Buying Stamps
There are a number of places where a prospective investor can buy stamps:
- The internet.
- Auctions.
- Stamp dealers.
- A few specialised stamp investment firms.
- From a collector in a private sale.
Stamps purchased for investment are usually old classic stamps in fine condition, such as British Victorian stamps or American stamps from before 1900. These may be thought of as the equivalent of buying a blue chip share. Although future prices may vary, as long as there is a hobby of stamp collecting there is likely to be good demand for these stamps.
Stamps typically included in an investment portfolio will be rare and priced in the thousands of dollars or pounds but they will probably not be the greatest rarities as those unique items are typically sold at public auctions and may reach prices approaching or exceeding $1 million US.
Some collectors and investors also try to anticipate future trends and buy low now, this however, is difficult to get right and may take a long time to pay off. Investors may try to identify a developing country with an expanding middle class who may have the time and money to pursue a hobby like stamp collecting as the developing domestic demand may help to force prices up. Recent examples have been India and China.
Some firms are developing collective or mutual funds where money from many investors is pooled and each investor owns shares or units in the fund. The fund then invests the money in stamps.
Read more about this topic: Philatelic Investment
Famous quotes containing the words buying and/or stamps:
“We’re buying this, but why do you sing the same sad songs all women sing?”
—Katharine S. White (1892–1977)
“Even in harmonious families there is this double life: the group life, which is the one we can observe in our neighbour’s household, and, underneath, another—secret and passionate and intense—which is the real life that stamps the faces and gives character to the voices of our friends. Always in his mind each member of these social units is escaping, running away, trying to break the net which circumstances and his own affections have woven about him.”
—Willa Cather (1873–1947)