Indian postal history - India 1852 Scinde Dawk stamp - Indian Philately

Indian postal history - India 1852 Scinde Dawk stamp - Indian Philately was sold on eBay for $1382 by seller "lunar_nj" (241) from India but item location in Kansas USA.

Now we all know what Indian Postal history. It is nothing but FORGERY or BOGUS (never exist) philately material.

http://gandhistampsclub.blogspot.com/2014/09/scinde-dawk-postal-history-first.html

Do you think this is GENUINE stamp ?

We know how easy is to make stamps and no one will notice it or even don't know whether was really exist.

In this Scinde Dawk you just need a custom embossed seal which can be made for $20-40 and you can start making money.!!

This Scinde Dawk will be easiest to FORGE as it don't need any color combination or performating cutting!!

Also who knows which is genuine or forged as there is no Genuine.!!

This Indian postal history of  India 1852 Scinde Dawk stamp is 165+ years old and still selling in large quantity. In last 10 years I had seen almost more 200 were sold.!!

http://gandhistampsclub.blogspot.com/2018/04/scinde-dawk-1852-stamp.html (sold for $1700 by "dm_stamps" from Sunnyvale, CA)

http://gandhistampsclub.blogspot.com/2013/01/scinde-dawk-stamps.html (sold for $3000 by "staucy" from UK)

http://gandhistampsclub.blogspot.com/2018/04/scinde-dawk-alternative-investment-in.html (sold for $6200 by "pristinephilatelics" from Sunnyvale, CA)

Just 3 eBay transaction were for $10000+ (lot of money for eBay as well as Sunnyvale,CA and Federal tax from just transaction as EU)

In this Indian postal history of  India of 1852 Scinde Dawk stamp on eBay there were 59 bids and 10 bidders as if there is lot of interest.

Anyone can bid on eBay even though they don't have money in account with any number of ebay accounts.!!

We know when price or # of bids are more then there is always SHILL bidding to increase the price.

https://gandhistampsclub.blogspot.com/2015/12/uk-vat-on-collectors-item-and.html

So what do you think about Shill bidding  in this Indian postal history of  India 1852 Scinde Dawk stamp ?

But it's still lot of money even after paying commision to eBay and Kansas state tax and USA federal tax as location is in Kansas USA.

Do you think seller has to pay tax in USA or India ?

So now what do you think about Indian postal history of India 1852 Scinde Dawk stamp  a classic  Indian Philately?

• Genuine or Forgery stamp? 
• Really sold for $1352 ? 
• Shill bidding happened in this eBay transaction ?
• Did eBay got commission on this Scinde Dawk?
• Where seller has to pay taxes ? In USA or India ?
• Is it legal for eBay seller based in India to sell from USA ?

You know my opinion. 

This is nothing but false hope of riches.!!

Thanks

GSC

Alternative Asset Investment Portfolio - Scinde Dawk stamp RPSL - Alternative investment in stamps.

Recently I read article about Alternative investment and I am surprised that author is writing truth about stamp collection.

You don't see truth in stamp collection whether it's a stamp or first day cover or philatelic cover. Everything is FAKE including reporting about stamps.

Some times author (newspaper) don't know anything about stamps and he/she will write whatever stamp collector(cheater) will tell story about stamp.

Some time author will write what he read about stamp without actually thinking whether it's make sense.  Not sure why they even write about stamp collection (as no one collects stamps or even interested in stamps)

Here Patrick is writng about Alternative investment in stamps which are not even selling for 6 pounds where as catalog value is 175 pounds.

So even CATALOG for stamps are useless.!! If they write lower or less value no one is going to buy there catalog.!! Not sure why they are still printing it.!!

https://www.theguardian.com/money/2013/apr/13/stamp-collectors-catalogues-philately-clubs


Recently I saw Scinde Dawk stamp is for sale on by eBay seller "stampscurrency"  from Pleasanton California.!!

Looks like California is the seller market for Indian stamps specially Gandhi stamps, Scinde Dawk stamps and other Indian stamps.!!

It is for sale for $7500 or Make Offer.!!

As my previous blog spot I wrote my opinion that this stamp might not exist.!! (you don't have to believe my opinion.!!).

But yes there is a RPSL certificate.!! (Do this Expert Certificate has value.!!, They are like me and you.!!)

Even they have to change name from Royal Philatelic Society limited to RPSL.

To me it likes UK Royal also don't want to associate there name with them.!!

Now Scinde Dawk with $7500 value RPSL certificate has only one signature where as 75$ value India stamp has 5 signatures.

Don't you think older stamps (170 years) needs more expert signatures.!!

So according to me there is no value in stamps as Alternative Investment.!!

It is all marketing effort by stamp creator who will be also stamp exhibitor and who also will be author in newsletter or blog or stamp forum and work with portfolio manager to sell his creation.!!!

So Beware.!!

Recently I read American Football player lost 9 million dollar in Alternate investment.!! 

He did not invest in stamps.!!

