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Mystic Sells Their Inverted Jenny Plate Block For $4.8 Mil+

 
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Bedrock Of The Community
United States
12128 Posts
Posted 10/10/2014   09:00 am  Show Profile Bookmark this topic Add wt1 to your friends list Get a Link to this Message
Linn's Stamp News is reporting this morning that Donald Sundman of Mystic Stamp Company has just sold their original Inverted Jenny Plate Block (Scott C3a) to an anonymous buyer for an amount "north of $4.8 million dollars"!

http://linns.com/news/breaking-stam...ion%E2%80%99
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Pillar Of The Community
United States
2010 Posts
Posted 10/10/2014   11:40 am  Show Profile Bookmark this reply Add TheArtfulHinger to your friends list  Get a Link to this Reply
Cool! Nice to see headlines like that. That 1 cent z-grill turned into a great investment for Mystic. They parlayed a $935K purchase 16 years go into about $5 million today. Just about any investor in any field would be ecstatic with a return like that.
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Valued Member
United States
364 Posts
Posted 10/10/2014   11:54 am  Show Profile Bookmark this reply Add knuppster59 to your friends list  Get a Link to this Reply
It's a great money deal for Mystic. I just wonder how it affects their marketing. The inverted Jenny plate block was plastered over every piece of material they had. I am sure $5 mil. in the bank will allow them to think or something or get another philatelic rarity.
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Pillar Of The Community
United States
7560 Posts
Posted 10/10/2014   1:30 pm  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
Another philatelic rarity? What?
They have been using what are arguably the two most famous US rarities as advertising for the last 20 years. Both are unique and also about as famous as it gets in US stamps. Anything they use now will almost certainly be a step down from these two items unless they decide to buy one of the few major postal history items that might be considered as equals.
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Pillar Of The Community
United States
2010 Posts
Posted 10/10/2014   2:19 pm  Show Profile Bookmark this reply Add TheArtfulHinger to your friends list  Get a Link to this Reply
Maybe next week Mystic will reveal they were the buyer of the Penny Magenta.
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Rest in Peace
United States
7097 Posts
Posted 10/11/2014   09:04 am  Show Profile Bookmark this reply Add I_Love_Stamps to your friends list  Get a Link to this Reply
Holey smokes that's a lot of loot! If I had that much money those stamp wouldn't even be on my radar. Just after my "Lambo" and new house I might consider the $1.00 & $2.00 small banknotes! lol I'm stingy I know...ha-ha! In all seriousness it's refreshing to see a good headline for stamp collectors and these things aren't unobtainable and.or just selfishly locked away never to be seen until some old fellow dies...
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Edited by I_Love_Stamps - 10/11/2014 09:05 am
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