Saturday, September 24, 2011

Investing in Stamps

Rick Miller writes in Linn's Stamp News, "Stamp investment can be successful, but comes with risk."

Ricks says he's a collector of stamps and not an investor in stamps and points out there is a big difference.

According to Rick, "A collector acquires stamps for the sheer joy they give. Purchases are made based upon the individual collector's interest in the country or subject shown on the stamp. Mounting stamps in an album or on an exhibit page is indescribably satisfying."

He goes on to say, "Those who invest in stamps may or may not experience the joy in ownership. The primary concern is whether or not a stamp is likely to appreciate in value and how long it will take for a profit to be achieved.":

"Can a person make money investing in stamps?" Rick asks. "Yes, but it is not for the weak of heart. The risks are great, and the knowledge requirement is very high."

To read his entire article, click here

EDITOR'S NOTE: A good book on the subject of investing in stamps is Stephen R. Datz's Stamp Investing. Click here to see the table of contents and read several chapters.

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posted by Don Schilling at 12:01 AM