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General Philatelic/Gen. Discussion : Catalog Valuations versus Face Value for Great Britain Stamps

 

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jbaxter5256
Members Picture


23 Apr 2021
12:20:32pm
I have started adding many newer Great Britain stamps to a Scott album which has pages through 1996 and am finding myself somewhat confused by the Scott catalog valuations for newer stamps. In virtually all cases new United States of America stamps are given a default value of 2 times their face value when rounded up in increments of 5 cents. It appears that stamps for Great Britain are given a default value that appears to be roughly 3 times their face value. Is this mostly related to differences in the exchange rate for the British pound to the US dollar (currently showing 1 pound to 1.38 dollars on Google)?

Interestingly my Great Britain album pages go far beyond my United States album pages in the years of coverage mostly because my United States album was purchased around 1980 while the Great Britain album pages were purchased around 2018. A fortunate purchase of a collection in a stock book on eBay containing stamps for Queen Elizabeth II provided the impetus for expanding the date range past my normal collection limits which have typically been into the late 1970's for country collections and 1963 for a world wide collection. My initial purchase of pages covers up to 1996 for Great Britain. Similarly my France album pages go to 1998 (although I don't have pages for semi-postals for France which is probably a good thing!).

I will admit that I am quite surprised by just how many stamps are being issued each year for various countries and how much face value is required. While I had some awareness I really have not had much reason to look at face values as my collections have not covered modern times.

I noticed that the Great Britain stamps refer to 1st class and 2nd class full value stamps during the 1990 to 1999 period at least which I assume are similar to the United States Forever stamps which are for the standard letter rate of a one ounce letter within the USA. What is the difference in 1st class and 2nd class letter rates in Great Britain and what is the difference in the service provided?
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nigelc
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23 Apr 2021
01:22:01pm
re: Catalog Valuations versus Face Value for Great Britain Stamps

"What is the difference in 1st class and 2nd class letter rates in Great Britain and what is the difference in the service provided?"



Deliveries are made six days a week (Monday to Saturday).

The delivery targets are:

First class - next day delivery

Second class - delivery within two or three days

These are not guaranteed and deliveries to remote locations may take longer.

The current rates for letters are 66p and 85p for up to 100g weight and within set size limits.

Higher rates apply for large letters for up to 750g weight and within larger size limits.



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nigelc
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23 Apr 2021
01:27:33pm
re: Catalog Valuations versus Face Value for Great Britain Stamps

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cdj1122
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Silence in the face of adversity is the father of complicity and collusion, the first cousins of conspiracy..

23 Apr 2021
07:32:24pm
re: Catalog Valuations versus Face Value for Great Britain Stamps

" ....am finding myself somewhat confused by the
Scott catalog valuations for newer stamps. ....'


This is no surprise, JB. What would be astounding
would be that you completely understood the Scott
listings. And there is the answer, Scott's fantasy
numbers are related to "values, actual values", in
that Arabic numerals are used for both.
There are wholesale values, retail values, prices
realized at different auctions and Scott's numerical
listing of supposed comparative rarity.
And then within any similar stamp group, series,
issue set, lies the factor of condition.
PLus, for real confusion delve into a comparison
of Scott numbers with what Gibbons prints in its
catalogs. Simply multiplying the issued face value
by two may be the most constant thing Scott does
with US stamps.
You should be able to find ample
threads in our discussion topics that revolve
around different aspects of the way Scott numbers
are chosen,
so good luck.



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".... You may think you understood what you thought I said, but I'm not sure you realize that what you think you heard is not what I thought I meant. .... "
cdj1122
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Silence in the face of adversity is the father of complicity and collusion, the first cousins of conspiracy..

23 Apr 2021
07:41:27pm
re: Catalog Valuations versus Face Value for Great Britain Stamps

" ... In virtually all cases new United States of America stamps are given a default value of 2 times their face value when rounded up in increments of 5 cents. It appears that stamps for Great Britain are given a default value that appears to be roughly 3 times their face value. Is this mostly related to differences in the exchange rate ..."


I do not think that the variation in the exchange rates has anything to do with doubling or tripling the catalog listings.

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".... You may think you understood what you thought I said, but I'm not sure you realize that what you think you heard is not what I thought I meant. .... "
angore
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Al
Collector, Moderator

24 Apr 2021
05:56:00am
re: Catalog Valuations versus Face Value for Great Britain Stamps

Yes there has been much discussion about catalog values and not just Scott.

