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Wednesday, November 28, 2007
Real or not?
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Tuesday, November 27, 2007
Special Cancels
I have been trying to catch up on special cancels recently. There are 4 different types of cancels listed in the catalogs I have, First day cancels, special cancels, slogan cancels, and post office openings. I use the Natchtigal catalog put out by the postal authority. There are 4 editions of the catalog, with the last one having come out in 1998. This presents a problem, since in the past decade, there have been more cancels used. Fortunately, the IPF recently added a cancels catalog to their web page, but unfortunately it does not use the same numbering system. Not only that, I have recently found several cancels that are not listed in the catalog. This makes it hard to collect, since I don't know what I am missing. Checking a list of covers against ones I have is a lot tougher then checking against a list of what I am missing.
Friday, November 23, 2007
Show Cards
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Out of the 37 issued, I am missing only 5 Mint ones, and none of the FDC's. I am missing the one shown here ( #3, PhilexFrance 82), as well as #4 (Belgica 82), #20 (Finlandia 88), #23 (World Stamp Expo 89), and #35 (Capex 96). I would like to mark this part of my collection complete, and I have a bunch of duplicates to trade if anyone is interested.
Wednesday, November 21, 2007
Postage Dues on cover
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I recently bought the cover shown here on the right. It is a FDC for J6-11. I am not 100% positive it is genuine, but it looks like it to me. Like all of the postage dues from Israel, these were issued with blank tabs. I haven't seen a cover with tabs, but this copy has the selvage with plate numbers attached.
The cover here on the left is J1-5 on cover, about 6 months after they were issued. I actually have 3 different covers with this set, one with an unreadable (to me at least) date, this one from November 1948, and another from December 1949. While I am on the lookout for a May 1948 cover (Bale shows 5/28/48 as the day of issue), I am sure they are still out of my price range. In the meantime, I have a nice cover to fill the spot in my FDC album.
Monday, November 19, 2007
Not in my album 6
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Here is one that I didn't even know about until a few years ago. Luckily, I had the one that catalogs for more in my collection, and was actually missing the cheaper normal stamp issue. The image on the left is Scott number 1233, a souvenir sheet from 1995 commemorating the Volunteers to the British Army in WW2. It is fully perforated vertically. The one on the right is the same stamp, but the perforations stop at the bottom of the stamp, rather than continuing to the bottom of the souvenir sheet. I am not sure how the two were originally sold. Perhaps the partially imperf sheet is just the bottom souvenir sheet from the press sheets. I do know that my standing order came with the partially imperf sheet, not the fully perforated one. However, the FDC I had was for the fully perforated issue. When I went looking for the fully perforated one, I found that none of the dealers at the show had separated them out in there holdings. They were both priced the same. When I alerted them to the difference, they were surprised. I suggest you double check your collection and see if you have both. Again, most albums do not call out the different varieties of this issue.
Booklets
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Sunday, November 18, 2007
Most valuable?
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Friday, November 16, 2007
Mint Cachet's?
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Thursday, November 15, 2007
Not so limited editions
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Wednesday, November 14, 2007
Revenues
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Monday, November 12, 2007
Another update
Well, the auction of the Negev Camel FDC with short tab closed this weekend. It attracted only a single bid, and went for the start price of $250. I am not sure if E-bay is an accurate representation of the value of Israel stamps however. I know when I look on E-bay, I am looking to find a bargain, not necessarily to pay a market value for an item. Although, since E-bay is a place where the market sets the price, does that mean that what an item closes at is its market value?
How much of the market is represented on E-bay? Certainly, there are some dealers that sell both conventionally and on E-bay (Doron Waide, and Marlen Stamps come to mind), but what percentage of buyers look to E-bay vs other avenues (Stamp shows, conventional auctions, stamp stores, approvals, etc). Having been to only a few shows in the last few years, I can say that I am generally among the younger attendees. The majority of stamp collectors I know are a generation or more my senior, and many are not exactly computer literate. Does selling on e-bay severely limit your market? Or, does it expand it?
