Stamp collection is a popular hobby in Vietnam

IN THE NEWS: VietNamNet Bridge

 

VietNamNet Bridge – Stamp collection is a popular hobby in Vietnam that attracts many people from amateurs such as students and retirees to professionals. They collect used stamps with postmarks or new stamps without postmarks, or both to their liking.

vietnam-stamp-collectors

An elderly man identified as Duc in HCMC’s Go Vap District says a lot of people prefer collecting stamps. Anyone can easily possess a collection of their own. However, there are not many collectors having striking stamp collections.

Stamp collection also depends on socio-economic influences. As a result, not a few people have to sell their collections while other collectors on the other hand have a chance to get access to these collections on this account, Duc added.

Another enthusiast named Le Minh Phong says, “I began collecting stamps when I was a child. For the past 10 years, I have frequented news organizations to search for stamps because these places have a lot of letters from readers.”

“I do not actually care about whether they are used or new stamps. I collect all because I have a great passion for this hobby,” says Phong.

Stamp collectors in the city all know veteran collector Do Thanh Kim, a consultant of the Viet Stamp Club. Kim has collected stamps since 1958 and now possesses many inspiring collections. Some have offered to pay him over VND20 million for a collection but to no avail.

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vietnam-einstein-postage stamps

Vietnamese stamp commemorating a centenary of Einstein’s birth. This is a very ordinary pin roulette as the teeth holes have lots of remainders still intact and the result is very uneven.

Happy stamping!

Janice

 

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John du Pont’s Extraordinary Collection of Falkland Islands Stamps

In the Philatelic News

 

The Falkland Islands collection of notorious philatelist John E du Pont features extraordinary rarities
Source: Paul Fraser Collectibles, Dec 2012

Ahead of a film about his life starring Steve Carell, the John E du Pont Collection of Falkland Islands stamps will be offered at a special March 7, 2013 auction in London.

1c British guiana stamp

1c British Guiana stamp
The 1c British Guiana stamp is often mistaken for an altered 4c magenta

Du Pont is renowned throughout the philatelic world as the man who bought perhaps the most famous stamp in existence, the British Guiana 1c magenta. A unique example discovered by a 12 year old Scottish schoolboy in 1873, du Pont purchased the stamp for $935,000 in 1980 – it has yet to surface from his collection.

The eccentric multimillionaire – heir to the du Pont family fortune – was also a convicted murderer, after killing his friend and Olympic wrestling champion, Dave Schultz, in 1996. He was ruled mentally ill during his trial in 1997 and spent the rest of his life in prison, where he died in 2010 aged 72.

His remarkable life is due to be portrayed in a 2013 film entitled Foxcatcher, named after his father, William du Pont Jr’s famed horseracing stables.
Du Pont Falkland Islands stamps 1d dull claret imperforate vertically
The pair is considered the most
important in Falklands philately

du Pont Faklands Imperforate Stamps Highlighting du Pont’s extraordinary collection of Falkland Islands stamps is the famous 1d dull claret imperforate vertically horizontal pair, which is one of only two known examples. The pair has been taken from the right of the sheet and displays a wide sheet margin.

Once part of a block of four from the Hind and Dibble collections, this variety is considered the rarest and most important in Falkland Island’s philately. The pair is expected to sell for £40,000-50,000 ($65,144-81,426), with just slightly clipped perforations marring its otherwise excellent condition.

Sharing the £40,000-50,000 estimate is a mint block of 30 1928 2½d on 2d provisional surcharge stamps. Housed within the 30-stamp block is the extremely rare surcharge double, which is one of only two known to exist.

The issue followed a shortage of ½d and 2½d stamps on the island of South Georgia, when authorities granted permission for 2d stamps to be locally surcharged with the 2½d value.


Du Pont Falkland Islands government notice

The notice has impeccable provenance, once belonging to Baron de Worms, Dr Koefman and Dudley Stone

du Pont Falklands Goverment NoticeOne of the most exciting lots featured in the sale will be an official government notice announcing the 1891 surcharged bisects, which has been signed by acting postmaster Frederick Sanguinetti.

Bearing two cancelled pairs of the resulting ½d on 1d stamps, the piece comes with impeccable provenance and was part illustrated in Malcolm Barton’s 2002 book, The Falkland Islands: The 1891 Provisionals.

More of du Pont’s collection will be featured at the auction house’s March 6 sale, with his selection of postage dues and Papuan stamps from the British Empire set to appear. Starring among du Pont’s offerings in this auction will be a superb block of four 1907 small Papua overprint 1 shilling stamps.

The overprint error affected only 24 stamps in a single sheet of 30, with all but five cancelled. Just three of the stamps in the block at auction have been cancelled by a Port Moresby circular date stamp, warranting an estimate of £30,000-40,000 ($48,854-$65,144).

