Final valuation of stamps should be done by experts, since very fine details can make drastic differences in the value of a stamp. However, there are methods for consumers to use to evaluate approximate stamp value.Continue Reading
Confirm the issuing country of the stamp. This typically appears on the stamp, though different alphabets or writing systems may make it difficult to identify. Confirm the postage value of the stamp and, if possible, its year of issue.
Stamps that are in mint condition are worth more than stamps that have been used as postage and cancelled. A mint condition stamp may be worth 10 times the value of the same stamp cancelled. Sheets of stamps are also more valuable than individual stamps. Check the stamp for tears, creases or bending, any of which will diminish its value.
Check industry-standard price guides for stamps, such as the Scott Postage Stamp Catalog for U.S. stamps or the Stanley Gibbons Commonwealth and British Empire Stamps Catalog for U.K. stamps. Online price guides may also be helpful. If you believe you have a particularly valuable stamp, make sure it's the rare version of the stamp rather than the common version. Take valuable stamps to stamp dealers and experts for confirmation of value.
According to Stamps.org, valuation of a stamp collection depends on many factors including the age, rarity, condition and demand for particular stamps in the collection. The easiest way to get a fair valuation is to have a collection evaluated by an expert stamp collector or dealer. When seeking an evaluation, one must tell the assessor which type of valuation to give: tax value, sale value, insurance value or donation value.Full Answer >
In order to properly identify old postage stamps, a stamp collection catalogue is necessary, according to 2 Click Stamps. There are two primary catalogues used by stamp collectors, the Scott Specialized Stamp Catalog and the Stanley Gibbons catalogue; these are used respectively in the United States and Great Britain.Full Answer >
The United States Postal Service issued a commemorative Elvis stamp in January 1993. Several other countries have also issued commemorative stamps featuring images of Elvis.Full Answer >
Postal commemorative gold stamps have a thin layer of gold either surrounding the stamp or overlaid on top of the stamp. They are typically only valuable to those who collect them because the amount of gold is minuscule.Full Answer >