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Article In The Financial Times: "Collecting Rare Stamps Is An Investment In Oddity"

 
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Author Previous TopicReplies: 9 / Views: 516Next Topic  
Valued Member
United States
84 Posts
Posted 05/08/2021   7:16 pm  Show Profile Bookmark this topic Add gvol21 to your friends list Get a Link to this Message
Always good to see mainstream press coverage - something good that hopefully comes out of the upcoming Magenta sale. https://www.ft.com/content/48772d7c...eec13a7f6b3f

A few excerpts... and the comments section is worth a perusal!


Quote:
Stamp collecting started out as a children's or woman's hobby: in the 19th century, Punch magazine identified it with "the industriously idle ladies of England". But as boys grew to middle age and trading stamps became as alluring as collecting them, it skewed male.

"The journey has been that they build a boyhood collection and perhaps they trade with friends. Then football takes over but as they approach retirement or slow down, their affection for stamps come back and they have more disposable income to pursue it," says Victoria Lajer, managing director of Stanley Gibbons, the world's longest established rare stamp merchant.

Philately combines the aesthetic pleasure of collecting craft designs with social history and geography. The hunt for a last stamp to finish off a collection also appeals to the compulsive side of many collectors they share the urge to complete a quest.

It is hard to become a top collector and gain the respect of peers. Philately demands greater dedication and investment of time than buying art: a rich enthusiast can buy a painting worth $1m with some professional advice but amassing a stamp collection of that value may be a lifetime's work. Status is not acquired easily.

But there is also logic to the exceptional value that philatelists attribute to mistakes stamps printed with the wrong plates or in a peculiar way, rather than being made as intended. Rarity is hard to achieve when stamps are printed in their millions, and special and commemorative editions are increasingly common: most rare stamps date from the 1950s or before.


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Valued Member
United States
82 Posts
Posted 05/08/2021   7:52 pm  Show Profile Bookmark this reply Add oldboldandbrash to your friends list  Get a Link to this Reply
Leave it to the ever enterprising Financial Times to lock out non-paying viewers. Someone care to share these comments? :(
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Valued Member
United States
84 Posts
Posted 05/08/2021   8:26 pm  Show Profile Bookmark this reply Add gvol21 to your friends list  Get a Link to this Reply
Ah, didn't realize it's behind a paywall. Try Googling the headline and click from there - that usually works!
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Pillar Of The Community
916 Posts
Posted 05/09/2021   02:56 am  Show Profile Bookmark this reply Add NSK to your friends list  Get a Link to this Reply
Whereas the inverted Jenny is an error, the article is mostly on the upcoming auction of the Magenta British Guyana stamp. I fail to see why that is a "mistake."
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United States
3087 Posts
Posted 05/09/2021   06:52 am  Show Profile Bookmark this reply Add angore to your friends list  Get a Link to this Reply
What an opinion piece and strange logic.
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Al
Pillar Of The Community
United States
5442 Posts
Posted 05/09/2021   08:38 am  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
GOVL21 ----- When you cross over from stamp collecting as a hobby to stamp investing ,you lose 90% of the people .

Very few people understand the laws and principles of investing . The public and most readers here have a mistaken idea of investing ,they do understand parts of the concept of investing .Investing is a complex area of study and you have to be clear of what type of investing your talking about .
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United States
1565 Posts
Posted 05/09/2021   10:04 am  Show Profile Bookmark this reply Add Climber Steve to your friends list  Get a Link to this Reply
"very few people understand the laws and principles of investing......"

I think it was Peter Lynch, the manager of the highly successful Fidelity Magellan mutual fund in the 1980s & 1990s who said: "if I don't understand it, I don't buy it.
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Pillar Of The Community
United States
5442 Posts
Posted 05/09/2021   10:26 am  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
Steve ---Very true .

Knowing what your buying is important .

Floortrader said ---If you don't understand yourself then don't invest ......It took me many years and a lot of crying and self -deafting to learn about myself and how I react to the markets .You are your own worst thing that can happen to your financial welfare .
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Valued Member
United States
82 Posts
Posted 05/09/2021   12:56 pm  Show Profile Bookmark this reply Add oldboldandbrash to your friends list  Get a Link to this Reply
Stamp investing is a joke. The only way to win big in stamps is to buy low and sell high. Meaning by definition the only way to make money on stamps is to take from the people who don't know what they have, which is always a little sad, and then sell to big buck collectors. Stamp dealers sure aren't making money by sitting on a million dollars in stock, and it can be near impossible to find the right buyers when all you have are expensive things. Why else do dealers leave huge estates when they unfortunately pass.

hey, that's 50 posts
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United States
84 Posts
Posted 05/09/2021   6:23 pm  Show Profile Bookmark this reply Add gvol21 to your friends list  Get a Link to this Reply
Can't say I agree with the article, but as far as I'm concerned, when it comes to the hobby, any press (particularly in the 'mainstream' press) is good press!
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