One of these days, USED BLOCKS of Australia will be
listed in the ACSC, alongside mint, used, and on cover - exactly as they are
right now, in many European catalogues.
When that occurs, prices will go quite insane, as quite simply - no stock of
these things exist. They often have enormous facial eye-appeal as you can see in
some of the photos below.
One of my long term campaigns has been to convince readers - dealers and
collectors, to put aside EVERY postally used block of Australia
you ever see. Right NOW most do not command much, if any, premium over 4
singles. Grab them from ANY era - from 1913 to 2016.
Eye-catching KGV Top Value.
I can guarantee you in a decade or two you will look
back on this column, and chuckle to imagine NO-ONE placed a premium on
most usedblocks of Australian stamps. Especially mid
values of sets etc.
It was only 20 years back, that Monogram and
Imprint blocks of Kangaroos sold for typically just 5 or so times the
single stamp price. i.e. a 25% premium for the margin monogram or
imprint. If a single was $10, it meant an imprint block 4 was $50 or
so, was dealer rule of thumb.
Arthur Gray’s collection of largely such Roo
pieces sold for $A7.15 million at auction in New York, and he was buying
them when they were surprisingly cheap, not too long back, and largely
ignored by all the rest of the stamp world globally.
$9,000 to $176,000 in
19 years.
A world record price was obtained in that sale for a
single Australian postage stamp. Lot 287 was a facially attractive 1913
£2 black and red Kangaroo with lower sheet selvedge. This selvedge bore
the "JBC" margin monogram of the stamp printer, J. B. Cooke.
Every post office sheet of 120 at that time
contained two such margin monograms. The copy shown on the photo nearby
is the only example recorded outside the Royal Stamp Collection and the
Australia Post archives.
The
$170,000 stamp selvedge.
This stamp was hinged, had a crease and a toned
perforation, but sold after vigorous bidding for $US138,000 = then
$A176,930, to Australian dealer Simon Dunkerley - buying for a
client here. The estimate was "only" $US50,000-$75,000.
This stamp is SG 16, and was then catalogued at
only £3,000 as mint hinged. The basic mint stamp in the 2016 SG is cat
£6,500 - showing perfectly that buying the tougher stamps from ANY
country, soon as you can, always pays off pretty fast!
This record price means the buyer effectively
paid over $A170,000 for the tiny piece of selvedge paper! The full ACSC
catalogue price for this very stamp in 1988 was just $9,000 (and $4,000
for NON monogram.) So within 19 years it sold for TWENTY times that.
Current ACSC value is $200,000.
Without the marginal marking, the stamp would not
have even realised anything like £3,000 then, due to the condition
issues in my view. No other country places such gigantic premiums on
Monogram or Imprint or plate number markings. But as I said earlier, 20
years back no-one was especially interested.
The auctioneer of the Arthur Gray Kangaroos
collection Charles Shreve, was VERY nervous when I was having this photo
taken nearby, in case the $170,000 stamp fell into my coffee, and
torpedoed his record sale price!
Follow Europe’s Lead.
Many major European basic catalogues as a matter of
course, list stamps mint, used, FDC, on cover and in USED blocks of 4.
Look at a Swiss/Liechtenstein Zumstein, or leading Italian or
Scandinavian catalogues etc, and you will see what I mean.
Even the Stanley Gibbons Specialised catalogues for
GB list and price near all pre-war issues from 1840, in used blocks of
4. So it can be done here, and it should be done here.
Stamps worth peanuts as singles, are often worth a
FORTUNE in a postally used block, in many European markets. Swiss stamps
issued in the Kangaroo era can catalogue 500 times as much in a used
block, as for a used single.
The 1914 3Fr Jungfrau is in the basic Zumstein
catalogue I have at 3,250 SFr a used block, but only 8 SFr for a used
single. Many Kangaroos should rate high multiples like that in blocks.
But right now sell for 5 or 10 times a single stamp!
The same rarity level applies in some Australian
stamps of course. But NOT the prices - YET. The market leading
Facit catalogue does the same for Sweden and Scandinavia area stamps,
and has done for 100+ years.
