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Stamp collecting is a globally popular hobby, and collectors love everything from the aesthetic design aspects of stamps to their rich history. Determining the monetary value of stamps can help you value them higher and know what to expect when deciding to sell.
Steps
Observe the actual condition of the stamp
- If your stamp has a sticker attached, consult a professional or stamp dealer before removing it yourself, as you may further damage the stamp.
- Basically, the more unbalanced the stamp design and the darker the cancel mark, the closer the rating is to the “poor” rating.
- Great review scores are quite rare, as stamps have to be perfect in every way.
Determine the history and rarity of the stamp
- See professional stamp traders if you need more help. The older the stamp, the more valuable it is – so it’s worth the extra effort!
- Stamps printed within the last 70 years, even brand new ones, may not be valued more than the original stamp. [10] X Research Source
- For example, a photograph of Queen Victoria might be a UK stamp of the 19th-early 20th centuries, while a photograph of the Hoover Dam might be of the mid-20th century America.
- American stamp collectors often use the Scott Specialized Directory (also available as an e-book), while British stamp collectors prefer the Stanley Gibbons catalog. Go to your local library to see what kind of materials you can look up.
- You can also look up online resources and directories, but those sources are not reliable enough. They may not be recognized or accurate as reference books.
- An old stamp is not necessarily rare and valuable. For example, the 1 cent Benjamin Franklin stamp of 1861, is not worth much because about 150 million such stamps have been produced. [13] X Research Source
- Valuable stamp errors include design flaws, such as a map showing the wrong border; omissions, such as the Thatcher ferry bridge missing in the stamp design; or an inversion error, like the American reverse Jenny stamp with an upside-down plane.
Ask for expert advice on stamps
- Stamp price indications may not be entirely accurate, but you will get a rough idea of how much your stamp might be worth.
- To find a stamp dealer in other countries, search online. Organizations like the APS, although this is an American group, often list traders (as well as stamp exhibitions) in other countries, such as Canada and the United Kingdom.
This article is co-authored by a team of editors and trained researchers who confirm the accuracy and completeness of the article.
The wikiHow Content Management team carefully monitors the work of editors to ensure that every article is up to a high standard of quality.
There are 8 references cited in this article that you can see at the bottom of the page.
This article has been viewed 9,385 times.
Stamp collecting is a globally popular hobby, and collectors love everything from the aesthetic design aspects of stamps to their rich history. Determining the monetary value of stamps can help you value them higher and know what to expect when deciding to sell.
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