Stamp Community Family of Web Sites
Stamp Community Forum
Save Password
Forgot your Password?

Welcome Guest! Need help? Got a question? Inherit some stamps?
Our stamp forum is completely free! Register Now!

Se-Tenant and Catalog Value  

To participate in the forum you must log in or register.
Author Previous Topic Topic Next Topic  
Pillar Of The Community
Learn More...
United States
1128 Posts
Posted 07/23/2011   10:39 am  Show Profile Bookmark this topic Add ncbuckeye to your friends list  Get a Link to this Message
In a discussion with a local youth who collects stamps, he posed this question. Hw was looking at the 2009 edition of the U.S. Postal Service Guide to Stamps which uses Scott numbers and values. Some of the early se-tenant issues (examples are 1972 1456-1459 and 1973 1480-1483) have the uncancelled joined block of 4 with a lower value than each of the 4 stamps separated. He asked if he should separate his block of 4 so that the stamps would be worth more! I understand that Scott's places a 20 cent minimum on a single issue, but it would seem logical to me that for a se-tenant issue, the whole should always be equal to at least the sum of the parts! Oh, yes, I convinced him to keep as a block of 4.
Send note to Staff

Bedrock Of The Community
United States
12120 Posts
Posted 07/23/2011   12:13 pm  Show Profile Bookmark this reply Add wt1 to your friends list  Get a Link to this Reply
The Postal Service Guide to US Stamps is based on the Scott Catalog, and the Scott Catalog does indeed show lower values for many blocks and/or se-tenant set of stamps than they do for each stamp separated individually. In fact, there are even situations where some of these modern blocks of stamps are worth more used than mint! Not that the stamps are particularly valuable, but many multiples were saved by collectors in mint form and few saw postal use. However, if you tried to use those stamps today, they would probably be worth less as the term "used" typically applies to contemporaneous cancellations and not cancels that were applied 10, 20 or 30 years later.

The stamps you recite are from the early 1970's and to take the issue to the extreme, look at the 2-cent National Parks Centennial stamps (Scott 1448-51). As each separated stamp is given a minimum catalog value of 20 cents, you would think a block of four would be worth 80 cents, but in fact it's assigned catalog number 1451a and only worth a mere 25 cents!

The reality is that catalog values aren't meant to give a true value to a common stamp. The minimum catalog value takes into account a dealer's cost to maintain his store, and his overhead, and his cost to keep on-hand the inventory of stamps a collector may want. In most cases stamps sell for much less. It's all supply and demand. If a collector needs one or two stamps to fill spaces in his album, no matter how common, he may be willing to buy it above catalog value simply to accomplish his goal while others may wait until the stamp is found at a deep discount.

The other issue to consider is that in dealing with a used stamp that may have a catalog minimum of 20 cents, most will know that the re-sale will probably be a couple of cents (if that); just because someone may have accumulated 10,000 copies of that same used stamp, doesn't mean that you can apply a $2000 value to it; as they will still only sell for pennies.

That's why catalogs are often referred to as a "Guide" Just because an item may be listed as being worth a set amount doesn't mean it's worth that on the resale market. The true value all comes down to what a buyer is willing to pay and what a seller is willing to accept to make the deal go through.

An analogy I use quite often is that you can go into a new car showroom and see the perfect car with a $30,000 sticker price but few would expect to pay that, as most would want a discount and a rebate and any other promotional incentive to get the car at far less than list (catalog) price may suggest. Same general principle holds true for stamps or coins or antiques or any other item of value.

Send note to Staff  Go to Top of Page
Rest in Peace
United States
7097 Posts
Posted 07/23/2011   12:27 pm  Show Profile Bookmark this reply Add I_Love_Stamps to your friends list  Get a Link to this Reply
Very well put wt1. That cleared up some questions I have had about this topic. So, thanx.
Send note to Staff  Go to Top of Page
  Previous Topic Topic Next Topic  
To participate in the forum you must log in or register.
United States Postal Service, Now on eBay!United States Postal Service, Now on eBay!
New Forum Topics Recently Active Forum Topics
  Ebay Checkout- The Problems Continue
  Chads stuck to front of Bicentennial 20 c Scott#2052 Sheet
  Re: Modern U.S. Imperforate Stamps
  scott 148 ? cracked plate ?
  1898 Map stamp perforation adjustment.
  Help/opinions with a possble re-entry.
  Mystery Straits Settlements stamp
  Synagogue in Regensburg - poster stamp from 1912.
  424e Imperf pane error.
  Is there a way to bring out grill details?
  Anyone know how to revitalise bound album covers?
  US #10A/11A Radial Lines In Bottom Label Block
  Scott - a Reference catalog or a Retail catalog?
  Watermarks on Danzig Coat-of-Arms Stamps
  Split Up Mint Sheets or Buy Singles (1995-2010)
  Help identify this stamp please
  Nice surprise in one of my stock books.
  Stamps on Paper with Cancellations -- Save or Soak?
  Scott 24 plate crack or something else?
  26A plate No.11? Shows partial imprint.
  Stamp collection inherited
  Deutsche Demokratische Republik
  Precancelled Twice - Two Very Different Precancels
  11A Is this a recut or just inking?
  HipStamp (formerly bidStart) two new stores

  Ebay Checkout- The Problems Continue
  Help/opinions with a possble re-entry.
  Whats in your Library?
  Some new revenue acquisitions
  Chads stuck to front of Bicentennial 20 c Scott#2052 Sheet
  1898 Map stamp perforation adjustment.
  Mystery Straits Settlements stamp
  The Stamps of France : By page.
  Scott - a Reference catalog or a Retail catalog?
  Germany: Cancellation Premium.
  This admiral stamp has me baffled .
  scott 148 ? cracked plate ?
  Let's see your cinderellas!
  Books Pictured on Stamps
  Punctured stationary?
  Trade 2014 Scott's US Specialized for mint stamps
  Why Not Collect Australia?
  Australia... Roos for sale
  Re: Modern U.S. Imperforate Stamps
  Great Britain album pages
  New Canadian Acquisitions
  New Fake Coils From Ebay Seller
  Nice surprise in one of my stock books.
  Is there a way to bring out grill details?
  Super Size Taxpaid Revenues

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Stamp Community assumes no liability for errors. Copyright 2005 - 2016 Stamp Community Family - All rights reserved worldwide. Use of any images or content on this website without prior written permission of Stamp Community or the original lender is strictly prohibited.
Privacy Policy / Terms of Use    Advertise Here
Stamp Community Forum © 2007 - 2014 Stamp Community Forums Go To Top Of Page
It took 0.17 seconds to lick this stamp. Powered By: Snitz Forums 2000 Version 3.4.05