Mystic Stamp Company Had A Good Year

I find it interesting to see that the Mystic Stamp Company, makers of the popular U.S. Heirloom Stamp Album, apparently had a good business year in 2011, offering its employees a quarter of a million dollars in bonuses this Christmas. It averages out to about $2000 per employee, and they apparently pay it twice a year. I was rather surprised, as I didn't think the stamp collecting business was quite so profitable, but then again, Mystic is one the big players with a hefty portfolio.

http://romesentinel.com/news?newsid...11214-142539

Good for them. Nice to see a company appreciate their employees

For $38.95, their Heirloom album is a great buy. Someone on SCF used the retail sales term "loss leader" a few days ago to describe selling a product at or below cost to get the customer into the store to hopefully buy other stuff. I think that's what Mystic is doing. It sets a great tone for new collectors and they then keep coming back to Mystic.

No, I don't work for Mystic, but I do love my American Heirloom album. They at least get my business for the annual supplements. Overall I find their prices are more expensive for supplies then many other sellers, and I'd never go there for US classics. They do come in handy if you have a "hole" in a series from around 1950 on. On several occasions, when I ordered a used stamp they sent a mint item instead, as they were unable to find a used one. Made a good impression to be dealt with that way. I'm glad they're being so successful.

Thanks for the news item, wt1

Have you ever looked at Mystic's stamp prices? They make good ole' H.E. Harris seem like a bargain...

For all their high prices, they must be doing a good business. Who is buying stamps from them? I have the Heirloom album and have bought supplies because I like their shipping charge---very reasonable. And yes I on occasion have bought a stamp or two. It is very convenient to be able to pick a single Scott number from their catalog and get that stamp.

As someone above said, it is convenient to fill a hole or two.

At the prices they charge, no wonder they have plenty of $$ to give out. I do like their catalogue though

I'm a fan of their business model, and the fact that even thru this
very tight economy they have indeed stuck to their advertising and
business promotion model