He invested in Jewelry which has some value.!! (it's GOLD not piece of paper.!!)

https://www.cnbc.com/2018/04/11/saints-qb-drew-brees-
lost-9-million-to-what-he-calls-a-scam.html

So BEWARE when you invest in Piece of Paper.!!

Thanks

GSC

IRS taxes - captial gain tax on stamp collection - philatelic material from USA sellers and dealers - 1855 India stamps Bombay used cover

It's year end so everyone is busy in selling there stocks or stamp collection - philatelic material or coin collection in order to minimize their tax payment as stamp seller have to pay capital gain tax so they can minimize tax payment.

When you sell stamps you have to pay tax to USA government through IRS as well as local government in form of sales tax and state tax.

Sales tax you have to pay no matter if you gain or loss money. It's same like VAT in European countries.

I see lot of high value stamp sold on eBay.

Do all seller pay tax to IRS as well as local government ?

In my last post I wrote about VAT when you sell stamp collection or philatelic material in UK. You can read by clicking following.

UK VAT on collector's item and philatelic stamps material - Scinde Dawk India QV 1852 from anglo-indian-affairs

Recently I saw 1855 India Queen Victoria stamp used cover sold for $4010 from New Jersey, USA eBay seller "jwalk5" member since 1999.!!

It's lot of money for this 1855 India Queen Victoria stamp used cover there will lot of hidden expenses it occur such as 

• eBay commission
• PayPal commission
• Local sales tax  (I paid sales tax when I bought Gandhi stamps from Palo Alto, California seller).
• State tax 
• Federal tax

Same apply when you buy it from offline auction houses as you will be paying auction fees to them, but taxes will be same either you are seller or dealer or auction houses.

But what happen if UK resident is selling from USA with help of friend of relatives staying in USA ? How they pay tax ?

Chances of Tax invasion is higher when seller try to sell if from multiple countries such as India or UK or Australia or Belgium or Netherlands.!!

So if you buy following Bombay used cover  at $4010 and you sell it for $6010 in future you will not make any money because you have to pay all the above expenses.

Now do you think this is a GENUINE cover from Bombay to Scotland ?

Because we know how easy it is to forged this 1855 QV stamps from India and also how easy rubber stamp is also forged.!!

In past I wrote about 1854 India Queen Victoria forgery stamps. You can read it by clicking following link.

1854 QUEEN VICTORIA STAMPS : Forgery in Indian stamps & Gandhi Boycott Label

1854 QV Queen Victoria India Litho stamps : Stamp Collection : 100 YEARS OLD ITEMS WILL NOT BE SHIPPED OUTSIDE INDIA ?

Queen Victoria stamps : 1854 India stamps forgery mint sheet can be used to make used stamps?

Queen Victoria stamps : 1854 India stamps forgery mint sheet can be used to make used stamps?

Queen Victoria India 1860 telegraph stamp - QV stamps

So what do you think about this used cover from Bombay to Scotland ?

Is it Genuine or Forgery ?

STAMPLESS COVER ,NO CONTENTS, BOMBAY TO EDINBURGH MAY 4,1855 WITH FOURTEEN EXAMPLES OF INDIA #2 SIX VERTICAL PAIRS AND TWO SINGLES. MANUSCRIPT MARKING 'PAID INLAND & BRITISH POST VIA BOMBAY & SOUTHAMPTON' RED PAID 25 JUL 25 1855, BOXED RED 'INDIA PAID, 'PM' DOUBLE CIRCLE BOMBAY 4 MAY 1855 AND BLACK DATE STAMP JUN W 26 M 1855. BLACK DIAMOND KILLERS ON ALL STAMPS.ON ONION SKIN PAPER.

If you see above screenshot you will see there was lot of interest in this cover. There were 11 bidders and 37 bids.!!

Do you think there is SHILL bidding in this transaction in order to increase price and glorify this philatelic material.

I am not sure whether ebay transaction is a Genuine or something else.  Do you think it is really bought and sold.?

I don't think this FDC should be more than $100 or 200 or 300.!! So what do you think about this FDC pricing and transaction.?

If you like this blog post you may also like following 1948 Gandhi stamp blog post.

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?

Also there are lot of cheating such as Forgery stamps, Shill bidding, BOGUS philatelic material  involved in stamps collection.

Want to know more about FAKE and FORGERY stamps then checkout other blog post click one of the following link and you will be surprised.!!!

1) Philatelic FAKE and FORGERIES.
2) FAKE AERO PHILATELY Covers.
3) Stamp collection CHEATING.
4) Stamp Collection Value
5) Stamp Collecting Facts
6) China stamp collection value.
7) First AirMail Post
8) World First Flight Cover
9) Greatest Stamp Collection Scandal 
10) Biggest stamp collection SCAM
11) SCANDAL in stamp collection 
12) How to increase stamp collection value

Following is information from IRS regarding tax on collections such as stamps or coins.  Please make sure you know what you are doing other wise IRS  is very strict on tax collection.





Now let's get back to point.

