Stamp Community Family of Web Sites
Thousands of stamps, consistently graded, competitively priced and hundreds of in-depth blog posts to read
Stamp Community Forum
 
Username:
Password:
Save Password
Forgot your Password?

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

Lessons In Supply And Demand

 
To participate in the forum you must log in or register.
Author Previous TopicReplies: 8 / Views: 2,062Next Topic  
Pillar Of The Community
Learn More...
586 Posts
Posted 04/30/2015   6:43 pm  Show Profile Bookmark this topic Add ThomasGalloway to your friends list Get a Link to this Message
Here's a current eBay auction: http://www.ebay.com/itm/161688617599

Title: (x225) U646a color missing error hoard 34c 2001 entire SCV $50,625+ NO RESERVE



Lots to talk about with this one. The auction started at $0.01 and free delivery (very nice). Scott catalogue value $225 each (according to the auction - my Scott is a little old). UPSS catalog is a little more up-to-date with $150.

I've watched single envelopes of this variety on eBay go for much less than $100. Often in the $30 range. What should the buyer of this lot expect to get if they expect to turn around and sell these one by one?

I hate to think what I paid for mine 3 or 4 years ago

Send note to Staff

Pillar Of The Community
1849 Posts
Posted 04/30/2015   6:59 pm  Show Profile Bookmark this reply Add kevin504 to your friends list  Get a Link to this Reply
ThomasGalloway....what about this???
This is a huge accumulation....
The buyer will NOT sell these 1 at a time....
Im sure they will be wholesaled....just like this lot.
Send note to Staff  Go to Top of Page
Valued Member
244 Posts
Posted 04/30/2015   10:45 pm  Show Profile Bookmark this reply Add patg23 to your friends list  Get a Link to this Reply
Think someone ordered a box of 500, and got this surprise. Be interesting to hear the backstory.
Wonder how long for the market to adjust. I think it will be a slow drip, drip, drip on eBay as new people come In thinking they sniped it at $40-$50

Be interesting to follow.
Pat
Send note to Staff  Go to Top of Page
Valued Member
United States
82 Posts
Posted 05/01/2015   1:35 pm  Show Profile Bookmark this reply Add wbrob to your friends list  Get a Link to this Reply
Supply and Demand:
Present score - supply many, many hundreds - demand pretty small.
not the stamped envelopes but some other errors I secured maybe 15+ years ago. was quite happy to sell rather quickly a few dozen at realistically high prices; then a few dribbled out over several years at slowly declining market prices; then just a very few one by one in the last couple of years at the current, much lower, price.
Not disappointed or discouraged in the least but have crazy daydreams about torching 90% of what I still have to keep the supply small enough to maintain at least some demand.
good luck on the stamped envelopes, new owner whoever you may be.
Bill
Send note to Staff  Go to Top of Page
Pillar Of The Community
3542 Posts
Posted 05/02/2015   11:08 am  Show Profile Bookmark this reply Add jogil to your friends list  Get a Link to this Reply
The sale of this lot may eventually affect the price of all of the other lots of single U646a covers on eBay, if the new buyer decides to sell them off on there too.
Send note to Staff  Go to Top of Page
Pillar Of The Community
Learn More...
586 Posts
Posted 05/02/2015   2:06 pm  Show Profile Bookmark this reply Add ThomasGalloway to your friends list  Get a Link to this Reply
"Im sure they will be wholesaled....just like this lot."

Kevin504, Are you proposing these 225 envelopes will remain in the wholesale market? Don't they eventually have to get bought by collectors?
Send note to Staff  Go to Top of Page
Valued Member
United States
497 Posts
Posted 05/02/2015   4:18 pm  Show Profile Bookmark this reply Add jobi01 to your friends list  Get a Link to this Reply
Given the quantity, wholesale figured at $5 each for the entire lot is questionable. This amount now known to exist should depress the market value to about $20 each.
Send note to Staff  Go to Top of Page
Bill Lehr
US Postal Stationery Specialist
Pillar Of The Community
Learn More...
586 Posts
Posted 05/02/2015   5:22 pm  Show Profile Bookmark this reply Add ThomasGalloway to your friends list  Get a Link to this Reply
Currently there are 9 eBay "auctions" with these U646a's.

Only one is an actual auction. $91.20 and zero bids.

The B.I.N/B.O. "auctions" range from $59.50 to $250.

One of the Best Offer lots states there are "5 available".

It will be interesting to see the price of the next U646a sold.
Send note to Staff  Go to Top of Page
Pillar Of The Community
Learn More...
586 Posts
Posted 05/07/2015   08:31 am  Show Profile Bookmark this reply Add ThomasGalloway to your friends list  Get a Link to this Reply
The bulk lot of U646a's sold for $6.56 per envelope.

The one other auction ended with no bidders (min. bid $91.20).

Current (9) BIN/BO lots for U646a range from $59.50 to $250.00.
Send note to Staff  Go to Top of Page
  Previous TopicReplies: 8 / Views: 2,062Next Topic  
 
To participate in the forum you must log in or register.


Go to Top of Page
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 - 2021 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 - 2021 Stamp Community Forums
It took 0.28 seconds to lick this stamp. Powered By: Snitz Forums 2000 Version 3.4.05