Mystic Stamp Company, an American stamp dealer founded in 1923 by Lawrence K. Shaver, is not BBB accredited and has received mixed reviews from customers. Some customers have found the company to be legitimate and trustworthy, but others have reported issues with their prices and customer service.
Mark Morrow, the chief stamp buyer at Mystic Stamp Company, was charged with bid rigging and fraud in 2002. Customers have had good luck buying odds and end stamps online from Mystic Stamp Company, which has an excellent online catalog with historical information. However, they only sell stamps using them after attaching a handling fee, which can be as much as you’d expect to pay elsewhere for the stamp.
Mystic Stamp Company is a great retail business, but it is not a storefront, but rather comes to you in your mail box. Customers have reported that their prices are inflated from what the actual value is, but when buying older or rarer stamps from them, they have almost paid the full amount.
In conclusion, Mystic Stamp Company is not a place for investments for children or adults, as their prices are way above normal. Customers should be cautious when dealing with this organization and avoid purchasing items from them.
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How can I tell if my stamps are fake?
The stamps exhibit distinctive coloration, irregular border delineation, and a lustrous surface. They appear to be affixed to a greaseproof paper-like substrate.
Who owns the Mystic Stamp Company?
Mystic Stamp Company is an American, employee-owned stamp dealer founded in 1923 by Lawrence K. Shaver. The company specializes in buying and selling postage stamps, first day covers, coins, and collecting supplies. Its headquarters are in Camden, New York, and it has been employee-owned since 2016. The company’s successors include Maynard and Fannie Sundman, Donald and Chacea Sundman, and Donald and Chacea Sundman. The company’s history spans from 1923 to 1990.
What is the most sought after stamp?
This list of the highest known prices paid for philatelic items, including stamps and covers, is based on consumer price index inflation-adjusted value in millions of United States dollars in 2023. The current record price for a single stamp is US$ 9, 480, 000 paid for the British Guiana 1c magenta. The list is ordered by consumer price index inflation-adjusted value (in bold) in millions of United States dollars.
The inflation adjustment may change as recent inflation rates are often revised. A list in another currency may be in a slightly different order due to exchange-rate fluctuations. Individual items are listed only once, i. e., for the highest price sold.
The Wikipedia template uses a yearly average inflation. Using monthly averages gives slightly different numbers, most significantly for items sold early or late in a year with significant inflation. The value derived from exchange with the Inverted Jenny block of four, bought in the same year for $2, 970, 000. The stamp was sold on May 22, 2010 for an undisclosed price higher than the 1996 price of $2. 3 million USD, to Armand Rousso.
The Mauritius Ball Cover sells for almost $12 million, an all-time record price. The Inverted Jenny plate block was sold for an undisclosed price higher than the 1996 price of $2. 3 million USD, to Armand Rousso. The Mauritius Ball cover sells for almost $12 million, an all-time record price. The Post Office Mauritius, one penny, used (XX) is listed as one penny, used (XXI) + two pence, used (XXII) – Stamp – Blue Mauritius.
The World’s “Rarest” stamp fetches a record price, with the “The Whole Country is Red” fetched $2 million at the China Guardian auction. The David Feldman Spring Auctions, April 1–5, 2008, feature great results for rarities. The Mauritius 2d Post Office sells for £900, 000 – World.
In conclusion, this list of the highest known prices paid for philatelic items, including stamps and covers, provides a comprehensive overview of the history and value of rare and expensive stamps. It highlights the importance of understanding the history and value of these items in today’s world and the potential for significant sales and profits.
Who has the best stamp collection in the world?
The Chinese individual possesses an artifact dating to the 19th century, specifically 1800-1890, 1870-1881, or 1900. This item was acquired through travel. It is noteworthy that numerous individuals had previously amassed this item.
Does Mystic Stamp Company buy stamps?
Mystic, the preeminent stamp dealer in the United States, provides objective and equitable valuations for collectors. Given the considerable sums spent on the purchase of stamps over decades, the process is conducted in a smooth and efficient manner. To initiate the process, please complete the form below or contact the company via telephone at 1-800-835-3609 to speak with one of the leading experts in the field of philatelic valuation. Please attach up to three images of your collection and provide your contact information.
What stamps are worth selling?
The value of a stamp is often contingent upon the presence of printing errors or an intriguing historical background. The condition of the item, in particular, plays a significant role in determining its monetary worth. Some of the most valuable stamps exhibit minimal indications of prior use, such as slight discoloration and minor hinge marks.
