Monday, October 01, 2007

Collectors cash in big on perfection

Peter Rexford writes in the Bradenton-Herald in Bradenton, Fl., that given the current market, it's surely worth a look in any old albums you may have lying around to see if you have the 1934,9-cent Glacier National Park stamp which was part of the National Parks set.

While listed in Scott's with catalog value of only $2.25, last month one of those common 9-cent stamps was auctioned for more than 1,000 times its catalog value - a staggering $2,900.

According to Rexford, "The reason for the stratospheric price is a relatively new certified grading standard for stamps. Previously, the only certification available for stamp collectors was for authentication and opinions as to whether they had been altered. Now, a numeric grading system similar to that of collectible coins rates the attractiveness of a stamp based on its centering, printing and color."

He goes on to say, "Similar to the dot-com bubble, baseball cards in the 1980s or, my personal favorite, the outlandish prices for Beanie Babies a dozen or so years ago, enormous prices for top-grade common stamps may well prove to be short-lived. Sure, they'll always bring a premium over less well-centered examples. But 1,000 times more? I can't see that in the long term."

To read his entire article, click here.
Bookmark and Share
posted by Don Schilling at 12:01 AM