$100,000 reward offered by stamp dealer for stolen USA 'Inverted Jenny' stamps

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07 October 2014
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imports_CCGB_usa24cinvertedjennyst_74682.png USA 24c Inverted Jenny stamp
USA stamp dealer Donald Sundman is offering a reward of up to $100,000 (approximately £61,679) to locate two 24¢ 'Inverted Jenny' stamps from a block of four stolen nearly sixty years ago. ...
Donald Sundman, President of New York-based firm Mystic Stamp Company is offering a reward of up to $100,000 (approximately £61,679) to locate two 24¢ Inverted Jenny stamps from a block of four stolen nearly sixty years ago.

The offer was recently made at the Aerophilately 2014 convention banquet in Bellefonte, Pennsylvania, on behalf of the American Philatelic Research Library (APRL). The block of four stamps was owned at the time of theft by New York collector Ethel B McCoy who later donated two subsequently recovered stamps and legal rights to the missing pair to the APRL.

McCoy acquired the block of four in 1937 for $16,000, but it was stolen in September 1955 while on exhibit at the American Philatelic Society convention in Norfolk, Virginia.

Sundman said: ‘It’s possible that the two remaining missing stamps were innocently acquired by collectors decades ago who did not realise they had been stolen. With the passage of time, the heirs of those collectors may not realise they’ve inherited stolen property.’

The block was broken apart, and one of the stolen stamps (position 75) was discovered in 1977, another (position 65) in 1981. Both were recovered with the participation of the FBI.

      Read much more about this subject in a special, in-depth feature the November 2014 issue of Stamp & Coin Mart. Order the print edition right here, or download the issue using the links below…

     



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