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Valuers - am I so wrong?  
 

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Pillar Of The Community
United Kingdom
2937 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.
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Valued Member
United Kingdom
180 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.
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Edited by Eiger - 01/21/2018 4:15 pm
Pillar Of The Community
United Kingdom
2937 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.
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Pillar Of The Community
Learn More...
United States
699 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.
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Valued Member
United Kingdom
180 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.
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Valued Member
United Kingdom
48 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.
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Pillar Of The Community
United States
938 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?
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Pillar Of The Community
United States
795 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.
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Edited by Timm - 04/15/2018 1:29 pm
Valued Member
United States
28 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.
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Edited by KGVIStamps - 04/16/2018 10:15 am
Pillar Of The Community
United States
3345 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 .
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