The new Gibbons 2015 “Concise”
catalogue of Great Britain postage stamps has just been released locally, and
all main dealers will have stock.
If you collect or stock GB stamps, you MUST
get a copy, or you will be way behind the market on current stamp prices.
“Concise” near 500
pages thick.
Hugh Jefferies and co-editors
of this huge full colour opus should be very proud, as it is now nearly
500 pages thick, and weighs in at a very impressive 1.2 Kilos.
Australian RRP is very
similar to the UK retail of £35, so the local price of $A78.50 is most
attractive, being near same as in England - most especially as they are
heavy to ship here. I’ve pre-sold many so far.
The “Concise”
will stay open on your desk without the need to balance something on one
side. This makes it much easier to use, and the spine is likely to stay
intact for a great deal longer.
Telegraph Issues Strong
On a quick look through,
there are upward price fine tunes where warranted through all Reigns and eras.
Often in unexpected areas like the Telegraph Stamp issues, which seem to
be on a continually upward price graph.
GB Telegraph Stamps
popular.
I sold the QV imperforate 1/-
“Specimen” shown nearby last year for a quite tiny sum,
and this kind of thing I feel sure will double in value in a very short
time frame. Supply is negligle in this field, and demand is growing
yearly.
This new 2015 “Concise”
catalogue of course lists and prices all FDCs and PO packs, and PHQ
cards, and watermark and missing colour variations where recorded, and
that is a huge plus for collectors and dealers.
I was looking up some modern
GB FDC’s which were up nicely over last edition - not bad, as I was
working with a book of them!
Modern GB
stamps on the move.
Prices have been reviewed throughout this Edition, with increases in all
periods, from QV line-engraved right through to recent issues. There are
notable increases for varieties, errors, Machins, “Post & Go” stamps,
and booklets.
High flyers often up too.
Many already high priced stamps go
up again. Mark my words - you will see this same pattern occur for
several years to come in SG catalogues for better early GB.
The lesson? Buy the stamps
you need NOW in this better grade of material. The common $5 type
items will likely still be $5 in 10 years’ time. Maybe less.
The $500 item might however
become $1,000, and the $5,000 stamp might be $15,000. Or far more, in
some instances I can think of.
And the same money in the
bank will likely to have gone up less than 10% or so in 5 years after
tax, the way low interest rate are globally right now.
These
will NEVER get cheaper
And
if left in the stock-market, or traditional funds, it may well have
DECREASED, as we can all see from some recent annual returns!
As
an example of how easy the pricier material is to sell, I have set up a
“Rarity” page offering choice single items and covers
priced mainly around $A1,000.
Scarcer stamps selling
well.
Shameless plug, but many
items sell in a day or so of listing them -tinyurl.com/StampRare - and
other dealers report the same experience with top shelf material.
With the incredibly weak $A
in recent months, most of what I list goes to the USA or UK, both of
whom have strong currencies. A stamp priced at $A1,000 costs a Brit
about £470, or $US740, so that one stamp is $100s less than last year to
either buyer.
SG’s Hugh Jefferies
gets MBE.
Hugh
Jefferies, Stanley Gibbons Catalogue and GSM Editor, gets an MBE. The
official wording in the June 12, 2015, Queen's Birthday Honours List
was:-
Member
Of The British Empire (MBE) - Mr Anthony Hugh Mostyn Jefferies - Editor,
Gibbons Stamp Monthly and Stamp Catalogues. For services to Philately.
A VERY well
deserved award. Here is a short ‘YouTube’ promo clip that Hugh did for
promoting Gibbons Stamp Monthly (GSM) -
tinyurl.com/HughSG - I lifted
the photo nearby from that video.
I’ve known
Hugh for decades, and how on earth one person juggles as many jobs and
tasks as he does, and so seamlessly and professionally, continually
amazes me, as I’ve commented on in the past, many times.
And now -
Hugh Jefferies, MBE.
