5 important facts to learn about postage stamp collection
September 8, 2022
How to Carefully Store Your Stamp Collection in Perfect Condition
February 24, 2023
Have you ever wondered which stamps piece is sky-rocketing in value these days? The world’s most expensive rare stamp, the British Guiana 1c Magenta, is worth $2.6 million.
If you want to become a stamp buyer in Florida or elsewhere, you must be well-versed in your chosen field. For instance, the current market value of the product with which you wish to deal. However, in order to quote the correct price of imprints, a few factors must be considered in order to determine the true value of the piece.
In this article, we’re going to reveal every piece of information about vintage, and old stamps and what value they hold in 2023. Let’s take a look…
2 Different Groups of Stamp Pieces
Here, we’ve separated the era of the invention of stamps into pieces to make you understand it in a simpler and clearer manner.
1. Old Postage Stamps (1847 to 1929)
2. Vintage Postage Stamps from (1930 to 2006)
Let’s dive in deeper to learn more about each group individually.
#1 – Old Postage Stamps
These stamp pieces are dated back to the year 1847, which puts them in the category of being rare and the older ones. These stamps are very unique and were created by the government in a limited edition. Because of being so rare and antique, this group is considered to be the most expensive and in-demand by antique stamp buyers/collectors from all over the world.
If you have any of the imprints in your store room kept by your grandma or grandpa, then you’re undeniably very lucky. Also, the golden rule of selling or buying imprints is that the higher the denomination, the higher the price.
To sell your rare stamps to buyers, you must first determine “what is the current market price.”
The name of the rare stamps,
- Ben Franklin 1c (Green) 1904
- 1903 Ben Franklin 1c (green)
- 1918 Curtis Jenny Plane 24c (Red & Blue)
- $1.00 (Black) 1898 Cattle In Storm
- 1857. George Washington, 90c (Blue)
- 1861. George Washington, 90c (Blue)
- George Washington 2c (Red), 1924, and so on.
The few names of stamps from historical eras are priced from $0.25 to $10,000.00 currently.
Vintage Postage Stamps
Vintage stamps are the ones that were invented in 1930 and are valued for their face value. Unused vintage imprints are considered more valuable than used ones. If they are used and inherited, they don’t have any retail or resale value in the market. Below are a few names of retro-era imprints.
1976 Declaration of Signing 13c (Multi-Color)
1954 Liberty 3c (Purple).
1947 Ben Franklin 5c (Blue)
1988 Eagle & Moon $8.75 (Multi-Color)
1988 Eagle & Moon (Multi-Color), etc.
These are the few collections of vintage stamps that are valued from $0.01 to $8.75 as per current market value.
In a nutshell,
Modern postage stamps are not valued by antique stamp buyers. It’s like you’re not going to benefit from the good price of these latest imprints. However, these stamp collections are not valued as compared to the classic ones. So, whenever you go to buy such stamps, always look for an old or vintage one.
Is it important to get an appraisal for your stamp collection?
Please note that whenever you feel like dealing with these precious pieces, always consider getting an appraisal from an authorized company who offers an honest appraisal service to the sellers.
This is because stamp appraisal, whether done online or directly through an offline antique store, would bring great results and also a worthwhile price for the pieces, after which you will not be scammed by other unauthorized dealers.
Aside from the pricing, you’ll always learn about the elements listed below in your collection.
- Rarity
- History
- condition
These above-mentioned points are considered when an appraiser quotes a price on the item. And, if talking about what factors make stamp collections valuable and in-demand, here are the key factors considered:
- Monitory value or denomination
- Marking on the stamp (it describes the rarity)
- picture displayed on the imprint
- country of origin.
- Perforations
Have a look!
In this article, we’ve mentioned the current market value of the stamp collection. But, if we are talking about which stamp is more valuable and carries the highest selling price, then the price will differ by the utmost amount. This happens when the stamp is historical, i.e., old and rare, and carries the most sky-high value as compared to the newer invented ones.
Where can you sell your rare stamps?
Collectors
You can sell your old stamps to collectors who are in this profession just for the interest or hobby. They enjoy collecting these stamp collections and may not always be able to offer you the best price for the piece.
Dealers
A dealer is a person who enjoys trading stamps. Although they frequently have stamps for sale, you’ll probably get a worthwhile price when selling to them.
Auction Houses
An auction house is the place where many dealers and collectors assemble to bid the highest price on rare pieces, and when bid, it is sold to the highest bidder at the auction house.
Digital World
eBay and Etsy are the online platforms where dealers and collectors sell and buy their stamps at the right value. Here, you can consider dealing with your stamp collection anytime and anywhere.
Last Words!
If you’re looking to sell your stamp collection for instant cash, then you can contact us. We are the leading stamp buyers in Florida and are looking for you to bring some rare treasures, and in return, we will offer you the highest price for the piece.
If you want to learn more about stamp collecting, you can read our other blog posts.