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For broadcast on CBS Radio Network stations May 4-5, 2002:

Turning Stamp Collecting Upside Down

The Stamp Collecting Report, I'm Lloyd de Vries.

It's probably the most famous U-S stamp ever: The Jenny Invert. 
It's the upside-down bi-plane on the 24 cent air mail stamp. 
Only one sheet of one hundred was ever found.

Today, each of those stamps is worth at least a hundred thousand 

Mystic Stamp Company took out large ads recently offering one for 
that price.

"It's a stamp that many collectors dream about; it's just a really 
cool stamp, and so we thought it would be fun to see if we could 
sell it by offering time payments."
RUNS :10

Mystic's Don Sundman says this Jenny Invert isn't perfect, but that 
proves a point.

"I think somebody...a collector...can say, 'Gosh, this $10 stamp 
doesn't have gum but it's still a collectible stamp. Look at this 
$100,000 stamp that doesn't have gum."
RUNS :10

Another one is about to go on the auction block. Millionaire stamp 
collector Ned Greene bought the entire sheet, but put one stamp 
inside a glass locket and gave it to his wife.

And that's stamp collecting this week. 

I'm Lloyd de Vries, CBS News.

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