How can I tell if my stamps are counterfeit?
The stamps exhibit distinctive coloration, irregular border delineation, and a lustrous surface. They appear to be affixed to a greaseproof paper-like substrate.
What is the holy grail of stamps?
Rare stamps can be valued from $10, 000 to $1, 000, 000 or more, with the British Guiana 1-cent magenta postage stamp being the world’s most famous. Issued in 1856 in limited numbers, it is the only known stamp to exist today. The price of rare stamps is influenced by three factors: diversification of assets, positive return rate, and the positive return rate. Rare stamps have little to no connection to publicly traded companies, stock markets, real estate, or other volatile assets. The annual return rate for premium stamps is estimated to be 10, and even higher for rare stamps.
How do you tell if my stamps are worth anything?
The value of a stamp depends on its color, cancellation, centering, and paper condition. Bright colors are more valuable than those with errors or limited availability. A mint condition, which has never been used, is generally more valuable than a used one. To maintain the stamp’s value, keep it in a close-to-mint state. Fading can occur due to sunlight, artificial light, dirt, pollution, and natural skin oils. It is essential to keep stamps in a “mint” state to avoid damage and potential loss. In summary, a bright, well-colored stamp is more valuable than an ordinary one due to its rarity and condition.
Where is the Mystic Stamp Company located?
The Mystic Stamp Company, a mail-order postage stamp dealer headquartered in Camden, New York, has been in operation since 1923. The company is notable for its promotion of stamp collecting as a hobby and its acquisition of the rare Z Grill stamp. It is one of the largest companies in operation.
Is stamp collecting dying out?
The popularity of stamp collecting reached its zenith in 1980, subsequently experiencing a decline. This decline has been accompanied by a reduction in the number of older collectors and a lack of interest from younger generations in pursuing this pastime.
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I inheritated my great grandfather’s stamp collection when he passed about I believe it was 15 years ago, he was very very meticulous with the stamps. Wax envelopes, very organized, numbering, sorted, etc. I’m just now going through the collection and so far, the portion I, going through is the first box which has a lot of other country stamps, but the stamps in wax envelopes are presidents, air mail, and everything from 1860’s-the latest I have found so far is 1930’s and there is only 1 so far from 1930’s…..and these are all in amazing condition, there’s so many stamps. In this box, thousands. And this is just not even a 1/4 of the first storage tote.
I am 80 now and have my great uncle’s( he was born in 1888 )stamp album, I also have my father’s,my cousins an mine when we were boys . In those days the stamps were put in albums that’s how they were displayed on hinges up to to maybe the 70s ? years ago I let a dealer look at them and I noticed all the penny blacks were missing ! So who do you trust? Something akin to car dealers,antique and double glazing etc.
Here is my simple trick to find a value of any collection. Just watch the dealer (the guy who with the stamp expertise will appraise your collection) how he flips through the pages of your stamp album. If he flips the pages like a used Playboy magazine, then your “collection” is of little value. He he flips and paused frequently and take extra moments to view something on a particular page, then you may have something of value. If your collection is composed of boxes of various forms of “unsorted” stamps, then your collection is not a “stamp collection” but a “stamp accumulation”, and the value will be measured in terms of $ per pound.
I can value a collection in fifteen seconds. If the album is not a modern hingeless one (preferably Lighthouse brand), it is almost certainly not worth opening up. The reasons for that are–a collector with valuable stamps will keep them in a modern archival album and if very valuable stamps are in an old album, they are probably in lousy condition.
Hello, Mike! What if you found maybe 100 very old stamps, and the catalogs show them having some value even if they are used, what is the best way to evaluate and sell these. I am an illustrator, not a stamp enthusiast. I got these from New York City from a woman whose husband traveled the world in his work. He would send these stamps home to her and she would just tuck them away and knew she would never do anything with them, so I accepted them and I’m 71 years old now, and I am ready to sell them. I have a few early American stamps, but primarily what this woman gave me were early German (WEimar Republic), WWII (Deutsches Reich), and post-WWII Eastern German stamps. Some are unused, some stamped. I really would like to get something for them if possible. WHat do you think is my best course of action?
