daveg28
Member
Posts: 1,062
What I collect: U.S., Canada, Great Britain & Commonwealth, France (esp. 1950-80), DDR, USSR
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Post by daveg28 on Sept 25, 2019 19:05:34 GMT
I was contacted by a friend of mine today. She is the acquaintance of an elderly lady who is looking to sell her late husband's stamp collection. My friend shared my name and my potential interest in the collection, and I was given the lady's phone number to contact her. I plan to reach out to the lady, but I'm a little unsure how to proceed should she respond to my call. I've come into older collection owned by the late parents of friends of mine, but in all of those cases I knew the owners well enough that they just gave me the collection, just happy to unload the collections. This is different. I do not know the lady, and I strongly expect that she'll want some compensation if I take it off her hands (maybe I'll luck out and I'm wrong, but for now I'll assume I'm not).
So, how do any of you proceed in such a situation? My first inclination is to see what is at the front of the US album...if it's indeed a US collection. If it's a worldwide collection, I may be out of my comfort zone a bit. Any other advice anyone cares to share?
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tomiseksj
Moderator
Woodbridge, Virginia, USA
Posts: 6,385
What I collect: Worldwide stamps/covers, Cinderellas, Ohio Prepaid Sales Tax Receipts, U.S. WWII Ration ephemera
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Post by tomiseksj on Sept 25, 2019 22:32:48 GMT
During your initial contact, I recommend you determine if her late husband was an APS member. If he was and passed away within the past year, she can see if APS can provide a volunteer to view the collection and provide advice on its disposition.
While you may be interested in purchasing some or all of it, she probably believes it is worth far more than its current market value.
Your challenge will be getting her to understand the fair market value while not thinking that you're trying to swindle her out of her inheritance.
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daveg28
Member
Posts: 1,062
What I collect: U.S., Canada, Great Britain & Commonwealth, France (esp. 1950-80), DDR, USSR
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Post by daveg28 on Sept 26, 2019 12:26:19 GMT
I did not think of the APS connection, as I am not a member myself, but I'll keep that in mind.
As to your comment about what my challenge is, I absolutely agree. She doesn't know me from Adam, so I'm sure it will cross her mind that I might be trying to take advantage of her. I was just recommended to her by a good friend of mine that she trusts, because my friend knows I collect. I feel bad that she apparently doesn't have a family member to whom she could hand the collection off.
The lady did return my initial contact yesterday, and we exchanged a few texts. She told me that's she's a bit overwhelmed at the moment, but that she would get back to me in about a month. So, we'll see what happens if she calls me back. I'm hoping it's a mainly US collection. I can judge it better, and maybe make her an offer if it's material that I can add to my own collection. And I'll take along my Scott catalog, so she can see that I'm not trying to take her, and that the collection is probably not the windfall she or her family may think it is. I know my family thinks I'm sitting on a gold mine. lol
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casso
**Member**
Inactive
Posts: 26
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Post by casso on Nov 30, 2019 3:48:23 GMT
daveg28 , seriously
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renden
Member
Posts: 9,162
What I collect: Canada-USA-France-Lithuania-Austria--Germany-Mauritius-French Colonies in Africa
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Post by renden on Nov 30, 2019 14:19:56 GMT
I do not know what you mean, casso, but I just read David's issue and questions about this matter - I would not like to be responsible for another deceased person's stamp collection. If impossible to deal with the lady who will be in "depression" for awhile and unable to take some decisions, I would introduce a 3rd party for the assessment of the said collection - a reputed Stamp dealer - make arrangements for the collection (if worthwhile) to be viewed and evaluated ($). I too am not member of APS anymore - wanted at a time to do the book thing but it is not allowed for non US residents. As for the store, no interest but I respect this fine Org. Good luck to David René
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vikingeck
Member
Posts: 3,551
What I collect: Samoa, Tobacco theme, Mail in Wartime, anything odd and unusual!
