Paperback: 176 pages
Publisher: General Trade Corporation; 2nd edition (April 15, 2009)
Product Dimensions: 5.5 x 0.4 x 8.5 inches
Shipping Weight: 8.8 ounces (View shipping rates and policies)
Average Customer Review: 4.0 out of 5 stars See all reviews (19 customer reviews)
Best Sellers Rank: #334,001 in Books (See Top 100 in Books) #29 in Books > Crafts, Hobbies & Home > Antiques & Collectibles > Stamps #256 in Books > Crafts, Hobbies & Home > Antiques & Collectibles > Antiques Care & Reference > Reference #394 in Books > Crafts, Hobbies & Home > Crafts & Hobbies > Reference
I recently inherited my father in law's stamp collection. My wife wants to sell it, to raise some much-needed money. I bought a current Scott catalogue and determined that one of the U.S. plate block albums is "worth" $350. My wife was told by a stamp dealer that he will only pay about 10% of catalogue value. That would make the album worth $35.I read Top Dollar Paid. It says that only certain stamps are good investments. Those are the stamps that were already rare and highly priced collectibles when they were first purchased.In other words, if you go into a stamp dealer and buy a 3 cent stamp for $500 because it is rare, that is exactly the kind of stamp that is a great investment. It is the type of stamp you can leave to your children or grandchildren, and its value will rise as the years and decades go by.But if, when your father or grandfather was a child in the 1930s or 1940s, or (God forbid) in the 1950s or 60s, he went into the post office and bought mint stamps, plate blocks, or sheets, and had a beautiful and complete collection, all of those old and pretty stamps are worthless. If all you want is the cash for them, use them for postage. They aren't worth a damn thing. If you bought a hot dog in 1963 you wouldn't expect to sell it for $50 today would you?There are interesting anecdotes in this book. There's the Hungarian boy who hoped to sell Hungarian stamps in the U.S. at a profit. (No way!) There's the author's meeting with Gerald Ford and his stamp collection. There are stories of stamp collection owners who try all the tricks that you yourself would have thought to try, and just where those tricks got them.I'm glad I read the book. Now I think I'll just add some of my father in law's stamps to my own collection.
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