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Glen Stephens
“Knowledge Is
Power”
I have
not kept
a record
of how
many
times I
have
typed
this
manta
over the
last 3
decades
in my
columns
and on
stamp
bulletin
boards.
It must
be
HUNDREDS
of
times.
However
the
message
never
dates.
If you
are just
a few %
better
informed
than
those
around
you,
the
cards
always
fall
your
way.
Not
everyone
can know
everything
about
stamps
.....
not even
stamps
from
their
own
country,
or even
area of
specialisation.
There
are
doubtless
hundreds,
if not
thousands
of
scarce
pieces I
have
blissfully
sold on
without
having a
clue
what I
was
doing.
And
that
would be
true of
all
larger
dealers.
One
simply
cannot
know
every
scarce
postmark,
every
constant
plate
flaw,
every
die,
every
perforation
variety,
or every
slightly
unusual
shade
etc.
The
buyer
off me
who DOES
know,
will
always
have the
advantage.
And so
it
follows
that
when you
buy off
anyone
armed
with
more
knowledge
than the
seller,
you'll
be in
the
strong
position.
Do
NOT
skimp on
buying
specialist
catalogues
and
reference
books,
as that
is where
your
knowledge
is
gained.
My
column
next
month
will
illustrate
boring
looking
South
Australia
Railway
parcel
stamps
that are
worth
$1,000
each.
Cost of
the long
awaited
catalogue
– $25!
One
mission
statement
of these
columns
is to
show
readers
things
that are
quite
valuable,
but to
the
casual
collector
or
dealer,
may not
appear
to be
worth
even a
second
glance.
“Knowledge Is
Power”. See
these illustrated
items in a club
auction, small
postal auction, or
dealer's window and
you can pounce on
them IF you know
they are scarce!
Please glance at the
photo nearby of a
block of 4 common 5c
stamps licked onto a
white card.
Do you know what
they are called, or
what they are
worth? 99% of
readers will
honestly answer "NO"
to both questions
I'd imagine.
Then let me ask, if
you saw ten
different cards like
this in the window
of an antique or
book dealer for
$A200 - would you
buy them?
A well informed
reader would buy
them so fast at
$200, their credit
card would have
friction burns!
They are worth
around TEN times
that.
Publicity Cards
It is a Post Office
“Publicity Card”, and the out of date
“Australian Commonwealth Specialists’ Catalogue”
(ACSC) has these cards valued at $A150-$200
each retail. The ACSC lists way over
100 similar cards for each new issue of the
era. They all readily sell from informed
dealers, at or around those prices. The leading Australian
specialist collectors - with one exception,
still do not have complete sets of these - or
anything like complete sets I understand. I bought 52 different
cards this month, and could have almost held a
private auction among a few leading collectors
to dispose of them as a group, for a pretty
decent 4 figure sum. I mailed them to the
first person I mentioned them to, but several
others would have gladly taken them. Until very recently
no-one knew much about these "Publicity Cards"
and most cared even less. Leading auctioneer Gary
Watson chuckled when I asked him about the value
of them in early September. "You mean those
white postcard thingies with common blocks of 4
licked onto them? We have a few in our next
auction actually" Gary said rather
dismissively.
The
$2,450 hand-writing
One of these
lots was a block
of 4 of the 1958
2/- Qantas. The
card had a hand
amended issue
date, and was in
the September 13
Prestige auction
with an
unaltered card -
estimate $400
the pair.
After fierce
bidding It was
invoiced at
around
$A2,450,
which might well
see Gary Watson
develop a far
more respectful
view of these,
than a $400
lot.
At least his
presumably
delighted vendor
will have a
new-found
fondness for
them! That
figure exceeds
the price of
many mint higher
value Kangaroos.
A blurry image
from the
Prestige website
is shown nearby
of this card …..
the value here
being the
handwritten
note, where the
issue date had
been changed
from that
printed on the
card.
Licked down blocks
These
cards
had
normal
issue
sheet
stock
blocks
of 4
licked
down,
when the
issue
was a
single
stamp.
Single
stamp
new
issues
were
often
the case
pre 1975
- like
the 1970
5c
Grasslands
card
shown
nearby.
One card
I had of
the 5c
Christmas
1968 had
4
singles
of the
same
stamp
licked
down.
