Discussion - Member to Member Sales - Research Center
Discussion - Member to Member Sales - Research Center
They did not mention the word catalogue did they? It was likely made up.
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In my Michel it also has 1000 euros for the set as value. No idea why, but I noticed there are more 1980s sets from Burundi that have such high values.
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03:58:40pm
Maybe less of them were issued. I know my Unitrade Canada Specialized gives the number issued, Scott's does not usually do that. Or maybe the higher denominations had low issue numbers, hence rarer with a higher value. Just a guess, but it makes sense to me.
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For this particular set of stamps, not highest grade or low issue number are the reason for such a high price. Burundi stamps tend to have a higher average catalog value because they issue a wide variety of traditional topicals. A lot of topical collectors feel their stamps are well-designed and reasonably well-printed, so Burundi stamps usually don't get lumped into the "wallpaper" category. So you will find many Burundi sets cataloging in the double-digit values.
Here's are the warnings:
Many collectors whom specialized in Burundi stamps seems to avoid this set. Some Burundi stamps are involved in speculative activity, which is the main reason why collectors don't aggressively pursue these Burundi stamps. Even the the people of Burundi aren't interested in these.
For example, the 4 types of 1983 WWF issues (original, overprint, imperforate) still catalog around $1000 for both MNH and used. How often do people see CTO sets retailing for that range! The key is the last stamp in each stamp, as most of these issues were packaged so that the last time was NOT included.
In my opinion, I wouldn't buy this set even if it's at cheap price. Burundi is a nation that is not known internationally. Great Britain & France dominated the stamp world due to their design, long rich history & global demand for their stamps.
Whenever I see a less known nation that priced stamps at very high, i always get suspicious. Artificially inflating the prices through corrupt government/kingdom.
This is what happens when there is speculation. A group of "investors" (pseudo-collectors) will try to corner and manipulate the market by first hoarding one or two high denomination stamps in the set and in the process, distributing the other stamps as short sets. You don't actually have to corner the market. All you have to do is create the "semblance" of demand.
PS- Domfil catalog listed for 1650 euros for year 2020.
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05:54:30pm
Very interesting Lanuii, I wonder if there are other countries we should watch out for?
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"The key is the last stamp in each stamp, as most of these issues were packaged so that the last time was NOT included."
Could you please, elaborate on this sentence, thanks.
Personally I think that these stamps have an awful design, have they use photography instead of drawings the stamps would have been much more attractive, but even then still do not warrant such a high CV.
Barnum & Bailey comes to mind.
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From Scott's:
"Apparently there is speculation in these two sets. Both sets exist imperf, offered at prices 5-7 times the values shown above."
Something best left to others who feel they are getting something worthwhile.
Lots of other African and Caribbean countries offer ridiculous stamps that I would never touch.
Scott 2009 lists them at $850 MNH, $700 used; WWF overprinted in sliver: $1,000 MNH, $595 used and imperforates at 5-7 times those prices?
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These are around £1200 in SG. They're legitimate issues, which were available over the counter at post offices. They're even known on cover. Are they worth that much to me? Nope
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In the 2020 Scott, They are valued (in italics, so beware of speculation) at $1,288.00 USD for MNH.
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12:43:34am
Collecting some stamp sets stretch
the meaning of Philatelists basic rule,
"Collect what you want, how you want."
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Yes, this set is catalogued high and individual used stamps sell from $3-$50/piece.
I managed to collect quite a few of them paying close to nothing.
Why? Because, the reality is they are not rare. You find them all over the place , sometimes in doubles, blocks of 4 or even blocks of 8.
I am waiting for the time their prices will crash so I can get the remaining stamps I need at 10c to 30c / piece. They are worth about that.
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re: Curious on why such a high cat value
They did not mention the word catalogue did they? It was likely made up.
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this post
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re: Curious on why such a high cat value
In my Michel it also has 1000 euros for the set as value. No idea why, but I noticed there are more 1980s sets from Burundi that have such high values.
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this post
This is my diabetic cat OBI! I think, therefore I am - I think! Descartes, sort of!