By the way, Scott is looking for a managing editor so here is your chance to be involved in Scott values.

https://www.linns.com/news/world-stamps-postal-history/amos-media-seeks-managing-editor-for-scott-catalogs

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"Stamp Collecting is a many splendored thing"
cdj1122
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Silence in the face of adversity is the father of complicity and collusion, the first cousins of conspiracy..

28 Apr 2021
03:48:57am
re: Catalog Valuations versus Face Value for Great Britain Stamps

" .... By the way, Scott is looking for a managing editor
so here is your chance to be involved in Scott values. ..."

I am quite sure that I would rather run a Lemming ranch at the Arctic circle.



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".... You may think you understood what you thought I said, but I'm not sure you realize that what you think you heard is not what I thought I meant. .... "
BrightonPete
Members Picture


Praying for Ukraine

28 Apr 2021
08:54:45am
re: Catalog Valuations versus Face Value for Great Britain Stamps

"I am quite sure that I would rather run a Lemming ranch at the Arctic circle."



Lemmings are so cute too, unless they get trapped in a shed Crying

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DaveSheridan
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28 Apr 2021
12:07:41pm
re: Catalog Valuations versus Face Value for Great Britain Stamps

The switch to "class" postal rates in the UK happened in 1968.

I think it's fair to say that the change was not universally accepted!

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www.b1d.com/store/global-philately
jbaxter5256
Members Picture


28 Apr 2021
02:42:47pm
re: Catalog Valuations versus Face Value for Great Britain Stamps

Thanks VERY much for the covers associated with the shift to 1st and 2nd class delivery!

They really bring home the differences in thought that the move created. I worked for a time nights at the US Post Office in the sorting area during college. One of my first jobs was emptying mailbags received at the local main office and separating out envelopes with air mail stamps in order to expedite delivery. Many people would put air mail stamps on local deliveries because the senders knew that the sorting facility expedited those items during the sorting process. I worked from February into October of that year doing a wide variety of jobs in the sorting facility before the time requirements started to impact school and I had to leave the job (I actually fell asleep in a calculus class with my eyes open which was the final straw in the decision, really scared the professor. Happy ). Originally I worked from 5-10 PM on Thursday, Friday, and Saturday nights then changed it to 6 PM - 2 AM on the same nights which was definitely too much. I had it worked out that if I could sustain it for a full year that I could buy a new Porsche 914 but school was more important (and probably my health Sad ).

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Author/Postings
Members Picture
jbaxter5256

23 Apr 2021
12:20:32pm

I have started adding many newer Great Britain stamps to a Scott album which has pages through 1996 and am finding myself somewhat confused by the Scott catalog valuations for newer stamps. In virtually all cases new United States of America stamps are given a default value of 2 times their face value when rounded up in increments of 5 cents. It appears that stamps for Great Britain are given a default value that appears to be roughly 3 times their face value. Is this mostly related to differences in the exchange rate for the British pound to the US dollar (currently showing 1 pound to 1.38 dollars on Google)?

Interestingly my Great Britain album pages go far beyond my United States album pages in the years of coverage mostly because my United States album was purchased around 1980 while the Great Britain album pages were purchased around 2018. A fortunate purchase of a collection in a stock book on eBay containing stamps for Queen Elizabeth II provided the impetus for expanding the date range past my normal collection limits which have typically been into the late 1970's for country collections and 1963 for a world wide collection. My initial purchase of pages covers up to 1996 for Great Britain. Similarly my France album pages go to 1998 (although I don't have pages for semi-postals for France which is probably a good thing!).

I will admit that I am quite surprised by just how many stamps are being issued each year for various countries and how much face value is required. While I had some awareness I really have not had much reason to look at face values as my collections have not covered modern times.

I noticed that the Great Britain stamps refer to 1st class and 2nd class full value stamps during the 1990 to 1999 period at least which I assume are similar to the United States Forever stamps which are for the standard letter rate of a one ounce letter within the USA. What is the difference in 1st class and 2nd class letter rates in Great Britain and what is the difference in the service provided?

Like
Login to Like
this post
Members Picture
nigelc

23 Apr 2021
01:22:01pm

re: Catalog Valuations versus Face Value for Great Britain Stamps

"What is the difference in 1st class and 2nd class letter rates in Great Britain and what is the difference in the service provided?"



Deliveries are made six days a week (Monday to Saturday).

The delivery targets are:

First class - next day delivery

Second class - delivery within two or three days

These are not guaranteed and deliveries to remote locations may take longer.

