Among the most interesting issues in philately are the classic first issues of Japan called the Dragons. Japan was a closed society for about three hundred years before 1854. Japanese leaders had made the decision that they wanted no contact with outsiders (as they saw what foreigners were doing to China), and the penalty for […]
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Seigniorage is the profit that governments make on securities that they issue, on which they don’t pay interest, and that are retained unused by the public. Cash in mattresses represents a form of seigniorage, and, more than anything else, old face value postage stamps held by collectors do as well. The money that collectors have
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Cut Squares and Entires (the Scott “U” numbers in the catalog) have always seemed to be less popular than they should be. They have several important specialty features going for them. They are scarce, attractive, and complex. There are hundreds of major numbers, and about 95% of them sell for under a few dollars. All
Most collectors collect what they like for a variety of reasons that have nothing to do with the popularity of the area or the potential for financial growth in what they collect. Others collect whatever is the “hot” area hoping to ride the train of popularity to make their collecting not only fun but profitable.
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President Franklin Delano Roosevelt (January 30, 1882
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One of the most exciting things in philately is when there is a new discovery of a major variety on a well known and avidly collected stamp. Such a find was reported in the recent edition of Linn’s on the ten cent Lindbergh stamp of 1927 (Scott #C10). This stamp sells for about $10 mint and
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The Columbian Exposition set of 1893 (Scott #230-245) was the world’s first commemorative set, and it has become one of the most popular sets not only in United States philately but in the world. But this was not always so. Stamp collectors tend to be a conservative group (at least in their philatelic tastes), and
When one is avid about a field, it is common to set greater and greater challenges. This is the lure of Everest for climbers or of more and more difficult golf courses. I once knew a stamp collector who was also a fierce crossword puzzle enthusiast. He wrote puzzles in which the answers were all
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The problem of what quantities exist of different classic stamps has been one of the great difficulties of philatelic research. Before the days of the Internet, nearly all classic stamps that were sold were not illustrated; so it was impossible for any census taker to know if he had counted a given specimen before. Counts
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