Stamps & 100 billz - Janet Yellen Inspires Jay-Z rapSubmitted by TheBrushfire on Wed, 10/16/2013 - 18:10
If you've seen Season 5, eppy 1 of The Simpsons, Bart makes a reference to the Inverted Jenny.
This rare stamp is the result of what I can only assume was a fatigued intaglio press operator who put the plate upside down.
This stamp has been auctioned and sold, the highest price was $9 million I think. (Bill Gross, PIMCO)
In 2008, infamously corrupt Broward county election pollsters "discovered" an Inverted Jenny stamp on an absentee ballot received by mail. (Later, it was "ruled" counterfeit)
A recent episode of SNL Weekend Update featured 2 very connected stories:
1) the "Let's Move" stamps designed to commemorate Michele Obama's nutrition campaign have been recalled/destroyed (I've heard differing accounts) The reason? The "outdoor activities" pictured require knee-pads, which the skateboarder isn't wearing. I wish I was joking.
2) the Papacy has recalled a bunch of gold coins because Jesus was spelled wrong.... Uh. Sure.
Following that, I discovered that the Royal Mint is issuing a bunch of commemorative coins for Royal baby Henry.
Moving on, what appears to be a VERY discrete release of information: the US is going to re-release commemorative Inverted Jenny stamps, one run costing about $2.
Another post reminded me that stamps can be used as legal tender in the event there aren't enough coins in circulation. It's really no different than bills being exchanged for gold, in this case stamps are the paper version of coins.
You may have heard about the $100 bill release, especially the fact that a rare batch with certain numbers will be "worth more."
The government is artificially creating scarcity in products of their choosing; products they can manufacture in bulk--like stamps.
I wonder of the "let's move" stamps will really be destroyed; one of the easiest ways to launder money is through auctions and stamp collecting!
I haven't connected all the dots yet, but what really keeps me interested in this trail is that the media has been going on non-stop about the new Fed chair and how she has quite the stamp collection. She's a philatelist.