Paul Fraser Collectibles also has a remarkable collection of rare stamps for sale, including the beautiful Black Empress, the renowned Tyrian Plum and the greatest treasure in Hong Kong philately, the unique 96c olive-bistre block of four.

Source: Paul Fraser’s Collectibles

To read more about the life of John du Pont, click on the cover image of the following book:

No-holds-barred-the-strange-life-of-John-E-du-pont

No Holds Barred – The Strange Life of John E. du Pont


Hope you enjoyed reading about this story.

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Happy Stamp Collecting!

Talk soon,

Janice


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Is Stamp Collecting a Hobby for Kids and Retirees?

Just stumbled upon this article featured on AdvisorOne.com about the stamp collecting hobby and thought you would like to read as well.

The Sticky World of Stamp Collections
by Ed McCarthy, CFP

January 21, 2013

Some top investors, including PIMCO’s Bill Gross, and plenty of history buffs think it’s a worthwhile pursuit, though not necessarily a profitable one.

If you believe that stamp collecting is merely a hobby for kids and retirees, think again.

The American Philatelic Society (APS) in Bellefonte, Penn., has over 33,000 members. Stamps trade actively, as well.

Scott-Trepel-Siegel-AuctionsScott Trepel (left), president of Robert A. Siegel Auction Galleries Inc. in New York, reports that since 1930 his firm has run 1,037 auctions of stamps and covers; the auctions’ dollar volume reached $35 million in 2012. (Covers are postage stamps on a cover, postal card or stamped envelope.)

Siegel has handled some noteworthy transactions. “We sold a plate block of the famous Inverted Jenny stamp for about $3 million,” says Trepel. (The Inverted Jenny features an upside down airplane and is a famous stamp-misprint.) “That was a few years ago and sometime after that we sold a single for about $900,000.”

The plate block-buyer was PIMCO’s Bill Gross, who traded the Jennys for a single stamp needed to complete his collection.

As of November 2005, Gross became only the third person in history to form a complete collection of 19th Century United States postage stamps, according to Wikipedia.

Gross is a world-class collector and supporter of stamp collecting. The William H. Gross Stamp Gallery, part of the Smithsonian National Postal Museum, is scheduled to open in 2013 and will be the world’s largest gallery dedicated to philately.

What’s the Motivation?

Collecting decorative art can provide ego-satisfaction for owners who like to display their pieces, but stamp collecting’s smaller scale makes it a more intimate activity.

For some collectors, the items are a tangible link to the past. Trepel cites an example of an old envelope that was in a mail sack carried by a Pony Express rider who was captured by Indians in 1860; several years later the mail sack turned up and the mail was delivered.

“Everyone who loves history, everyone who feels some connection to the past through an object can get excited about that,” he says. “Other people collect stamps because it is a source of satisfaction to be able to complete a set or a page or a country or an album.”

Tom Horn, director of sales division with the APS says many collectors enjoy the activity because they have total control over their collections. They decide what to buy, how to arrange their collections, and so on. Stamps’ historical aspect can also encourage learning and Horn cites his personal experience. “I know I learned a lot about history, geography, science, what have you through stamp collecting,” he says. “You wonder why a person is pictured on a stamp. Well, you go look it up and find out why. I never knew who Chief Sequoia was until the U.S. put a stamp out with him and then I found he developed the alphabet for the Cherokee Indians.”

Collecting for Profit

It is possible to collect stamps with a profit motive, but both Trepel and Horn urge caution on that score.

There are numerous niches in the stamp market, says Trepel, and serious collectors in the different submarkets have a depth of knowledge and expertise that puts casual collectors at a disadvantage. That knowledge and the passion that collectors often have about their specialties can make prices volatile, as well.

“People who specialize in Colonial postal history suddenly find a very rare example of a marking applied in 1777 and they’re all excited about it,” says Trepel, citing a hypothetical case. “(They) may bid it up from what I think it’s worth, which is a couple of thousand dollars, up to $20,000.”

There’s also a risk of stamp-price bubbles. Horn points to price behavior in the mid-1980s as an example. Stamp prices had been performing well and non-collectors began to buy actively.

When the stamp market began to show softness, however, these buyers began to sell out and accelerated the price decline. “From ’84 to ’85, the bottom just kind of dropped out as the investors got out,” says Horn. “The market was flooded with the stamps that had been picked up a few years before.”

Helpful Resources

Clients who want to get more serious about stamp collecting can find numerous resources for education and pricing.

The APS site (stamps.org), for instance, has extensive learning materials and an authentication service. SiegelAuctions.com also provides educational material and has a searchable database. The staff at both organizations can help collectors find the stamps they’re seeking and avoid overpaying.

Source: AdvisorOne.com

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Talk soon,
Janice


USA inverted Jenny

USA inverted Jenny


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