What we collect!

 

Stamporama Discussion Board Logo
For People Who Love To Talk About Stamps
Discussion - Member to Member Sales - Research Center
Stamporama Discussion Board Logo
For People Who Love To Talk About Stamps
Discussion - Member to Member Sales - Research Center
Stamporama Discussion Board Logo
For People Who Love To Talk About Stamps



What we collect!
What we collect!


General Philatelic/Gen. Discussion : Valuation of "High Value" Stamps with "faults."

 

Author
Postings
stampbaby
Members Picture


19 Apr 2018
01:43:48pm
From time to time, I am tempted to acquire a few "high value" stamps at a substantial discount to catalogue value. One stamp in question that I am mulling over purchasing is Canada #99 at 90% of the used catalogue valuation ($70.00). The stamp is fairly well centered, previously hinged and lightly cancelled. However, a "fault" is present in a left side tear of approximately 1/8 inch. My dilemma is that, even though it is a stamp dearly needed to complete my collection setImage Not Found, I don't want to pay $7.00 for a stamp that is regarded by other collectors or dealers as being totally worthless. So, given that bit of info., how does a collector assess valuation of a stamp that has a fault? Any thoughts or research reference on this subject will be greatly appreciated.

Like
Login to Like
this post
amsd
Members Picture


Editor, Seal News; contributor, JuicyHeads

19 Apr 2018
01:52:43pm

Auctions
re: Valuation of "High Value" Stamps with "faults."

Gilman

first, other than the tear, the stamp is nice. well centered, fairly light cancel. I can;t tell if that's toning at the top; if so, that would be a second fault.

So, if you want the stamp, get it.

as to reselling it, you probably can't, and it won't enhance the value of a collection.

finally, cheap as I am, I think 10% is high for a clearly damaged stamp, unless they just aren't available anywhere. If that'st he case, then get it.

Like
Login to Like
this post

"Save the USPS, buy stamps; save the hobby, use commemoratives"

juicyheads.com/link.php?PLJZJP
Webpaper
Members Picture


19 Apr 2018
02:23:23pm
re: Valuation of "High Value" Stamps with "faults."

Lets not forget that the guy who pays the bills around here and makes it possible for us to have a great place to call home also has a lot of stamps and covers available.

Here's a Canada 99 for a bit less money - thin and reinforced tear..

https://www.discountstampshop.com/bargainbin/showitemcombo.php?stocknum=SA16771&code=canused1900&

The front door to his store is at the top right of this page .........

Like 
4 Members
like this post.
Login to Like.
michael78651
Members Picture


19 Apr 2018
02:59:29pm
re: Valuation of "High Value" Stamps with "faults."

Given a choice between the two stamps referenced in this thread, I would buy the one Carol provided the link to. Even at 90% of catalog value ($7.00), I think the stamp is nice enough for that price. Roy's "on sale" asking price is even more attractive.

The stamp pictured is on the bad sad. If I were selling it, I would probably price it from $3.50 to $1.00, depending how bad the crease is at the top right.

Years ago, I created a stamp grading table that I compiled after researching how the stamp graders and better dealers were evaluating stamps and conditions. I still have it (it used to be posted on the old StampWants). Every now and then I get a request for a copy of it. If anyone wants it, send me a private message requesting it, and include your email address. I'll send it to you as an attachment. It is in HTML format.

I haven't checked about it here, but maybe I can make this form part of an article, if I can upload an HTML file into the article creating tool? Tim or Ralph, do you know?

Like 
1 Member
likes this post.
Login to Like.

www.hipstamp.com/store/the-online-stamp-shop
larsdog
Members Picture


APS #220693 ATA#57179

19 Apr 2018
08:41:06pm
re: Valuation of "High Value" Stamps with "faults."

I have Michael's table. It's a very useful tool!

Lars

Like 
1 Member
likes this post.
Login to Like.

"Expanding your knowledge faster than your collection can save you a few bucks."

www.larsdog.com/stamps
scb
Members Picture


Collecting the world 1840 to date - one stamp at a time!

20 Apr 2018
12:05:48am
re: Valuation of "High Value" Stamps with "faults."

I would save the money and wait for solid copy to come by. For 10-20% of catalog value you should be able to get a solid copy with zero obvious faults.

I did a quick search on Delcampe - at least one seller there seems to have a relative nice looking copy for fixed price of 15$ + 3$ postage worldwide. And with time you are guaranteed to discover better offers without compromising quality of your collection. It's all about patience.

-k-

Like 
1 Member
likes this post.
Login to Like.

www.stampcollectingblog.com
pigdoc

20 Apr 2018
09:00:45am
re: Valuation of "High Value" Stamps with "faults."

I tend to shy greatly from paper damage or any kind of damage to the stamp design - scrapes, even AVG centering, where the perfs are into a frame line. And stains, that's just another paper damage issue.

Minor perf faults I'm OK with.
Sometimes, I'd rather have some perf faults to indicate that the stamp was NOT reperfed.
And F-VF centering I'll tolerate if I have to.

