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Italian Postal Officials Dumping Old Stamps

 
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Posted 05/02/2019   11:06 am  Show Profile Check Stamps1962's eBay Listings Bookmark this topic Add Stamps1962 to your friends list Get a Link to this Message
I was reading the latest issue of the American Stamp Dealer and Collector last night and saw an article about an emerging scandal.
It seems members of the current government want the PO to sell off massive amounts of older stamps, some going back decades by public auction. Concerns are being expressed that this could shatter the stamp market for this collecting area.

I wasn't able to locate a clickable article about this. Anyone else see this story? I will keep Googling to find something I can link to on here.
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Edited by Stamps1962 - 05/02/2019 11:10 am

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Posted 05/02/2019   12:27 pm  Show Profile Check GeoffHa's eBay Listings Bookmark this reply Add GeoffHa to your friends list  Get a Link to this Reply
The Italian post office was going to do this in the 1960s - I recall notes in SG catalogues, and asterisks against potentially affected stamps/prices, which included some of the more expensive stuff. Opportunity to pick up those expensive items for a song!
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Posted 05/02/2019   3:59 pm  Show Profile Check Stamps1962's eBay Listings Bookmark this reply Add Stamps1962 to your friends list  Get a Link to this Reply
According to the article this is the same hoard they tried to unload previously and bombed. They apparently had reserves that were too high, Savvy dealers knew the release of all these would depress the market for decades. It's apparently not known what is in there but reference was made to material going back to the Papal States!

The article seems to imply this bad idea got a new lease on life when the new Italian government took power recently (Rightist and Euro-Skeptic).
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Posted 05/02/2019   4:12 pm  Show Profile Check GeoffHa's eBay Listings Bookmark this reply Add GeoffHa to your friends list  Get a Link to this Reply
Is it a scandal, though? Collectors over the years have chosen to assign in some cases high prices for things that have no intrinsic value. Now anyone who wants those odd air-mail issues from the 1930s has the prospect of owning them. I'll try to find the ancient text from SG and scan it.
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Posted 05/02/2019   6:02 pm  Show Profile Bookmark this reply Add modernstamps to your friends list  Get a Link to this Reply
Very interesting. Please keep us posted if they follow through with this.
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