And a
single
stamp of
each
value
was
affixed
to each
card
when a
set of
stamps
was
issued.
The
stamps
issued
in sets
of two
generally
had 2
pairs on
a card
like the
‘Expo
70’ pair
shown
nearby,
but some
sets I
had,
showed 4
singles,
2 of
each
design.
In the
case of
things
too
large to
fit
neatly,
like the
1971
Christmas
set of
7, only
a block
of 4 was
licked
on, not
a block
of 7
different
designs.
The only
person I
know of
with a
complete
set of
these
cards is
cover
collector
Frank
Pauer
from
Melbourne.
Frank
told me
this
week he
got most
of them
in a
junk
carton
lot from
Prestige
Auctions
for
"nothing"
as they
were not
even
mentioned
as being
in
there!
So again
it does
show NOT
all
dealers
or
auctions
know
everything,
and
those
like
Frank,
who are
students
of a
field
always
hold the
advantage
over us.
Pauer
told me
he sold
the
“spares”
from
that lot
to
another
auctioneer,
and it
near
subsidised
his
entire
collection
of
Publicity
Cards.
These
cards
were
issued
from
1952
until
the mid
1970s
for all
new
issues.
The ACSC
now
lists
and
prices
each
issue
that is
known.
Which is
why the
demand
now
exists.
Vertical Pairs. The ACSC prices are either $150
to $200 for each card, and the lot I bought had the AAT
and Cocos issues for the 1967-1973 period in there too.
Even if only 5 new collectors of
these official PO emissions emerge worldwide, prices
could double or triple, as most dealers have never seen
these, much less have any in stock. One experienced collector told
me about five to ten of each card would be his best
guess as to numbers surviving. If that is the case, adding a
zero to current prices might be more in order. These cards appear to have gone
nearly entirely to overseas embassies – one per office.
Apparently to alert travelling citizens, and immigrants,
what new stamps we had issued!
Condition problems
I am
advised
quite a
few in
collector
hands
have pin
or
staple
holes in
each
corner.
These
had
evidently
been
roughly
affixed
to lobby
notice
boards
etc,
with
thumb
tacks,
for the
display
purpose
they
were
sent.
Others
appear
to have
been
mounted
in
frames
to show
a
montage
of
recent
Australian
stamp
issues.
A small
lot I
once saw
had been
ruined,
as
strong
double
sided
tape had
been
used to
affix
them,
and some
cretin
had
roughly
peeled
them
off,
heavily
thinning
each
one.
The few
others
I've
seen
over the
years
have
mostly
had bad
foxing/spotting,
as many
are over
50 years
old now,
and the
cardboard
backing
is not
PH
neutral.
The card
they are
affixed
on
appears
to be
the
rather
acidic
general
printer
stock.
Not
unlike
the
board
stock
Asian
stockbook
pages
are made
from.
If so,
foxing
really
takes
hold in
humid
storage
areas.
Diplomatic
staff
generally
have
brief
postings
to any
one
location,
so this
may well
explain
why full
sets or
even
longish
runs are
virtually
never
seen.
Just
bits and
pieces
here and
there,
that
staffers
kept or
“liberated”
-
possibly
as
little
souvenirs
of the
posting.
Presumably
most
were
tossed
away
after
display,
as the
stamps
being
licked
down had
no more
"value"
to staff
than
stamps
licked
to an
incoming
piece of
mail.
And the
value,
even if
the
stamps
were
floated
off,
was just
20c in
the
typical
one
shown
nearby.
To steal
that
from the
Commonwealth
and
possibly
risk
being
sacked
if
detected,
would
have
little
appeal
to
career
diplomats
I
imagine!
Hence
the
rarity
of these
cards.
Leading
collector
Arthur
Gray
told me
assembling
these
sets is
a real
"needle
in a
haystack"
endeavour
- one
here,
one
there,
once or
twice a
year.
Then a
few turn
up
somewhere
else,
but you
already
have
half of
those,
making a
full
collection
run of
way over
100
different
cards a
really
tough
project.