The endless stream of SG
Catalogues of all types, shapes and sizes, would be a job most companies
would have a big team of folks working on, and the huge "Gibbons
Stamp Monthly" ditto, yet for very many years Hugh did the lion’s
share of both, as far as I understand.
Hugh told me recently his
attempt to ease into a more retirement based phase has not succeeded too
well, and he is still working near as many hours as he always did, on
the endless stream of SG catalogues!
Stamp Honours rare in
Stamp World.
Great to see anyone in stamps
getting these honours … I recall Max Stern got an MBE many years ago for
"Services To Philately", and there are precious few others
globally on that esteemed list, to be honest.
Having a very steady, savvy,
and experienced hand at the tiller for such important resources, is a
stabilising and secure outcome, and do not EVER underestimate the value
of that, for an ordered stamp market. Globally.
tinyurl.com/HughMBE is a
discussion on this award for those interested with several anecdotes
from those who have also worked and consulted with Hugh Jefferies, MBE.
Get WRITTEN Insurance
valuations.
I
am always amazed at how many otherwise very savvy collectors mention in
conversation they have ZERO formal insurance documents covering their
stamps. Often for 6 figure collections.
The
USA seems pretty lenient on stamp insurance. In Australia Insurance
companies are (understandably) very hard-nosed and tough.
I
do many Insurance valuations and claims matters every month, and have
flown to all states to do this, for insurance and divorce and probate
matters etc, as outlined here in detail -
tinyurl.com/GlenIns
You MUST get stamps insured.
In Australia, in short, if
your stamps are stolen, burnt, water damaged etc you generally have
**ZERO** chance of getting a cent, unless you can furnish insurer with a
detailed, dated, and signed assessment.
They ask that it be done by a
qualified, independent stamp valuer, whom they recognise as such. A
scribbled note from your mate at a stamp club etc, they will simply
NOT accept, as many assume AFTER the event will be the case!
Penny Pinching brings
$100,000 loss.
One local client had about $100,000
real world value of mainly Kangaroo stamps etc purchased over the decades, from
dealers, fairs, and on-line etc. He asked me what it would cost for a formal
typed valuation, and told him the typical cost was $200-$300.
Mr. Genius snorted derisively, and
told me that was far too high, as he had an Excel document listing them all in
great detail along with catalogue values etc, so felt happy his detailed
inventory was going to be sufficient.
He was burgled last year, and
cheerfully emailed his inventory to Insurers after the theft, and they basically
laughed, and said he might well have typed that up a few hours back, and paid
him zero, and declined the claim entirely.
My Dad used to call that logic
"Penny Wise, Pound Foolish" and this fellow's "saving" of a couple $100, on
a professional written valuation, cost him $100,000 more or less. The stamps are
gone forever.
Anything less than that kind of
detailed, dated and lodged with insurer in advance documentation, and you have
no chance in general. (Here in Australia anyway, I can't speak for overseas
countries.)
Useful for Police & Dealer
tracking.
The good thing about a
detailed written valuation, is that it can be handed to Police and
circulated globally to stamp dealer bodies. I get regular advices from
PTS/ASDA/IFSDA listing stolen material, and stamp dealers are a small
group, and we can often help recover the goods.
You need to specify
ALBUM values.
A common mistake is not to
specify the replacement costs of your album and pages and
catalogues etc. The 4 x “Lighthouse” albums shown nearby I sold
to a client this month with Australia hingeless pages in them. Cost him
$A1,800 alone.
In his case my written
valuation had $42,500 for stamps, and $5,000 to replace the Hagners,
albums and slipcases and catalogues and reference books. Many dealers
fail to list those, and value them.
For all written valuations I
do, I mail the client TWO copies on letterhead. One copy I urge
collectors to keep filed safely, the other copy I urge they mail
Registered Post to their insurer to attach to their file.
THEN if your formal valuation
dated August 2, 2015 is on their file, and your house is burgled,
flooded or burnt down etc in November 2015, and the Police/Fire
Department report confirms that event, they tend to accept that stamp
loss as real and confirmed, and they pay up on it pretty fast.