This has guided me for about 40 years of collecting, and when I look back at some of the US Classics stuff I bought when I was a kid, I say, "Dang, that's NICE!"

-Paul

Like 
2 Members
like this post.
Login to Like.
burrowsj

23 Apr 2018
04:24:15pm

Approvals
re: Valuation of "High Value" Stamps with "faults."

The Canada 99 as it stands is strictly as space filler and 1.00 would be too much to pay.The Unitrade Specialized Catalogue indicates that 1.2 million were print and lots of them have survived used.You need to find a Canadian interested in Canadian stamps who likes to attend local stamps bourses on Sunday.They could could pick you up an excellent used copy for less than that 7.00 offer.

Like 
2 Members
like this post.
Login to Like.
Bobstamp
Members Picture


23 Apr 2018
10:20:16pm
re: Valuation of "High Value" Stamps with "faults."

I've bought only two stamps that were discounted because of faults. I saved a lot of money over catalogue, but I regret spending anything on them. When I see them, I only see the faults, not the stamps' positive attributes. And one stamp's fault is that it has no gum! Otherwise, it's a beautiful stamp. But do I see the beauty? Nope. I only "see" its gumless backside!

On the other hand, there is one type of "fault" that I don't mind at all — Straight Edges (SE). I don't think that modern printing methods result in any stamps with straight edges, but in decades past large sheets of 400 stamps were cut into four panes 100 stamps each, with the result that 18 stamps from the sheet had SEs their right edges, 18 had SEs on their left edges, 18 had SEs on their bottom edges, and 18 had SEs on their top edges. Then there were four stamps from the middle of the sheet that each had intersecting two intersecting SEs on one corner. And, finally, most stamps from booklet panes have one or two SEs. Give me a straight-edged stamp any day rather than a fully-perforated but badly off-centre stamps. Fortunately for me, most dealers discount SEs (although I've heard that in Europe, SEs are valued for the "rarities" that they actually are).

Bob

Like 
3 Members
like this post.
Login to Like.

www.ephemeraltreasures.net
BenFranklin1902
Members Picture


Tom in Exton, PA

27 Apr 2018
02:03:00pm

Approvals
re: Valuation of "High Value" Stamps with "faults."

"I would save the money and wait for solid copy to come by. For 10-20% of catalog value you should be able to get a solid copy with zero obvious faults. "



Agreed. I do not buy damaged stamps, but if I have one I received in a lot, I'll use it as a space filler. Then you run the danger of checking it off and missing the chance to get a good one!

I don't mind multiple hinge marks on 19th century stamps, being very suspect of MNH stamps from that era.

"On the other hand, there is one type of "fault" that I don't mind at all — Straight Edges (SE)"

.

Since you mentioned this a while back, I have bought a few classic stamps with that straight edge!

Like
Login to Like
this post
        

 

Author/Postings
Members Picture
stampbaby

19 Apr 2018
01:43:48pm

From time to time, I am tempted to acquire a few "high value" stamps at a substantial discount to catalogue value. One stamp in question that I am mulling over purchasing is Canada #99 at 90% of the used catalogue valuation ($70.00). The stamp is fairly well centered, previously hinged and lightly cancelled. However, a "fault" is present in a left side tear of approximately 1/8 inch. My dilemma is that, even though it is a stamp dearly needed to complete my collection setImage Not Found, I don't want to pay $7.00 for a stamp that is regarded by other collectors or dealers as being totally worthless. So, given that bit of info., how does a collector assess valuation of a stamp that has a fault? Any thoughts or research reference on this subject will be greatly appreciated.

Like
Login to Like
this post
Members Picture
amsd

Editor, Seal News; contributor, JuicyHeads
19 Apr 2018
01:52:43pm

Auctions

re: Valuation of "High Value" Stamps with "faults."

Gilman

first, other than the tear, the stamp is nice. well centered, fairly light cancel. I can;t tell if that's toning at the top; if so, that would be a second fault.

So, if you want the stamp, get it.

as to reselling it, you probably can't, and it won't enhance the value of a collection.

finally, cheap as I am, I think 10% is high for a clearly damaged stamp, unless they just aren't available anywhere. If that'st he case, then get it.

Like
Login to Like
this post

"Save the USPS, buy stamps; save the hobby, use commemoratives"

juicyheads.com/link. ...
Members Picture
Webpaper

19 Apr 2018
02:23:23pm

re: Valuation of "High Value" Stamps with "faults."

Lets not forget that the guy who pays the bills around here and makes it possible for us to have a great place to call home also has a lot of stamps and covers available.

Here's a Canada 99 for a bit less money - thin and reinforced tear..

https://www.discountstampshop.com/bargainbin/showitemcombo.php?stocknum=SA16771&code=canused1900&

The front door to his store is at the top right of this page .........

Like 
4 Members
like this post.
Login to Like.
Members Picture
michael78651

19 Apr 2018
02:59:29pm

re: Valuation of "High Value" Stamps with "faults."

Given a choice between the two stamps referenced in this thread, I would buy the one Carol provided the link to. Even at 90% of catalog value ($7.00), I think the stamp is nice enough for that price. Roy's "on sale" asking price is even more attractive.

