Many aspiring stamp hobby collectors end up wondering if it would be possible to get rich through the collection of stamps. The truth is, no, you are not likely to turn a stamp hobby into a million dollar endeavor. Most philatelic stamp hobbyists are never going to become rich from their stamp collections. Rather, most of these collectors are going to collect simply based on the sheer joy of having their collection as well as the thrill that is associated with searching for each individual stamp. Some philatelic stamp hobby collectors get a thrill from the beauty associated with the finished collection, and they also derive joy from the camaraderie that is associated with meeting other collectors. Having said that, it is also important to know that yes, some stamps are valuable.
According to Stamps.org, for example, the 1857 3 skilling stamp from the Banco Yellow of Sweden has a catalog value which is $2,000,000. The United States 1868 1 cent Z Grill stamp is reported to have sold for a value of $935,000 in the year 1988. Assuming that you do not own one of these million dollar stamps, how much is your stamp hobby worth?
Many stamps are only worth equal to their face value or less. Some, however, are worth more. A stamp’s value is going to be based on a number of factors, including the age of the stamp, the rarity of the stamp, whether the stamp is new or used and the condition of the stamp.
- Older stamps tend to be worth more value than newer stamps. The most valuable stamps are older than 40 years of age.
- How many of the stamp is currently in circulation? A stamp that is limited edition in nature is going to be worth more than a stamp that was released in mass circulation. If there are ten or less of a stamp, it may be truly valuable.
- New and unused stamps are worth more than stamps that have already been used on a piece of mail.
- Stamps that are in excellent condition will be worth more than stamps that are in poor condition. You should be checking for imperfections such as color problems, brightness problems, ink smears and tears in the stamp.
In order to value your stamp hobby, you should buy a book that lists the stamps and their values. Make sure that you are figuring in the condition of your stamp when using these valuation books. You also need to take care to be as objective as you possibly can. Only a professional is going to b able to give you an exact answer on the value of your stamps, but these books are also quite helpful. Check online or in your yellow pages to find a professional stamp appraiser if you want to know what your stamp hobby is really worth.
Photo Credits: karen horton
Originally posted 2009-07-26 05:35:28. Republished by Blog Post Promoter
Related Posts -
Stamp Collector Stamps -> Worldwide -> Collections, Lots Few types of collectors get more excited and enthusiastic about a new acquisition than a stamp collector. Stamp collecting is one of the most popular hobbies in the world, enjoyed by young children, the elderly, and every age in between. Over 20 million people...... -
Queen Victoria Stamps Stamps -> UK (Great Britain) -> Victoria For collectors of stamps from Great Britain, perhaps the most desirable stamp of all is the Queen Victoria Stamp. This is a rare stamp that was first made in 1840. The original value was one penny, but since that time these stamps have...... -
The Most Essential Stamp Collecting Supplies It does not matter if you are just beginning in the stamp collecting world, or if you have been collecting avidly for years: There are a number of stamp collecting supplies that are truly essential to your collection. What this means is that you absolutely cannot do without these essential...... - Valuable Stamps Stamps -> Worldwide -> Postal History If you are interested in stamp collecting as more than just a hobby, it is important to focus on finding valuable stamps. These are the ones that will enhance your personal collection and provide you with a solid investment that you can count on.......
-
French Stamps Stamps -> Europe -> France and Colonies Collectors of stamps that also enjoy history are commonly drawn to French stamps for many different reasons. These are unique items that often depict the struggle for freedom, and the French stamps from the colonies are considered to be very valuable as well......
Related Websites -
What to Do With Your Childhood Baseball Card Collection From about age 9 to 12, collecting sports cards was seemingly the thing to do among me and my friends. In our particular group, basketball cards were the thing to get, for others it baseball cards, and some people were even collecting X-men cards at the time! Like many kids,...... - Miniature Collectibles Collectibles -> Decorative Collectibles -> Miniatures When it comes to a delightful collectible that won’t take up a lot of space, miniature collectibles are the ideal answer. These tiny little works of art require a great deal of craftsmanship and many of them feature amazingly lifelike details. You can find......
- When's a cent not worth a cent? When it's worth almost 1.85 cents. Political Calculations commented on my calculating melt value post and led me to a neat site called Coinflation.com. This site tracks the melt value of common U.S. currency. As you may have noticed, metals recently have gone up in price sharply. Gold and silver......
-
The Benefits of Antiques Insurance If you have a collection of antiques, collectibles or fine art, then you may find yourself wondering about insurance coverage, and how antiques insurance can possibly be used to cover your needs and ensure that your cherished items are protected. In general, antiques insurance is tricky because placing a value...... - Short Sales Secrets From Real Estate Expert by Arnulfo Snider When the value of your home is less than the amount that you owe on your loan, you should consider a short sale. For the sake of argument we'll say that your home is worth 350,000 and you owe 360,000 then a short sale would be a......
