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#1
05-11-2009, 06:54 PM
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Quote:
There's an active market in below-face value postage. The Post Office has no use for all those scuzzy part-sheets of 13 cent stamps with the gum missing. My dear, late father-in-law, however, delighted in the thought that he was putting one over on Uncle Sam by paying only 90 cents on the dollar for postage stamps on the secondary market. Bill 
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#2
05-11-2009, 07:57 PM
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Back in the Day
When I used to do card store visits for my dealings in the 80's -- many of my better friends had combo card/stamp/coin stores. A good trade off; they'd let me look through NWPS (New Purchases) and I would teach them things they might not always know.
However; I did learn a few things. 1) Stamps bought over the counter were purchased at approximately 10 percent of catalog (that is; if the dealer were interested) 2) Unused postage was bought at 75-80 percent of face. Yes; bought at less than face. What I remember; but could not google. Supposedly; there was a big lawsuit between Greg Manning Auctioneers (who later owned Teletrade) and Scott's catalog when Scott lowered the prices in their catalog to reflect more of the reality of the real "market" rather than a market based on this purchasing of stamps at 10 percent. I heard this a couple of times but never saw anything. A link to a story or the suit about this would be great. A google using the terms Greg Manning and Lawsuit brings up fascinating links which are not germane to this discussion. In other words; unless you have a real scarcity -- take a reasonable offer and move on Rich
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