New Gibbons Catalogue For about 100 years SG published the "Part One" - a detailed priced listing of all Commonwealth stamps issued from 1840. It got thicker and thicker with all the coloured wallpaper new issues from places like Guyana. From where literally dozens of pages were filled with un-necessary new issue junk, and all of us needed to pay for a thick section of catalogue listing that we never looked at. The books got to be 2 massive hard cover volumes - so Gibbons simply stopped printing them. And had no plan "B" in mind. The last set of these that I have been using in my office is dated 2003, and it is falling apart. For a while afterwards all one could use to look a 1953 Commonwealth definitive set, was to lug out the huge Simplified world catalogue, from one of 4 or 5 hard to handle huge soft cover volumes. There were no mini sheets listed, no perf varieties, no watermark errors, no booklets, no "on cover” rates etc. Near useless for many users. Then someone at SG finally had the bright idea to issue a single volume for all stamps 1840 to 1952. - i.e. pre QE2. Handy and welcome, but it still did not cover the VERY popular early QE2 issues.. The prices for early QE2 booklets, errors, and perf vars, had therefore not in most cases been updated since 2001 when the "2002" cat was priced. At LAST - a new SG ! This all changed with the way overdue issue last year of what I suggested 3 years back - a 1840-1970 single volume.
Which contains the usual detailed information on this reign. The new "2009" edition will arrive into Australia late October. The dreary black and white photos, printed on grey/yellow paper stock have now been upgraded to full colour photos on bright white paper. SUCH an improvement, when I compare the 2 issues side by side, for only 6 years difference in time.
Colourful and
vibrant
The SG
is now
printed
on a
nice
crisp
fresh
white
paper
stock.
Cheery
and
"alive"
compared
to my
already
VERY
yellowed
2002 SG
pages
with sad
grey
illustrations.
Lots of
constant
flaws
are now
listed.
Lots of
inverted
watermarks
- find
just
ONE, and
the
entire
book
could be
readily
paid
for!
Indeed
some are
worth
many
times
the cost
of this
book.
So
bottom
line, go
and buy
one -
in case
some 25
year old
pimple
faced SG
MBA
decides
not to
make
them for
another
decade!
It is a
good
compromise
making
it up to
1970.
It can
be price
updated
each
year or
so
hopefully,
and yet
not
affect
the book
size or
weight.
An 1840
to 2009
set
would
easily
run 3 or
4
volumes,
and
no-one
could
afford
to buy
it.
Personally
if I
ever
need to
look up
modern
Guyana
(and I
never
have!)
I'll do
that via
"Stamps
Of The
World".
The new
release
is a
huge
hard
covered
book,
and is
way over
600 huge
format
pages
thick.
It is
not
cheap,
but
trust me
you'll
do well
to
invest
in one.
This
catalouge
is about
the size
and
weight
of a
Sydney
telephone
book.
If you
have not
sighted
one
before,
the
extra
detail
now in
the SG
is most
welcome.
Not only
all the
known
inverted
and
sideways
watermarks,
and all
booklets
etc, but
a TON of
retouches,
and
dies,
and
constant
plate
flaws
etc.
LOTS of new detail.
Even for the
Australian States, SG have done a
large amount of work improving and
updating this area. As you can
see from the close-up shot nearby I
took of part of the Queensland
listings. The one
thing Australian buyers can be
delighted with, is that the retail
price of this was set in September,
when the $A was soaring against £
Sterling. Cheaper
than importing
Australian
SG
agents
Renniks
were
able to
lock in
the then
wonderfully
weak
exchange
rate,
and
REDUCE
the
retail
price
heavily
over the
previous
edition.
From
$A250 to
$A220.
SINCE
then of
course
the $A
has sunk
like a
brick,
dropping
about
20%
against
the £
Sterling
in a
month or
so.
So if
you only
update
your
catalogues
every
few
years,
this
might be
the
ideal
year to
grab
one!
Buying
from a
local
dealer
costs
LESS
than
getting
one
direct
from SG
in the
UK. One
almost
never
sees
that
occur.
In
England
the
retail
is £70
with £25
unregistered
shipping
to Aust/NZ
- with
no
stamps
used -
disgraceful
policy
from
Gibbons.
£95 as I
type
this is
near
$A250.
And you
may
incur
all
kinds of
customs
and
import
hassles
as well
of
course,
on top
of that.
Now in full colour. So buying
off a local dealer will be $A30 cheaper than getting
direct from the UK, if our dollar stays weak. In
the past, local retail was always a lot higher, due
to freight and GST etc. I've
pre-sold quite a few this week so you can bet the
importer stock will sell out sooner rather than
later, so grab one of these now if you need to
update! All large
dealers will have ordered copies, and seamail stock
from England should just have arrived into Australia
as this column goes to press. I have a
carton pre-sold to clients already, so this will be
a big winner for the local agents. Highly
recommended.
