1 ACCEPTED SOLUTION
Accepted Solutions
Go buy every last Unesco stamp they have - mortgage the house!
The ld thread: http://community.ebay.ca/t5/Seller-Central/Well-there-are-buyers-out-there-if-the-right-stuff-is-sel...
Joke? Not really
Take a few minutes and have a good look at these 50 sales on eBay:
The well known Canadian stamp errors and varieties expert John Jamieson wrote the history of the "Seaway Invert" ten years ago:
In post #5 femmefan wrote "Do NOT hold on to them in the belief they will continue to rise in value. While it is possible, more will also be found, especially in small POs where they don't get or decide to ignore the memo. The more there are on the market the lower the price will go. Make your money and then move on and don't look back."
She is right of course.
Way back in June 2009 when Michael Jackson passed away, stamp sets from St-Vincent featuring Micheal Jackson sold at crazy prices within the few hours following the announcement of his death. I know I sold out in less than 55 minutes (over 70 sets). Some buyers grossly overpaid ($20 to $30) for these stamps thinking they would gain value over time. Today the same sets can be acquired on eBay (and elsewhere) for about $4/$5 (much less than I sold them for six years ago).
Pricing is all about demand. It seldom lasts a long time.
The saddest Seaway Invert cover is in the Postal Museum.
It is on a postcard, sent from Ottawa to England, from one Russian emigre to another.
The postcard bemoans the sender's situation, no job, no friends, no money, wish you were here or I was there....
And even when it was sent the Invert had been discovered and publicized. Copies were selling at hundreds of dollars.
It really does take a little attention to notice the error.
