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Hyman L. Lipman

By
Managing Real Estate Broker with Fathom Realty PB00068179

Hymen L. Lipman was born in Kingston, Jamaica back in 1817.  In 1829, the family moved to the United States arriving in Philadelphia, Pennsylvania, where he resided for the rest of his life.  He worked as a stationer in Philadelphia where in 1840 he was the leading stationer. In 1843, he started the first envelope company in the United States.

In 1848, he married Mary A. Lehman daughter of Peter Lehman, who was one of the founders of the Philadelphia College of Pharmacy.  He died in 1893, he was 76.

What you may not know about Hymen is that in 1858, he registered the first patent for a pencil with an attached eraser (U.S. Patent 19,783).  He sold his patent for $100,000.00 to Joseph Reckendorfer.  Reckendorger wanted to sure the pencil manufacture Faber for infringement.  The United States Supreme Court ruled against Reckendorfer, declaring the patent invalid because his invention was actually a combination of two already known things with no new use.

Good thing Hymen sold don’t you think?

NW Arkansas, come for a visit, stay for a lifetime.

 

Posted by

 

NW Arkansas the home of WalMart, JB Hunt Trucking and Tyson Foods.

 

Come for a visit stay for a lifetime.  

 

URL http://www.sellnwa.com 

Barbara Tattersall
Keller Williams Realty Metropolitan (Keene,NH) - Keene, NH
GRI

Mr. Lipman"s pencil with an eraser was a very handy tool for every school student!😃

Jun 23, 2021 04:07 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning James - it is good.  Timing is everything!  I think I remember the manufacturer's name.

Jun 23, 2021 04:08 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello James - for some reason, I know the name Faber but obviously Mr Lipman made a strategic deal.  I hope his life in Philadelphia brought him many more opportunities like the one shared here.  Timing, right?  

Jun 23, 2021 04:27 AM
Raymond E. Camp
Ontario, NY

Good morning James,

Now we backspace to make corrections!

Make yourself an awesome day.

Jun 23, 2021 04:45 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Hyman made a good sale, that is certain, haha.  I thought I recognized Lipman as being big in the office products industry, but I might be confused since I don't really know much about it, haha.

Jun 23, 2021 04:46 AM
Roy Kelley
Retired - Gaithersburg, MD

This is an interesting story to share.

Take care, be safe and have a great day.

Jun 23, 2021 04:47 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning James. Sometimes justice is not fair. That said used a lot of pencils, and a lot of times the eraser, in my day. Enjoy your day.

Jun 23, 2021 05:46 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

If he had a patent you would think he would have won the case. As the world's worst speller I can tell you I usually ran out or eraser before I had to shapen the pencil even once James Dray  🙄

Jun 23, 2021 05:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

How interesting is that, James? Of course, I'm of the age where I well remember pencils like that. These days, I suspect many youngsters don't use them.

Jun 23, 2021 07:44 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning James! Yes, a very good idea he sold it. And that was a huge amount of money back then too

Jun 23, 2021 07:54 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

James,

What an interesting and fun story.  Glad he sold when he did...Wishing you a wonderful day.  A

Jun 23, 2021 09:39 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Well, a little bit of intrigue in the pencil industry! He made the right decision for sure.

Jun 23, 2021 10:29 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi James- very interesting!  Show you that you never know what might happen. 

Jun 23, 2021 11:14 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI James Dray - $100,000 was a whole lot of money back then.  Smart decision.

Jun 23, 2021 12:27 PM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

I think he should have used part of the 100k to buy a new name. The one he had was ugly...lol

Jun 23, 2021 02:23 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wow that is an interesting story and indeed he made a good deal immagine $100k a hundred years ago?? wow what would that be under today's terms... ten or more millions, Endre

Jun 23, 2021 10:26 PM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

It is hard to know whether Hyman L. Lipman could have made more money in the long-run by producing the erasers. Yet, $100,000 was a lot of money in those days so I doubt that he had any regrets.

Oct 26, 2021 07:26 PM