Philately or stamp collecting is a hobby which one should take part of primarily for the fun of it. Stamps are just like miniature doors which open to an individual the world of history, art, and world cultures. However, certain stamps have become such rare and unique collector’s items that their values have skyrocketed.
The prospect that one could instantly get rich just because of stamp collecting serves as another incentive for people to take up stamp collecting as a hobby as well as a form of investment. If you want to make money out of your collection someday, here are some things you need to take note of:
1. Some of the most valuable stamps, such as Zepps and Inverted Jennies, are best stored in safety-deposit boxes because of their values. These stamps are often found in a Scott catalog. If you want to make the most out of these stamps, then it’s best for you to sell the stamp, personally, to a collector, sell it online or in a stamp auction house.
2. If you want to make the most money out of a valuable stamp, then you should sell it directly to a collector. This is because a collector would gladly take the stamp off of your hands for 50 percent of the price for as long as that certain collector is bent on purchasing your stamp. However, a dealer would not be able to afford the 50 percent price since he or she would have a hard time selling the stamp for a profit. The most that a dealer can offer you is 25 to 30 percent of the value of the stamp.
3. On the other hand, when it comes to selling a stamp to a collector as compared to selling it in an auction house or an online auction, you would have a higher chance of selling your stamp at a higher price with the latter. In fact, most auction house will only accept stamps which are valued at a minimum amount of $3,000. However, auction houses may ask for a 10 to 20 percent commission if your stamp is sold off.
4. While there are exceptions, cancelled stamps which were issued after the 1940s generally are not valuable. On the other hand, covers which date back from the 1800s must be officially be appraised. This should also be the case for stamps released during the 1920s and the 1930s since it was during this period that airmail service was first introduced.