Stamps, Valuations, Knowledge and "Fairness"

As stamp collectors, we tend to think of the primary "commodity" we spend our time with as "stamps" and things that relate to stamps.

We buy stamps; we swap stamps, and sometimes we sell stamps. At the foundation of our ability to make these trades-- with each other, and with dealers-- lies our core belief that any given stamp has a certain relative value.

After 45-odd years of involvement in philately, I increasingly have come to realize that much the foundation for trade-ability is-- as often as not-- knowledge, rather than "stamps."

20ø blackish blue. Value $20+ rather than 75c

For many of us, new stamps are added to our collections as part of a process of "treasure hunting;" that is, we go looking for (or at least are open to finding) the unexpected to fill gaps in our collections. And everybody loves a bargain!

From time to time, I attend stamp shows and bourses. Several times a month I will spend a few hours perusing eBay or one of the other online sales venues for stamps. Sometimes I visit dealers in the area; sometimes I buy lots from brick-and-mortar auctions; sometimes I am poring over a box of circuit books from the American Philatelic Society.

As often as not, new "treasures" come to me not simply because "there's a gap in my collection," but because I "found something" among the stamps offered for sale; something unexpected; something of value. For me, it is usually a rare postmark or a shade/printing of a classic stamp, or a variety/plate flaw of some kind. Whatever it may be, it tends to have a "value" that by far exceeds the marked sales price.

The "making a find" part came into play purely because I recognized something the seller did not. In other words, I was in the knowledge business.

This, in turn, invites consideration of the question of whether or not that makes me rather "mercenary" and whether or not it is "fair" to the seller that I am going to buy an item marked at $2.00, when I know it's worth $200.00. Let's pause and examine some different ways of looking at what might be considered "fair."

For one, the seller marked the item at $2.00, in the belief it was a "fair price," given his knowledge of the situation.

The HILLE postmark adds $500.00+ in value

For maybe 99% of his or her potential buyers, that stamp is "worth" $2.00... because they see the stamp as exactly what the dealer thinks he's selling.

My "other 1%" knowledge was not "free." Behind my ability to pick out a $200.00 variety lies not only 25 years of study, but probably a $1000+ investment in specialized literature.

What's more, if I were to turn around and "profit" by selling the stamp rather than keeping it it in my collection, unlike the original seller, I also have spent 25 years building the connections within the hobby the results in my being able to contact a collector who will pay me $200.00. The original seller doesn't have those connections.

So where does the notion of "fairness" lie, in these situations?

Just like a stamp has a "catalogue value," expertise has a "value." And expert knowledge typically "costs extra," regardless of your field. Your country doctor might-- or might not-- be able to heal some esoteric illness you have. A specialist-- for five times the price-- heals it in short order-- because he or she "invested" years and money in becoming a specialist. Is it "unfair" to your country doctor that he only gets $150.00 for an office visit, when the specialist gets to charge $800.00?

Is if "fair" to YOU, that you have to pay more? You could argue that it's not-- because you are "short the money"-- but in the end we all tend to get what we pay for.

My point here being that while our finding "a $200.00 stamp for $2.00" may look opportunistic and like we're getting "something for nothing," we typically have paid "a price of admission" (learning, time, experience, reference books) in order to get to a place where the transaction was even possible. Rather than viewing the situation as "unfairly taking advantage" of the seller, we can view it as "our fair reward for years of study."

Spring Stamp Auctions: Better Denmark on eBay, ONE CENT starts!

On occasion, I round up some of the better "odds and ends" from my duplicate stamp books, and then put them up for auction on eBay.

Denmark no. 6, catalogue $190.00

This week, it is stamps from Denmark that are up for grabs. As with all auctions I list, every lot is listed with good photos, and all items have a starting price of just ONE CENT, regardless of the stamp's value. For example, in the current group (48 auctions, in all) you can-- at least at the moment-- bid one cent on a presentable classic Danish stamp with a US $190.00 catalogue value, or a lot of older stamps with a combined value of over US $250.00.

Auctions end Sunday, May 20th, at around 22:00 Central European Time, 4:00pm US Eastern/1:00pm US Pacific time. 

Some folks think I'm a bit crazy for offering "perfectly good stamps" in such a way... after all "What if you end up having to sell a $100.00 stamp for 1 cent?" I suppose I just believe the stamp market to be intelligent enough to set a fair price for worthwhile philatelic material. I also don't believe that listing items on eBay at something that looks like a retail price has anything to do with running "auctions."  But that's just me. And yes, I have ended up selling a few stamps for one cent, in the course of my 14 years on eBay.

And yes, technically speaking, you could go place a minimum bid on every item and potentially end up with hundreds of dollars worth of stamps for less than a dollar.

