Stamp Community Family of Web Sites
Stamp Community Forum
Username:
Password:
Save Password
Forgot your Password?

Welcome Guest! Need help? Got a question? Inherit some stamps?
Our stamp forum is completely free! Register Now!

Valuers - am I so wrong?  
 

Previous Page
 
To participate in the forum you must log in or register.
Author Previous Topic Topic Next Topic
Page: of 2
Pillar Of The Community
United Kingdom
3230 Posts
Posted 01/21/2018   03:16 am  Show Profile Check GeoffHa's eBay Listings Bookmark this reply Add GeoffHa to your friends list  Get a Link to this Reply
It's not clear whether the OP sent the stamps to a dealer or an auction house or, if the latter, whether he wished to sell by auction or by direct sale to the house. Whilst I agree on signposting items of interest in a large collection, I don't think UK dealers or houses would need much signalling about QV-GV issues.
Send note to Staff  Go to Top of Page
Valued Member
United Kingdom
182 Posts
Posted 01/21/2018   4:14 pm  Show Profile Bookmark this reply Add Eiger to your friends list  Get a Link to this Reply
Hi and thanks everyone for your comments!
I originally called them (they are a major auctioneers) and explained I had these albums and wanted to know what they thought. They were happy for me to send them to them and they said they would either suggest they go up for auction or would offer me a price.
At a very conservative estimate going on Stanley Gibbions catalogue value 65 is about 1 or 2% of the total. I do understand that no one gets CV regardless and I do understand about condition.
However of the entire lot of about 9 albums there were 3 stamps at CV total of 3,750 and a further set of 41 @ 650. Three major errors total 375 (plus a number of other errors) and as I mentioned before numerous fully sorted and plated Penny Reds (both mint and used) the majority in very good condition.
So while I know I am not going to get anywhere near that from any valuer/buyer etc I would certainly have expected a better offer.

I will be getting a second opinion from another auctioneer who has asked to see them so that will be interesting. I will however take the advise on here and sort them into the best of the best and only send a select number.

Thanks again everyone I really do appreciate your time and comments.
Send note to Staff  Go to Top of Page
Edited by Eiger - 01/21/2018 4:15 pm
Pillar Of The Community
United Kingdom
3230 Posts
Posted 01/21/2018   5:05 pm  Show Profile Check GeoffHa's eBay Listings Bookmark this reply Add GeoffHa to your friends list  Get a Link to this Reply
Good luck! Perhaps scan the 1d black and 2d blue when you get them back.
Send note to Staff  Go to Top of Page
Pillar Of The Community
Learn More...
United States
760 Posts
Posted 01/21/2018   11:04 pm  Show Profile Check KRelyea's eBay Listings Bookmark this reply Add KRelyea to your friends list  Get a Link to this Reply
A few years ago a friend of my was acting as an agent and had a nice British Colonies collection to sell. The collection was in 20 volumes and cataloged $180,000. He sent it to a top level auction house here in the US. Over the phone the auction representative said it wasn't their type of material, low demand for BR colonies hinged etc. he offered $5000 outright purchase. My friend told him to send it back and we took it to a smaller auction house. They were very receptive and eventually broke it down into 100 lots and my friend netted $40,000 for his client.

By all means get a 2nd opinion.
Send note to Staff  Go to Top of Page
Valued Member
United Kingdom
182 Posts
Posted 01/21/2018   11:09 pm  Show Profile Bookmark this reply Add Eiger to your friends list  Get a Link to this Reply
Thanks Geoff, I will!
Good to hear Krelyea, fingers crossed.
Send note to Staff  Go to Top of Page
Valued Member
United Kingdom
137 Posts
Posted 04/15/2018   06:29 am  Show Profile Bookmark this reply Add steevh to your friends list  Get a Link to this Reply
If its a major auction house, then this would be considered one of their low-end lots, and they wouldn't have spent much time valuing it... to them 65, 150,... what's the difference? They're interested in the big ticket items.