Do you think eBay will get commission from this transaction ? ($400 mandatory)

Do you think PayPal will get commission from this transaction if this is default payment of seller ?

Do you think IRS as well as local government and state government will benefit from this kind of transaction ?

Do you think this is real value ($4010) of Bombay used cover ?

Do you think it's a genuine transaction where buyer paid money  to seller, or seller open case with eBay to cancel transaction so he/she don't have to pay commission to eBay as well as he/she don't have to pay any taxes.?

Thanks
GSC

UK VAT on collector's item and philatelic stamps material - Scinde Dawk India QV 1852 from anglo-indian-affairs

Currently I am working on thesis about "VAT on collector's item and philatelic stamps material" and "shares(stock) buying by looking eBay commission income from collector's items selling philatelic materials"

Recently I saw Scinde Dawk India QV 1852 stamp sold for $3070 from eBay seller "anglo-indian-affairs" from UK selling well below catalog value (CV value $9500)

To me this 160+ years old stamp is some what BOGUS because it will be very hard to find information and does not make sense about stamps from this kind country which was ruled by England, I consider this as glorified stamps.!!

(From Wikipedia : The use of the Scinde Dawk adhesive stamps to signify the prepayment of postage began on 1 July 1852 in the Scinde/Sindh district, as part of a comprehensive reform of the district's postal system. A year earlier Sir Bartle Frere had replaced the postal runners with a network of horses and camels, improving communications in the Indus river valley to serve the military and commercial needs of the British East India Company.)

Does it make sense ?

Don't you think it's like a story.!!

Why not QV stamps similar to stamps issued in England from 1840 ?

But this blog post is not about bogus stamp or FORGERY stamps but about money it generates for eBay and UK government.

Lot of money for eBay (shareholders) from commission from this transaction (10% of $3070 = $300).

But lot more  money for UK government from VAT from this philatelic material.($500-550 at rate of 17.5%).

Look following screenshot about UK VAT on collector's item and philatelic stamps material 

Falsification of information to evade payment of VAT may result in fines and/or criminal prosecution. eBay cooperates with government authorities in cases involving potential falsification of information to evade payment of VAT.

Do you think eBay and UK government is getting this money on Scinde Dawk India QV 1852 from "anglo-indian-affairs"?

Because chances of BUYER not paying to seller and eventually seller will file complaint with eBay and get cancel this transaction so don't have to pay commission ?

Also what are chances of SHILL bidding on Scinde Dawk India QV 1852 from "anglo-indian-affairs" (seller philatelic friends or with it's other id) might be increasing price and don't pay. ?

This two factors are very high in stamp collection selling on eBay so don't just buy stock looking this kind of information, because it might be wrong indicator.!!

I will also give you some points to think about this transaction of Scinde Dawk India QV 1852 from "anglo-indian-affairs" so you can decide whether seller got money from buyer or it's a SHILL bidding by looking about details of each bidders which are 

Total bids:  

Items bid on:  

Bid activity (%) with this seller:  

Bid retractions (6 months):  

From this you can predict what's going on.

SHILL bidding or not.?

http://offer.ebay.com/ws/eBayISAPI.dll?ViewBids&item=221972071949&rt=nc&_trksid=p2047675.l2565

• There were 10 bidders and 38 bids on Scinde Dawk India QV 1852 from "anglo-indian-affairs"
• Bid started by t***8(5296)

Now if you see 30-Day Summary details about t***8 bidder you will be surprised.

Total bids: 692

Items bid on: 346

Bid activity (%) with this seller: 13%  

Bid retractions (6 months): 14

Can you believe that bidder t***8 is bidding  on Scinde Dawk India QV 1852 from "anglo-indian-affairs" for 346 items with 692 bids.

But 13% bids are with this seller "anglo-indian-affairs".!! (85 bids with this seller).

Also 23 bids a day done by t***8 bidder.!!

Also bidding on 31 items in a day.!!

Don't it look like a DAY TRADER of stocks.!!

Now let's see 5th bidder d***i (1312) Scinde Dawk India QV 1852 from "anglo-indian-affairs"

Total bids: 1813

Items bid on: 365

Bid activity (%) with this seller: 27%  

Can you believe that 1813 total bids in 30 days on 365 items. ?

27% bid activity with this seller "anglo-indian-affairs". (450+ bids with this seller).

60 bids every day!!

Bids on 32 items every day.!!

'

Now you go through following screen shot and decide about this bidders and think whether it's SHILL bidding or genuine transaction.

After looking above screenshot what is your idea or opinion about this transaction and value of  Scinde Dawk India QV 1852 from "anglo-indian-affairs"

Did you notice any unusal activity  from following ?

Total bids:  

Items bid on:  

Bid activity (%) with this seller:  

Bid retractions (6 months):

Do you think it's SHILL bidding ?

Do you think eBay got commission ?

Do you think UK government is getting VAT on philatelic material selling on eBAY by seller "anglo-indian-affair" ?

Thanks
GSC.