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6/23/12

India Stamps : 1948 Gandhi Overprint SERVICE Stamp : In just 4 months price fell from $1009 to $1.!! OMG ?

Hello Gandhi Stamp Collectors,

If this 10 Rupees 1948 Gandhi SERVICE stamp from India was Genuine stamp then it will be selling for $200,000.!!

In last 4 months FAKE Gandhi SERVICE stamp were sold for $1, $56,  $455 and $1009 even though it's a FAKE stamp and all 4 seller from different countries mentioned about it.

Looking to price difference from $1009 to $1 in just 4 months it's unbelievable price difference which  makes me think that Gandhi Philately is not HOT at all.!!

Click following link to read and you decide.



Even after 3+ years I am still confused how pricing in Gandhi Stamps and Philately is decided.!!



Following is screenshot of March in which stamp was sold from Oakland,California for $1009 by seller "china1stamp" with feedback of only 5.!! Also there were 30 bids.!!!

Not sure whether commission to ebay/paypal was paid !!




Following is screenshot from April sale  for $455 by "simrenzo1" from AUSTRALIA with feedback of 265. Seller also mentioned about the previous auction that it was sold for $1009 with 51 bids.!!

Not sure why but your guess is my guess.!!






In May it was sold for $56 by seller "echobangla" from Australia.!! with 17 bids.!!

BTW: Not sure what's going in Australia.!!

Want to know who is the buyer of following stamp just look feedback of sellers you will know it.!! It's interesting to see it and then think about it.!!




In June it was sold only for 1 Euro from Germany and only 2 bids.!!



To me it is a common practice to increase price of Gandhi stamp by shill bidding  and than make "Second Offer" or by relisting from different id so collector will try to buy it at lower price thinking they got a good deal.!!

So BEWARE of this kind of activity in Gandhi Stamps as well as all other stamps.

I don't have this in my collection because it does not make any sense without knowing details of this stamps.

Thanks
Gandhi Stamps Club
(My favorite blog posts)
Gandhi Stamps are false hopes of RICHES - Part II ?
1948 Indian Gandhi stamps used in Tibet 
Nepal Indian Embassy Cancellation on 1948 Gandhi Stamps
Early usage of 1948 Gandhi stamps
FAKE 1948 Gandhi stamp FDC from India.
Gandhi SERVICE stamp is it REAL or FAKE?

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