Boy, Scott's ducks the non-perforation All Star controversy

[CowboySpirit]

I have been waiting for Scott to list numbers for the All Star series. It was a disappointment when they did not address the non-perforation sheets other than list them as full print sheets. I expected them at least to give them a sub letter. I think the pressure from collectors was more than they were willing to face. It's a shame because I expected them to be a valuable collectible.

Dennis.
WWW.BidStart.com/stores/TheStampBug

[richd4549]

I have been waiting for Scott to list numbers for the All Star series. It was a disappointment when they did not address the non-perforation sheets other than list them as full print sheets. I expected them at least to give them a sub letter. I think the pressure from collectors was more than they were willing to face. It's a shame because I expected them to be a valuable collectible.

Dennis.
http://WWW.BidStart.com/stores/TheStampBug

Oh Joy!!!!! Another valuable collectible...just like Franklin Mint or The Postal Commerative First Day Covers. In my opinion they are nothing but a label to sell to greedy dealers who will ry to rip off the collectors for their suppossed rarity. The only difference between this and the US Mint selling bullion or buying silver ingots is that gold and silver will always have some value and can been sold at "spot". This issue is already not only issue that has been created in imperf. sheets and be assured it will not be the last. It is a way for USPS to make a buck or two because they realize that no one will ever put them on a package or envelope. Good for them bad for those who will unwittingly buy them at a super premium price from some lucky greedy sellers who are able to be lucky enough to obtain them. Just look what happened to the price of Silver Eagle dollars when the public is not able to purchase them and greedy coin dealers buy them all have them graded enmass and charge many times over spot for them. The same will happen with these imperf. sheets. Again just my opion on the superficially created collectible.

[CowboySpirit]

Ah Rich outspoken as ever, miss hearing from you. The next time I pay an electric bill, telephone bill, insurance, auto, (those I feel are the real greedy ones,) I will use one of these non-perforated stamps so you won't be able to say "never". I remember in 1st grade the teacher lifting me out of my seat by my hair because every time she asked a question to the class I threw my hand up, I tended to blurt the answer out as well. So if the answer is, am I offering these stamps at an inflated price, and doing so, I am considered greedy, then I am raising my hand now. So if you will excuse me I think I am going to go wallow in my shame.

Dennis

http://www.bidstart.com/stores/TheStampBug

[stampsz]

the stamp and coin dealers sell this crap, because the buyer is greedy and thinks it will be wort a fortune someday.Examples JFK and Elvis stamps. hoarders bought 100's at a time and waited for the big profit. You can buy these stamps below face. There will always greedy hoarders trying to make a fast buck.I have seen alot of junk sold to collectors, because they wanted it for their collections. Nobody there was greedy. You can collect whatever you want . On the other hand if you don't want it don't buy it.

[richd4549]

the stamp and coin dealers sell this crap, because the buyer is greedy and thinks it will be wort a fortune someday.Examples JFK and Elvis stamps. hoarders bought 100's at a time and waited for the big profit. You can buy these stamps below face. There will always greedy hoarders trying to make a fast buck.I have seen alot of junk sold to collectors, because they wanted it for their collections. Nobody there was greedy. You can collect whatever you want . On the other hand if you don't want it don't buy it.

But it is the sellers who hype the product and convince the uniformed buyer that it will only appreciate in value. To Dennis's point the buyer unwittingly purchase the product(s) with believing they are going to make millions(hyperbole). How many people even got there money back when they went to sell their Franklin Mint Silver ingot/tokens that where priced many times over spot. As an example, starting in 1986 I started purchasing Silver Eagle Dollars, I had all of them Graded by PSCS at MS70 and Deep Cameo Graded Proofs. In 2006 I went to purchase a house and went to sell them and I expected I would be able to make a hefty down payment on the house. I went to a very reputable coin dealer with my hoard and fell on the floor when I was offered spot plus $1.00 per coin. I settle for spot and $2.50. I asked what would I get if the coins were all scratched up or dinged and was told spot. Just goes to show who can you trust when it comes to purchasing these " limited edition" collectibles.

Stay cuddly my friends. Hug your Beanie Baby.

[stampsz]

What was the reason you bought them?
people always read about others making a killing and they want to also.Analyse why you gave into the hype.

[richd4549]

What was the reason you bought them?
people always read about others making a killing and they want to also.Analyse why you gave into the hype.

I was a sucker and learned a hard lesson about grading and I will never buy anything stamp, coin,sports card, comic book, etc again. At the time graded coins were about 3 to 4 times spot. In the late 1990's graded coins went for insane prices amd still do today.Fortunately for me I took a loss but it could have a lot worst. At least I only put a few of those eggs in my basket. Live and learn.

[stampsz]

Don't feel bad, thats how we all learned. Show me someone who's perfect!

