Hello Q, Not really a profit but last year I bid on a Hawaii dealers offer of 48 stamps starting at 99 cents +$2 postage, I was interested in just 3 stamps (worth about $5), one of the other stamps on the page was an 1883 - 1 Solot stamp worth about $15 not really wanted but I bid $20 for the lot not expecting to win. I waited 5 days, nobody put in a counter-bid. I won the auction, 48 stamps for $0.99 + $2 p/p that is 6.23 cents each inclusive of postage. I suppose that you win some, you lose some. Most auctions seem to end at 03:00 - 04:00 so I never find out till the morning if I've won. Regards, James
I have never sold any stamps. I have traded or gifted them, but at this stage I'm still acquiring them.
I purchased a collection in early January for just over $400. So far I have sold on ebay over $6,000. and at the local club about another $500. and have lots more to go to dismantle the assortment. It is all in glassines, tin cans, plastic containers never know what to expect when you open an envelope. I have a lot of early Iran, that if original sell for over $2,000. per set.
I have not sold any stamps yet, I'm not at that level. When I received a batch of stamps from my mother, I went through them looking for anything that I felt was of value, and took them to a couple of local dealers, but they told me that I didn't have any valuable stamps, without really even looking at them. They were (are) kind of messy, in an envelope. I suppose presentation matters. When I get them all organized and situated, I'll look through them and see if I have any gems.
Nice, so would you be willing to trade them for money in the future, or is it more of a hobby type thing?
I take a lot to the Stamp Club and sell to other collectors, if they are interested, and also the club has a large sales circuit that I put pages in and sell that way.
Ditto for me... though I am in the thousands of duplicates now due to kiloware, dealer buyouts, etc. Thought about putting some topical, year sets, or series units together with some of them but haven't taken the time... though I do have a lot of them sorted and indexed to a database. Next will be to pull out the 20 best, save those, and fire-sale the rest of them... all in good time.
I have considered selling some of them at the APS StampStore, those that have good saleable value. Another thought is joining a local stamp club and doing some trading there. The opportunity with a stamp club is also to donate a lot of minimum value stamps to youth outreach programs. Since I am still acquiring I haven't really decided what to do.
I was a member of APS and sold in their circuit books. Too a blood bath there. Sold over $450 worth and only received about $180 back. The took commission and then charge for all the postage to send out sales books to customers. When I got all books returned I did not pay my next years dues. Was not satisfied. I actually lost money on the deal.
Yep... except my procrastination comes from knowing how long it takes to sort even 10 stamps (about a half-hour if you are doing the inventory and data-logging) and trying to find enough snippets of time to put together. Sometimes I do spend a whole weekend (helps if it is a rainy weekend) and get a lot accomplished but then I think about the things I had to push off to have that time and realize I need to 'catch up' on those things as well. Ahhh life... all about time.
Most of my inventory is in US but I have a lot of duplicates in Bermuda, Botswana, and some other countries beginning with "B" (not Brazil). Bought some kiloware a few years ago that strangely was mixed of the "B" countries. BTW: your shipment went out last week...
I have heard the same thing from other APS members. The circuit book route isn't one I would pursue. Others tell me the StampStore is good if you have competitively priced items in short supply. Members typically snatch up the best looking items in the best price range. Perhaps sometime in the future I might try that venue.
I am also a member of APS and was considering the circuit routes at one time... seems that would be a good way to get a look at offerings but since everyone is using the Web now, sort of archaic IMHO.