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Replies: 26 / Views: 6,612 |
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Pillar Of The Community
Canada
6525 Posts |
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Having scrolled through the images I'd have to say very impressive indeed. Though far too many pics of the spines, as far as I'm concerned. Would like to have seen more inside. I would think the sellers could get a lot more, had have it sold faster if they went through a major auction house. A very pretty collection indeed, but as far as I'm concerned when you purchase an entire collection like that, you are acquiring, not so much collecting. |
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Bedrock Of The Community
United States
10588 Posts |
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I have examined collections of 100-150 albums, and any collection of this size that was actually worth anything close to what is being asked for here would be in a major auction house a few countries at a time. It would not be sold in a bulk lot like this. I suspect that it contains a lot of the less expensive material, but that anything above a certain level (depending on the original collector it might be any where from $25-$100) is either missing or not a sound example. The description is FAR too general, it is clearly heavy on modern material, and the probability is that the real value at auction of each album is closer to $250-$500 than the $2300+ each they are claiming. As I said, albums actually worth $2300 at auction go to auction, they don't get sold like this in a bulk dealer lot. |
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Pillar Of The Community
United States
4079 Posts |
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Rev, while you are probably right that itr isn't worth what is being asked, it is also possible the seller is an heir that is clueless as to how to properly sell it (Nobel Spirit is just an auction agent). |
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Bedrock Of The Community
United States
10588 Posts |
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They claim 50 years as stamp and coin wholesalers. They are supposed to know the value of what they sell. And they should know how to write a description properly by now. They are looking for an investor/sucker to take it off their hands; no legitimate dealer would buy this the way it is written up or priced. |
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Pillar Of The Community
3859 Posts |
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It is usually better to break down such a worldwide collection into separate country lots. However, some countries will sell off fast and others will not sell off as fast. The leftovers are then usually combined into one lot after some time and discounted. |
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Pillar Of The Community
United States
3568 Posts |
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Pillar Of The Community
United States
1847 Posts |
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As a data point, the Spink auction scheduled for January 21 in New York includes, as lot 863, a "worldwide massive collection of many tens of thousands of different mint and used singles, sets, souvenir sheets, etc., mounted on mostly Minkus album pages and housed in 327 various sized binders ... filling 26 large cartons." The auction estimate is USD$4,000 to $5,000.
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Moderator
1589 Posts |
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Was this a US collector? If so, could they just be trying to establish a maximum value for estate purposes? I have often wondered how substantial collections get valued for purposes of determining estate tax liability. |
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Pillar Of The Community
United States
2830 Posts |
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Interestingly, the price was dropped by $150,000 to $475K. Personally, I'd not only break it down into country lots but if there are high value sets or singles, I'd part those out as well since advanced collectors are always looking for scare, high-value material to add to their collections.
Floortrader- would LOVE to see some images of your collections. Would be very enjoyable. |
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Valued Member
United States
447 Posts |
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Stunning to see hundreds of albums in a single collection! Did the collector do nothing but purchase and hinge stamps 20 hours each day for 40 years?
As a more recent collector of US classics, since 2011 I've been attempting to gauge the true stamp market valuation reality. When bidding on an album or lot I try to stay below 20% of SCV for those issues that I want if I can estimate their value. Yet I frequently see winning purchases for higher value US classics to approach 50% or more SCV. It appears as many of us collect and gather all the lower denominations in a set, some folks will break the bank to haul in the 30 cent or 90 cent Pictorials (#121 & #122), or the $2, $3, $4 or $5 Columbian, or a Zeppelin.
Also very interesting to see the "catalog" price for a particular stamp to jump many percentages in valuation between 2010 and 2014, while other stamps depreciate significantly in value during the same period. How are the common stamp prices determined? I have 3 US references which often disagree: Scott Specialized Cat., USPS Guide to US Stamps, and Official Blackbook Price Guide to US Postage Stamps published by House of Collectibles.
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Pillar Of The Community
Finland
753 Posts |
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Quote: Did the collector do nothing but purchase and hinge stamps 20 hours each day for 40 years? Just good old persistence in there, an hour or two per day through decades... That's all it takes. |
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Replies: 26 / Views: 6,612 |
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