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Replies: 9 / Views: 1,824 |
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Valued Member
Canada
5 Posts |
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I'm new at this. How do you put a value on a newer stamp that is not in the most recent Scott catalogue? I have a lot of new Canadian used stamps that I need values on so that I can sell them. Thanks.
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Pillar Of The Community
United States
2055 Posts |
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Scott follows a standard policy in valuing new issues for most countries. I don't know offhand what that policy is for Canada, but they basically treat all new issues the same, regardless of how scarce or common they may actually be. For some countries, used are valued the same as mint (i.e. 2x face), some countries are valued mint at 2x face and used at 1x face, some countries' used stamps are automatically valued at the minimum of 25 cents. If you have a recent Scott Catalog, look up the issues from the latest year in that catalog. The prices you see there will map well to new issues of the same denominations. |
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Pillar Of The Community
United States
808 Posts |
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It's amazing to me that Scott just decides that ALL stamps have a minimum value of $.25 I can buy most of them for much less than that in mint condition. I sure am glad Scott is the only one that agrees with itself.
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Member of the Central Oregon Stamp Club. Redmond, OR 97756 Mailer's Postmark Permit #1 APS 239403 |
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Pillar Of The Community
United States
526 Posts |
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The minimum .25 is based on handling costs. While the underlying "value" may be .02 or .03, a dealer who figures his overhead and time into the price he needs to achieve in order to stay in business will need .25. Of course, there are sellers out there who are just unloading duplicates for what they can get (considering what, to a dealer, would be "overhead" as just the cost of living in his own house) or selling in bulk or calculating in some other way.
But to handle an individual stamp as an individual stamp costs time and overhead. It is more common to sell/handle individual stamps from the classic era and more uncommon to sell one single stamp from the 1990s or 2000s. But Scott and other catalogues have to price these as individual stamps. The fact that they are rarely sold stamp-by-stamp is not figured into the catalogue price. You, as buyer, get the privilege of doing that. |
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Pillar Of The Community
2013 Posts |
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The OP is in Canada and want to sell New release of canadian stamps
to the OP ; If they are not yet in Scott , they are still in sale at post office so it's face value |
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| Edited by area66 - 04/29/2015 09:43 am |
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Pillar Of The Community
United States
808 Posts |
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The minimum value in a Catalog like Scott's should NEVER have dealer expenses figured into the value. I would venture a guess that more people use the books than vendors. Overhead is too big of a variable. While the OP is in reference to Canada, I believe the idea of value is worldwide. |
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Member of the Central Oregon Stamp Club. Redmond, OR 97756 Mailer's Postmark Permit #1 APS 239403 |
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Pillar Of The Community
United States
2055 Posts |
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Quote: The minimum value in a Catalog like Scott's should NEVER have dealer expenses figured into the value. At least in Scott, CV has always figured dealer expenses into the minimum value. CV is not supposed to be a "net worth" cost, but a retail price for qty 1 of that stamp purchased from a full service dealer. Scott goes into detail about this in the introduction to the catalog, going so far as to specifically state that bulk purchases of common stamps are not in fact worth the sum of their total values. Frankly, given the time and the expense of a glassine or approval card, 25 cents is proably too low for any one given stamp. I get some stamps on approval on occasion, including pretty common stamps sometimes. These are all marked with a catalog number and sometimes a year of issue or other information. The dealer had to take the time to look up the that information and write it down on the packaging, which probably costs around a 5 cents. Even if the stamp itself was free, that's a lot of hassle for a 20-cent profit when one has real world bills to pay. That practically falls into the category of a "loss-leader". They probably function that way for most dealers since they know that most of their customers need common as well as scarcer stamps, and they need to sell both to keep their customers happy. |
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Pillar Of The Community
United States
808 Posts |
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I can understand that. I come from a place that I've never lived near a stamp dealer. Plenty of coin dealers, but I have yet to see a stamp store other than the post office. I purchase my stamps online which a brick and mortar store has NO chance of competing with. I guess one must live in a big city to have a stamp store nearby. I've lived in many places on the west side, but no stores. It would be nice to actually see the stamps up close before buying, but I haven't been disappointed by the Bidstart sellers yet. |
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Member of the Central Oregon Stamp Club. Redmond, OR 97756 Mailer's Postmark Permit #1 APS 239403 |
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Pillar Of The Community
2333 Posts |
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It sounds strange to me that you've never lived near a brick & mortar stamp Store. I grew up in Barcelona (SW Europe), where I still live. Things have chaged but, back in the 60's,70's or 80's stamp shops were something very normal to be seen on the streets of many Western European cities. This was not true, I believe, in Eastern Europe, due to the socialist economy. |
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Pillar Of The Community
United States
808 Posts |
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Nope, just coins and tobacco. I imagine there is one in Portland, about 4.5 hours north. |
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Member of the Central Oregon Stamp Club. Redmond, OR 97756 Mailer's Postmark Permit #1 APS 239403 |
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