AFA Postfærge 28x

Anyway, to return to what's up for grabs-- the focus is Denmark, there are 48 lots at auction, and the material runs from classic to newer. There are a few items from the Bicoloured issue, and then a nice group of constant varieties (plate flaws)-- some of which are quite scarce, and finally a nice group of Postfærge stamps.

Detail of AFA 28x, showing the plate flaw

The Postfærge stamps are in particularly nice condition and include a used copy of a scarcer variety. The 5 øre wine red "Wavy Lines" stamp is among Denmark's most common stamps, and even with the Postfærge overprint, it is still quite common. One of the better known "modern" stamp varieties in Danish stamp collecting is the "right lion with lump foot" plate flaw. Although tricky to find, it's not that rare, on the "plain" version of the 5 øre stamp. However, this variety is very difficult to find on stamps with the overprint, and there's a very nice copy available in this sale. This is the variety that also has colour in the bottom of the "K" of DANMARK. With a current AFA Specialized catalogue value of 400,- DKK (about 54.00 Euro/$69.50) this major variety is missing from most collections.

As with all my eBay offerings, there's reduced postage when you win multiple lots.

Bidding for these items is currently OPEN, but don't wait too long to go have a look at what's available. The auctions close on Sunday, May 20th at about 22:00hrs, European time; 4:00pm US Eastern/1:00pm US Pacific time. Here's a link to all the auctions, listed together. I hope you'll find a few moments to look at my listings and add an item or two to your Denmark collection!

Finally, I'd like to take a moment to wish everyone in the US a very Happy Mother's Day!

Taking my Stamp Collection "On the Road."

When I was a kid, stamp collecting was mostly quite seasonal.

Growing up in Denmark-- which is far north and has dark wet winters and bright clear summers-- I'd spend lots of time indoors from October through April, and working on my stamp collection was one way to pass time when it seemed like it was going to rain for three weeks in a row. As the days got longer and April gave way to May and June, we kids would spend more and more time outside, building tree forts, riding our bikes or playing football ("soccer") in the roundabout at the end of our street. Although we didn't exactly "put away" our stamp collections, the albums ended up spending more and more time on the shelf.

When school let out for the summer-- in mid- to late June-- we'd often head off to spend some time at the "summer house" (basically an overgrown cabin, away from the city). However, even though there might be rainy days where we couldn't be outside, I don't remember ever bringing my stamps. Most of the time, however, the weather was "too nice" to be sitting inside with stamps, and we'd end up going to the beach. And since it would usually stay light past 9:00pm, there really wasn't such a thing as working on the stamp collection "after dark."

It wasn't until my early 30's, when I started traveling quite a bit for work, and to attend workshops and conferences, that I started bringing some of my stamp collection along. I realized that on those occasions where I might stuck in a hotel room, or in some remote location, I preferred to occupy myself philatelically, as opposed to watching mindless TV or surfing the Internet.

I'm about to enter a period-- until late July-- where I will be gone quite often. As I thought about that, I realized that I will probably get more stamp "work" done while I'm on the road, as I will be spending quite a few days in hotels and at conference centers. I have lots to catch up on, and stamps from this winter that I want to get listed for sale online-- stamps are small, light, and easy to bring along; the only thing that will weigh me down would be stamp catalogues, but I will focus on one area for each trip.

Stay tuned for reports "from the road!"

Facebook Page for Danish Stamps

In this computer age-- where stamp stores are being replaced with web sites, and local stamp clubs replaced with online groups and clubs-- it seems only natural that we (as stamp collectors) should keep up with the times. After all, one of the best ways to get enjoyment from the hobby is to share ideas, pictures and finds with others.

Recently I discovered that Per Møller-- a fellow Denmark collector-- has started a group for Denmark collectors on Facebook. Although the group is pretty small still, it's nice to see a specialized group like this come together. Here's a link to the group:

"Danske Frimæker" on Facebook

Now, the group IS primarily conducted in Danish... but even if you are NOT Danish, you can still visit the group on use the Facebook "translate page" feature to get a pretty good idea of what is being said. There are a lot of nice photos of Danish stamps there, so a visit (and a Facebook "like") is highly recommended.

Scandinavian Stamps on Facebook

There can be few who would deny that we live in a technological age.

Whether you like it or not, computers, the Internet, online forums and social networking web sites like Facebook, twitter and LinkedIn have become "a fact of life" not some "passing fad."

Sadly, many philatelists "reject" these modern technologies, for any number of reasons... ranging from the point of view that "computers are killing stamp collecting" to simply not being interested.

Personally, I don't believe that we-- as stamp collectors-- can afford to sit idly by, if we hope to see the hobby continue to be enjoyed by future generations. It may be very true that we are collectors of something very "low tech," but we will need these "high tech" innovations and venues in order to reach the younger collectors of the future... people who grew up in an age where they have never experienced a world "without the Internet" or without Facebook and twitter, or without a computer and cell phone in every house.

