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 Collection Stamp Collection -> Worldwide -> Collections, Lots Building up a stamp collection is a hobby for thousands of people and it is one of the oldest forms of collectibles. For those that are just getting started with their stamp collection, there are a few things to remember to make sure...... -
How to Store or Display your Valuable Stamps If you are collecting valuable stamps of any type, then you need to have a good understanding of how to store and display them. Your collection of valuable stamps is going to require a lot of attention as well as care. If you are investing time and money into the...... -
Beginning a Stamp Collecting Hobby Starting a stamp collecting hobby can be popular and rewarding if you like the idea of stamps. If you are just getting started with your own stamp collecting hobby and you are trying to figure out where you need to get started, the following tips should prove to be helpful....... -
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...... -
Buying your Postage Stamps Online With the wide availability of different stamps from all over the world, there is an enormous selection from you to take from when it comes to buying postage stamps online. The following tips should help you when it comes to expanding your stamp hobby by purchasing and even selling your......
Related Websites -
4 Things to Look For when Collecting Foreign Currency There is plenty of interest and intrigue in foreign currency, whether it be because of the different way that some approach their money or the interesting patterns and colors used on their paper money. It is an interesting and unique form of collecting that many people look into when thinking...... -
The Basics of Collecting Wine: Storage Some people choose to go about collecting wine to earn money, and other people get into the art of collecting wine just because they are passionate about wine. It does not matter why you are collecting, for profit or for pleasure, the art of collecting wine is one that requires...... -
Cat Collectibles Collectibles -> Animals -> Cat-Domestic The history of cat collectibles goes back much farther than you probably realize. Cats were revered in Ancient Egypt where citizens did more than collect cat-related items, they collected the cats themselves. So far, over 300,000 mummified cats have been found buried in ancient tombs....... -
Ways to Accidentally Reduce The Value of Your Coin Collection The world of coin collecting is all about coin value and the worth that your coin collection has. Each piece of your collection is broken down to get a better understanding of the collective cost. While value is not the only reason that you will pay attention to the cost...... -
The World of Coin Collecting Values While there are some people who collect coins for fun, there are others who collect coins because of coin collecting values. While coin value is something that is important to understand for both serious collectors, casual collectors should take note. The information found about coins with value will help anyone......
- Yellow Perennials Flower Seeds Plants, Seeds & Bulbs Gardening & Plants Yard, Garden & Outdoor Living Nursery
- Postage Stamp Vending Machines Banks, Registers & Vending Collectibles
- Yellow Pool Chemicals & Testing Pools & Spas Yard, Garden & Outdoor Living
- Home-Based Businesses Businesses for Sale Opportunities
- Professional Heavy Duty Loppers, Pruners & Snips Garden Tools & Equipment Gardening & Plants Yard, Garden & Outdoor Living