[CowboySpirit]

Wow! Rich you might have to end up saying at least I am fair on my prices. Most of the times we have always been on the same side of the fence on things. Remember 5 years ago when the guy called Stamp Wants, "full of a nickle and dime sellers". We have came a long way since. This morning, I happen to run a search on "All Stars" in stamps. You should see the offering for auction for a block of 4. It will be at least Sunday, Sept. 9th before I list the lots I have put together, (I am still working 3 jobs when you consider the statement "I am working on stamps", the explaination I give my wife when she wants something done around the house), and it takes a little longer for me to get things listed. Now I am worried someone will just come in and swoop them all up when my intentions are to get them in the hands of collectors. Several weeks ago I sent out a couple of feelers by listing a set of four singles. I listed one here and one on the other site which I haven't done for 5 years. I got less than $2.00 here and less than $4.00 there. So we will see how it goes. But in regards to coins, a guy just told me a story about a set from last year, a set of 5 coins that only 25,000 set were released and they were sold out in 5 hours. The set was originally around $250.00 and because he missed out, he finally got set for $800.00. So apparently this kind of thing goes on all the time.

Dennis. The Stamp Bug

[keesindy]

I don't know about graded silver coins, but the prices for ordinary Peace and Morgan silver dollars have gyrated dramatically over the past 30-40 years. Timing is everything.

The same is true for gold, but the general trend for both metals seems to be up because of inflation expectations due to all the deficit spending by various governments around the world. One thing to note is the historical ratio of the prices of gold to silver. It has changed rather dramatically of late.

[richd4549]

Wow! Rich you might have to end up saying at least I am fair on my prices. Most of the times we have always been on the same side of the fence on things. Remember 5 years ago when the guy called Stamp Wants, "full of a nickle and dime sellers". We have came a long way since. This morning, I happen to run a search on "All Stars" in stamps. You should see the offering for auction for a block of 4. It will be at least Sunday, Sept. 9th before I list the lots I have put together, (I am still working 3 jobs when you consider the statement "I am working on stamps", the explaination I give my wife when she wants something done around the house), and it takes a little longer for me to get things listed. Now I am worried someone will just come in and swoop them all up when my intentions are to get them in the hands of collectors. Several weeks ago I sent out a couple of feelers by listing a set of four singles. I listed one here and one on the other site which I haven't done for 5 years. I got less than $2.00 here and less than $4.00 there. So we will see how it goes. But in regards to coins, a guy just told me a story about a set from last year, a set of 5 coins that only 25,000 set were released and they were sold out in 5 hours. The set was originally around $250.00 and because he missed out, he finally got set for $800.00. So apparently this kind of thing goes on all the time.

Dennis. The Stamp Bug

Dennis, I meant no offense to you.I am sure your prices will be fair and you are not trying to rip people off. I am jsut getting tired of all these created rarities that you see today. You can't even watch a tv show without an ad touting this is very a limited edition, buy it know in the next 7 days and the same ad airs for months. I know the USPS is trying to make some spare money by issuing limited edition products. Good for them. My only concern is some of the big dealers will eventually by up all the inventory before collectors or smalll dealers will not be able to get them. This has happened to the US Mint bullion issues and now collectors have to pay super premium prices to keep their collection complete.
Oh by the way please to notcut up a sheet and use it for postage

[richd4549]

I don't know about graded silver coins, but the prices for ordinary Peace and Morgan silver dollars have gyrated dramatically over the past 30-40 years. Timing is everything.

The same is true for gold, but the general trend for both metals seems to be up because of inflation expectations due to all the deficit spending by various governments around the world. One thing to note is the historical ratio of the prices of gold to silver. It has changed rather dramatically of late.

I can not disagree with you about "real coinage" but bullion is a different story. Bullion is sold at spot to the dealers and the dealers should be selling them at spot. Now the market has been hijacked from collectors the big dealers are having them graded and selling them many times over spot. A person can no longer buy what once was affordable pieces of silver or gold and put it away as an investment. It would take lifetimes for spot to rise enough to even break even.

[keesindy]

I'm biased, Rich. I've never felt that either stamps or coins were worthy of consideration as investments except for the rarities that Bill Gross, et al could afford. If one is primarily interested in investing in gold or silver, I think it's safer (not necessarily safe, but safer) to just buy ordinary Morgan, Peace or Eagle coins (or bars).

[CowboySpirit]

I didn't take any offence. Only one who makes me nervous in Mark. He must have a lot of pressure on him. But now I am really confused. I just read an article in Linn's about the new Purple Heart stamps to be released or were released yesterday. They are saying, they are being releasing in 3 pane press sheets from the original pane sheets of 21. But they go on to say "These 3 pane press sheet segments will not have the standard die cut separating individual stamps." What does that mean? Does it mean non-perforated or they are going to use a different die cutting. I never fooled with press sheets before. I only purchased them if I hadn't got enough regular stock sheets and they were sold out. Most of what I get involved with are modern US stamps though I am forcing my way to sit down and sort thousands of Worldwide soon. This year has been a killer year with new issues and next year looks like we are heading down the same path. I am sure the USPS needs the money but my sales are down and I can no longer rob Peter to pay Paul. I am not going to chase down non-perforations when Scott isn't going to reconize the differences.

Dennis/The Stamp Bug

[CowboySpirit]

This is going to be final word on this matter. I couldn't have orchestrated such a fiasco if I had tried. What a cluster f##k. I have seen blocks/4 offered for $139.00, $40.00 and $3.49. I wish I had stayed out of it and bought stamps I needed. Somebody at the post office is grinning like a Cheshire Cat.

Dennis/The Stamp Bug