US 1901 Pan-American Invert 4c sold at Cherrystone. The lot fetched $14,500

June 16th, 2018 is glad to share the latest auction news with philately enthusiasts: 1901 4c deep red brown and black, center inverted was sold for $14,500 at Cherrystone auction of “Worldwide Stamps and Covers” that took place on June 12. This stamp is one of the most desired US inverted stamps. Fewer than 97 copies are known, almost all have disturbed gum.

The specimen that appeared at the auction was described by Cherrystone as having “part original gum, nicely centered for this difficult stamp, vertical thin at left, crease and small surface scrape”. 

The Pan-American inverts, created in an attempt to showcase America's technological advancements ahead of the 1901 Pan-American exposition in Buffalo, are among the most popular stamps with collectors of US errors. Their physical attraction is one of the reasons behind the stamps' popularity; rarity is another. The 1c and 2c stamps were printed by accident. The 4c was printed deliberately, because of a misunderstanding. It was a special printing produced at the request of Third Assistant Postmast.