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!

Help With Valuing An Extensive Worldwide Collection

Next Page    
 
To participate in the forum you must log in or register.
Author Previous TopicReplies: 33 / Views: 1,816Next Topic
Page: of 3
Valued Member

United States
280 Posts
Posted 12/02/2018   4:28 pm  Show Profile Bookmark this topic Add Willwood42 to your friends list Get a Link to this Message
So as I mentioned in another post a friend of mine partially inherited a nice world wide collection from her father. She is considering buying out her siblings so that she might continue with her father's work, and I am trying to help her figure out what a fair market value might be for the collection so she could do that. The catalog value of the collection is probably between $40-50,000 dollars based on my 2006 Scott catalog. I cut CV in half for all stamps less than very fine. There are some very nice stamps in the collection (see scans), but nothing outstanding that would lead me to believe that consigning it to a large auction house would be the way to go. Based on what I have seen on eBay, I thought 25% of CV might be appropriate for the GB#1 and some of the other quality stamps but how does one value 29 copies of GB#28. Also does anyone have a feel for what a dealer might offer. I have a relatively large collection of WW stamps (100,000 dif or so) but have no expertise selling them.
Thanks for any insight

For the curious the $ notations next to many of the stamps are what the father paid for them in 1935. BSL stands for "bought Selfridges London"







Send note to Staff

Moderator
Learn More...
8034 Posts
Posted 12/02/2018   4:44 pm  Show Profile Check 51studebaker's eBay Listings Bookmark this reply Add 51studebaker to your friends list  Get a Link to this Reply
Wow, the cheap, toned paper really pops out on stamps like this. First thing I would do is invest in some Vario pages which would then assist with understanding the condition of the better material. Hopefully they are mounted with vintage Dennison hinges. Only once I had an understanding of the condition would I then try to estimate value.
Don
Send note to Staff  Go to Top of Page
Pillar Of The Community
France, Metropolitan
2596 Posts
Posted 12/02/2018   4:56 pm  Show Profile Bookmark this reply Add perf12 to your friends list  Get a Link to this Reply
with Inflation 2.00$ in 1935 is like 35.00$ today !
Send note to Staff  Go to Top of Page
Pillar Of The Community
United Kingdom
4787 Posts
Posted 12/02/2018   5:20 pm  Show Profile Bookmark this reply Add GeoffHa to your friends list  Get a Link to this Reply
As a rough guide, a decent 4-margin 1d black (ignoring plating) would sell for around 100 at auction. Worth checking the embossed to ensure that they're stamps, rather than from postal stationery - I think only one of them has the desired four margins, though.
Send note to Staff  Go to Top of Page
Pillar Of The Community
Learn More...
4369 Posts
Posted 12/02/2018   5:35 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
This is the type of collection that Kelleher sells all of the time. The estimate is usually set at 10 -15 percent of cv for stamps with the centering and in the general condition shown. Bidding starts at half of the low estimate. How well it does depends upon many variables but in general it will sell for around 5 percent of cv or get a few bumps. I see it realizing between 2500 and 5000, more likely towards the lower end because the buyer pays 20% commission. You will pay 20% commission as well. You can search for yourself on Kelleher's website or on SAN. their current auction has many such collections. Of course there is the chance that it is passed but these types of collections do seem to sell when estimated conservatively.
Send note to Staff  Go to Top of Page
Pillar Of The Community
France, Metropolitan
2596 Posts
Posted 12/02/2018   6:13 pm  Show Profile Bookmark this reply Add perf12 to your friends list  Get a Link to this Reply

Send note to Staff  Go to Top of Page
Valued Member
United States
280 Posts
Posted 12/02/2018   6:47 pm  Show Profile Bookmark this reply Add Willwood42 to your friends list  Get a Link to this Reply
Thanks everyone for the feedback. A few notes.

I had to cut the resolution on the scans (except for the penny blacks) in order to meet the 200k limit for uploads,
I think that might be a bigger issue than the cheaped toned paper (at least I think it is acid free) in evaluating the condition of the stamps. Since they are not my stamps, I am not at liberty to do anything with them at the moment, but I will make the suggestion.

For GB#5 two have four margins, but both are creased, GB#7, two have almost four margins (right and left of stamp design used as cutting guide by mailer), one is postal stationery

In the past couple of weeks I have seen the penny black go for between $47 and $140 on eBay depending on condition, it is figuring out how to maximize return on 29 Scott GB#28 without flooding the market.