Dynamic
Dealers!
My
recent
column
and
photos
of a
youthful
Max
Stern
running
around
the
Beijing
"Olympex
2008"
Exhibition
at
age
87
garnered
quite
a
few
incredulous
comments
as
to
where
he
gets
the
energy.
Licking
the
gum
of
stamp
hinges
must
have
some
special
longevity
properties!
I am
advised
that
one
of
Max's
long
time
associates
-
Bill
Hornadge,
turns
90
in
early
November,
so
here
is a
‘Happy
Birthday’
wish
to
Bill!
This
photo
nearby
was
taken
in
Melbourne
in
2004,
with
Bill
blowing
out
the
huge
"Golden
Anniversary"
cake
made
for
"Stamp
News".
Happy Birthday Bill!
Hornadge gave Max Stern, the newly arrived
eastern European migrant his first big break in
the trade, sending him overseas with a blank
cheque to secure the many millions of stamps
urgently needed for the vast "AMPOL" petrol
giveaway promotion. Under
his stewardship, Seven Seas went on to become
one of the best known dealers locally for
decades. $4 Million
sale Reader's Digest purchased Seven Seas Stamps off then owner Kevin Duffy in 1980 for $A4 million - a phenomenal sum of money back then. Hornadge made Dubbo, New South Wales the de-facto philatelic capital of the Southern Hemisphere for quite a period.
100 sets exist "Stamp News" did a
special set of covers in 2004 for their 50th
Golden Jubilee, signed by both the then and now
Editors - Hornadge and Kevin Morgan. These had the special
gold overprinted imperforate 'Australia
99' mini sheets on them, (themselves a $40 set!)
and only 1,500 sets of sheets were overprinted,
and about 100 of so of those sets went onto
these special covers. They sold out rapidly,
and were unusual, as the underlying mini sheets
themselves are very scarce. A nice specialist item,
and I get a few covers back in the
collections I buy from time to time, and they
sell fast at $90 the pair, the sheets for $50 a
pair.
Sold these TWICE Another Sydney
dealer still going strong is the legendary
Ken Baker who is nearly 97. In my feature piece
on him in July 2007, he assured readers he
was well on track to getting his "Queen's
Telegram" in a few years! He is proud of his
Member Number "1" plaque from the
Australasian Stamp Dealers' Association -
now known as APTA. Ken Baker is a
wonderful gentleman - in the true meaning of
that word, and there is not much that has
occurred in this business since 1930 that he
was not a part of in some way – both in the
UK and Australia. Baker bought and
sold nearly EVERY rarity this country had.
Some, like the unique KGV head 2d tête-bêche
pair shown nearby he sold twice - for £250
each time. He really should
have kept it .... today the ACSC lists it
at $A250,000, and
SG 99ac is £120,000 = $A300,000.
Who says there is no money in stamps?!
Ken and Mona Baker
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Full Time Stamp Dealer in Australia for over 25 years.
Life Member - American Stamp Dealers' Association. (New York)
GLEN $TEPHEN$
Full Time Stamp
Dealer in Australia for over 25 years.
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Tor Walk, CASTLECRAG (Sydney), N.S.W. 2068
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Monthly "Stamp
News"
Market Tipster Column
November 2008
Guess
the
value?
The new 2009 SG Part
1.
I am
sure the ‘tall but true’ stories the two of them
could tell would be best sellers, if Bill ever
committed them to paper, and secured a good
defamation lawyer! For
those who are not aware, Bill Hornadge founded
"Stamp News" in 1954, and went on to found
Seven Seas Stamps.
Bill is still a tireless worker, and publishes a vast range of niche books, on all kinds of quirky subjects, but most have an Australiana theme. He still has a now dwindling stamp stock, and I am regularly buying and breaking down much of Bill's material. Only last month I placed a couple of cartons of it, and seeing the variety of it reminds one of what a great marketer Bill Hornadge was.
One of the great characters of the Australian stamp business, and I have a hunch Bill has several dozen books still in him yet!
Baker formed that
Association in 1948, and like Bill Hornadge,
took a very keen and vocal and similar
interest in the recent events there.
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