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Post by vikingeck on Nov 30, 2019 17:31:24 GMT
I was contacted by a friend of mine today. She is the acquaintance of an elderly lady who is looking to sell her late husband's stamp collection. My friend shared my name and my potential interest in the collection, and I was given the lady's phone number to contact her. I plan to reach out to the lady, but I'm a little unsure how to proceed should she respond to my call. So, how do any of you proceed in such a situation? If it's a worldwide collection, I may be out of my comfort zone a bit. Any other advice anyone cares to share? Yes casso, one does approach such a request “ Seriously “ . . As one of the more experienced members of our local Society I have been called upon perhaps a dozen times in similar circumstances. Three such calls were to a huge accumulation of albums & covers , the majority were more modest offerings of upto half a dozen albums. The approach for each was different. 1. A deceased friend in Spain . I acted as an agent arranging the three major collections to an auction house and the rest of the material I filtered through eBay over 4 years and raised £17,000 for the widow . 2. The second was a friend of a colleague of my wife . The volume was overwhelming so I gathered up a couple of wine boxes of GB that I reckoned I could handle again via eBay for the widow and that raised £3000, for the main bulk I had to suggest that she call in a local dealer to appraise. In the end he made an offer ( in retrospect I think it was a lowball) to clear the lot. I wish we had had more time and I think I’d have done better. 3 the third big lot was a gentleman selling his own stuff. He had a fixed idea what he wanted (unrealistic) I suggested two auction houses with a probable estimate about a quarter of his expectations, but he did not accept my suggestion. for all the other lots where I estimated the market value to be less than£1000 I offered either to act as an agent for selling myself , passing to an auction house , or in several cases made a cash offer if the collection had items of interest to me when offering to sell or advising for auction I always made a kind of low suggested value( reasonably sure that it would fetch more) so that the owner’s expectations were not too high and then when we did get a better result they were more than delighted. i am not a dealer but I have had many years trading on eBay. With each trade I take a small percentage for my work but as I am well past retirement age now, my time is my own to play the stamp market. I mostly do it for fun and interest in the hobby. Just every now an then there is a hidden treasure in someone’s collection. The sad part of this is when the collection turns out to be standard FDC from 1960- 2000 where the GB market is so depressed you have to tell the seller that the collection is almost unmarketable . so daveg28 , three months from your first approach is she ready to be contacted again?
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renden
Member
Posts: 9,162
What I collect: Canada-USA-France-Lithuania-Austria--Germany-Mauritius-French Colonies in Africa
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Post by renden on Nov 30, 2019 20:09:44 GMT
vikingeckThat was a great post and info for Dave's question, with your experiences - I do not think I could do such help and even if I have an old account on Ebay (for buying and selling Guitars - I am a musician) I never used it for selling stamps. Thanks René
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daveg28
Member
Posts: 1,062
What I collect: U.S., Canada, Great Britain & Commonwealth, France (esp. 1950-80), DDR, USSR
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Post by daveg28 on Dec 2, 2019 13:21:17 GMT
It's December 2nd,and I have not heard back from her. Honestly, I'd forgotten all about it. Not sure if I reach out to her again at some point or continue to wait, as I don't really know the woman. Patience is a virtue, right? lol
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renden
Member
Posts: 9,162
What I collect: Canada-USA-France-Lithuania-Austria--Germany-Mauritius-French Colonies in Africa
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Post by renden on Dec 2, 2019 13:25:24 GMT
It's December 2nd,and I have not heard back from her. Honestly, I'd forgotten all about it. Not sure if I reach out to her again at some point or continue to wait, as I don't really know the woman. Patience is a virtue, right? lol Dave what is the difference between trading and selling on Ebay Never saw a "trade" - Thanks René
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daveg28
Member
Posts: 1,062
What I collect: U.S., Canada, Great Britain & Commonwealth, France (esp. 1950-80), DDR, USSR
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Post by daveg28 on Dec 2, 2019 13:44:48 GMT
I'm not sure what you mean, Rene. I don't do anything on Ebay.
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vikingeck
Member
Posts: 3,551
What I collect: Samoa, Tobacco theme, Mail in Wartime, anything odd and unusual!
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Post by vikingeck on Dec 2, 2019 14:08:26 GMT
Ah Rene I think there is a language issue here!. "Trading" does not just mean "exchanging" or "swapping" between partners .
In its widest sense Trading = buying and selling, which is what we do on ebay
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Doe
Departed
Rest in Peace
Posts: 234
What I collect: Chicago Baseball & Lou Gehrig covers, Mars Exploration covers, Zeppelins & Manned Stratospheric Balloons , Anti-Fascism, Classic China (thru A31), Hong Kong (thru A25)
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Post by Doe on Dec 2, 2019 14:26:37 GMT
Very quietly. I like to startle an unsuspecting collection.