There are those who would argue that "that isn't the way to get new collectors."

That statement can be both "correct" and "not-correct," at the same time. The statement might be 100% correct if you are a collector "of retirement age" and are looking to make contact with people within your peer group to interest them in stamp collecting. However, if you are more interested in "recruiting" new collectors from the age 10-30 set, a different approach is needed. As one friend eloquently phrased it "You have to meet people in THEIR comfort zone, not in YOUR comfort zone."

As part of "doing my bit," I have recently created a Scandinavian Stamps page on Facebook. It's a fairly simple page that affords users of the world's largest social networking site (as well as those who are simply searching the web) to connect with other collectors of Scandinavian stamps.

I hope you'll take a few minutes to visit... and to "like" the page, if you have a Facebook account!

Stamps from Denmark: Paper and Stamp Quality

As a specialist collector, I spend a fair amount of time sifting through "large lots" of stamps, often looking at 100's of examples of the same stamp... searching for plate flaws, cancellations and so forth.

It is important to me that the stamps in my collection are in nice quality and without faults, so one of the "steps" in my sorting process is to check the stamps for defects-- tears, thins, missing or "pulled" perfs, heavy cancels. Unless I am examining very valuable stamps, any with defects go directly to my "junk pile."

One of the earlier Danish stamps printed on hard white paper

Recently, I have been working on a large batch of Danish stamps-- part of a fairly extensive former dealer's stock, containing 1000's of stamps, and sometimes 100's of copies of each stamp. As I worked with these, I noticed how much influence the type of paper used has on the number of faults you find with any given issue.

For the most part, Denmark has used a fairly "soft" paper for issuing stamps. This meant that the stamps generally separated fairly well along the perforations, as a result of which the number of faulty stamps reaching collectors was fairly low. Certainly, some stamps would get damaged by people who handled them roughly, but the "defect rate" was manageable.

Around 1968-70, however, the Danish postal administration started to experiment with "invisible" gum (Danish water-activated gum to that point was typically "shiny" and slightly yellowish) and the type of paper used for printing stamps was changed, as well. The new paper was a very "hard" white paper. Why this particular paper was chosen, I don't know-- possibly because the new adhesive could better be applied.

In any case, this new paper was very "unforgiving," when it came to separating stamps so they could be used on letters. Unless you "pre-folded" several times along the perf line, most stamps would not separate neatly at the center point of the perforations, leading to lots of short and "pulled" perfs. For many collectors, a row of pulled perfs renders a stamp faulty, and "not collectible."

As an example of just how "bad" the situation got, this morning I found myself going through a few hundred copies of Denmark Scott no. 491/AFA no. 525, issued in 1972 to commemorate the 125th anniversary of the Danish State Railways (DSB)-- pictured in the photo above.

Faulty stamps on the left, good quality stamps on the right

Keeping in mind that this was a dealer's stock I was sorting-- so the stamps must have been deemed to be in at least some form of "collectible" grade-- take a look at the two piles of stamps in the photo, at left. They are of about the same size. The pile on the right are all in good condition, without any minor faults. The pile on the left? All have one or more short/pulled perfs, or small tears! The detail photo, below, shows the "typical damage" I found while sorting, although many were in much worse shape. As a stamp collecting youngster in Denmark, I even remember how you had to be "very careful" when tearing apart stamps to use on the mail, so as not to damage the stamps.

This particular "problem" is actually present with many Danish stamps issued from about 1970 onwards. Then, starting in about 1976-77, the paper formula was changed again as a result of which the number of faulty stamps declined. By the mid 1980's, the problem was not nearly as significant.

Common perf "condition" on Danish stamps from the 1970's

As an interesting aside to all this, most Danish stamps issued between 1968 and 1978 have very low catalogue values, with most being priced at the "minimum value" various catalogue publishers use. I sometimes wonder if these catalogue publishers are aware that whereas "lots of examples" of the stamps issued during this period exist, finding one in "nice used condition without faults" is not nearly as easy.

So what happens to my piles of defective stamps? I used to throw them away, but these days I actually give them to my ex-- who's an artist-- who uses them to create art projects... from laminated bookmarks with stamps, to custom made journal covers with a "postal" or "letter writing" theme, or even collages that feature stamps. I like this particular solution because it means that the stamps still get enjoyed for their designs and will live on as a "reminder of stamps," but they will not live on as faulty junk in actual stamp collections.

Of course, that's a personal philosophy not everyone shares. I happen to be a strong believer in something my father once told me about "faulty stamps," namely that "Common faulty stamps don't become valuable treasures, just because they age. In 100 years, they will merely be old common faulty stamps."

Happy collecting to all!

