Retired Ap. Book Mod, Pres Golden Gate Stamp Club, Hi Tech Consultant 31 Jan 2021 02:44:39pm
Egypt Scott 121-124 Catalogs for $300M/$250u for the first 3 and $1600/875u for the last stamp. (note the surface defects of the #124, and it was No Gum!)
Rare and expensive. Seldom seen. Plenty of counterfeits. These looked authentic enough! (any expert opinion welcome?)
Yesterday I watched, and watched hoping...eternally the optimist.
Not even close! There were nearly 20 bids for each of the first 3 and 78 bids for the last one!
The auctions closed at above 50% of catalog value!
I did not even place a bid. These 4 slots are destined to remain empty. Who said dreaming was not allowed though? I would have been better off watching and possibly bidding on the other few missing gems that were also on auction. (Scott #167, #224, in particular. They went for 20-25% of catalog.)
I will keep on dreaming, or fill the spots with crude counterfeit stamp (plenty of those), if the price is right, although sellers seem to all think they have the authentic ones!
rrr...
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"E. Rutherford: All science is either physics or stamp collecting."
Harvey I think, therefore I am - I think! 31 Jan 2021 03:10:05pm
re: Dreaming is still allowed.
Firstly, I've never bothered to get the snipe program, it's not that I don't believe in it - I just never bothered. I use the KISS rule, Keep It Simple Stupid! There was an early US souvenir sheet I wanted - #630, the International Philatelic Exhibition (1926). It showed up on E-Bay many times and every time it did I put in a bid of $140, just below half CV. It took about 10 tries but eventually I got it! Don't stop dreaming, eventually it will be yours. It only takes once when the item slips under the radar!!!
Retired Ap. Book Mod, Pres Golden Gate Stamp Club, Hi Tech Consultant 31 Jan 2021 03:37:05pm
re: Dreaming is still allowed.
Thanks Joe. Good advice. I should not be complaining. Some are just impossible to get, but one can still dream. In the same vein, and that is the mystery of these auctions, a number of Belgium Semi Postal stamps I wanted went for a song. I did exactly what you suggested, placed a low bid and went to sleep. Imagine my surprise when I had five out of 7 won at less than half my maximum bid! I suppose if I had won any of the Egypt, my stamp budget would have been exceeded several times over, bringing me in trouble with you know who...
Sniping would have done me no good for the Egypt Port Said o/p. Last second multiple bids doubled or even tripled the earlier bidding. I also checked (ebay does not disclose the buyers, but you can id them nonetheless by looking at the feedback numbers associated with the coded names). Looks like they were bought by 3 separate buyers, so even those with the budget for the stamps had to fight hard, and got just a portion of the set.
Wonder when these stamps will appear again on sale at a reasonable start price and without the obvious counterfeit characteristics.
rrr...
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"E. Rutherford: All science is either physics or stamp collecting."
While you're at it can you explain why the used 298a sheet went for almost $40? My 2011 Scotts has it at $9.00. I was hoping to get it at 1/2 catalog and it went nuts!!!
About a week ago, I bid on a lot on Ebay. I had the high bid until 2 seconds were left. The snipers jumped in and in 2 seconds the bid was over double my bid. I have lost a lot of bids to snipers but I always bid my maximum and let the cards fall where they lay.
Seems like we all mostly agree - set a bid and avoid bidding wars.
The good news is that despite not winning as many lots recently, I'm seeing many high bids. Not so great if you're buying, but good news for the hobby overall. And - wow - what a difference from a year ago! Even with all the shipping delays, this is a good time to sell, yes?
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"Just one more small collection, hun, really! LoL "
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