US 1610c (1975-79) $1 – MNH EFO: Brown Inverted (CIA Invert) w/Cert Scarce/Rare

US 1610c (1975-79) $1 - MNH EFO: Brown Inverted (CIA Invert) w/Cert Scarce/Rare

$1000000.0 Buy It Now or Best Offer
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Seller Store tasmanianman
(5364) 100.0%,

Location: Orem, Utah
Ships to: US,
Item: 174415278876

Restocking Fee:No
Return shipping will be paid by:Seller
All returns accepted:Returns Accepted
Item must be returned within:30 Days
Refund will be given as:Money back or replacement (buyer’s choice)
Denomination:$1
Year of Issue:1975
Place of Origin:United States
Quality:Mint Never Hinged/MNH
Color:Multi-Color
Grade:Genuine unused, never hinged
Country/Region of Manufacture:United States
Topic:Rush Lamp and Candle holder
Certification:PSE
Modified Item:No

This listing is for a: Postage Stamp United StatesScott Catalog Number:1610cYear of Issue: 1975-79Note: This stamp is one of the many stamps that were issued as part of the America Issue of 1975-1979.The actual date this stamp was issued was: July 2, 1979 (Scott Specialized Catalogue of Stamps and Covers) Rush Lamp and Candle Holder(as seen in picture #1) The normal stamp is (see picture #2) Error Freak and Oddity (EFO)Brown Color (engraved) Inverted This error is also known as the:CIA InvertPSE Certificate #01342001 (see picture 10) Note: “Henry Gitner Philatelics, Inc. wrote about this stamp, which reads: “Because the number of existing CIA inverts approximately equals the number of existing Inverted Jennies (C3a), many speculate the current values for 1610c are far too low; examples of C3a regularly bring six-figure sums at arction. From the beginning, one dealer has been the main source for examples of 1610c.That dealer’s supply is certainly near exhaustion today; when that source is depleted, prices for this rarity may soar! Very few stamps can be considered true investments, the CIA invert is one of them! (Henry Gitner Philatelics, Inc.) About 90 known to exist or available. View diagram of the sheet of 100 stamps. To see the known positions of the stamps. (See picture #3)1.) 5 stamps lost by previous sale at post office, which included plate #. 2.) 4 stamps returned by CIA agents and are in Smithsonian.3.) 1 stamp donated to Smithsonian by dealer.4.) Zip Block of 4 stamps that sold at upper left corner.5.) Are 2 blocks of 4 that have sold.6.) Are the 4 known bottom row of stamps with selvage.7.) Are the 6 known left side row of stamps with selvage.8.) Are the 7 known top row of stamps with selvage.9.) Are the 8 known right side of stamps with selvage. (Please note: the right side stamps are extremely unique from the rest of the stamps from this sheet, because they have a WHITE vertical line down the right side of stamps. 10.) The upper right corner stamp with a white vertical line down the right side of the stamp. Since this stamp is one of the four corner stamps and especially with the WHITE line it would make this stamp a one of a kind. This stamp is from the center of the sheet of 100 stamps. There are only 52 known of the single stamps available. (Excluding the 2 known blocks of 4 that have sold.) Note: Historical Story about the CIA invert: “The CIA invert is a one-dollar value postage stamp error issued by the United States Postal Service. It is one stamp from the Americana series that were produced between 1975 and 1981. The $1 colonial rushlight holder stamp was first issued on July 2, 1979 and one pane of 100 stamps was issued with the dark brown (the last color printed, though it covers much of the stamp) inverted. The lamp candle holder, candle outline and text are inverted relative to the flame. About 95 copies have been accounted for. The Scott catalogue number is: 1610c. This was the first United States stamp issued with a major design element printed upside down since the Dag Hammarskjold invert error of 1962. As these $1 stamps were printed in sheets of 400, three additional panes of 100 stamps certainly existed at one time, but no trace of these has so far been discovered. When the one known pane of this invert was discovered, in the spring of 1986, it had already been on sale at the McLean, Virginia post office for some time without anyone noticing the error: indeed, five of its one hundred stamps had been sold by unsuspecting clerks, and the portion of the selvage bearing the plate number was no longer attached. In this incomplete form, the pane was purchased by an employee of the CIA, who had been sent to the post office to buy stamps for the agency. The purchaser failed at first to notice that the flames were inverted relative to the candle holder and lettering. Only several days later was the error discovered, by a CIA employee who needed a $1 stamp for an agency mailing. Once this man had shared his information with eight colleagues, the nine decided to acquire the error stamps for themselves. Purchasing 95 normal $1 stamps, the group exchanged these for the CIA’s inverts. They then revealed their find to an Annandale, Virginia, stamp dealer, Ike Snyder, who referred them to a New Jersey stamp specialist Jacques C. Schiff, Jr. Eventually the group struck a deal with Schiff. Each of the nine employees kept a single inverted stamp. Schiff paid a reported $25,000 for which he received a block of 85 inverts along with a single stamp that had been damaged. Initially, Schiff shielded the members of the group from scrutiny, announcing that the fourteen stamps from the sheet not sold to him had all been used on CIA mailings. However, after the true story surfaced in the mass media (revealed by the New York Times and CBS news), the stamp became known as the CIA invert, and the agency obliged to make its own investigation. Ultimately the CIA demanded that the nine employees return their inverts to the agency, stating anyone who failed to comply would be terminated. Four returned their stamps and kept their jobs, four refused and were fired, while the ninth claimed that he had lost his stamp and remained a CIA employee. Stamp catalogs list its price as only $15,000, one-tenth of the Inverted Jenny that is valued at $150,000 despite the fact that about the same number of each stamp exist. A block of four stamps sold in 2004 for $60,000 and a second block was sold in 2015 for $71,875. Reproductions have been sold on eBay.” (Wikipedia) Note: Inverted Jenny stamp of 1918 value. In the ‘Scott’s Specialized Catalogue of United States Stamps and Covers (2017) the Inverted Jenny stamp (C3a) listing value is $450,000.

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