Also, they maybe figure if they quote you 65, and then it makes 130 at auction, you'd be over the moon to get double what they said.

Plus a lot of your material appears to be housed in those old Chinese-made stockbooks, which tend to have a bad effect on stamps and on dealers' opinions of the contents.

And as for you better items, like the Penny Black, value of this could be anything from 10 to several hundred, depending on condition, and without a scan no one can guess what that might be.
Send note to Staff  Go to Top of Page
Pillar Of The Community
United States
968 Posts
Posted 04/15/2018   10:23 am  Show Profile Bookmark this reply Add Climber Steve to your friends list  Get a Link to this Reply
Don wrote on January 20: "........but far too many hobbyists overprice the lesser quality material......."

I don't do eBay. But I have seen this issue in the APS Stamp Store. About a year ago, I had some rare time to kill and hit the Store, looking for Cayman Islands (my modest British colonial collection goes through 1965, but is not a priority specialty). I was amazed that guys were pricing KG V era, hinged, stamps at 80-90% of catalog. For this material, I'll pay 50% of catalog, maybe 60% if it's a well centered, high value. Checked a couple other Caribbean islands and found the same thing. Have to wonder what these people are thinking? Waiting for a philatelic fool to come along and pay their inflated prices?
Send note to Staff  Go to Top of Page
Pillar Of The Community
United States
834 Posts
Posted 04/15/2018   1:24 pm  Show Profile Bookmark this reply Add Timm to your friends list  Get a Link to this Reply
It al depends how you want to sell them.
Insurance value is different from dealer value and is different from private sales and sell it on line value.

So often I see dealers want to appraise the just the high dollars stamps, discount the remaining stamps as trash and then offer you barely 10% for the "Good Stuff but still wanting you to give then the so called trash as well"

Selling to a private collector or on line (eBay, HipStamps etc.) usually gets the highest dollar for the seller. Problem is on line selling can take quite awhile to go through an entire collection.
Send note to Staff  Go to Top of Page
Edited by Timm - 04/15/2018 1:29 pm
Valued Member
United States
127 Posts
Posted 04/16/2018   09:20 am  Show Profile Bookmark this reply Add KGVIStamps to your friends list  Get a Link to this Reply
Assuming that your valuable stamps in the collection are accurately identified and in good condition, why not pull them out and sell them individually? That would maximize your return without a lot of effort.

The rest could be broken down and sold as small collection lots on eBay. Just make a reasonable photo or scan and start with a low bid.

I am a part-time dealer, but a full time collector of British Colonies; so I can tell you it is a lot of work breaking down an album and trying to sell it. It takes a lot of time and then there is the cost of selling it. I use a web site, but don't get a lot of traffic, so if I want to sell something quickly I have to use eBay.

Collection lots sell for about 10% of catalog on eBay, but they are not as much work as selling the individual stamps.

No matter what - $65 seems to be really low price. They either are buried in whatever you have in the album, or didn't bother to look very closely.
Send note to Staff  Go to Top of Page
Edited by KGVIStamps - 04/16/2018 10:15 am
Pillar Of The Community
United States
3563 Posts
Posted 04/16/2018   3:27 pm  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
Sounds like you ran into a ex-employee of FLOORTRADER STAMP CO. . We teach all our employees how to dance . You all know the songs ----That material doesn't sell well ,your mint needs to be mint never hinged , We have a hard time selling low price material because there is not enough new people getting into the hobby, and about 10 other songs they learn .

You actually come out ahead by not buying everything that comes thru the front door .Told my employees many times if the seller knows something about stamps and especially if they have a inventory list be nice and refer them to another stamp company don't waste your time justifying your low offer prices . Deal only with widows and orphans for profitable deals .

Common stuff brings common prices .We follow the New York City stamp dealers code of marketing ---Ask a lot of questions before you open the first album, know who you are dealing with and what they are looking for .Always have a pocket of cash with you and count out the money and lay it on the table before you quote the price you will offer and be comfortable with your price the longer they stare at the piles of hundred dollar bills . Always explain your thin margin of profit with this deal .