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renden
Member
Posts: 9,162
What I collect: Canada-USA-France-Lithuania-Austria--Germany-Mauritius-French Colonies in Africa
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Post by renden on Dec 2, 2019 16:45:36 GMT
Ah Rene I think there is a language issue here!. "Trading" does not just mean "exchanging" or "swapping" between partners . In its widest sense Trading = buying and selling, which is what we do on ebay Thanks for the explanation but why use both since they mean the same. Buying and/or selling René
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stainlessb
Member
qaStaHvIS yIn 'ej chep
Posts: 4,906
What I collect: currently focused on most of western Europe, much of which is spent on France, Belgium, Germany and Great Britain Queen Victoria
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Post by stainlessb on Dec 2, 2019 16:57:37 GMT
renden your old ebay account for selling guitars will work fine for stamps (trust me on this one )
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Post by rjan55 on Dec 2, 2019 23:24:42 GMT
The situation can get dicey. We get approached in our local club. It gets complicated if someone is looking for assessment of value or valuation. There can be an inherent conflict of interest if you give a valuation and then offer to buy. Of course it depends on the formality of the situation. We usually tell the 95%+ who show up that it is a invaluable accumulation best given away to a youngster. Of course we also make some direct offers for smaller lots. The larger collection are the difficult situations.
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hrdoktorx
Member
Posts: 7,215
What I collect: France (and French territories), Africa, Canada, USA, Germany, Guatemala, stamps about science, flags, maps, stamps on stamps...
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Post by hrdoktorx on Dec 5, 2019 14:24:25 GMT
I just had a chat with a colleague who has a relative that recently passed away, and was an avid collector of many things. Among them is a collection of several hundred special space-themed covers, postmarked from the Kourou space launch center in French Guiana, and with special cancellations identifying each launch. He's looking for advice on what do with it. I directed him towards some local stamp shops and clubs, but if any of you would like to know more, I can put you in contact. Here's a little sample of the collection:
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daveg28
Member
Posts: 1,062
What I collect: U.S., Canada, Great Britain & Commonwealth, France (esp. 1950-80), DDR, USSR
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Post by daveg28 on Feb 17, 2020 16:17:37 GMT
So, an update on my original post. The lady from the original post contacted me over the weekend, asking me if I was still interested. I'm going to visit her later today after I leave work, and look over what she has. While talking to her yesterday, I asked her what she ultimately wished to do with the collection. Her response was, "Get it out of my house." She also told me that her out-of-town adult children have warned her to be careful and not let anyone take advantage of her. I assured her that I had no interest in doing that, and she has the word of my friend who gave her my name originally that I can be trusted.
She said her husband had been collecting for a long time, but I'm not holding out hope that he has any buried treasure. I'll have to see the older stuff to determine that. I asked for an idea of some of the material, and the first thing she said was, "Oh, he has a lot of gold stamps!" Oh boy. She seemed genuinely disappointed when I informed her that those aren't going to be worth much...maybe fifty cents to a dollar apiece of she's lucky, and that I really don't have any interest in those. It sounds like he was also pretty good about picking up new issues. She mentioned a lot of forever stamps. I told her those will be best used as postage, but we'll look for anything special. So, I'm curious about what she has, but I have no illusions about what I'm going to find or if I'll get my hands on it cheap. I'll have an update after I pay her a visit.
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darkormex
Member
Swinging through Switzerland and getting tied up in Thailand
Posts: 2,197
What I collect: The World...just printing and mounting as I go...call me crazy!
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Post by darkormex on Feb 17, 2020 17:55:04 GMT
daveg28 , I recently started watching a Youtube channel called Exploring Stamps and in one of his videos, Inherited Stamp Collection? What to do!, he addresses the value conversation in the first 2 minutes and he is straightforward and honest about not expecting a lot of value. Coincidentally, about the same time I watched this video I was tagged on Facebook by a friend whose son was given an old stamp collection by a relative. The first questions were, of course, what are some tips on collecting stamps and, in the photo I was tagged in, do you see any valuable stamps? Recalling this video I sent them the link. This has a very good explanation of how to take care of the old collection but also, the value question, as well a good explanation of what to do if they want to sell or keep the collection. Inherited Stamp Collection?I thought perhaps this might be something you could email to her or show her. It might be a good starting point for her in terms of comfort with you if she is seeing a straightforward explanation of what to do with this stamp collection and also address the issue of value from a reputable source that is not you. He thanks the APS at the end of each video typically, though not this one, so he has some sort of relationship with the organization, possibly through sponsorship.