$10 a single, $8,600 in block 4!
In a recent Facit catalogue, the common old cheapie
Sweden 1858 12öre blue Arms (Facit # 9) is priced at “x 500” for a block
of four. That stamp is 18 SEK for the cheapest shade for a used single,
but 9,000 SEK for a used block of four of the cheapest shade.
The block shown nearby from a past David Feldman
Sweden auction demonstrates the market nicely, that stampboard member
Scott Starling showed me. It is a rather ugly block of the 3öre brown
Lion issue of 1863, Facit Catalogue # 14Bc1 (Scott # 13). As a single
this had a 2010 Facit catalogue value of SEK130 – then about $A20.
It is a common shade, and a single with this same
centering and cancel would have sold for about $A10, Scott tells me.
Facit doesn't list a price for a used block of four, it just says that
there are three known. The starting price was 2,000 Euro (not Swiss
Francs) and sold for 5,000 Euros, when the nasty “Buyer Fee” was added.
That was $A8,600 paid then, for a VERY rough
looking block, of a stamp otherwise worth $10 a single. Buy such things
issued by Australia now. It is certainly true that virtually EVERY
Australia stamp from 1913 to the present date EXISTS in postally used
blocks - even for the high values.
Most Used blocks exist.
Australia’s leading collector, the late Arthur Gray
and I discussed this subject at length, and he agrees with me there are
very few instances where no used blocks are recorded from 1913 to 2015 -
and even then, we are only guessing they are not out there.
The £1 Bi-Colour Kangaroo block 4 shown nearby was
used in 1923, and first surfaced on the market in late 2008 - 85 years
after being used. Until then it had been “assumed” no postally used
blocks of this value existed.
For years I have been urging the editor of the
ACSC to list used blocks of 4 of all Australian issues, and I feel sure
one day they will relent, and create this new category. Adding a large
slab of brand new collectors.
Attractive Brisbane cancel.
It will
give added reason for folks to buy each new edition of each catalogue,
and will not take any more space or pages than they do now, as they will
simply add the universal cross hair “block” symbol to all current
listings as they now do in Europe.
Dealers agree.
I have discussed this with leading dealers, and all
agree the demand for used blocks is increasing all the time. Richard
Juzwin told me he fully agrees the market vastly under-values such
material at present, and that he is actively buying it whenever he sees
it on offer, and hopes the ACSC lists them in future.
Juzwin told me he was the under-bidder on the used
block of £1 Bi-Colour Kangaroos shown nearby, at Leski’s auction in
Melbourne some years back now. Those stamps are 3rd watermark, and were
invoiced to the buyer at just on $A20,000. As 4 singles they would sell
for about a QUARTER of that.
Indeed both the block 4, or 4 singles, would sell
for far more today … the market on £1 Kangaroo bi-colours is extremely
strong in all forms and variations. A popular stamp in all its forms,
and is the Westpac Bank Share of stamp market.
Sold $20,000, some
years back.
The auctioneer Charles Leski, told me the vendor
bought the block in to show him, housed in a cheap $5 type “Chinese
stockbook” of otherwise unremarkable junk. The vendor had no idea it
was valuable, so the $20,000 price must have amazed.
This block had been in the family for decades, and
was never sold for 3 generations. It had presumably been soaked off a
parcel at the time of receipt in 1923. An equally nice looking 1913 £1
FIRST Watermark Roo, postally used block 4 came up at a stamp auction in
Wales UK a few years back.
Myself, Simon Dunkerley and Tony Shields and
several others all bid strongly on it, only to see Stanley Gibbons
London outbid us all. So these high value used Kangaroo blocks DO exist
for sure, and are worth seeking out.
Most of the Kangaroos are known in used
blocks, and the archive sales offered the First Watermark bi-colour high
values up to £2 in used blocks, with Brisbane cancels, several of which
I have handled and sold since - the 10/- is shown nearby. Very pretty
piece.
The 1913 £2 with that same cancel is on the cover of
the current ACSC “Kangaroos” in block of 4. There is also a used
imprint block of 8 of the £2 Third Watermark “OS” in private hands, and
other £2 used blocks etc.