One client got ~$50,000 back
recently, based solely on my very detailed valuation letter of a year
earlier, which outlined the replacement value of his stamps, pages, and
reference books and catalogues.
I am right now in the middle
of a holiday to Thailand, Korea, China, and then Mongolia. Trip
insurance is just a few $100 also, and no-one SANE would go on trips to
places like that, with no travel insurance, yet the same folks
cheerfully do not bother with stamp insurance!
Written in the Gobi Desert.
This column
is being completed in mid July, literally in the middle of the Gobi
Desert in Outer Mongolia, so it may be a little briefer than usual, due
to time constraints, and almost total lack of internet access.
Been here
for a few days staying in very basic Ger/Yurts, drinking fermented Yak’s
Milk, and riding the unique 2 hump Mongol camels, and nimble steppe
ponies etc.
Flew in
via a long 24 hours of flights via Bangkok to Beijing, population 22
million, for a few days of exploring, and climbing a remote section of
The Great Wall, hours from downtown.
I stupidly
spilt Champagne onto laptop keyboard in Thailand airport, totally frying
the motherboard, and spent days in Beijing, frantically tracking down an
authetic ASUS R505C board, at truly vast expense. And then the long
flight to Ulaanbaatar, Outer Mongolia.
“Glen goes Gobi”
Overnight
there, and up at 4am for a 1½ hour small plane flight into the Gobi
Desert on Aero Mongolia to Dalanzadgad, the capital of remote Ömnögovi
Aimag region in Mongolia. Population about 15,000. Altitude is around
5,000 feet - must be fun to visit in mid-Winter!
Then drove
south for many 100s of kms south, in a tough 4WD, down unmade sandy,
rutted tracks, deep into the Gobi Desert, to get a little taste of
things that have been VERY largely unchanged and untouched by tourism
for 1000 years.
Slept in
the round traditional Gers/Yurts, with a small candle only, and no hot
water anywhere etc, and ate goat curd cheese, and drank fermenented
mare’s milk etc.
We took the 2
hump camels to the base, and then barefoot climbed the huge “Singing
Sand Dunes” - seemingly almost mountain range size, to see the sun
set over the vast Gobi desert. When the sand avalanches down the dunes
“sing”.
No internet access.
Internet and cellphone access
was near TOTALLY non-existent in the Gobi. Then a flight back to
Ulaanbaatar, for the annual NADAAM Festival, where Mongolian
tribesmen gather to compete against each other in Archery, Wrestling and
horse racing - the national top sports.
It is a 5 day public holiday,
and THE biggest deal of the year. We were in the stadium to see
the Wrestling final “wrestle-off”. The huge sized winner is an instant
National superstar, and gets a Land Cruiser, a large box of money, and I
understand, an apartment.
Have planned to visit NADAAM
a couple times in the past, and the cards finally fell into place this
year. Accommodation is the big issue, as it oversells out, as only a few
(mediocre) Western standard Hotels there, and their rates go up to $A500
a night, as they know they CAN!
Unique 2 hump camels, in the wild.
I've
visited many Deserts in my world travels over the decades. Had a
Christmas day in the Kalahari Desert in Botswana in "Jacks Camp" sited
right on the remote Makgadikgadi Salt Pans. Have ridden camels in the
Sahara in Egypt, and Tunisia North Africa.
And
crossed the Nullabor and Simpson Deserts here, and spent New Year's Eve
in the flat coastal Atacama Desert region of Peru, and been twice to the
Tierra Del Fuego desert in South Chile. The Mojave Desert in Utah. and
oddly but accurately, the world's largest desert - Antarctica. But never
the GOBI Desert!
Mongolia stamps sell for $A4,550!
Mongolia stamps
can get very pricey. The 1943 Definitive set shown nearby sold on ebay
recently for approximately $A4,550 in mixed condition. It
attracted 65 bids starting at $1. Amazing, have never seen it before
and have no idea of its catalogue value!