As Rodgcam, notes Kelleher sells this type of collection all the time, and I am sure they do, but it is also my understanding that they would sell it as a single lot, whereas an eBay consigner would probably break it into many more lots which would tend to increase the realized price. These are guesses on my part since I have no expereince with either.
Send note to Staff  Go to Top of Page
Pillar Of The Community
France, Metropolitan
2596 Posts
Posted 12/02/2018   7:21 pm  Show Profile Bookmark this reply Add perf12 to your friends list  Get a Link to this Reply
Frankly I would sell the stamps individually.Depending on the condition.Putting a
collection in 1 block for sale is very risky.They will look through the collection
and the first thing they will see is defective stamps,and that will throw the price
way down in their estimations.All defective stamps could be sold in small lot's.That way
it will not devaluate the rest.Plus you will have too wait weeks through an auction house
and pay 20% plus ...This kind of thing you can only do once..Who knows what is in store in the coming months?
Send note to Staff  Go to Top of Page
Pillar Of The Community
Learn More...
4369 Posts
Posted 12/02/2018   7:54 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
How long and how much work will it take to sell stamps one at a time and how many will sell? If you pick out the good ones the rest will fetch nothing. All at once is the way to go. My experience for what it is worth.
Send note to Staff  Go to Top of Page
Pillar Of The Community
Canada
894 Posts
Posted 12/02/2018   10:22 pm  Show Profile Bookmark this reply Add No1philatelist to your friends list  Get a Link to this Reply
Don is right. Get the owner to carefully remove the stamps from those cheap old scribbler pages that are definately not acid free. If they are on hinges leave the hinge piece on the back of the stamp so they will not be thinned as they can always be removed by somone knowledgable if she is not. Just keep them in the same order as the #s on pages.

As for the #4 Canadian beavers, too bad some chewed the corners off! Some may have varieties, while the others look ok and if not damaged will fetch an average of $50.cd each or more at auction. The 6 pence Prince Albert has four small margins, but a heavy cancellation and if not thinned or creased may do fairly well. I believe it may be #2 or 5. Cannot tell from present photo.

Good luck.

Mike
Send note to Staff  Go to Top of Page
Valued Member
United States
280 Posts
Posted 12/02/2018   10:42 pm  Show Profile Bookmark this reply Add Willwood42 to your friends list  Get a Link to this Reply
Thanks Mike,

The Alfred is a 5, and the stamp underneath is a 1. With respect to the #4 beavers with the chewed off corners, we have to remember that is what beavers do


Will take Don's advice, and suggest the stamps be removed from the current pages.

Send note to Staff  Go to Top of Page
Pillar Of The Community
Singapore
723 Posts
Posted 12/02/2018   11:37 pm  Show Profile Bookmark this reply Add pennyblackie to your friends list  Get a Link to this Reply
Selling a few stamps a lot makes sense. The penny blacks, penny blue and the embossed one are quite desirable on eBay. I may consider bidding on your penny blue and one of the embossed stamp if you put that up on eBay (of course I need to examine the scans).
Send note to Staff  Go to Top of Page
Edited by pennyblackie - 12/02/2018 11:39 pm
Pillar Of The Community
United States
523 Posts
Posted 12/03/2018   01:13 am  Show Profile Bookmark this reply Add danko to your friends list  Get a Link to this Reply
As a lot to a dealer in your area $300 top. To sell it individually, probably will take about a month of soaking, sorting, scanning, listing, selling, shipping; if listed with a very low starting price like, I mean very low like $0.01. If starting with 5-10% of the catalog value (about a retail value of your stamps) may take longer. If someone asked me to by it, I would not pay more than $100.
Send note to Staff  Go to Top of Page
Pillar Of The Community
United Kingdom
4787 Posts
Posted 12/03/2018   06:25 am  Show Profile Bookmark this reply Add GeoffHa to your friends list  Get a Link to this Reply
Anyone who got that lot for $100 would be a lucky boy or girl.

As the original question implied that the wish was to keep the collection, but buy out the other co-owners, surely the most practical proposition is to get an estimate of likely sale value from an auction house, then make a decision on whether a buy-out is affordable.
Send note to Staff  Go to Top of Page
Bedrock Of The Community
Learn More...
Australia
29346 Posts
Posted 12/03/2018   07:05 am  Show Profile Bookmark this reply Add rod222 to your friends list  Get a Link to this Reply

Quote:
As the original question implied that the wish was to keep the collection, but buy out the other co-owners, surely the most practical proposition is to get an estimate of likely sale value from an auction house, then make a decision on whether a buy-out is affordable.


Heartily agree.
My route would to approach my local Perth dealer, offer to pay whatever, $50- $100? Cash for an on-site appraisal, (not letting it out of my sight) with a signed written quote.
Fortunately, I know my dealer, if not, I would get 2-3 quotes, then take a median. I'd have it finished in a day.

Wouldn't touch the collection at all, the toning etc is working in the vendors favour, why upgrade, when that is going to cost you?



Send note to Staff  Go to Top of Page
Moderator
Learn More...
8034 Posts
Posted 12/03/2018   07:09 am  Show Profile Check 51studebaker's eBay Listings Bookmark this reply Add 51studebaker to your friends list  Get a Link to this Reply
Owner is not trying to sell, she needs to determine value so she can settle the estate with her siblings. Since a mis-step in determining value could lead to damaged family relationships, understanding the condition of the stamps seems pretty important.
Don
Send note to Staff  Go to Top of Page
Page: of 3 Previous TopicReplies: 33 / Views: 1,816Next Topic  
Next Page
 
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 - 2020 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 - 2020 Stamp Community Forums
It took 0.83 seconds to lick this stamp. Powered By: Snitz Forums 2000 Version 3.4.05