11 x £1 Kangaroos on piece
I recall my friend Martyn
Greive from A-One stamps showing me a parcel piece with no less than
ELEVEN x £1 Grey 3rd watermark Kangaroos on it. Including a block of
6, and also THREE x £2 Small Multiple Roos.
It was a new discovery Martin
had found in the past decade or so, among an estate of a man who threw
nothing out - even parcel wrappers. This piece was literally lining the
bottom of his stamp collection carton!
1933 Domestic franking:
£17/1/4d.
This piece was used in 1933 from Sydney to Newcastle Waters,
Northern Territory, on a 32 lbs car parts air shipment, to rally driver Donald
Harkness. These tally to over £17 on a domestic parcel, so MUCH higher
value used Roo frankings must certainly exist - especially to USA/Europe.
Rod Perry loses house in
bet?
Fellow dealer Rodney Perry suggested I needed
psychiatric help when I mentioned this parcel piece to him at the
Canberra National a few years back. Rod stated nothing of that huge
face value existed, domestically used, with Kangaroo franking.
“Impossible”.
Luckily even at 2am I
had my laptop with me, and was able to show him the scan nearby - to the
vast amusement of the many senior philatelic figures like Geoff Kellow
and Arthur Gray drinking with us at the bar, who’d heard Rod declare no
such piece existed.
I vaguely seem to recall that Rod bet his house,
and first born child, that I was mistaken and delusional, and I need all
corroborating witnesses to step forward please. All your legal fees are
covered. Beston, Beston &Sons are handling
the case!
OK, it was tatty and creased and stained, and
could well have (and should have) borne a block of 8 x £2 Small Multiple
if the clerk had that many in his stamp drawer. Indeed delightfully, a
block of 9 x £2 might have been used, if it were overpaid just a tad!
The block of 6 of the £1 here is undoubtedly
unique used. The relative pittance this item sold for originally, will
have us ALL wincing in 10 years. Rod had it restored, and now is for
sale for a healthy $A155,000, so I suspect he now believes it
exists! Offered here with full story -
tinyurl.com/Harknes
32lb exceeded the limit for Parcel Post, and the
article was therefore required under Postal regulations to be charged at
full Letter rate as follows. £17.1.4d postage for 512ozs (32lb) at 2d
per oz. Letter rate = 1024d (£4.5.4d) + Airmail surcharge 3d per half
oz = 3072d (£12.16.0d) = Total £17.1.4d.
All KGV Heads too.
It is rather likely all the Australia KGV heads, in
all the watermarks and perforations, and dies, exist in postally used
blocks too - but many would be very rare thus. But not necessarily
expensive. A Challenge!
One of the scarcest face different “basic” KGV
heads is the 4½d Violet Die 2, and many CTO blocks of that are out
there. Most were legally obtained cleverly from PO sheet stock, by the
Miller Brother dealers in Melbourne.
I flew down to Arthur Gray’s KGV Auction late
2015, and he had 2 blocks 4, block of 8, and a used imprint pair of
these CTO 4½d Violet. The block 4 shown nearby sold for about $A1,150.
As 4 x CTO singles, retail is only $250 or so.
Used KGV Block gets $1,150.
I sold Arthur one of the used blocks 4 for about
$200, so 5 or 6 times increase in price shows these pieces are starting
to firm up in the market … so do not dilly-dally if you seek them in
blocks!
I once asked dealer colleague Rod Perry if he had
even seen or handled a KGV head 4d “Lemon Yellow” in a USED block of 4.
Rod thought about it for a while, and agreed he could not recall seeing
one, but also agreed one or more very likely existed, if a search were
made.
An inexperienced dealer would likely offer a used
Lemon Yellow Block 4 for $125 on today’s market, but I’d want $500 at
least. See if you can find even ONE! Drop me a line if you have a
block, or have seen one - they must surely exist?
Give yourself a challenge!
Someone looking for a rewarding new stamp challenge,
could do a LOT worse than give themselves a goal to collect all the
Australian stamp issues, in postally used blocks of 4. Maybe start on
Post War, and work back.
