Stamp Collecting

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

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Knowing the meanings of certain stamp terms is an important part of stamp collecting because it means you have a thorough understanding of what you are doing. Here are some of the stamp terms that are well worth knowing:

Adhesive – This is, in actuality, exactly what a stamp is. A stamp is simply a piece of paper that pays for postage when it is applied to a piece of mail. A stamp is a piece of paper that has a pressure sensitive or gummed back.

Airmail Stamps – These are postage stamps that are used to pay postage rates for airmail. The United States stopped issuing airmail-specific stamps during the 1970s, which was when they began to send all mail via air.

As Is - This is a term that is often used in auctions, denoting that a stamp is being sold without any additional guarantees attached to it.

Authentication Mark – This is a tiny mark appearing on many rare and older postage stamps. What it is meant to do is to denote that the stamp has been examined by an expert, and that its authenticity has been approved.

Backstamp – This is a postmark that is applied to a cover’s reverse, indicating the transit or the receipt of mail.

Block - This is an un-separated, even numbered selection of stamps, such as a block of four stamps, six stamps, twelve stamps or so on.

Bogus - This is a fictitious label that appears like a stamp, but that is created specifically for being sold to collectors. Bogus stamps are not used for postage, but simply for displaying and collecting.

Cancel - This is a marking that indicates that a postage stamp has already been used.

Catalog - This is a comprehensive listing of revenue and postage stamps, including their illustrations and their current price valuations as well.

Catalog Value – This is the value of a particular stamp as given or indicated by a particular stamp catalog.

Centering – This is the position of the design of the stamp in relation to the margins that surround it. Centering is particularly important in the determination of a value on a stamp.

Classic Stamp – This is an early stamp issue that has the connotation of rarity.

Coil - These are stamps that are prepared in rolls from between 100 and 1000 stamps that are inserted into vending machines.

Commemorative – These are stamps that are issued for the purpose of honoring a person, a place or an event.

Condition - This is the stamp’s overall state, including the state of the gum, the centering of the stamp, the presence of damage on the stamp and so on.

Counterfeit - This describes a stamp or a cover or a cancellation that was created in order to deceive.

Crease – This is a fold indicating a weakening of the stamp’s paper.

Photo credits: karen horton

Originally posted 2009-11-11 03:57:41. Republished by Blog Post Promoter

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