Coveting thy Neighbor's Stamp Collection

Unlike many stamp collectors, I spend a fair amount of time being "plugged into" online venues. I have-- in essence-- been "a nerd" since first messing around with computers in the mid- to late 1970's. I am fairly well-versed in blogging, building web sites, Facebook, twitter, search engines and most other things relating to the World Wide Web. I went to one of the very few schools that had a computer-- when I was 16 (in 1976), such a computer sat in an entire room, and had less computing power than today's average SmartPhone!

But I am digressing.

I am fairly active on a number of online forums for stamp collectors. As part of our forum activities, we tend to share stories and post pictures of our recent finds and acquisitions. In some ways, I think stamp collectors are as much into telling "big fish stories" as any group of people!

A nice stamp I recently added to my collection

What I have found interesting, though, is that whenever I post news about something I've found-- a nice stamp I recently added to my collection-- I almost immediately get a half-dozen inquiries: "Do you want to sell that? Is it for sale? How much is it? Do you have more?"

Maybe I'm being "too sensitive," here... but such inquiries feel a bit akin to walking up to someone you meet at a dinner party and asking "How much money do you make?" I certainly am aware that stamp collecting-- and collecting ANYthing, for that matter-- is about "getting" things for your collection. But still... there is (at least to MY way of thinking!) a huge difference between "new things I put on eBay" and "new things I put in my collection."

It makes me sit back and wonder if everything in life-- not just in stamp collecting-- has gotten to the point where our primary thinking is about "acquisition" rather than about what makes things interesting, in the first place.

Then again, maybe these inquiries are merely the result of the fact that I do sell stamps, as well as collect them-- and maybe part of the territory is an automatic assumption that "everything is for sale." That said, I regard myself as a collector first, and a trader/seller, second.

I should hasten to add that I am not upset about this practice-- merely a little curious.

Happy collecting to all!

Memories: Finding Direction for my Collections

My father started me on stamp collecting, when I was maybe six years old and we were living in Denmark, where I was born and grew up. His original "purpose" in doing so was to teach me geography and world culture, through the images on stamps.

France Scott 1174, from 1967

For 3-4 years, my stamp collecting was strongly "guided" by my dad-- who pretty much told me "what" and "how" to collect. His interests were France, tropical islands and art... and that was reflected in the way he firmly guided me towards French stamps (and France was issuing quite a few large sized "art on stamps" at the time), as well as French dependencies like French Polynesia.

Of course, the only sources of these stamps were the incoming office mail at my dad's office, and going to a stamp dealer.

Meanwhile, lots of stamps from Denmark-- and neighboring Sweden-- poured in on envelopes in the daily mail. Naturally, I'd clip those and also get the ones that came from my dad's office.

However, my dad didn't really encourage me to collect Danish (or Swedish) stamps. In his opinion, they were "dull" and "ugly" and not worthy of collecting. At the same time, he was also dead set against my desire to collect stamps from Poland-- which I thought were very interesting and had lots of colorful pictures of animals and art.

"Nonsense!" said my dad, "those are 'gimmick stamps' created purely to take advantage of stamp collectors!" He was-- at least partially-- right, of course.

At the tender age of ten, I had amassed a pretty large hoard of Danish and Swedish stamps-- and most of my junior philatelist friends collected Denmark and Sweden. I was the only one who "collected" French art stamps, to be sure.

To this day, I remember the specific Danish stamp that led to my officially becoming a "Denmark collector" and to my father ending most of his interest in my stamp collecting endeavors.

Denmark AFA 485, from 1969

I was clipping the stamps from a stack of envelopes my dad had brought home from the office, when he passed and commented "I don't know why you even bother with that ugly junk. You can't even tell what it is!"

He was referring the to pictured 80 øre stamp from Denmark, issued in 1969. It was very common, at the time, as postage for oversized envelopes.

I don't remember the details of the rest of the conversation, just that I ended up telling my dad that I was "more interested in Danish stamps" than in "his" French ones. And with those words, I officially became a collector of Danish stamps-- even though I had already been "saving them" for four years.

Many years later, I came to understand that my dad's views on stamp collection-- and specifically on the issue of "French vs. Danish stamps" had little to do with stamp collecting, and a lot to do with the fact that he loved "all things French," while finding his native Danish culture small, narrow-minded and insular.

I still have my original collection of French stamps, started with my dad in a red "Abria" album. From time to time I pull out the album, and invariably find my way to the pages with the stamps issued between 1963 and 1970-- the period I have the strongest memory of. Now and then I do come across a French stamp I don't have in the collection (I stopped getting new pages in 1980) and add it to the appropriate space for it.

My Denmark collection, on the other hand, is large and varied and specialized and thriving... and has actually grown into a number of specialized "sub collections." Even though I haven't actually lived in Denmark since 1981, I never lost interest in collecting Danish stamps.