Rasdale Taking To Breaking Down Collections For Sale

Problem is on the medium/low end, no one can beat the Penningtons and for better stuff no one ca beat Gates if he decides he wants it.

Use less the companies are violating the law and keeping the sales tax collected rather then remitting it to the states in question, this is not a revenue generating new play in the stamp market. it is a revenue generating play for the states and localities with which they share the sales tax revenue. Likewise, if collected and not remitted the buyer can file a complain with the taxing authority.

Care to explain the lawful method to use sales tax to be a"really nice way to collect some extra revenue from your customers.....if done correctly" as you imply?

Edited for change of case for one letter and adding emphasis of the same word.

I have heard others complain, but Forte is by far the largest cover dealer to make a change and is quite open about it. He does still sell covers but took a table at WESTPEX this month to sell stamps. The others who offer up complains are not as vocal nor will I out them. Also not all are solely cover dealers as Jim was.

Absolutely positively 0%, this collection would not have broken $20K as a complete collection.

"I have heard others complain, but Forte is by far the largest cover dealer to make a change and is quite open about it. He does still sell covers but took a table at WESTPEX this month to sell stamps. The others who offer up complains are not as vocal nor will I out them. Also not all are solely cover dealers as Jim was."

I am not asking you to out who is frustrated - you said dealers plural had left covers and gone to stamps, so it should be public knowledge, just not knowledge I posses.

Agree those Rasdale lots wouldn't make 20K , way overprice at the open price .

Overpriced to who? Someone wanting to breakdown and resell or a collector in interested in paying more like some ebay buyers?

I think it safe to say that as the price goes up the pool of bidders goes down.

Overpriced by who ?

Any experienced collector .
There needs to be a explanation for New readers and especially for New collectors here . So let me try to expand on this subject .

Stamps that I view can be broken down into five classifications {we are talking worldwide stamps } ,at the top are gems ,these sell for big dollars as seperate items . Then there are most of the poplar items you find in stamp auctions these will catalog from $300.00 to $3,000 per lot these will get a seperate photo in the auction catalog .

Third is the mid-level stamps these are the stamps that make a worldwide stamp collection and the stuff you don't find in mixture boxes or beginner albums the catalog value are between $25.00 and $300.00 . These are hard to find but are sometimes found in the bigger collections lots . This right now is the where I do most of my buying .

The fourth level is where most collectors are . These stamps mostly catalog under $20.00 and what makes up the bulk of ebay and dealers pick up tons of material in this area of collecting .


The fifth level is the under $1.00 stamps these are mixture , job lots , wholesale sold stamps , at this level just the "fun" collecting stuff . I spend hundreds of dollars back in the 1970's buying "2 cent table stamps" at stamp bourses or stamp shows , they then went up in price to a nickle per stamp and I posted on this board that these mounted in albums are going for up to 10 cents per stamp now at public auction . So as you can see my 2 cents are now pushing 10 cents each {great investment }.

Now back to those Rasdale country lots that are being listed as group of countries that are not related , they are mostly those stamps under $20.00 and lots of what I call 2 cent stamps ,just not enough better stuff over $20.00 to command a price like $600.00 or their $1,000 asking price .

I got a email from a fellow collector , who makes a valid point in that once stamp auction firms goes down the path of breaking down larger collection it is dangerous .

How is it not health for them ,because their bigger buyers who spend the most money with them start to driff away when they can't buy enough material for them to break down and sell . It is like the auction firms are setting themself up to deal and sell to collectors ,these are smaller transactions , I see his point that the auction house can just become another E-Bay seller .

Floortrader - Agree with that. Kelleher has a sale on SAN right now that is full of single stamps in the $20 to $50 range. Now THAT is really breaking things down. But I have to ask if it is worth it to them given their overhead. I assume it is or they would not be doing it but why pick low/medium singles out of consignments. Just shovel the material out the door in the Collections sales.

DCA seems to always have a couple of large collections at the end of every sale still but it almost seems like throwing a bone to the NYStamps crowd to keep them interested.

If they got a dealer show stock which was already broken down they might sell it this way just as a way to expand their clientele.

"I assume it is or they would not be doing it but why pick low/medium singles out of consignments"

How do you know this material is consigned and not house owned?

Because I have been dealing with and consigning material to Kelleher for a long time and they don't do house owned unless they can pick up a collection full of rarities for 10% of cv. They definitely are not going to buy for themselves a stock of $20-$50 cv stamps to peddle one at a time. That is crazy. It still leaves the question of why they are selling these like they are given the staffing and infrastructure they support. It almost seems like a side gig for someone associated with them. I have consigned 36 red boxes at a time of material on 102 cards and they sold them in their Collections sale. Every time. That ended a couple of years ago.

So you are just guessing.

"They definitely are not going to buy for themselves a stock of $20-$50 cv stamps to peddle one at a time. That is crazy. "

And auctioning $20-$50 cv stamps they don't own is less crazy?