I have a tip about coleections from around 1900-1945, is the color of the stamps mainly red? the collection might have not much value, is it mainly green, it has a little more value, is the color mainly blue, this might be a good collection with higher value. Green is local used stamps, red is national used and blue is international used. UPU decided these colors are the same in all UPU countries. For the rest a part of the value is how much hobby has a lot. Is it adventurous? Is it interesting for postmarks, small villages or big cities? Are postmarks off the face? This might be very fine quality. And who was the collector? A child? A rich person? A real filatelist? I collect this year for 50 years. With no experience you can’t find the good things in my collection, you need to know for example that early stamps in New Zealand were made with old machines from England, the quality of the stamps might look bad, while european stamps from the same period were produced with better machines, a nice european stamp might be worthless and a 2 margin NZ stamp might be very valuable.
Doesn’t mean that old stamps will have value because millions may have been in circulation and only now revealed via the internet.High value stamps are those that are one in a million with errors,etc and unused and in mint condition.Old stamps however have value and can be sold for s few or several hundred dollars as they become scarce eg,old borneo or sarawak stamps but as an album of old stamps some hobbyists maight be willing to pay a few hundred dollars to acquire an ancient collection.I have used stamps from the victorian era for example more than a hundred years old but so do many other people,and they dont cost more than a few dollars to buy on E bay.But because of supply and demand sometimes a stamp like the 1980 china red monkey can fetch thousands.
It is impossible to value the collection from what was shown in the article. No way can you know that the mint stamps are stuck down with a 5 second flick of 300 pages. That is like saying you can speed read the bible in one minute. Frankly ridiculous. The valuation given is equally unrealistic and totally at odds with his description of the collection. Somewhere in the region of £20 to £50 is much nearer the mark. If he was really a dealer he would go bankrupt in his first year paying up to 50 times what the collection is actually worth. A similar collection in the same album did sell for around £700 recently but in that collection there were lots of good stamps scattered throughout the collection and condition was above average for the period. Such collections are rare though which is why the bidding was intense. The collection he described would probably be added to a large carton of other similar material and would probably fetch around £100 for the entire box at auction. I can value a collection in about 10 minutes but only as a rough ballpark figure. Good stamps need to have their condition checked carefully though as it could affect the value from a low of £1 up to £100 for the same stamp in fine condition. So this article is of little value to anyone apart from a sweeping generalisation that old schoolboy collections are nearly always worthless apart from a few rare exceptions. Because most stamps are common or damaged or frequently both.
I was questioning your statement until I saw what you were about to value. As a collector I know nothing of world wide stamps so what I do is to look at are the areas I know, if I see value there then I tend to think there is value in those other areas as well. Collectors that collect a wide variety of countries tend to work on one area or country collecting stamps until they reach a point where the stamp value is to high to collect further then move on to other countries. I would think it highly unlikely to find value in one portion and little to no value in another….of course there’s no rule to this….just my opinion
I inherited nothing. My dad would bring me stamps back from work and I would mutilate them further. I had the husband of my mum’s friend who vaguely tried to introduce me to proper stamp collecting. I was about 13 and had NO money but realised how one could display stamps beautifully. I marvelled at his collection but knew I could never be a philatelist. I still have my 1960s collection. Value? Priceless! (£12)
I was really hoping for a more detailed response. You have very obviously gone through this album previously and know exactly what is there so to insult those of us looking for an honest valuation is just wrong. I was staggered…gobsmacked…. at the valuation given at £500. Seriously? After all the negative things you have said about it?? More like £50 at best from what I see. I am always looking for a good deal… but the people inheriting collections have ZERO knowledge about the actual value….and just because they have something “old” think it’s worth a lot of money…take a quick look at FB marketplace. ppl with no idea asking for ridiculous money. Sadly this is what the modern SERIOUS collector faces.
Your valuation is too generous. Trying to sell this album to a dealer is the real test. I would guess £50 as the top price you would get and that’s still on the generous side. You might find a collector who would take it on because of the interesting content but most of the stamps I saw were common and it would take hours of work to sort out the best ones. Interesting take on it though, enjoyed your commentary.
That was the the worst ” how to ” I’ve honestly seen..all those pages and u only show 1 or 2 pages saying oh not valuable..as far as stamp value goes as far as any stamp collector would say the value of stamps depends on how rare and conditions but is still a personal business transactions and how much a buyer is willing to pay for a stamp..people who seem slick and half way show things are the people who really likes to get stuff basically free not really someone who gives his honest opinion..old judge a book by his cover or something cause no one could flip though a book that fast and tell perfs and watermarks..I’ve been doing a lot of studying cause I have a stamp collection I really like appraisal for..