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What are My Stamps Worth?

One stamp here is worth $7, the other $7,500! Which is which?

The RPA invites members of the public to join us between 7-7:30 PM before any of our regular meetings and bring their philatelic items for us to examine and evaluate for you at no charge. We'll be happy to recommend sales or donation options as well. Check our meeting schedule page for dates.

We get asked lots of questions as stamp collectors, but the question above is by far the most popular! There are plenty of myths about what makes a stamp valuable, so let's investigate some of them.

Myth 1. If it's old, it must be worth some money.

Wrong. Age may give you "bragging rights," but it doesn't guarantee value. Some US stamps issued during the Civil War were printed by the tens of millions and used over many, many years. Even today this overabundance remains and some can be bought for 25 cents or less!

Myth 2. Mint (unused) stamps are always worth more than used stamps.

Not always. Some stamps were in use for a very short period of time or released for very obscure reasons and simply weren't used often. In these cases their value will be enhanced if they remain on they envelope they were originally used on. Never remove stamps from their envelope unless you know what you have.

Myth 3. Sheets of stamps have greater value than the sum of the individual stamps.

Again, not always. Not long ago people were "told" that by saving whole sheets of stamps in the 1940's and 1950's they could eventually put their kids through college. Well, plenty of people did just that. These stamps were printed in the hundreds of millions and when it came time to sell them the laws of supply and demand took over, leaving most disappointed to say the least!

So how does someone figure out value?
The pricing "bible" used by stamp collectors in North America is known as the "Scott's Standard Postage Stamp Catalogue." It is issued yearly and comes in several volumes listing postage stamps from the US and around the world. Each page depicts stamps in full color and gives relative retail values for them in both mint (unused) and used condition, as this part of a sample page shows. Larger libraries have these, although they may not have the most updated version. Notice the word "relative" was used here. Values are not what you can expect to necessarily sell your item(s) for. Dealers and collectors buy at a percentage of catalog value, and that percentage can be quite varied from dealer to dealer, especially if sold along with a mass of other items rather than individually.
And some stamps can at first glance look similar but have very different prices. Take another look at the two stamps at the top of the page. On the left is U.S. Scott #424A, a rare Perf 12x10, valued around $7,500, even though it is off center and a bit discolored. On the right is U.S. Scott #405, Perf 12, valued around $7.

Don't know what a "perf" is? We do! And that's the whole point of this discussion. You should take your holdings to an expert who knows value and what to look for. Members of the public are always welcome to join us between 7 and 7:30 PM before our formal RPA meetings start and bring their items for us to have a look at. Check out when and where we meet here. There is no charge for such a cursory examination by us. We can also recommend area collectors or dealers who may be interested in them.

If your holdings are more extensive than a few stamps or albums, or a more formal appraisal is required, we can recommend members or dealers who can do that for you for a nominal charge.

Also as stated on our main page...

The Rochester Philatelic Association is a recognized 501(c)3 not-for-profit charitable organization by the Internal Revenue Service and
incorporated in the State of New York. We gratefully accept donations that are tax deductible to the fullest extent of the law for those who itemize.
Donation questions may be emailed to stamptmf@gmail.com.