Hi CollGStamps. Very interesting.
Quote:
I've read your kiloware manifesto, KGV. It might be fun to sell, yet no fun to buy someting as expensive on paper (paper = 50% of the weight at the very least, also a minimum of 10% faulty) paying in addition for the shipping which is very pricy my way. Also one does not know exactly what is in there. In one of the lots I bought (not too expensive though) I had a few hundred ElizII penny values of 1960s included, in a different lot - all kind of other uninteresting small denominations en mass. So I concentrate on easier areas, yet when I see good Australia at sensible price, I tend to buy.
If a buyer does not know who or where the kiloware is coming from I agree very much with you.
But I do know where and who my kiloware comes from and that is very much to my advantage. To have experience in this buying area takes a lot of worry out of buying expensive kiloware. It makes the difference between a good profit or not so good profit.
A kg of Australia on paper close clipped has about 5,000 stamp in it. A kg of Australia off paper has about 15,000 stamps in it.
The not sorted $20 per kg kiloware on paper all 60c letter rate, when sorting has a reject rate of about 80% to 90% on a good day.
The sorted $60 per kg kiloware on paper all 60c letter rate, when sorting has a reject rate of about 20% to 10%.
Interesting to do the math. I know what I will get and the $60 kiloware works out cheaper for mailing as well. But I am always looking for 20% keeper kiloware at $15kg mailed but it only comes to me unsorted from 2 sources that I know of and I must buy 10 to 15 kgs at a time. Which equals a good amount of sorting time at one go.
It is interesting to break down the cost of a $2,000 kg on paper Australia International Post kiloware. Most of the damaged stamps are removed. But about 5,000 stamps breaks down to 1,000 stamps that sell for $5 each. Another 1,000 stamps $3 each. Another 2,000 stamps $2 each and a 1,000 stamps of heavy cancels or "as common as" low values.
We have a huge amount of stock of this kiloware processed and in stock books. On stand by we would have about a kg of kiloware on paper of the more common stamps that have a value of about $2. We are always looking for the very hard to get and hard to get stamps in small off paper lots. By buying these stamp off paper it stops a lot of damaged stamps getting through.
There is more profit in 60c kiloware than International Post stamps.
We have sent kiloware back to where it has come from as well!
Posted 01/21/2014 01:38 am
Well this is how much a penny red cost!