A client recently sold me a large stack of Hagners
with postally used blocks, from 1913 Roos to modern, that he’d
accumulated over the decades. So it can certainly be assembled,
and he’d made a pretty good stab at it.
Some stamps not pricey on their own, look great in
a used block. Last year I sold this CofA 1/4d Block of 6 pictured nearby
for a fairly modest sum. Commercially used from Parliament House, it
just seemed to catch my eye as a very pretty piece. Many folks tried to
order it.
If you decided Roos above 5/- were removed off
your list, due to high cost, the remainder of the Commonwealth would be
VERY doable over time. A fun project, that few others are doing, and
when you ever tired of it, the material will be worth ten times what you
paid, more than likely.
Try finding one of
these!
Near all issues in all watermarks are POSSIBLE
in used blocks, but locating them will be the big challenge. Most
dealers can sell you a MINT block 6 of 1/- Roos, but how many can offer
a nice USED block?!
The fresh block
of 6 shown nearby, I’ve sold 3 times in 30 years. I mailed it to the
most recent buyer for $225 off my Rarity Page. I think the first time I
sold it was for $75. That tells you a story. Today if it came back,
I’d ask $350.
Used blocks of 6d, 9d, and 1/- and 2/- 1930’s roos
ARE certainly fairly plentiful, but near all have truly ugly parcel
roller cancels, or those massive rubber ‘Parcel Branch’ ones. Neat
circular cancels on Australian pre-war high values are the great
exception, not the rule.
1964 7/6d Cook
“Sleeper”
As a large dealer I guess I have owned and sold
1,000++ mint copies of this stamp in my time. Many full sheets of 80
included. Guess show many USED copies I have handled? About 5% of
that. Why so few USED about?
As the
August 26, 1964 issued 7/6d was mostly bought up by the stamp trade and
speculators, and it had very limited real use by the time of its quick
replacement in February 1966 by same design 75c Cook Navigator.
The WRONG "small number sold" figures
quoted by all investors for 40 years are quite incorrect, as the ACSC
and Geoff Kellow research now confirms for us in the recent QE2 editions
of this era.
The number sold was DOUBLE what most think. Such
FACTS do not of course deter those who buy a $6 pocket catalogue, and
base $1,000s of purchasing decisions on ancient information! In the
1980s “stamp boom” this stamp mint, got up to $60 apiece.
Try finding postally USED. The current
bizarre present situation where MINT is often catalogued higher than
used is quite absurd. The 2016 ACSC “QE2” rates this stamp at $A500 on
cover or parcel piece. THAT certainly tells you something, if you are
savvy.
Genuine dated postally used of the 7/6d Navigator
with contemporary cancels SHOULD be priced DOUBLE the mint value. And
try finding any postally used
BLOCKS!
A classic
of the future - $95!
I offered this superb block shown nearby for $95 on
stampboards.com, and I have no doubt the buyer in future has a GEM
piece. Blocks are gaining in interest all the time. And as outlined
above, USED blocks are my long term hobby horse. In general they are
wildly under-valued.
This stamp is plentiful MINT as speculators bought
them heavily, but even a genuine date, single used copy is scarce. A
postal used BLOCK is a minor rarity, and a block such as the one shown
nearby with such brilliant crisp small town dated cancels is a lovely
piece.
I sold it for way less than what the current
Australia Post Office “annual album” costs! Absurd. Whomever bought it
has a lovely piece for the future. Clean and fresh and nice. SG 357, new
catalogue is only £126 for 6 used singles. What a JOKE!
Australia Post Gets
WORSE.
Australia
Post’s appalling letter delivery service continues to get worse - not
better, despite the price hike earlier this year to $1. It should not
be possible to sink back even further, but they have.
4
weeks for a 3 hour drive.
I mailed
this clearly addressed Registered envelope shown nearby on January 22
from Castlecrag to Canberra. The time to DRIVE from Castlecrag to
Canberra is 2 or 3 hours – all main Hume Highway etc.
Weeks
dragged on and Jim had no stamps. The Post Office tracking showed
NOTHING .. just lodgement on Friday January 22 and a usual Black Hole
after that. There is an inverted “SWLF JAN 28” spray jet
on the pane - Leighton Field MC Sydney - 6 days after mailing. Nothing
else.
