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Stamps From Second Cia Invert Pane Found

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Pillar Of The Community
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Posted 08/21/2023   1:21 pm  Show Profile Bookmark this reply Add txstamp to your friends list  Get a Link to this Reply
Ken Lawrence just made a noteworthy post on Richard Frajola's board, that very well may fill in a big blank with regard to this topic. He apparently published the full article in the August 2023 issue of Scott Stamp Monthly.

Quoting Lawrence -


Quote:
For decades Charles Yeager, a professor of Russian and German languages at Gallaudet College, was a philatelic gadfly in Washington, D.C. He was a personal friend of managers, engravers, and plate printers at the Bureau of Engraving and Printing, and of officials at Postal Service headquarters.



Quote:
In 2001, at age 70, Yeager moved to a hospice at Newburgh, Ind. Literally on his deathbed, he called to confide his involvement in bringing major stamp errors to the philatelic market, on condition that I refrain from publishing the story until after he and [Jacques C.] Schiff [Jr.] were no longer alive. Yeager died later that year; Schiff died in 2017. I shall publish Yeager's disclosure here for the first time.



Quote:
Schiff was the BIA's preferred auctioneer, the largest advertiser in the Specialist. He trademarked his sales "Especially for Specialists," arranging them by categories such as plate numbers and errors instead of simply in Scott catalog order. More often than not, Schiff was the first dealer to obtain and sell a newly-discovered U.S. stamp error or freak.
Also more often than not, Yeager was Schiff's supplier. Counter clerks at some Washington-area post offices — notably including the philatelic sales counter at Postal Service headquarters — searched all the stamps distributed to them before placing them on sale, agreeing to pool the errors and freaks they discovered and to share the proceeds equally.
They packaged those and held them until Yeager came in, and sold them to him at face value in the normal course of business.
In our phone conversation, Yeager reminded me that I had accompanied him to the philatelic sales counter on more than one occasion when he bought a sealed package of stamps that a clerk had prepared for him.
When Yeager had accumulated enough to warrant a sale, Schiff traveled to Washington to collect the stamps from Yeager. He paid the consigner's share of the sale price in a single check to Yeager, and Yeager passed the money in cash to the clerks who had found them.
Yeager said he knew the arrangement was illegal, but he considered it to be his service to the hobby and his tribute to dedicated postal workers, from which he took no payment for himself.
How well does this fit [Wayne] Youngblood's report that [Jack] Nalbandian probably obtained the previously undisclosed supply of $1 Rush Lamp inverts from Schiff's stock?



Quote:
If Schiff did possess an undisclosed second partial or complete pane of $1 Rush Lamp inverts, it is likely that Yeager obtained it for him, a secret that both men took to their graves.
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Posted 08/21/2023   1:33 pm  Show Profile Bookmark this reply Add 51studebaker to your friends list  Get a Link to this Reply

Quote:
...Yeager said he knew the arrangement was illegal, but he considered it to be his service to the hobby and his tribute to dedicated postal workers...

What a load of crap (from Yeager) and clearly a justification for greed. This (and a number of other similar stories of about how other 'errors' came to be) is why I trust virtually no dealer of errors.

In my opinion it is a shame that greed plays such a major role in an otherwise legitimate aspect of our hobby. As long as material is hustled out the backdoor, and the marketplace rewards such behavior; the error marketplace will carry the stench of foul play.
Don
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Posted 08/22/2023   4:19 pm  Show Profile Bookmark this reply Add rismoney to your friends list  Get a Link to this Reply

Quote:

why I trust virtually no dealer of error


why I trust virtually no dealer

FTFY
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New Member
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Posted 08/26/2023   9:13 pm  Show Profile Bookmark this reply Add Dads Stamps to your friends list  Get a Link to this Reply
This whole affair only feeds into my headcanon that there could be more than just the 100 disclosed Inverted Jennys out there somewhere, either being sat upon or lost and remaining to be (re-)discovered.
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Bedrock Of The Community
12564 Posts
Posted 08/26/2023   10:17 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
Hard for me to believe that some enterprising manufacturing personnel have not "created" some errors when you look at the money involved. Russia became very good at this starting back in the early days.
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Posted 08/27/2023   01:56 am  Show Profile Check GeoffHa's eBay Listings Bookmark this reply Add GeoffHa to your friends list  Get a Link to this Reply
Going back over a century, you can find "rarities" specifically manufactured for influential/wealthy collectors. King Faroukh turned it into a cottage industry in Egypt. And that's before you even get to the potential dishonesty of printers.
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Bedrock Of The Community
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Posted 08/27/2023   07:21 am  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
Geoff - Exactly. It was almost exactly 100 years ago that the Soviet Philatelic Association was formed and along with State controlled stamp collecting came an avalanche of errors. They worked triple overtime creating things. From double and triple printing (some with one reversed!) to overprint varieties, imperf varieties, missing elements and so on. As they progressed into the 1930's different rasters and perforation methods were more subtle but ensured more stuff to collect. Imperf between items are hugely popular to this day.
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Posted 08/27/2023   11:00 am  Show Profile Bookmark this reply Add rismoney to your friends list  Get a Link to this Reply
These dealers were all scamming, and everyone knew but I believe they were moreso unscrupulous dealers trying to squeeze more profit in a business that was unpredictable and difficult, than some nefarious crime syndicate. I am not condoning this at all. They should have been rounded up, and jailed.


The part that always got me, is when the same folks were making the error discoveries. Like obviously they had connections. The odds of pulling a 1 in 300M error circulating sheet is powerball level winning Noone thought for a minute, these were obtained at the counter organically.

My belief is at the time they saw an opportunity where the market had interest in recreating the magic of the Jenny, the lore, the treasure hunt, and it helped proliferate the hobby. The ethically challenged clearly went about their business.
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Posted 08/27/2023   11:42 am  Show Profile Bookmark this reply Add 51studebaker to your friends list  Get a Link to this Reply

A cautionary opinion from 1934 philatelic author warning against the hobby moving toward an investment-centric "race of weak kneed, 'fair weather' stamp collectors".

Don
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Posted 08/27/2023   3:00 pm  Show Profile Bookmark this reply Add Willwood42 to your friends list  Get a Link to this Reply
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Posted 08/27/2023   6:38 pm  Show Profile Bookmark this reply Add gvol21 to your friends list  Get a Link to this Reply
Don, a great read. Mind posting the rest and letting us know where it's from? Would love to read the rest!
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Edited by gvol21 - 08/27/2023 10:08 pm
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Posted 08/28/2023   05:54 am  Show Profile Bookmark this reply Add 51studebaker to your friends list  Get a Link to this Reply
gvol21,
I liked the use of the term "mental profit" in the first sentence; not too often that you see those terms used together. I am working on getting this book digitized and will post a link when I get it done.
Don
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Posted 08/28/2023   06:17 am  Show Profile Bookmark this reply Add angore to your friends list  Get a Link to this Reply
For some of us, it never has been about profit such as all those that go to golf courses to chase the white ball.
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Al
Edited by angore - 08/28/2023 06:18 am
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Posted 09/16/2023   4:18 pm  Show Profile Bookmark this reply Add 51studebaker to your friends list  Get a Link to this Reply
gvol21,
I digitized the book that this came from, book is titled "The Essentials of Stamp Collecting" and the PDF is first book on this page
https://stampsmarter.org/learning/H...General.html
Don
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Posted 09/16/2023   6:37 pm  Show Profile Bookmark this reply Add Parcelpostguy to your friends list  Get a Link to this Reply

Quote:
Knowledge is power.


But below explains how one gets knowledge and the fact that time, often much, is required to gain knowledge.


Quote:
Martin M. Broadwell's 4 stages of learning gives us a valuable conceptual framework to understand how we learn anything:

1. UNCONSCIOUS INCOMPETENCE

We don't know that we don't know.

2. CONSCIOUS INCOMPETENCE

We know that we don't know.

Here we learn that we are not competent at something. This often comes as a rude awakening.


3. CONSCIOUS COMPETENCE

We work at what we don't know.

Here we consciously make an effort to learn a new skill. Practice, drill and repetition are at the forefront. This is where most learning takes place. It takes effort and work.

4. UNCONSCIOUS COMPETENCE

We don't have to think about knowing it.

Here the skill set happens automatically at an unconscious level.


The key is to recognize where you are at in the 4 stages of learning and be patient with yourself.





Quote:
Kolb identified four different learning preferences, or learning styles, after observing the cycle of learning.


The get rich quick folks tend to be stuck at level one or between one and two. The get rich hucksters count on that.

There is most always a way to make money, it is just that many, many folks don't understand where it is and think they are already standing there.
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