Inheriting a stamp collection presents unique challenges, particularly when it comes to determining its value and organizing the assortment. Many individuals face uncertainty about where to begin, including questions regarding the collection’s worth and the process for proper categorization. These challenges can be especially pronounced for those who are not familiar with stamp collecting.

The Challenge of Inherited Stamp Collections

Initial Concerns and Emotional Considerations

When a stamp collection is passed down, individuals may experience feelings of guilt or obligation. Some believe that the collection must remain intact to honor the original collector. Others may feel overwhelmed by the task of assessing and organizing stamps, especially if they have little to no experience in stamp collecting.

Assumptions About the Inherited Collection

It is common for those who inherit stamp collections not to be stamp collectors themselves. Often, there is no readily available expert within one’s personal circle to evaluate or assess the collection, leading to a search for external information on the subject.

Option 1: Utilizing Professional Stamp Appraisal

Advantages of a Professional Appraisal

Engaging a reputable stamp dealer for an appraisal offers a streamlined approach. Stamp dealers possess years of experience and are dedicated to the trade, which allows them to identify stamps that might be overlooked by a novice. Professional appraisal can provide a quick range of values, often within a few weeks. In addition, some dealers may extend offers to purchase the entire collection, thereby saving the owner significant time and effort.

The Appraisal Process

Stamp dealers typically require an in-person evaluation of the stamps to assess their condition accurately. Initial consultations may involve the submission of photographs. If the dealer deems the collection worth further evaluation, they may request that the stamps be shipped for a closer examination. Standard shipping procedures often include:

• Insuring the package at a value acceptable to the owner
• Using a carrier that offers signature tracking to confirm receipt
• Sending the collection in multiple smaller packages if the volume is large

Considerations and Best Practices

While the appraisal process offers time savings, there are factors to consider:

• The number of available stamp dealers has decreased over time, potentially limiting local options.
• Some dealers require the stamps to be sent for evaluation rather than offering an in-person consultation.
• In instances where the authenticity of the appraisal is uncertain, obtaining multiple appraisals can ensure a fair assessment.

Option 2: Self-Education and Research

Online Research and eBay Considerations

For those inclined to take an independent approach, self-education begins with research on the collection. A common resource is the online marketplace, where the sold items feature can provide realistic indicators of stamp values. It is important to note that asking prices do not necessarily reflect the actual sale prices. The advanced search feature on auction websites can reveal the true market value, while attention should be paid to listings that include best offer indicators.

Understanding the Complexity of Stamp Collecting

Stamp collecting is a detailed discipline that involves recognizing hundreds of thousands of stamp designs, each with potential varieties. For instance, a single design, such as a red George Washington stamp, may have over a dozen varieties that appear similar to the untrained eye. These variations can result in a value range that extends from negligible amounts to six figures. Mastery of stamp collecting requires learning about:

• Perforation measurements
• Watermarks
• Printing methods
• Secret marks

Essential Tools and Resources

Self-education typically begins with a comprehensive stamp catalog. The Scott catalog is widely recognized as a standard reference, offering identification and valuation for stamps from around the world. These catalogs are generally specific to individual countries or groups of countries and may be available at local libraries if purchasing one is not feasible.

Weighing the Options Based on Time and Interest

Professional Appraisal for Time-Constrained Individuals

For individuals with limited free time or little interest in the intricacies of stamp collecting, obtaining a professional stamp appraisal can be the most efficient option. This method reduces the time commitment required for self-education and ensures that the evaluation is conducted by an experienced professional.

Self-Education for the Inquisitive Collector

Conversely, those with a keen interest in discovering the history and details of their collection may choose to invest the time required for self-education. This approach offers the potential to uncover hidden gems within the collection and may lead to a broader interest in stamp collecting over time. However, it is important to recognize that this process may require significant hours of research and may not always result in a high appraisal value.

Additional Considerations

Shipping and Handling Precautions

When opting for professional appraisal, the shipping process plays a critical role in maintaining the collection’s integrity. Ensuring that the package is sent with insured and trackable shipping methods minimizes the risk of damage or loss during transit. Dealers may also offer provided ensured shipping labels, adding an extra layer of security.

Maintaining Multiple Appraisals

Given that some dealers might undervalue a collection if they suspect the owner is not an experienced collector, it is advisable to seek appraisals from more than one reputable dealer. This practice helps in obtaining a fair and accurate estimate of the collection’s value.