Several worried contacts later, he assumed the worst, that his envelope
had gone missing, and he would get only the pathetic PO Compensation of
$100 maximum. The exact same figure it has been for over 50 years
- despite the price of the service now being 20 times higher.
Then
magically the envelope tuned up at his PO Box on Friday February 19 –
exactly 4 weeks after I mailed it. Absolutely no instructional markings
front or back. Postcode ‘2607’ was clearly written, so was not mis-sorted.
Simply PO incompetence.
What did Jim
have in the envelope - a set of 6 mint of the scarce “Adelaide 2016”
Emergency set. (See last month’s column -
tinyurl.com/Glen3-16 ) He paid $250
as he got in quite early, and rather foolishly did not ask me to insure
the $250 sending, so his MAXIMUM payout would have been $100.
At the
time he received it, the set was selling on my website after several
price rises in line with the market, for $2,000. So paying only
$250, and thinking it was lost, when retail was now $2,000, really had
him worried for weeks.
Now
$2,000 a set of 6.
Moral of
this story - assume Australia Post operates with the efficiency
of Zimbabwe under the “leadership” of Mr MoneyBags Fabour, and do NOT
panic even after a month, if your tracked letter takes 4 weeks to get to
where I could drive it in 3 hours.
I now
waste 10-15 hours a month on fielding enquiries just like this. Not
MY fault Zimbabwe Post now owns AP, and clients do understandably
worry. But I resent being a front line apologist for their new
appalling Fahour delivery standards. Write your Senator, and write the
Minister, and replace this Flop CEO and appoint PO trained Managers.
Ebay Bunnies Breeding Madly.
The Mad
bidding we see on ebay never ceases to amaze me. There are vast armies
of dreamers who ASSUME that $1,000 classic Blue chip stamps can be
picked up readily for $300 all day long. Deluded.
It is
like assuming $100 Bills can be bought for $30, or the guy offering you
a “Genuine Solid Gold Rolex” in a pub on Saturday night
for $200 is legitimate. There is sucker born every minute sadly - and
most of them gravitate to ebay!
Stampboards.com has endless scammer sellers, and rip-off deals being
highlighted each month. The vast number of idiots who leap in and hand
over $100s and $1000s to these crooks with minimal feedback or track
record, astounds me.
Googling the sellers offering things anyone with BRAIN can see are too
good to be true is easy. Why or EARTH would anyone imagine an insane
fake handle like “artau-0qii7” is genuine? A 5 second Google
leads you RIGHT to this warning on him -
tinyurl.com/BunnyEbay - so these greedy idiots deserve to
lose their money. Zero research.
“MUH” £1 Gilberts for $58??
The
Gilbert and Ellice 1924 £1 KGV head is RARE. SG 24, Cat £550 as HINGED.
A few exist MUH and will be worth twice that. I’d gladly pay $600 for a
nice one. Why on earth does anyone sane think a Commonwealth KGV “MUH”
Rarity will be selling for $A58?? As you can see - they DO! The
clueless dreamers on ebay.
Ebay Bunny Frenzy - all a mirage.
This
week’s madness involves a popular tactic. List up 100 or more scarce
stamps you do not own. Steal the images off real dealer or real
stamp auction sites. Or scan them off old paper auctions cats even. Sit
back - watch the Army of Bunnies bid like crazy on the “Bargains”,
gleefully pay you in full, and then you vanish with all the cash, and
abandon that account, and start new ones.
Sounds
impossible? Don’t kid yourself. There are $100,000s of totally
non-existent stamps “sold” each month globally on ebay. The Bunnies pay
in full - the scammers vanish with the loot, and the fun then begins.
Sobbing and blubbering via Negative feedback “Eye gurt reeped orf.
BaaWaah.”
Take a
look at just SOME of these images nearby that a Sydney forger listed up
this week - and see the stupid low prices these folks THOUGHT these key
stamps were really being sold for. Durrrhhh. “The Parade Of The
Suckers”.
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