The stamp pictured is on the bad sad. If I were selling it, I would probably price it from $3.50 to $1.00, depending how bad the crease is at the top right.

Years ago, I created a stamp grading table that I compiled after researching how the stamp graders and better dealers were evaluating stamps and conditions. I still have it (it used to be posted on the old StampWants). Every now and then I get a request for a copy of it. If anyone wants it, send me a private message requesting it, and include your email address. I'll send it to you as an attachment. It is in HTML format.

I haven't checked about it here, but maybe I can make this form part of an article, if I can upload an HTML file into the article creating tool? Tim or Ralph, do you know?

Like 
1 Member
likes this post.
Login to Like.

www.hipstamp.com/sto ...
Members Picture
larsdog

APS #220693 ATA#57179
19 Apr 2018
08:41:06pm

re: Valuation of "High Value" Stamps with "faults."

I have Michael's table. It's a very useful tool!

Lars

Like 
1 Member
likes this post.
Login to Like.

"Expanding your knowledge faster than your collection can save you a few bucks."

www.larsdog.com/stam ...
Members Picture
scb

Collecting the world 1840 to date - one stamp at a time!
20 Apr 2018
12:05:48am

re: Valuation of "High Value" Stamps with "faults."

I would save the money and wait for solid copy to come by. For 10-20% of catalog value you should be able to get a solid copy with zero obvious faults.

I did a quick search on Delcampe - at least one seller there seems to have a relative nice looking copy for fixed price of 15$ + 3$ postage worldwide. And with time you are guaranteed to discover better offers without compromising quality of your collection. It's all about patience.

-k-

Like 
1 Member
likes this post.
Login to Like.

www.stampcollectingb ...
pigdoc

20 Apr 2018
09:00:45am

re: Valuation of "High Value" Stamps with "faults."

I tend to shy greatly from paper damage or any kind of damage to the stamp design - scrapes, even AVG centering, where the perfs are into a frame line. And stains, that's just another paper damage issue.

Minor perf faults I'm OK with.
Sometimes, I'd rather have some perf faults to indicate that the stamp was NOT reperfed.
And F-VF centering I'll tolerate if I have to.

This has guided me for about 40 years of collecting, and when I look back at some of the US Classics stuff I bought when I was a kid, I say, "Dang, that's NICE!"

-Paul

Like 
2 Members
like this post.
Login to Like.
burrowsj

23 Apr 2018
04:24:15pm

Approvals

re: Valuation of "High Value" Stamps with "faults."

The Canada 99 as it stands is strictly as space filler and 1.00 would be too much to pay.The Unitrade Specialized Catalogue indicates that 1.2 million were print and lots of them have survived used.You need to find a Canadian interested in Canadian stamps who likes to attend local stamps bourses on Sunday.They could could pick you up an excellent used copy for less than that 7.00 offer.

Like 
2 Members
like this post.
Login to Like.
Members Picture
Bobstamp

23 Apr 2018
10:20:16pm

re: Valuation of "High Value" Stamps with "faults."

I've bought only two stamps that were discounted because of faults. I saved a lot of money over catalogue, but I regret spending anything on them. When I see them, I only see the faults, not the stamps' positive attributes. And one stamp's fault is that it has no gum! Otherwise, it's a beautiful stamp. But do I see the beauty? Nope. I only "see" its gumless backside!

On the other hand, there is one type of "fault" that I don't mind at all — Straight Edges (SE). I don't think that modern printing methods result in any stamps with straight edges, but in decades past large sheets of 400 stamps were cut into four panes 100 stamps each, with the result that 18 stamps from the sheet had SEs their right edges, 18 had SEs on their left edges, 18 had SEs on their bottom edges, and 18 had SEs on their top edges. Then there were four stamps from the middle of the sheet that each had intersecting two intersecting SEs on one corner. And, finally, most stamps from booklet panes have one or two SEs. Give me a straight-edged stamp any day rather than a fully-perforated but badly off-centre stamps. Fortunately for me, most dealers discount SEs (although I've heard that in Europe, SEs are valued for the "rarities" that they actually are).

Bob

Like 
3 Members
like this post.
Login to Like.

www.ephemeraltreasur ...
Members Picture
BenFranklin1902

Tom in Exton, PA
27 Apr 2018
02:03:00pm

Approvals

re: Valuation of "High Value" Stamps with "faults."

"I would save the money and wait for solid copy to come by. For 10-20% of catalog value you should be able to get a solid copy with zero obvious faults. "



Agreed. I do not buy damaged stamps, but if I have one I received in a lot, I'll use it as a space filler. Then you run the danger of checking it off and missing the chance to get a good one!

I don't mind multiple hinge marks on 19th century stamps, being very suspect of MNH stamps from that era.

"On the other hand, there is one type of "fault" that I don't mind at all — Straight Edges (SE)"

.

Since you mentioned this a while back, I have bought a few classic stamps with that straight edge!

Like
Login to Like
this post
        

Contact Webmaster | Visitors Online | Unsubscribe Emails | Facebook


User Agreement

Copyright © 2024 Stamporama.com