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renden
Member
Posts: 9,162
What I collect: Canada-USA-France-Lithuania-Austria--Germany-Mauritius-French Colonies in Africa
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Post by renden on Feb 17, 2020 18:12:07 GMT
Good luck daveg28 on this new adventure ! René
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Londonbus1
Moderator
Cinderella Stamp Club Member 3059
Posts: 5,064
What I collect: Wonderland; 1912 Jubilee International Stamp Exhibition, London ('Ideal' Stamp, ephemera); French Cinderellas with an emphasis on Poster Stamps; Israel and Palestine Cinderellas ; Jewish National Fund Stamps, Labels and Tags; London 2010, A Festival of Stamps (anything); South Africa 1937 Coronation issue of KGVI, singles or bi-lingual pairs.
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Post by Londonbus1 on Feb 17, 2020 18:47:26 GMT
If you get the chance to sell it, it will be both fun and an experience. Be positive. I have sold 6 collections for others in my lifetime and treated each one the same. The latest one (Commonwealth) has proven to be the most time-consuming and difficult. But also a great learning curve. Look upon it in different ways. Enjoy it.
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daveg28
Member
Posts: 1,062
What I collect: U.S., Canada, Great Britain & Commonwealth, France (esp. 1950-80), DDR, USSR
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Post by daveg28 on Feb 18, 2020 1:37:03 GMT
Report time. I just got home from the lady's house. I can see why she feels overwhelmed. Her husband has binder after binder after binder of basically every sheet of stamps back to about the mid 1990's. Most in multiples of 3 or 4. Still in the plastic packaging they came shipped in the mail. I told her that that was bad. He also had one of every USPS year book going back twenty-five years, stamps included with each. And he had a copy of the USPS stamp guide from every year as well. So, tons of recent material. I told her that it wasn't anything I needed, unfortunately, as I had it all, too. I did say there's a few sheets I need, and she said I could make a list and come back and look for them. The fellow also collected the dreaded gold replica stamps. She was sure these were valuable. I had to break her heart and tell her they are nothing but gold leaf over cardboard, and that each cover MIGHT fetch fifty cents to a dollar, if she could find a buyer. Invoices we found showed he paid about eight bucks apiece. I lost count how many of the 'official' binders there were of those. At least ten big binders. It was overwhelming.
I asked how long he'd been collecting stamps, and she said at least as long as she'd known him. So I asked where the old stamps were. She had a binder full of a smattering of plate blocks from a handful of prexies to a few in the early 70's. Nice, but nothing exciting, except the prexies, because I like them. She gave me the plate blocks for my time and advice I'd given her. There was a small box of old stamps, most of them damaged and beat up. I started to look through and I began to find a few British Commonwealth and French stamps I liked amongst the bad stamps. She gave me the box. Finally, as we were digging through binders she was pulling off shelves, she handed me a mailing tube. It contained the press sheet of the 2000 space exploration stamps (5 sheets, various face values, holograms...you know the ones). I expressed my interest in that, so she gave me that as well. I kind of felt bad for taking that, but I'm not completely sure what it's worth. But I figure it is good payment for my time and help I gave her. She was grateful, and told me I could come back with a list. I did tell her that there's a local stamp show coming up end of the month, and I'll ask around about what she has.
I kind of wonder if she held the old stuff back from me. If the guy had been collecting that long, there had to be more. Maybe someone advised her to hold back the Columbians or the Scott 1 and 2. Who knows. I have a feeling that I'll be hearing from her again, because she knows now that she can trust me. Can anyone tell me more about the space exploration press sheet? I might frame that, don't know.
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daveg28
Member
Posts: 1,062
What I collect: U.S., Canada, Great Britain & Commonwealth, France (esp. 1950-80), DDR, USSR
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Post by daveg28 on Feb 18, 2020 3:27:57 GMT
Unfortunately, many of the plate blocks are lost causes. They are stuck to the paper they were saved in. It’s some kind of light blue wax paper, with a clear cellophane wrapper around it. I had a feeling about this. Is a plate block worth saving if I have to soak it free and lose the gum? And many are air mails and other BOB stamps. Makes me sad.
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philatelia
Member
Captain Jack - my best kiloware find ever!
Posts: 3,655
What I collect: Ireland, Japan, Scandy, USA, Venezuela, Vatican, Bermuda, Austria
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Post by philatelia on Feb 18, 2020 3:41:28 GMT
Try the deep freeze trick - sometimes works for me to separate stuck stamps. But test it on a cheapie, first. Leave them in the freezer overnight.
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daveg28
Member
Posts: 1,062
What I collect: U.S., Canada, Great Britain & Commonwealth, France (esp. 1950-80), DDR, USSR
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Post by daveg28 on Feb 18, 2020 13:11:30 GMT
Isn't that for stamps that are stuck to each other more than stamps stuck on paper? I've never tried it.
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