15 Apr 2020
03:58:40pm
re: Curious on why such a high cat value
Maybe less of them were issued. I know my Unitrade Canada Specialized gives the number issued, Scott's does not usually do that. Or maybe the higher denominations had low issue numbers, hence rarer with a higher value. Just a guess, but it makes sense to me.
Login to Like
this post
re: Curious on why such a high cat value
For this particular set of stamps, not highest grade or low issue number are the reason for such a high price. Burundi stamps tend to have a higher average catalog value because they issue a wide variety of traditional topicals. A lot of topical collectors feel their stamps are well-designed and reasonably well-printed, so Burundi stamps usually don't get lumped into the "wallpaper" category. So you will find many Burundi sets cataloging in the double-digit values.
Here's are the warnings:
Many collectors whom specialized in Burundi stamps seems to avoid this set. Some Burundi stamps are involved in speculative activity, which is the main reason why collectors don't aggressively pursue these Burundi stamps. Even the the people of Burundi aren't interested in these.
For example, the 4 types of 1983 WWF issues (original, overprint, imperforate) still catalog around $1000 for both MNH and used. How often do people see CTO sets retailing for that range! The key is the last stamp in each stamp, as most of these issues were packaged so that the last time was NOT included.
In my opinion, I wouldn't buy this set even if it's at cheap price. Burundi is a nation that is not known internationally. Great Britain & France dominated the stamp world due to their design, long rich history & global demand for their stamps.
Whenever I see a less known nation that priced stamps at very high, i always get suspicious. Artificially inflating the prices through corrupt government/kingdom.
This is what happens when there is speculation. A group of "investors" (pseudo-collectors) will try to corner and manipulate the market by first hoarding one or two high denomination stamps in the set and in the process, distributing the other stamps as short sets. You don't actually have to corner the market. All you have to do is create the "semblance" of demand.
PS- Domfil catalog listed for 1650 euros for year 2020.
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this post
This is my diabetic cat OBI! I think, therefore I am - I think! Descartes, sort of!
15 Apr 2020
05:54:30pm
re: Curious on why such a high cat value
Very interesting Lanuii, I wonder if there are other countries we should watch out for?
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this post
Approvals
re: Curious on why such a high cat value
"The key is the last stamp in each stamp, as most of these issues were packaged so that the last time was NOT included."
Could you please, elaborate on this sentence, thanks.
Personally I think that these stamps have an awful design, have they use photography instead of drawings the stamps would have been much more attractive, but even then still do not warrant such a high CV.
Barnum & Bailey comes to mind.
Login to Like
this post
re: Curious on why such a high cat value
From Scott's:
"Apparently there is speculation in these two sets. Both sets exist imperf, offered at prices 5-7 times the values shown above."
Something best left to others who feel they are getting something worthwhile.
Lots of other African and Caribbean countries offer ridiculous stamps that I would never touch.
Scott 2009 lists them at $850 MNH, $700 used; WWF overprinted in sliver: $1,000 MNH, $595 used and imperforates at 5-7 times those prices?
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this post
re: Curious on why such a high cat value
These are around £1200 in SG. They're legitimate issues, which were available over the counter at post offices. They're even known on cover. Are they worth that much to me? Nope
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11:23:45pm
re: Curious on why such a high cat value
In the 2020 Scott, They are valued (in italics, so beware of speculation) at $1,288.00 USD for MNH.
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Silence in the face of adversity is the father of complicity and collusion, the first cousins of conspiracy..
16 Apr 2020
12:43:34am
re: Curious on why such a high cat value
Collecting some stamp sets stretch
the meaning of Philatelists basic rule,
"Collect what you want, how you want."
Login to Like
this post
re: Curious on why such a high cat value
Yes, this set is catalogued high and individual used stamps sell from $3-$50/piece.
I managed to collect quite a few of them paying close to nothing.
Why? Because, the reality is they are not rare. You find them all over the place , sometimes in doubles, blocks of 4 or even blocks of 8.
I am waiting for the time their prices will crash so I can get the remaining stamps I need at 10c to 30c / piece. They are worth about that.
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