Selling Stamps
There are a number of ways to sell stamps, as there are to buy, and each has its own advantages and disadvantages.
- Auctions may achieve the highest prices but the costs are also high.
- Dealers may be able to act quickly or pay cash but are likely to offer a price at least one third below the normal retail sale price for the stamp as the dealer needs to make a profit on the transaction. Some dealers aim to double their money on every transaction.
- Private sales. Many sales take place between collectors, however, an investor who is not a collector is unlikely to have the personal contacts to secure such a sale.
There is no equivalent of the stock exchange for stamps.
Read more about this topic: Philatelic Investment
Famous quotes containing the words selling and/or stamps:
“You know, what I very well know, that I bought you. And I know, what perhaps you think I don’t know, you are now selling yourselves to somebody else; and I know, what you do not know, that I am buying another borough. May God’s curse light upon you all: may your houses be as open and common to all Excise Officers as your wifes and daughters were to me, when I stood for your scoundrel corporation.”
—Anthony Henley (d. 1745)
“What is the worst of woes that wait on age?
What stamps the wrinkle deeper on the brow?
To view each loved one blotted from life’s page,
And be alone on earth, as I am now.”
—George Gordon Noel Byron (1788–1824)