Very little has been written on the subject of “The Law and Philately.” One legal guide to buying and selling stamps, however, is well established by court decisions. The courts have ruled that stamp dealers are responsible for what they sell.

In other words, stamps must be, in regard to authenticity, quality and identification, exactly what the dealer has described them to be. This means that responsibility rests on every stamp merchant, whether large or small, expert or novice, to be familiar with everything he buys or sells.

Consider this well. Is this the reason why so many of the newer dealers only advertise recent issues which usually do not require much study and research?