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INVERT
by Jerry Klein
Because of a freak printing error,
this 5-cent stamp is worth up to $2,500
Do you have one of the postage stamps
shown (in enlargement) above? If you
do, or can find one, you'll be a lot richer.
The stamp was issued by Canada last June
to mark the opening of the Saint Lawrence
Seaway but, through a printing error, some
of them came off the presses topsy-turvy.
Such specimens, originally worth five cents,
may now fetch as much as $2,500.
The excitement started the day an office
boy named Ernest Slutchuk went to a post
office in Ottawa to buy some stamps. When
he returned to work, it was noticed that the
blue eagle and maple leaf in the center of
some of the stamps were printed upside
down from the red lettering which appears
at the top and bottom.
Soon there was a scramble to post offices.
Some similar misprints were found in Win
nipeg and Picton, but elsewhere postal offi
cials located and promptly withdrew the
rare and valuable inverts.
Canada issued 40 million of these Seaway
stamps, but so far only 58 of the freak speci
mens are believed to have been discovered
six of them after being used on letters. No
doubt there are others waiting to be found.
(The United States issued 120 million of
these same stamps in a four-cent denomina
tion, but so far no misprints have occurred.)
Rich rewards have gone to those lucky
enough to find one of the errors. The Ottawa
office boy who started the furor is reported
to have received $3,500 for one, while a sec
retary in the same office is said to have suc
cessfully held out for $5,500.
Currently, a perfect unused copy is quoted
in Canada at $2,500. Gimbels, a New York
department store, claims to have cornered
the only copy in America but offers to part
with it at the bargain-basement price of
$1,000 because the specimen isn't in perfect
condition. Used copies carry a $500 price tag.
Because the stamps are in two colors, they
go through two presses. The upside-down
effect apparently was the result of a print
ing pressman feeding the paper into one
press the wrong way.
Although Canada has been printing post
age stamps for more than a century, only
three times previously had so serious a
blunder gotten into circulation. Canadian
Postmaster General W. M. Hamilton asserts:
"I do not expect it to occur again!"
Family Weekly, January 17, I960
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