Stamp collecting is a hobby that anyone can choose to do, but with proper knowledge and research, you can turn that collection hobby into an investment. With the passing of time stamps can both gain and lose value according to what is happening in the world, and how many years have passed since a stamp has been released. The value of a stamp comes both with its release date, and the picture and price depicted on the stamps. While the majority of stamps are only worth face value, if not a couple dollars more, there are a select few that are worth in the higher thousands of dollars.
When looking to invest in stamps you want to start out smart by purchasing a guide that depicts the value of the most popular and common stamps. There are several guides on the market, and they can all be purchased online for a decent price. Once you have a guide you can begin looking through the stamps and notice any trends in value and picture depiction in correlation with age.
Armed with a guide that explains the value of the most common and most rare stamps, you can begin making purchased based on the guide and the trends presented. When purchasing stamps you can find great aid in internet access to specialty and auctioneer websites. Buying at the right time, the right stamp, at the right value is all key in making a sound investment, so play it smart and be sure to buy when you know you can make a dollar.
New stamps are always being produced, so investing in stamps can include both the older stamps with the newer ones. Taking notes on what makes a stamp expensive, looking into avoiding any counterfeit purchases, and paying the right price on each stamp you buy, can all lead to money making through stamp investment.
Overall investing in stamps is not that different from investing in any other tangible item, other than you may have to play the waiting game for several years for a stamp to rise up in value, rather than several weeks or months with a typical stock investment. In the end for the stamp enthusiast who knows what to buy and what to pass up on, investing in stamps is a sound investment that can bring hundreds, even thousands of dollars in prosperous rewards.
Photo Credits: karen horton
Originally posted 2010-09-02 03:31:30.This post involves:
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