I did spend 6 months tracking sales on E-bay, and what I found is a bit surprising. Less than 45% of lots managed to get a single bid, and those that did get a bid attracted only a bit over 3 bids each on average. So, with few exceptions, fierce bidding wars were avoided. In an auction based marketplace, this keeps prices down, since the lot sells for only 1 advance over the second highest bid. Also, the very nature of E-bay tends to hold down the number of bids on an item. Rarely do lots attract bids more than a minute before the auction ends. I know that if at all possible, I will wait to the last second before bidding, hoping to keep the price down. This is great for buyers, but not so good for sellers.
My theory is that if I bid at the last second, (a practice known as sniping) I will be able to get the last bid in, and prevent other bidders from rebidding on the item and driving the price up. As discussed in previous entries, this has worked well for me so far. There is another reason to bid late. I know one person who will track items bid on by specific bidders in order to spot lots he may have skipped over. Knowing that another person is interested in a specific lot is a trigger for him to look more closely at a lot, and perhaps bid on it. Bidding late avoids this issue.
When I sell on E-bay, there are 2 ways I handle these tactics. The first way is to set the opening price for the lot at a level you are willing to part with the item for. Listing a $300 dollar item for $1 is not recommended. While you may get $300, you are much more likely to sell the item for less then $100. I was able to buy 3 copies of 237a (Freedom from Hunger Tete-Beche Sheet) for an average of $100 each, and then re-sold them for close to $200 each by just describing them properly, and starting them at a higher start price. Doubling my money in a few weeks. Too bad I can't do that more regularly.
The second way to handle this is to just list the item cheaply (usually starting at $0.99), and just taking what I can get. I use this tactic when I am not sure of the value of an item, and I ma just trying to get rid of it. One example of this was a Pigeon Post cover that I recently sold on E-bay. This was one of the 2100 covers that I bought in a large lot a few weeks ago. I had paid less than ten cents a cover, and wasn't interested in adding this cover to my collection. I ended up getting over $11 for this one cover, so I am well on my way to paying for the whole lot. Of course, the second cover I listed only went for the $0.99 opening bid. While still a profit, after the E-bay and Paypal fees, it was barely worth listing. The hard part is figuring out which covers will garner more than a single bid. I have another four covers from the same lot listed today, hopefully I will do well on these. Time will tell. Check back here next week for my results, or you can always bid on one of the items.
How much of the market is represented on E-bay? Certainly, there are some dealers that sell both conventionally and on E-bay (Doron Waide, and Marlen Stamps come to mind), but what percentage of buyers look to E-bay vs other avenues (Stamp shows, conventional auctions, stamp stores, approvals, etc). Having been to only a few shows in the last few years, I can say that I am generally among the younger attendees. The majority of stamp collectors I know are a generation or more my senior, and many are not exactly computer literate. Does selling on e-bay severely limit your market? Or, does it expand it?
I did spend 6 months tracking sales on E-bay, and what I found is a bit surprising. Less than 45% of lots managed to get a single bid, and those that did get a bid attracted only a bit over 3 bids each on average. So, with few exceptions, fierce bidding wars were avoided. In an auction based marketplace, this keeps prices down, since the lot sells for only 1 advance over the second highest bid. Also, the very nature of E-bay tends to hold down the number of bids on an item. Rarely do lots attract bids more than a minute before the auction ends. I know that if at all possible, I will wait to the last second before bidding, hoping to keep the price down. This is great for buyers, but not so good for sellers.
My theory is that if I bid at the last second, (a practice known as sniping) I will be able to get the last bid in, and prevent other bidders from rebidding on the item and driving the price up. As discussed in previous entries, this has worked well for me so far. There is another reason to bid late. I know one person who will track items bid on by specific bidders in order to spot lots he may have skipped over. Knowing that another person is interested in a specific lot is a trigger for him to look more closely at a lot, and perhaps bid on it. Bidding late avoids this issue.