Darn I am good at this maybe the APS will let me teach a class on dealing with clients .
Send note to Staff  Go to Top of Page
Valued Member
United Kingdom
182 Posts
Posted 05/01/2018   3:53 pm  Show Profile Bookmark this reply Add Eiger to your friends list  Get a Link to this Reply
Thank you Floortrader, that made me laugh :-)
Send note to Staff  Go to Top of Page
Page: of 2 Previous Topic Topic Next Topic  
Previous Page
 
To participate in the forum you must log in or register.
United States Postal Service, Now on eBay!Promoting the integrity of internet philatelic dealers. Please join us so buyers can buy with confidence.Genuine H.E. Harris products and quality postage stamps at www.whitman.com. POSTAGE STAMPS, STAMP ALBUMS & ANNUAL SUPPLEMENTS!What's on your wall? Check out our handmade, screen printed stamp art. Perfect for your collector room, office and more. Buy online today!
New Forum TopicsRecently Active Forum Topics
  Can someone tell me about credo stamps please?
  Longest time period it has taken for expertization of one item....
  A Beautiful Collection I know nothing about!
  Italy 1863 King Victor Emmanuel II Scott 22 Inverted Center
  Need help with an Antique Shop find
  Assistance please with identifying1922 series 1C Franklins - 11perf
  What is the best lighting to view stamps?
  What is a reasonable percentage of cat value to sell USA stamps ?
  Messaging system not working?
  Canada post rides again
  11 Newly Listed Stamp Collections
  Is this listing a new approach to educate buyers?
  SRILANKAs New Stamps
  Hipstamps at APS StampShow
  Canada $4 Bighorn Sheep
  Would someone help me with a Postal Card
  Has anyone else bought from Hippostcard.com?
  Norway Post-Horn Identification & Types
  A Guide to US stamp descriptions and where to get them
  An Ebay Tale "Sellers don't always lose"
  Does this Hawaiian stamp look genuine?
  Any formal or informal group, association or clubs available for zip/mail early block collector
  Looking for sources of info on defunct Zippy Collector Club Intl.(ZCCI) or old members
  Benjamin one cent stamp.
  A color visual guide to tagging - Transportation EFO's

  2018 USPS Issues... News? Thoughts? Opinions?
  What is the best lighting to view stamps?
  Can someone tell me about credo stamps please?
  1c 1851 Plate 12 Stamps
  Longest time period it has taken for expertization of one item....
  Help needed in identifying stamp on Malta 1988 money order
  Need help with an Antique Shop find
  Canada $4 Bighorn Sheep
  Italy 1863 King Victor Emmanuel II Scott 22 Inverted Center
  Any interest in world Postal Stationery?
  Tanks on Stamps
  Stamps from a Recent Great Britain Purchase
  Is this listing a new approach to educate buyers?
  My first APS stampshow
  Fall River Philatelic Society STAMP SHOW, Saturday, August 18, 10AM - 5PM, Tiverton, RI
  Messaging system not working?
  What is a reasonable percentage of cat value to sell USA stamps ?
  Assistance please with identifying1922 series 1C Franklins - 11perf
  A Beautiful Collection I know nothing about!
  Need help to identify a Japanese stamp
  Framing stamps for the wall
  Catapult mail from Sweden
  Latin Species Names For Plants & Animals
  Why I Hate Selling Books on Ebay
  Canada post rides again

Go to Top of Page
Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Stamp Community assumes no liability for errors. Copyright 2005 - 2018 Stamp Community Family - All rights reserved worldwide. Use of any images or content on this website without prior written permission of Stamp Community or the original lender is strictly prohibited.
Privacy Policy / Terms of Use    Advertise Here
Stamp Community Forum © 2005 - 2018 Coin Community Forums
It took 0.59 seconds to lick this stamp. Powered By: Snitz Forums 2000 Version 3.4.05