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Recommendations Of Stamp Auctions - For Smaller Budgets

 
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Author Replies: 11 / Views: 354Next Topic  
Valued Member
United States
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Posted Yesterday   3:50 pm  Show Profile Bookmark this topic Add paulsmoe to your friends list Get a Link to this Message
In addition to purchases from dealers, I have acquired some stamps (and in some cases, collections of stamps) in on-line auctions. Some have been run by stamp dealers, and others have been ebay auctions. I have generally been satisfied with the results of the auctions, and feel like I have been treated fairly (even when I didn't have the highest bid). But I have only looked at a couple of auction sites, and I know there are more out there.
Do the members of this community have any recommendations with respect to online auctions for collectors with smaller budgets? (Would the answer be different for collectors with larger budgets???) There may be sites that I'm simply not aware of. Also, are there auction sites or practices that newer collectors should look out for?
Thank you all in advance for any recommendations.
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Bedrock Of The Community
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Posted Yesterday   4:00 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
I highly recommend Modern Stamps on Stamp Auction Network for inexpensive stamps. What areas are you interested in?
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Bedrock Of The Community
United States
10764 Posts
Posted Yesterday   4:42 pm  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
Also Dutch Country.
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Pillar Of The Community
United States
8547 Posts
Posted Yesterday   5:15 pm  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
We would need to know more about you ,what your looking for and something about dollars spend There is no one answer for everybody .
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Valued Member
United States
38 Posts
Posted Yesterday   8:21 pm  Show Profile Bookmark this reply Add paulsmoe to your friends list  Get a Link to this Reply
Thanks for the quick replies. I am focused on US stamps, including regular issues, commemoratives and "back of the book" stamps. With respect to the "smaller budgets" comment, I was thinking of collectors that don't plan to spend more than $500 in any given auction - but ultimately I am interested in any auction that is geared toward individual collectors, rather than (for example) sales of inventory to dealers. I expect that there won't be a consensus, or even that each respondent will recommend only one auction site. Instead, please suggest a couple of auction websites, and I (and hopefully others) can peruse them and try out a few.
Thanks again!
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Pillar Of The Community
United States
8547 Posts
Posted Yesterday   9:43 pm  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
Rasdale Stamp Company in Chicago and Dutch Country Auctions in Delware . Both companies have good service and I been with both , one for 60 years and 15 years . Both have material that will be in the areas you posted .
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Edited by floortrader - Yesterday 9:44 pm
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Posted Yesterday   10:52 pm  Show Profile Check eyeonwall's eBay Listings Bookmark this reply Add eyeonwall to your friends list  Get a Link to this Reply
I have heard Rasdale's next auction will be their last one.
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Pillar Of The Community
United States
8547 Posts
Posted Yesterday   11:50 pm  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
EYEONWALL ---- Just checked their event calendar , everything after the October 17-18 ,2026 auctions is blank .
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Posted Today  7 Hrs 55 Min ago  Show Profile Bookmark this reply Add GMC89 to your friends list  Get a Link to this Reply
I agree with the above suggestions, with the caveat that any auction will have overpriced and underpriced items. It is more important to know the market for the material you seek.With that in mind all auctions are game. I recommend Kellehers and Cherrystone also, if you know the market on the stamps you are pursuing. Lately I have sat through Cherrystone's auctions, and have reasonably bought some very nice material. It's important to know your market.
cheers m
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Bedrock Of The Community
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Posted Today  7 Hrs 46 Min ago  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply

Quote:
I was thinking of collectors that don't plan to spend more than $500 in any given auction


That changes things since most of the auctions on Stamp Auction Network apply. Even the larger houses have a good selection under $500.

What I always keep in mind are the commission rate, shipping costs and extension policies. The shipping is a big one because a number of auction houses seriously "pad" that item IMO. Like $25 minimum and shipping you a $100 set of stamps costs you $25. With the commission you pay more than retail at a brick and mortar shop. No thanks.
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Pillar Of The Community
United States
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Posted Today  6 Hrs 7 Min ago  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
A first time auction buyer should do the same thing I look at as a long term buyer of stamp auction material .

You need to spend some free time well before you decide to spend money . at a stamp auction . Spent time looking at previous stamp auctions understand both quality and price . Find what rings your bell for attention .

For me I am looking for that lot that normally never shows up at auction ,something that is hard to find at public auctions . A few years back I was looking for stamps from Cape Juby ,when a country collection appeared at auction it was something I was ready to fight and pay up to get it . This same approach can be done by a early U.S. collector when a high quality stamp appears that has not appeared for auction over the past few years .

It is the hunt that keeps you going not the price . Buy that item that stands out for your collection
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Edited by floortrader - Today 5 Hrs 39 Min ago
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Posted Today  6 Min ago  Show Profile Bookmark this reply Add ZebraMan to your friends list  Get a Link to this Reply
Good recommendations from all. I agree with floortrader's advice to browse past sales before jumping in head first with a big purchase. Don't let the excitement of an auction competition get the best of you and bid more than something is worth. Do your research, set a price limit on the stamp, and stop bidding at that limit. Unless it is something very scarce, chances are another copy of the same stamp will come up for auction in a few months that may sell for less.

And yes, the typical 20% buyer's commission and potential sales tax will increase your top bid even higher. That said, good deals are often found in auctions. Kelleher's weekly sales (closing almost every Sunday night at 9 PM Eastern) have a wide range of US items at all price ranges. While not as fun as a live auction, you are likely to find something useful at their weekly sales, and sometimes be able to win at the opening bid. Here is a link to their sale closing tonight.
https://stampauctionnetwork.com/V/V5336.cfm

A word of caution however, unlike most "Live" auctions where the winning bid is one increment above the next highest bid, at Kelleher's sales, if your bid is below the estimate, then your bid is your bid, regardless of any lower bids.

For example, if the estimate is $100, and the opening is $25 and the next highest bidder is $35 -- if you bid $50 at this sale and win, you pay $50. At other auctions, if you bid $50, you would pay $40 (one increment above the next highest bidder of $35). If you bid above their estimate, then the normal rule of one increment above the next highest bidder does apply.

Stamp Auction Network is the best aggregation of the major stamp auctions in the US (and some International). Another one worth mentioning (that is not listed on SAN) is Golden Valley Stamps in Minnesota. https://www.gvstampauctions.com/

These happen about once a month and have the unique feature of a "soft close". Unlike e-bay where there is a fixed ending time, this auction prevents sniping by extending the closing time by 5 minutes after the last bid. Interesting feature, kindof a hybrid between an Internet auction and a live auction.

Good luck and have fun!
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