When I sell on E-bay, there are 2 ways I handle these tactics. The first way is to set the opening price for the lot at a level you are willing to part with the item for. Listing a $300 dollar item for $1 is not recommended. While you may get $300, you are much more likely to sell the item for less then $100. I was able to buy 3 copies of 237a (Freedom from Hunger Tete-Beche Sheet) for an average of $100 each, and then re-sold them for close to $200 each by just describing them properly, and starting them at a higher start price. Doubling my money in a few weeks. Too bad I can't do that more regularly.
The second way to handle this is to just list the item cheaply (usually starting at $0.99), and just taking what I can get. I use this tactic when I am not sure of the value of an item, and I ma just trying to get rid of it. One example of this was a Pigeon Post cover that I recently sold on E-bay. This was one of the 2100 covers that I bought in a large lot a few weeks ago. I had paid less than ten cents a cover, and wasn't interested in adding this cover to my collection. I ended up getting over $11 for this one cover, so I am well on my way to paying for the whole lot. Of course, the second cover I listed only went for the $0.99 opening bid. While still a profit, after the E-bay and Paypal fees, it was barely worth listing. The hard part is figuring out which covers will garner more than a single bid. I have another four covers from the same lot listed today, hopefully I will do well on these. Time will tell. Check back here next week for my results, or you can always bid on one of the items.
Want list item of the day
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Sunday, November 11, 2007
Not in my album 5
This stamp is actually in my album, but the stamp was actually issued in two different formats. There is a sheet of 6, and a sheet of 12. My album only has room for a pair. The sheet of 12 was issued first, in 2003. The smaller sheet was issued in 2004. How can you tell which sheet a pair came from? Personally, I have both complete sheets added to my album.
Thursday, November 8, 2007
Not in my album 4
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Wednesday, November 7, 2007
Postal Stationary
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Some of the harder items to find are the airletter sheets that were issued without value.
There were 3 or 4 of these issued over the years, and finding them in either Mint or FDC is not easy, but they are still relatively inexpensive.
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The only airletter sheets that I have been unable to
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Monday, November 5, 2007
Vending stamps part 1
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Collecting these stamps offers many choices to the collector. How should these be collected? Personally, I try and get 1 stamp from each design from each machine that it was printed from. For this first definitive issue, there were 7 printings and 45 machines. Not all printings were available from all machines, but even collecting 1 stamp from each machine is a challenge. Collecting multiple values from each machine to me is a bit of overkill, and I would prefer to focus on getting one example of each. The lower value printed on the stamp, the better for me, since it means the item is more affordable.
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Sunday, November 4, 2007
Not in my album 3
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Time to talk about another issue that is not included in my album. Once again, the Philatelic Service issued an imperf version of the standard souvenir sheets. These were also overprinted with a serial number. This time, the only way to get the souvenir sheets was at the Israel 98 show. They were included in the official show catalog as an insert. I have one catalog complete with the insert, as well as this one shown at the left that is just the insert without the rest of the catalog. I have also seen several catalogs without the insert. I am not sure if the insert was removed, or if there were catalogs sold without the inserts. The one time I saw several catalogs in the same place, the owner was not aware of the presence of the inserted souvenir sheets, and only 1 of his 5 catalogs contained one. Any one at the show that can help shed some light on this?
Saturday, November 3, 2007
Visit to a stamp show
Today, for the first time in close to 2 years, I made it to a stamp show. The show was Sacapex, in Sacramento, California. There were about 20 dealers there, and I stopped at all of them. Surprisingly, I walked out of the show with several items to add to my collection. I was able to find a set of Egypt overprinted Palestine stamps that I have been looking for, N1-19. Unfortunately, they were LH stamps, but the price was right and I wanted to be able to add the scans to my database. At another table, I found a set of the Jordan overprinted Palestine UPU issue (N19-22), and these were MNH. Another dealer had a copy of N4, again LH, but at a quarter it will make a fine space filler. I also found 2 covers, 1 a FDC of some Egypt overprinted Palestine and 1 a valid usage of Jordan overprinted Palestine with one of the NRA (revenue) stamps on it.