Better Mongolia stamps a “Sleeper”.
The philatelic
material of Mongolia is in increasing global demand. From the quirky
“Tanna Tuva/Touva” material of the earlier 20th Century, to
more modern issues, catalogue values can be very high.
Mongolian
stamps have strong followings from both Russian and China collectors, as
both heavily border the country, and both have had very close relations
with the country in the past.
I seldom get
anything better and earlier into stock, and was lucky to buy a few sets
of the 1962 Genghis Khan quartet shown nearby when in Ulaan Baator, from
a stamp contact there.
1962
Genghis Khan stamp set.
These seemed a
pretty looking set to me, and with current SG cat only £52 a set, would
appear to have a ton of upside in the near future I’d suspect. Listed
them into stock at a low price, in case anyone has a gap in their
Mongolia collection!
There have been
extensive mineral and oil discoveries here in Mongolia, and the economy
will skyrocket ahead in years to come. The people are fiercely
nationalistic, and I suspect buying of stamps by the “new money”
class will be strong.
1¢ British Guiana Buyer revealed.
Well the secret
is just out. The buyer of the unique British Guiana 1856 1¢
Black on Magenta for $US9.5 million (today $A12. 835m) in June 2014 was
revealed this month - a year after he bought it.
New York
fashion shoe-maker Stuart Weitzman, known for his expensive leg-thinning
boots, and strappy sandals, is confirmed as the new owner of the most
valuable item on earth for its size and weight.
$13 million for one stamp.
Mr. Weitzman, 73, started
collecting stamps at a young age, growing up in Queens, New York, but
went on to fashion notoriety creating shoes for everyday wear, as well
as special diamond-encrusted and gold shoes etc for the “Red Carpet
set”.
Weitzman told the “New York
Times”, “I had an album, an American album but of world-famous
international stamps, and there was a big hole on the top of the page
for the British Guiana." It looks like that small blank space
has finally been filled.
On Extended Public
Display.
The famous stamp will soon go
on display at the Smithsonian’s National Postal Museum in Washington,
until at least November 2017, the longest and most publicly accessible
showing in its history. It will be on show at the huge New York “EXPO”in
May 2016.
1856 1¢
British Guiana stamp.
Weitzman seems to have gone
on a stamp buying spree of some magnitude. The “New York Times”
reports he also owns the $US5 million or so 1918 “Inverted
Jenny” Plate number block 4 shown nearby.
This block was famously
swapped by multi-billionaire Bill Gross in 2005 to obtain the unique in private hands, USA
1¢ Blue “Z” Grill stamp he needed to complete
his USA 19th Century collection - which then went on to win
top global awards.
The “swapper” was Donald
Sunman owner of Mystic Stamp Company in New York, who is the supreme
Barnum and Bailey showman of the US stamp business. ’Jenny’ prices have
been super soft in the past year or two, and he might have decided to
get whatever he could, and fire up the media machine.
Sold for
around $A6.75 Million.
Way back in October 2014 Sundman gave
“Linn’s Stamp News” a breathless sounding story that now seems
like partly or largely fiction like partly fiction of
some curious kind, now the real NYC purchaser has just been revealed.
Some curious claims.
Sundman
oddly claimed the sale of the block of 4 was for “North of $US4.8
million” (now widely claimed to be $US5 million = $A6.75m)
and, “it was a price I just couldn’t turn down.”
He told Linns
back then, a secret caller phoned, who represented a group of clients,
who Sundman described as - “overseas” and
“European” individuals who like to collect valuable things, not just
stamps. They are neither philatelists, nor investors.”
Sundman
claimed he met his “buyer” at a bank on October 4, 2014, and stated the
buyer seemed to know little about stamps. He stated he was paid by
Certified cheque, that his bank verified was good and genuine.
Who knows
what the real story actually was, but the “overseas” buyer
appears to be simply a New York local like Sundman was. Nothing in
American large stamp deals ever seem to be straight forward!
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