I buy older mint stamps at 10 per cent below face value in Canada. I imagine you can probably do the same in the US. All sorts of people seem to think that if they hoard mint stamps they will bring a big return years later. Unless you happen to hoard a few select values you are more likely to have your estate sell them for far below face. These stamps will probably sell around their face value when issued although they may sell for a bit more since they will be able to used at the present first class rate. It depends how quickly and how far rates rise.
Cheers, Ken Hanly --- "Perelman, Michael" <[EMAIL PROTECTED]> wrote: > I doubt that the stamps will earn that much more > than the interest rate, > although the inflation rate on stamps has been > enormous -- three cents > in my youth -- wasn't much of the jump in stamp > prices the result of > semi--privatization? > > Charles Ponzi began by arbitraging Italian stamps, > but then he went on > to bigger things. > > > Michael Perelman > Economics Department > California State University > michael at ecst.csuchico.edu > Chico, CA 95929 > 530-898-5321 > fax 530-898-5901 > www.michaelperelman.wordpress.com > > -----Original Message----- > From: PEN-L list [mailto:[EMAIL PROTECTED] On > Behalf Of Bill Lear > Sent: Monday, February 26, 2007 7:33 PM > To: [email protected] > Subject: [PEN-L] U.S. Stamps > > Did anyone have a comment on the new U.S. > first-class stamp proposal? > > Buy a first class stamp and it will always be a > first-class stamp. > > Doesn't this benefit the wealthy, who can stock up > on cheap stamps, > while the poor have to buy them as they need them? > > > Bill > Blog: http://kenthink7.blogspot.com/index.html
