Quote:The Scott catalog needs to start over and have an online one with market prices based on auction house results,
ebay and Hipstamp.
Be careful what you ask for. The idea is that Scott lists retail (dealer) prices for VF stamps, and that the market price is always discounted from there. You might find a dealer who will sell VF at 50% or 80% of Scott, and Superb for 100% or more of Scott. Then there is
ebay and HipStamp where buyers like to get bargain stamps at 10-20% of the catalog price. If Scott were to change their pricing model and all of a sudden aggregate the average (actual) selling prices for stamps, the market would implode.
I don't know if you are old enough to remember when they tried this in the 1980s. Scott lowered all their prices to 'market level' but customers still expected to pay 50% of the
new catalog prices for the same stamps. Yes, Scott did need to lower their valuations to react to the market slump of the early 80s but the way they did it really hurt the dealers who had to convince their buyers that full catalog is now the actual market price and they could no longer sell at 50% of catalog. Some collectors started looking elsewhere and found dealers still selling at big discounts but maybe not for the same quality. Point being, if Scott kept lowering their catalog prices to match market prices, it would be a race to the bottom.
If you want to track current auction prices, Stamp Auction Network actually does a good job with their census and even just simple searches. And of course Siegel's PowerSearch is a necessary tool for that caliber of material.
While there are definitely specific stamps and areas that could use price adjustments in Scott, I don't think an overhaul is warranted right now. The catalog prices are just guidelines anyway, where a particular stamp with a $50 CV could sell for $3 or $300 depending on condition.
We should all be thankful for Scott to continue to publish an annual catalog for the foreseeable future.