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Scott CTO Pricing

 
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Pillar Of The Community

United States
729 Posts
Posted 05/22/2012   1:30 pm  Show Profile Bookmark this topic Add danko to your friends list Get a Link to this Message
A couple of questions came up.

I know that for some countries with abundant modern CTO stamps, e.g. Russia, Scott has a not that pricing for used examples are for CTOs. However, there are a ton of little countries with abundant CTOs, e.g. Guyana, Guinea, but no information regarding CTOs. My assumption is that used values are postally used examples, and CTOs ain't worth a lick. Is this a correct assumption?

Another question regarding stamps that does not have pricing for used examples in Scott at all, e.g. St. Thomas and Prince. I assume that there were no postally used examples, and again CTOs ain't worth a lick. Is this a correct assumption?
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Pillar Of The Community
United States
729 Posts
Posted 05/22/2012   1:43 pm  Show Profile Bookmark this reply Add danko to your friends list  Get a Link to this Reply
There's this note in Scott, but it doesn't answer my questions.

Some countries also issue stamps canceled-to-order (CTO),
either in sheets with original gum or stuck onto pieces of paper or
envelopes and canceled. Such CTO items generally are worth less
than postally used stamps. In cases where the CTO material is far
more prevalent in the marketplace than postally used examples, the
catalogue value relates to the CTO examples, with postally used
examples noted as premium items. Most CTOs can be detected by
the presence of gum. However, as the CTO practice goes back at
least to 1885, the gum inevitably has been soaked off some stamps
so they could pass as postally used. The normally applied postmarks
usually differ slightly from standard postmarks, and specialists are
able to tell the difference. When applied individually to envelopes
by philatelically minded persons, CTO material is known as favor
canceled and generally sells at large discounts.
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Valued Member
United States
191 Posts
Posted 05/22/2012   2:01 pm  Show Profile Bookmark this reply Add DStamp to your friends list  Get a Link to this Reply
Scott is ambiguous on this issue for many countries.
I guess collectors are expected to 'know' which counties are valued as CTO.

Most sellers seem to use the 'used' value as the basis for CTO sales, leaving it up to the buyer to decide how much they want the stamps offered.
This seems especially true with topical issues and collectors who don't want to pay the NH premium on older (up to 1970s?) material.
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Pillar Of The Community
United States
729 Posts
Posted 05/23/2012   10:34 am  Show Profile Bookmark this reply Add danko to your friends list  Get a Link to this Reply
That's the problem.

The purpose of the catalog is to provide guidance when buying and selling stamps. As far as I know Scott sucks it that big time. The catalog pricing is oriented at the dealer, but that kind is almost extinct now; 99% of the transactions made online.

For a while now I've been thinking that it is time to ditch those catalogs, and establish an open source, uniform, online database, so everybody can download any file of interest, and submit up-to-date pricing information for different grades of the stamps.

It is so easy to do, so I'm really surprised it's not done yet. I guess current generation of stamp collectors wasn't born with i-phone in their hands
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Pillar Of The Community
United States
4106 Posts
Posted 05/23/2012   11:28 am  Show Profile Bookmark this reply Add stampvirgin to your friends list  Get a Link to this Reply
CTO's are generally accepted to worth less then Used examples.

St. Thomas is in the scott catalog... I don't have mine handy at the moment to tell you where. But look in the back of an album where all the countries are listed by name and it will tell you what album and page to go to.
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Pillar Of The Community
United States
729 Posts
Posted 05/23/2012   3:11 pm  Show Profile Bookmark this reply Add danko to your friends list  Get a Link to this Reply
stampvirgin

Thank you for advise, but my problem is that for St. Thomas, and many other countries, Scott often gives prices for unused stamps only when it comes to modern stamps 1980s-90s,at least in my 2008 catalog. One of the seller on ebay said, in his lot of CTOs, that Michele has a note which state that prices are the same for unused and used. But I'm not buying that. To me unused copy worth much more than CTOs.

There aren't many CTOs for sale on ebay and other auction, but their prices are all over the place. So it is a pain in the neck to come up with good estimate for those stamps.
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Valued Member
United States
432 Posts
Posted 05/23/2012   7:14 pm  Show Profile Bookmark this reply Add Ajnabii to your friends list  Get a Link to this Reply
What about countries (ex. the former USSR, Bulgaria, DDR etc ) where the choices are either MNH or CTO... postally used is hard to find (if not nonexistent)?
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Pillar Of The Community
Australia
4031 Posts
Posted 05/24/2012   03:47 am  Show Profile Bookmark this reply Add KGV Collector to your friends list  Get a Link to this Reply
danko I am with you on cataloges. I have become my own cataloge on Australia stamps over the last 2 years. It is all about what the online buyer will pay. On a whole buyers are very good with their prices that they will pay for their stamps online. Online buyers are the cutting edge of the modern stamp prices. That is where it is all happening.

Quote from danko


Quote:
For a while now I've been thinking that it is time to ditch those catalogs, and establish an open source, uniform, online database, so everybody can download any file of interest, and submit up-to-date pricing information for different grades of the stamps.

It is so easy to do, so I'm really surprised it's not done yet. I guess current generation of stamp collectors wasn't born with i-phone in their hands


Quote from wt1 that I like very much!


Quote:
Bottom line for any catalog is that the prices quoted are only guidelines at best and the true value of any specific stamp relates to the willingness of a buyer and seller to agree upon a mutually acceptable price at the point of sale.
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Pillar Of The Community
Learn More...
United States
3046 Posts
Posted 06/10/2012   09:11 am  Show Profile Bookmark this reply Add apastuszak to your friends list  Get a Link to this Reply
I know this is technically cheating, but if you take a bunch of CTO stamps and soak the gum off the back, is there any way to tell the difference between these and actually postally used stamps?
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Rest in Peace
Canada
6750 Posts
Posted 06/10/2012   09:37 am  Show Profile Bookmark this reply Add Puzzler to your friends list  Get a Link to this Reply

Quote:
. . . is there any way to tell the difference between these and actually postally used stamps?

The cancel is the telling feature in how to tell the difference. It is usually placed on a corner so the printing press (or postal clerk in rare instances) can cancel four stamps at once. It is the same cancel on all stamps of that series. This would not happen in real life.

Real cancels are usually more messed up and dated differently and with different place names even. And in different positions.
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Pillar Of The Community
Finland
753 Posts
Posted 06/10/2012   11:38 am  Show Profile Bookmark this reply Add scb to your friends list  Get a Link to this Reply

Quote:
I know this is technically cheating, but if you take a bunch of CTO stamps and soak the gum off the back, is there any way to tell the difference between these and actually postally used stamps?


Yes. I'd say that most "advanced" worldwide collectors have inbuilt "instinct" for detecting CTO's. This is mainly due to handling/seeing thousands and thousands of stamps.

But it's also about knowledge. If you take for example East Germany, even the basic editions of Michel list known CTO-cancellations (location + dates used/printed). And when you dig in deep enough and read specialized literature, similar listings appear for a lot of countries where CTOs have been used.
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