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The Folly Of "Investing' In New Issues - 1958 Brussels World's Fair Imperfs

 
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Bedrock Of The Community
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Posted 04/05/2023   3:54 pm  Show Profile Bookmark this topic Add rogdcam to your friends list Get a Link to this Message
Thought that this was interesting. The current Sparks auction just hammered an imperf set of the Belgium World's Fair set of Scott 515-25, C15-20. These are non-Scott listed. The come with a 1959 receipt from stamp dealer Frank Warner of Nassau Street. The buyer back then paid an astounding $219 for the set which equals $2,264 in today's dollars. Sparks knocked the lot down at $140. Yikes.

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United States
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Posted 04/05/2023   4:26 pm  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
Ouch ! that hurt somebody ..

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United States
433 Posts
Posted 04/05/2023   4:34 pm  Show Profile Bookmark this reply Add gvol21 to your friends list  Get a Link to this Reply
Rog, interesting find - thanks for sharing. Not an investment that aged well....!
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Posted 04/05/2023   4:47 pm  Show Profile Bookmark this reply Add classic_paper to your friends list  Get a Link to this Reply
Even worse, that hammer price is CAD.
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Bedrock Of The Community
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Posted 04/05/2023   4:47 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
I looked up Frank Warner and he was a German immigrant that dealt in stamps. This article was interesting. (hope it is readable)

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Bedrock Of The Community
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Posted 04/05/2023   4:57 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
And I found this:


Quote:
Belgium has provided the philatelic world with some of the most seldom seen specialized material. For most 20th century issues and almost all from 1930, imperforates have been prepared in the original colours and distributed only to high government officials. Stamps up to 1950 were sold gummed or ungummed, as issued, sometimes with a script Specimen overprint. After 1950, all Belgium imperforates were issued ungummed with an individual number printed on the reverse of each stamp. Each of these imperforates is then unique. The Belgian post issued only 300 imperforates as gifts to VIP's. The Belgian King receives a block of 10, high-ranking ministers a block of 4 and the rest a single stamp. Philatelic magazines and catalogues highlight the rarity of these stamps.


https://applications.icao.int/posta...ns_issue.htm

Maybe a good deal if Scott had only listed them. I wonder if other catalogs do?
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Posted 04/05/2023   5:13 pm  Show Profile Bookmark this reply Add oldboldandbrash to your friends list  Get a Link to this Reply
Imagine being the Belgian king getting a block of 10... Must be nice. Also, no blocks of 6?
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Netherlands
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Posted 04/05/2023   5:13 pm  Show Profile Bookmark this reply Add Johan Buvelot to your friends list  Get a Link to this Reply
I have a slightly older OBP(Belgium catalogue) But catalogue value nowadays should be around 300/350 euros. (Local interest and availability also play a role).

The price payed in 1959 looks like the premium one pays for buying at a brick store.
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Posted 04/05/2023   5:52 pm  Show Profile Check johnsim03's eBay Listings Bookmark this reply Add johnsim03 to your friends list  Get a Link to this Reply

Quote:
He also once observed that to tell if a cover from Tibet was genuine, one just had to smell it, and if smelled like a yak, then it came down out of the Himalayas on a pack animal.




John
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Posted 04/05/2023   10:19 pm  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
What does a Yak smell like ? I think I will make a few fake Tibet covers and rub them on the cattle down the road from where I live . Do you know the difference a yak to a steer in smell .

"One of my favorite dealers in the 1960's" ----yea he died in 1958 ------REALLY . OK
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Edited by floortrader - 04/05/2023 10:22 pm
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