Stamp valuation is in mind of every buyer or seller, collector or dealer.
But I am not sure how to calculate value of stamps and whom to believe.!! Reason for this is that recently I saw Panama stamp of Gandhi which was sold for $22.!!
Panama stamp of Gandhi is one of the GLORIFIED stamp ( increase priced by illegal mean to make it famous.!!).
Read following link to understand what's going in this Panama stamps.
Detail research of Panama stamp
In past 3 years this stamp was sold from $137 - $50, even though it's price in stamp catalog was 60 cents.!! Yes only 60 cents.!!
Not sure how buyer were buying it and dealers were selling it.!!
3-4 months ago stamp catalog increased it's value to $60 and stamp is selling for $22 and that also with 19 bids.!!
Not sure whether facsimile stamp has enter in the market for this stamp too or it's actual price.!!
As we all know that this Panama stamp is also one of the glorified stamp with all kinds of dirty tricks such as SHILL bidding, Not paying to seller after increasing price etc.
Also we had seen BOGUS (never exist) first day cover, and some of the used cover which looks nothing but suspicious of using rubber stamp on simple cover were sold for unbelievable price.!!
So what do you think about his $22 price for this MNH (mint never hinged) stamp.!!
Do you think facsimile or replica stamps are selling instead of genuine.?
As this is white stamp it's very easy to forged as they don't have to worry about center of stamps as well as border or margin on both side.
On Jan 27, I saw same Panama stamp MNH was sold for $108.!!!
On Feb 9th, I saw another Panama stamp MNH sold for $52 with 3 bids on it.
So what do you think now!!
What is Right Price of Gandhi stamp.?
$22 or $108 or $52.!!
Or all 3 prices are wrong !!?
I think so.!!
It should not be more than $5 or $10.!!!
Then you might be thinking why it's selling for $22 or $108.!!
Welcome to Stamp collection !!
Now you will be thinking what is right price.
$21 or $46 or $52 or $71 or $108 or $137.!!
Reason for this high price is
1) You don't need to pay if you win auction.!! if you are SHILL bidder.!!
2) If you are not SHILL bidder then also you don't have to pay if you just want to increase the price.!!
What you see is just glorified pricing, which are false hope of Riches.!!
Stay away from Gandhi stamps if you don't want surprises.!!
It's not INVESTMENT but it's a GAME.!!!
Yes it's a PHILATELIC GAME.!!
Gandhi Stamps Club.