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Thoughts On Sell Price For This E3

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Posted 02/27/2014   11:33 am  Show Profile Bookmark this topic Add eaglebub7 to your friends list Get a Link to this Message
I had been browsing this site on occasion for a few weeks and ran across this E3 which just sold a few days ago. It has a grade from PSE as well as a Cert from PF. I guess the buyer really wanted to fill the spot pretty badly. Question I have is a bit personal I guess but: if you needed to fill a space in your collection, would you pay the price? I know I would certainly have a hard time justifying this to myself but to each his own.

https://www.gradedstamps.com/galler...4je2du1t5bp3
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Posted 02/27/2014   11:39 am  Show Profile Bookmark this reply Add Terence Collins to your friends list  Get a Link to this Reply
There is another thread currently running about this grading of stamps. But my personal opinion of this nonsense is that it is exploitation of the weak and foolish minded.

Terry
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Posted 02/27/2014   11:43 am  Show Profile Bookmark this reply Add eaglebub7 to your friends list  Get a Link to this Reply
Yes I know, however, I did not want to highjack that thread as it was a bit different from my question and particular stamp.
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Posted 02/27/2014   11:51 am  Show Profile Bookmark this reply Add stallzer to your friends list  Get a Link to this Reply
Just goes to show that some People simply have too much money to burn.
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Posted 02/27/2014   2:39 pm  Show Profile Bookmark this reply Add Terence Collins to your friends list  Get a Link to this Reply
Hi eaglebub7,

I didn't mean to be rude. But to your question my answer is no, I would not be gulled into paying such unwarranted prices. I would rather have a slightly less than perfect cheapo. Like my dates.

Terry
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Posted 02/27/2014   2:39 pm  Show Profile Bookmark this reply Add Al E. Gator to your friends list  Get a Link to this Reply
Never would I pay that kind of money for that common of a stamp. Like any other collector, I like well centered examples but not enough to pay that.
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Posted 02/27/2014   3:31 pm  Show Profile Bookmark this reply Add eaglebub7 to your friends list  Get a Link to this Reply
Hey Terry, no worries, I didn't take it that way.
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Posted 02/27/2014   6:18 pm  Show Profile Bookmark this reply Add kevin504 to your friends list  Get a Link to this Reply

Quote:
Never would I pay that kind of money for that common of a stamp

Common stamp??? This stamp has a regular VF catalog value of $675.00...
There is only 1 graded higher.....based on the POP this is the 2nd highest graded #E3 there is.
Less than 10x cv....for a beauty!!
(Not saying I would buy it....but a true GEM!)
This is for the really high dollar collections!
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Posted 02/28/2014   07:08 am  Show Profile Bookmark this reply Add artlaunier to your friends list  Get a Link to this Reply
10 X the cat value? Not a chance in, a very hot place.

Art
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Posted 02/28/2014   07:38 am  Show Profile Bookmark this reply Add I_Love_Stamps to your friends list  Get a Link to this Reply
Wow! maybe I should sell all mine like that huh?
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Posted 02/28/2014   08:32 am  Show Profile Bookmark this reply Add Mike33 to your friends list  Get a Link to this Reply
As they say in the sports card world - "The registry is a powerful drug"

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Posted 02/28/2014   09:16 am  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
There have been a total of 105 mint or unused E3 graded by PSE. This is a very small sample for an issue that had to have a fairly large quantity issued. It's a very nice stamp, but strictly purchased so that someone could say my collection of certificates is better than your collection of certificates. Totally an ego purchase.
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Posted 02/28/2014   11:25 am  Show Profile Bookmark this reply Add Cephus to your friends list  Get a Link to this Reply
I would never buy a graded stamp regardless, I think the whole idea is foolish, but the answer is no, I would never pay more than book value for any stamp, regardless of how much I wanted to fill that hole.
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Posted 02/28/2014   12:04 pm  Show Profile Bookmark this reply Add Terence Collins to your friends list  Get a Link to this Reply
$675 for a mint never hinged example and $290 CV lightly hinged. Most likely less on the street. Against paying $5250 for this "certified" item? No thanks, it would be me needing to be certified. The stamp may be technically perfect, or as near so as possible, but aesthetically it has no appeal for me.

Terry

Edit for typo. TC.
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Edited by Terence Collins - 02/28/2014 12:06 pm
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Posted 03/09/2014   06:44 am  Show Profile Bookmark this reply Add stallzer to your friends list  Get a Link to this Reply
Since this has been posted I've been looking to see if a comparable one sold on any of the online auction sites and I have yet to see anything remotely close to the condition of the one posted here. Not saying I agree with the price but obviously it's a lot harder to source a well centered piece than one might think.
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Posted 03/09/2014   08:22 am  Show Profile Bookmark this reply Add pjsstamps to your friends list  Get a Link to this Reply
Like I said in the other thread, I dislike the whole grading process. I think it totally takes advantage of inexperienced collectors and the end result is they will lose interest in collecting stamps. Most of the graded stamps I see for sale are very common stamps at highly inflated prices. The people that promote grading stamps have no interest in the hobby. They are just looking for the quick buck today. All that being said, if this is a high quality no hinged mint copy the catalog value does seem to support the price, but in today's market you should be able to find it for less.
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