How to Determine the Value of a Postage Stamp
The value of a postage stamp can differ significantly based on various factors such as its face value, issue date, condition, and rarity. Understanding these aspects will help you assess the worth of your stamps accurately. In this guide, we will explore a systematic approach to determine the value of a postage stamp, including the steps and key elements to consider.
Step-by-Step Guide to Valuing Postage Stamps
Check the Stamps Face Value: Most stamps have their value printed on the front. This is the initial and often most straightforward method to identify the worth of a stamp. Identify the Stamps Issue Date: The value of some older stamps can vary depending on when they were issued and their rarity. Research is key here, either online or in stamp catalogs. Consult Stamp Catalogs: Resources like the Scott Catalog or online databases provide detailed information about stamps, including their market value based on condition and rarity. Examine Condition: The condition of the stamp significantly affects its value. Stamps in better condition are generally worth more. This includes checking for unused, used, mint, or damaged status. Check Online Marketplaces: Websites like eBay, Delcampe, or specialized stamp auction sites can give you an idea of what similar stamps are selling for. Ask an Expert: If you have a potentially valuable stamp, it's wise to consult a professional appraiser or a local stamp dealer for a more accurate valuation.Additional Factors Affecting the Value of Postage Stamps
There are a few exceptions where the value of a stamp is not immediately apparent. For example, stamps with "forever" printed on them are currently worth the current First Class rate, which is $0.58 today. Additionally, some semi-postal stamps, like the Breast Cancer Awareness stamp, do not have a denomination and their value is determined by the current rate.
Evaluating the Condition and Rarity of Your Stamps
When evaluating the condition and rarity of your stamps, there are several key elements to consider:
1. Centring of the Design
Judge the centring of the design. The more centred the stamp is inside the white perforation border, the better. A perfectly centred stamp is more valuable.
2. Gum Condition
Look at the gum by turning the stamp over. You'll want the gum to be as perfect as possible with no skips or heavy creases. This is crucial for the stamp's value.
3. Stamp Hinge
Check for a stamp hinge. A stamp hinge is a small transparent piece of folded paper coated in mild adhesive that is sometimes glued on the back of a stamp and used to attach it to an album page. A stamp hinge will diminish the value of the stamp even after it's been removed. If your stamp has a hinge attached, call a stamp dealer or expert before attempting to pull it off to avoid damaging the stamp further.
4. Perforations and Cancellation Marks
Check the neatness of the perforations. Some stamps may have more perforations or larger circles, but what matters most is that they have full teeth and clean holes. Look for a cancellation mark. If a stamp has been used, it will be stamped with a cancellation mark over the design. The heavier the cancellation mark, the lower the value of the stamp. Ensure that the cancellation mark does not blot or cover the design of the stamp.
5. Colouring
Evaluate the stamp's colouring. Your stamp’s design should be bright and vibrant. Fading colour can be caused by sunlight, artificial light, dirt, pollution, or skin oils. This aspect can significantly impact the stamp's value.
6. Stamp Grade
Based on the centring of the stamp design and the heaviness of the cancellation mark, you can determine the stamp grade. The grades are: poor, average, fine, very fine, and superb mint condition. The better the centring and the lighter the cancellation mark, the closer the stamp is to a “superb mint condition”. However, grades higher than fine are quite rare as the stamp must be perfect in all aspects.
7. Attachments and Envelopes
Leave the stamp on its envelope if it's still attached. You don't want to risk damaging the stamp by pulling it off or cutting it away. Sometimes, an old used stamp on an envelope with a special cancellation will have a higher value than the stamp would have unused and unattached. Consult an expert at a stamp show or get a professional appraisal to see if the stamp should be removed.
Conclusion
By following these steps and considering the additional factors that affect the value of a postage stamp, you should be able to assess the worth of your stamps effectively. This guide provides a systematic approach to help you determine the value of a postage stamp, ensuring that you make informed decisions based on its condition, rarity, and historical significance.