doesn't have gum."
RUNS :10
Another one is about to go on the auction block. Millionaire stamp
collector Ned Greene bought the entire sheet, but put one stamp
inside a glass locket and gave it to his wife.
And that's stamp collecting this week.
I'm Lloyd de Vries, CBS News.
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