Amazing Ww Mint Collection In Upcoming Schuyler Rumsey Westpex Sale

Rogdcam ---- You think too much like a stamp collector ,you got to think out of the box . Let me help you here ,if Don doesn't shut me off for pure crazyness .

Where are we going with all this" winds of change" stuff ?

I am planning on making a "ship load of money " with my stamps . Sort of like getting into the "DUTCH TULIPS BUSINESS "

I will be hooking up with New York Stamps ,they plan to clean the Western World of stamps with all you older guys dumping your stuff and dealers shutting down . Everything will be shipped to China . Now once in China stamps will be cataloged and placed in heat sealed plastic pounches or large plastic envelope like you see for covers . These will have a seal of Authoenticy ,Scott number and catalog price all sealed in a plastic envelope .

Next comes the good part

They will not be offered to you ,because you are just a bunch of cheapskate philatelist . These are for the next generation,you know that group who thinks it is OK to be running printing press 24/7 and printing money like being done in countries like U.S. Greece ,Italy, Russia and all Africa . Add to that you do know the 591 BILLION DOLLARS in interest payment each year by the U.S. with more desirer to spend more next year .

Now you can see the plan for China to become a financial power center by selling investments and stamps is a very small part of it . Small but still stamps is part of the network . This is not a con job like Asfinsa did in Spain a few years ago where they collected cash and still handled the stamps ,here you get to hold your "investment" in your house ,it is not a con job . You pay for stamp and you get to hold your stamps yourself .

How big is this market ? maybe 1 billion dollars, buyers will be worldwide . Depending where the cut-off will be on stamps 1960 or 1970's ,
hey don't laugh.....think tulips not stamps

Some dealer stocks are very stale, I see the same tired overpriced stamps every time I go through them. Other dealers price their stamps more fairly and are constantly buying and selling and I always see new things with each viewing. Dempsey's wall of red boxes was impressive and his tables always full of people. His US stock was decent but the strength was the 4 corners of the world. I don't collect much outside of the US so I can't comment specifically on that, but he had a good reputation and his booths were always popular. The point being this is a recent and active dealer show stock, not a remainder of leftovers that have already been picked over and recycled by a dozen middlemen and ebay sellers pulling out all of the over $10 items.
But YMMV. A full and detailed viewing in-person is needed to really see what is there. Maybe it is rich with NH complete sets from Western Europe and Scandinavia, but 50 copies of each. Who needs that?

This is the reason why I stopped attending local shows in Florida. Would be nice to be around fellow collectors and the dealers, but it would take all day and I would end up with a few (overpriced) fill-ins worth a few dollars.

I shopped with A&D perhaps 5-6 times, most notably at the DC International show in 2006 and the 2018 (?) APS show in Columbus. Their inventory did not seem to have a lot of duplication when I shopped with them. My impression was that A&D was constantly buying collections and breaking them down, keeping the inventory relatively fresh.

Anyone who doesn't already know the A&D stock should not consider bidding upon it. The entire mess was fresh and active until the very last show. No other show dealer had as many customers and sales per show. In fact other dealers complained that he hogged the customers. Now if you actually read how the prices were arrived upon by Jim and Kelleher, you would not be bothering to work so hard putting down the stock. Jim carried what sold and sold what he carried and did it for decades.

Zebraman ----Agree with you 100% , his stock was upgraded each and every year .

But there is a limit to how many red boxes you can write up and sort in a year ,did you see how many boxes he had --574 .

I can only fill so many boxes per year ,it is a pistol to write up that many with still checking watermarks and perf's .Then the sorting by country and then placing each country in Scott order . Try taken 12 boxes and refiling them into another set of your previous arrange boxes . I can't do it every year so I skip doing it for some years ,remember he is dealing with 10X as many boxes ,even one or two assistants doesn't make his job less . He is selling every month as for me I never sold any of them in 50 years .

He had to be selling 40 to 50 boxes of dealer cards a year and doing it all over again each year .Somebody should ask him to write a book or a article and title it "My life with a red box "

Parcelpostguy ---What are you crying about ? Maybe my wife should write a piece about "The entire mess " She knows a lot about seeing the coffee table in front of the T.V. stacked full of 102 dealer cards in A to Z piles , then into country piles then a week later into sorted into regular issues ,semi-postal issues then the rest of the back -of-the-book issue , sometimes a month later she finally sees a clear table .

You have no idea what it takes to fill and file in order a group of red boxes ask Rogdcan he done it let him tell you .

Being a "red box guy" myself I completely agree.

I filled 36 red boxes in a year with the pickings from large lots and that took me on average a 20 plus hour work week times 52. I did not have to travel for shows or do paperwork either.

With 574 red boxes it is mathematically impossible without a knowledgeable staff working sizable hours (the math will tell you how many people) to "refresh" more than perhaps 10% of your stock in a year. That being said if you sold 10% of your stock in a year at shows you are talking approximately 57 boxes times 800 102 cards to equal over 45,000 102 cards in sales. That means that they would be adding almost 1,000 102 cards per week back into stock.

PS: If the mathematical presumptions in Kelleher's description are correct, if Jim sold 45,000 102 cards at an average of $5 a pop per annum, he was grossing $225,000 which is not a lot when taxes, overhead and expenses are factored in.

My guess, and it's only a guess, is that Jim bought a number of dealer stocks along the way which included 102 cards already alphabetized and in Scott order. This material would then only need to be assimilated into his own stock. The only other step I can think of would be changing 102 cards if A&D had their own printed cards. I can't remember if this was the case or if some cards were generic.

"A full and detailed viewing in-person is needed to really see what is there. Maybe it is rich with NH complete sets from Western Europe and Scandinavia, but 50 copies of each."

His limit was 3 used, 3 H & 3 NH.

"My guess, and it's only a guess, is that Jim bought a number of dealer stocks along the way"

He bought new issues as well as from collectors (or their heirs) and dealers, but rarely from auctions. He kept what he wanted and sent the rest to auction.

Why do all the stamp auctions list the best stuff in December when we are the most broke.

The wealthy are never "broke"

I'm still digesting the A&D auction... Just looking at the photos, one can learn quite a bit at the work that it would take to maintain 500 red boxes! The better material is in this lot. Might fill a hole or two! https://kelleherstampassets.s3.us-e...3/885890.pdf

This now is opening at $210,000. I talked to them and they don't know how many parts this collection will have because this selection was chosen by the collector and he told them there will be more to come.

They also told me this lot is in 5 banker boxes and weighs approximately 200 lbs.
So it is now selling for $1000/lb. Hard to imagine!

The one A&D lot I bid on (and lost as the 3rd high bidder) went over the high est, but most of the other A&D lots went below the low est.

That is a regional phenomenon.

Fortunately, not all list the best stuff in December in this part of the world.
It would not even be a problem in parts of Europe. In some European countries it is common to receive extra pay in December.

In the Netherlands, many industries have what we call a 'thirteenth month.' Some employers add a percentage to the monthly salary, others pay half a month's salary extra in June and December. Most commonly, however, employers pay an extra month's salary on top of December's salary. Quite a few employers also pay the December salary a week early.

So people are least broke at the end of December.