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Stamp Repair Fraud

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Pillar Of The Community
United States
8427 Posts
Posted 08/26/2015   8:48 pm  Show Profile Bookmark this topic Add floortrader to your friends list Get a Link to this Message
Some of the fun and games you find when you purchase large lots at auction . I can usually catch most of this while viewing the lot before bidding on the lot . But the sad part ,and what drives me nuts is when you got a ebay seller bidding against me for the lot ,they are bidding based on catalog value or you got someone bidding without seeing the lot ,but I already discounted out all the questionable stuff but they have no clue of the junk that was included in the estimate value .......more to follow .

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Pillar Of The Community
United States
8427 Posts
Posted 08/26/2015   9:00 pm  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
More repairs ,love this stuff ,especially when the seller adds catalog values under each repair stamp ,so the casual viewer can see the value .Notice how much bigger the perforations are inside the cancel .

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Pillar Of The Community
United States
8427 Posts
Posted 08/26/2015   9:12 pm  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
As everybody knows two halfs makes a whole .

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Pillar Of The Community
United States
8427 Posts
Posted 08/26/2015   9:30 pm  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
MORE REPAIRS----

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Pillar Of The Community
United States
7239 Posts
Posted 08/26/2015   9:56 pm  Show Profile Bookmark this reply Add bookbndrbob to your friends list  Get a Link to this Reply
Those are some of the most inept repairs I have ever seen. I hope the seller didn't fail to mention that the lot included damaged material.
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Pillar Of The Community
United States
2423 Posts
Posted 08/26/2015   10:06 pm  Show Profile Bookmark this reply Add KGB to your friends list  Get a Link to this Reply
And German stamps! What an insult to German craftsmanship!
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Pillar Of The Community
Australia
4031 Posts
Posted 08/26/2015   10:56 pm  Show Profile Bookmark this reply Add KGV Collector to your friends list  Get a Link to this Reply
Repaired stamps will sooner than later turn into fraud sale situations.

Very much full on against repairs, of any description.

It is just simply wrong.
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Bedrock Of The Community
United States
10623 Posts
Posted 08/26/2015   11:12 pm  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
It's wrong if an attempt is made to hide the repair on both sides, which is an invitation to fraud. If it is obvious from the back it can be ok. There are many scarce to rare stamps that are all but unknown without at least some repairs. This is particularly true of certain kinds of revenues such as some match and medicine stamps and taxpaids. Because of the way they were used some are are extremely scarce or even impossible to exist without repairs of some sort.
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Valued Member
United States
466 Posts
Posted 08/27/2015   06:43 am  Show Profile Bookmark this reply Add Crouse27 to your friends list  Get a Link to this Reply
Repairs are great when they are priced right. Generally between 2-5% of catalog value depending on severity and rarity of stamp.
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Pillar Of The Community
1515 Posts
Posted 08/27/2015   06:50 am  Show Profile Bookmark this reply Add Jenny2U to your friends list  Get a Link to this Reply
I don't really see fraud here - just bad repair jobs. And it hardly seems worth the effort as these stamps in good condition can be picked up for a small % of catalog value.
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Pillar Of The Community
United States
8427 Posts
Posted 08/27/2015   08:38 am  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
I GIVE UP -----somebody just shoot me !------------------------------Do some of you ever read what I write ? I clearly said these stamps were put in a large lot that was up in a stamp auction and they where figured into the total catalog of the lot . THAT IS FRAUD ,by someone trying to get a higher price for their consignment --------shees !! why do I post anything ?
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Pillar Of The Community
United States
526 Posts
Posted 08/27/2015   08:40 am  Show Profile Bookmark this reply Add Hieronymus to your friends list  Get a Link to this Reply
Jenny, perhaps the explanation is that some people just like to fix things up, get some satisfaction at repairing something to make it look better (not good, but better)??

Or these are practice repairs to help the repairer get up to speed in the craft.
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Pillar Of The Community
United States
526 Posts
Posted 08/27/2015   08:43 am  Show Profile Bookmark this reply Add Hieronymus to your friends list  Get a Link to this Reply

Quote:
these stamps were put in a large lot that was up in a stamp auction and they where figured into the total catalog of the lot . THAT IS FRAUD


Agree totally that it is total fraud. But the fraud took place in the marketing of the lot, not in the repairing of the stamps.

Repairing of stamps is neutral. What the owner of the repaired stamp does is where the moral specificity lies. A gun can be used morally or immorally. So can a toothbrush. Or a garden rake. Or a toasted cheese sandwich.
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Pillar Of The Community
1515 Posts
Posted 08/27/2015   09:10 am  Show Profile Bookmark this reply Add Jenny2U to your friends list  Get a Link to this Reply
Color me confused. How can a few badly repaired relatively low catalog items affect the value of a large lot? The value of most large lots is inflated anyway, with owners claiming full catalog value for stamps which are torn, thinned, faded or otherwise damaged. Would you also call this fraud?
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Pillar Of The Community
United States
2423 Posts
Posted 08/27/2015   09:18 am  Show Profile Bookmark this reply Add KGB to your friends list  Get a Link to this Reply
"The Case of the Toasted Cheese Sandwich."
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Pillar Of The Community
United States
845 Posts
Posted 08/27/2015   09:46 am  Show Profile Bookmark this reply Add HungaryForStamps to your friends list  Get a Link to this Reply
There are many different types of people and even stamp collectors. Also, not everything is profit motivated. Many times its simply completeness or making things look nice or filling spaces. Where you or I may be concerned with price and quality, others may be rule by different factors, such as obsession.

I can imagine a likely scenario in which this occurred "innocently". Some relatively casual collector, maybe obsessed with filling spaces, had some damaged stamps. This person wants them to look nice for whatever reason (Felix Unger type, OCD, just can't stand damaged stamps, or a lot of time on his hands), decides to repair these stamps. He writes the cat value under each stamp (again obsessively) and does not make a habit of reducing the value for damage/quality (most casual collectors don't because its a benchmark still applicable when the faulty stamp is replaced). The collector keeps a current total of rough cat value for when he kicks the bucket. This collector dies and leaves it to his wife. The collection gets consigned and auctioned.

Sure, there are lots of ways to frame this story different, such as the auction house pencil's in the values, but again, who did the work? Maybe its someone's niece employed for the summer.
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Edited by HungaryForStamps - 08/27/2015 09:48 am
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