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Poll_Blind

(23,864 posts)

4. In my layman's opinion, you should REALLY stay away from stamps as an investment.

Reply to arely staircase (Original post)

Thu Mar 28, 2013, 08:10 PM

Mar 2013

Now, I'm not an investor in stamps but I had inherited a reasonably nice stamp collection and was thinking about selling it recently. Lucky for me, there's a person nearby who gave me a very nice lowdown. I'd say more about why this person was qualified to say what they did but it would give too much away about who they are. Anyway, among all the other things I was speaking with them, my stamps came up and the person said "Look, the only stamps that are actually going to move in any kind of real context are stamps that are notable AND over a hundred years old. AND somebody's gotta want to buy them, AND there aren't a lot of those somebodies around."

That was it, in a nutshell.

Just sayin'

PB

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has anyone here ever invested in stamps? [View all] arely staircase Mar 2013 OP

That's generally not a good idea except for your own use because stamps are hard to resell. dimbear Mar 2013 #1

i figure postage will go up ahead of inflation arely staircase Mar 2013 #2

I inherited a bunch of old unused stamps. Mariana Mar 2013 #10

Yes. I invested 46 cents in one, and it got my letter all the way across the country in 2 days. Mika Mar 2013 #3

In my layman's opinion, you should REALLY stay away from stamps as an investment. Poll_Blind Mar 2013 #4

Spot on. I prefer gold and silver bullion for the more speculative portion of my portfolio. Peter cotton Mar 2013 #5

that isn't the kind of stamp collecting i mean arely staircase Mar 2013 #7

Man, I tell ya- if that's the case I'd advise even more against it. Poll_Blind Mar 2013 #9

All first-class (non-bump up) stamps are forever now. talkingmime Mar 2013 #6

Only in the sense of "bought a book, put it in a drawer and forgot about it... JHB Mar 2013 #8

Let's see just how well this would work in the real world: Peter cotton Mar 2013 #11