I also met up with an old friend at the show. I ran into Joe Schwartz who was there to judge the exhibits. He had even read my blog recently. Joe is a long time collector who has provided me with a lot of material over the years, including a lot of the bulletins that helped me complete the set.
I also met up with an old friend at the show. I ran into Joe Schwartz who was there to judge the exhibits. He had even read my blog recently. Joe is a long time collector who has provided me with a lot of material over the years, including a lot of the bulletins that helped me complete the set.
Friday, November 2, 2007
Update
The Negev Camel FDC I posted a few days ago is apparently frequently counterfeited. There was a write up about it in the SIP journal I received this week. Luckily, Sid Morginstin took a closer look at the scan I posted (I actually sent him a higher resolution image to look at as well), and he says it appears genuine as far as he can tell. Of course, he didn't see the actual cover, just the scan, so it is a best effort estimate, not an expertization, but it is reassuring regardless. I saw this same cover up on eBay today, with a start price of $250 and a buy it now price of $400. I am watching the auction to see what ends up happening. The cover on e-bay does have a cert with it, so it is worth a bit more than mine, but it will give me an idea of what it is worth.
Managing my collection part2
Storing covers has been a problem for me. I used to use Showguard cover albums, but I have found that the separators tend to tear, and there is no easy way to add pages in the middle. A few years ago, I found the Supersafe cover albums, which are much nicer in my mind. The albums are a bit pricey, but you can add a bunch of pages to the stock album without overfilling it. The albums come with 25 pages, and each page fits 4 covers. They make pages without a horizontal divider on the page that fit 2 covers (1 on each side) per page. Really large covers go in in plastic sleeves in a binder.
I occasionally search e-bay to find used Supersafe albums, and have had some success. Since new albums cost $20 and up, depending where you buy them, used generally offers a significant savings. With my special cancel collection alone spanning a dozen albums, the albums become a significant investment. One reason my post office openings collection is still not dealt with is that at 4000 post offices, it would require 20-30 albums to hold these.
One issue I have resolved is how to leave blank spots in the albums for missing covers. There are times I am missing many covers in a row, and when I used to get one cover in the middle of a run of 20-30 missing ones it was difficult to figure out what slot in the album to put the cover in. It is made more difficult when the sequence of covers contains sub numbers (for example 1021, 1021a, 1021b, 1022). You need to know how many empty slots to leave, which I always seemed to mess up. My solution was to print markers for each slot. I bought a box of Avery business card blanks, then used MS Word to create a mail merge from my database to the business cards. I now have a business card with the number, date, and description for each cover. I put one in each slot and now I am quickly able to put covers in the right slot. Also, as a consequence of this, each cover i have now has an identifier in the same slot with it.
I occasionally search e-bay to find used Supersafe albums, and have had some success. Since new albums cost $20 and up, depending where you buy them, used generally offers a significant savings. With my special cancel collection alone spanning a dozen albums, the albums become a significant investment. One reason my post office openings collection is still not dealt with is that at 4000 post offices, it would require 20-30 albums to hold these.
One issue I have resolved is how to leave blank spots in the albums for missing covers. There are times I am missing many covers in a row, and when I used to get one cover in the middle of a run of 20-30 missing ones it was difficult to figure out what slot in the album to put the cover in. It is made more difficult when the sequence of covers contains sub numbers (for example 1021, 1021a, 1021b, 1022). You need to know how many empty slots to leave, which I always seemed to mess up. My solution was to print markers for each slot. I bought a box of Avery business card blanks, then used MS Word to create a mail merge from my database to the business cards. I now have a business card with the number, date, and description for each cover. I put one in each slot and now I am quickly able to put covers in the right slot. Also, as a consequence of this, each cover i have now has an identifier in the same slot with it.
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