The current rates for letters are 66p and 85p for up to 100g weight and within set size limits.

Higher rates apply for large letters for up to 750g weight and within larger size limits.



Like 
1 Member
likes this post.
Login to Like.
Members Picture
nigelc

23 Apr 2021
01:27:33pm

re: Catalog Valuations versus Face Value for Great Britain Stamps

Image Not Found

Like 
1 Member
likes this post.
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Silence in the face of adversity is the father of complicity and collusion, the first cousins of conspiracy..
23 Apr 2021
07:32:24pm

re: Catalog Valuations versus Face Value for Great Britain Stamps

" ....am finding myself somewhat confused by the
Scott catalog valuations for newer stamps. ....'


This is no surprise, JB. What would be astounding
would be that you completely understood the Scott
listings. And there is the answer, Scott's fantasy
numbers are related to "values, actual values", in
that Arabic numerals are used for both.
There are wholesale values, retail values, prices
realized at different auctions and Scott's numerical
listing of supposed comparative rarity.
And then within any similar stamp group, series,
issue set, lies the factor of condition.
PLus, for real confusion delve into a comparison
of Scott numbers with what Gibbons prints in its
catalogs. Simply multiplying the issued face value
by two may be the most constant thing Scott does
with US stamps.
You should be able to find ample
threads in our discussion topics that revolve
around different aspects of the way Scott numbers
are chosen,
so good luck.



Like
Login to Like
this post

".... You may think you understood what you thought I said, but I'm not sure you realize that what you think you heard is not what I thought I meant. .... "

Silence in the face of adversity is the father of complicity and collusion, the first cousins of conspiracy..
23 Apr 2021
07:41:27pm

re: Catalog Valuations versus Face Value for Great Britain Stamps

" ... In virtually all cases new United States of America stamps are given a default value of 2 times their face value when rounded up in increments of 5 cents. It appears that stamps for Great Britain are given a default value that appears to be roughly 3 times their face value. Is this mostly related to differences in the exchange rate ..."


I do not think that the variation in the exchange rates has anything to do with doubling or tripling the catalog listings.

Like
Login to Like
this post

".... You may think you understood what you thought I said, but I'm not sure you realize that what you think you heard is not what I thought I meant. .... "
Members Picture
angore

Al
Collector, Moderator
24 Apr 2021
05:56:00am

re: Catalog Valuations versus Face Value for Great Britain Stamps

Yes there has been much discussion about catalog values and not just Scott.

By the way, Scott is looking for a managing editor so here is your chance to be involved in Scott values.

https://www.linns.com/news/world-stamps-postal-history/amos-media-seeks-managing-editor-for-scott-catalogs

Like
Login to Like
this post

"Stamp Collecting is a many splendored thing"

Silence in the face of adversity is the father of complicity and collusion, the first cousins of conspiracy..
28 Apr 2021
03:48:57am

re: Catalog Valuations versus Face Value for Great Britain Stamps

" .... By the way, Scott is looking for a managing editor
so here is your chance to be involved in Scott values. ..."

I am quite sure that I would rather run a Lemming ranch at the Arctic circle.



Like 
2 Members
like this post.
Login to Like.

".... You may think you understood what you thought I said, but I'm not sure you realize that what you think you heard is not what I thought I meant. .... "
Members Picture
BrightonPete

Praying for Ukraine
28 Apr 2021
08:54:45am

re: Catalog Valuations versus Face Value for Great Britain Stamps

"I am quite sure that I would rather run a Lemming ranch at the Arctic circle."



Lemmings are so cute too, unless they get trapped in a shed Crying

Like
Login to Like
this post
Members Picture
DaveSheridan

28 Apr 2021
12:07:41pm

re: Catalog Valuations versus Face Value for Great Britain Stamps

The switch to "class" postal rates in the UK happened in 1968.

I think it's fair to say that the change was not universally accepted!

Image Not Found

Image Not Found

Image Not Found




Like 
1 Member
likes this post.
Login to Like.

www.b1d.com/store/gl ...
Members Picture
jbaxter5256

28 Apr 2021
02:42:47pm

re: Catalog Valuations versus Face Value for Great Britain Stamps

Thanks VERY much for the covers associated with the shift to 1st and 2nd class delivery!

They really bring home the differences in thought that the move created. I worked for a time nights at the US Post Office in the sorting area during college. One of my first jobs was emptying mailbags received at the local main office and separating out envelopes with air mail stamps in order to expedite delivery. Many people would put air mail stamps on local deliveries because the senders knew that the sorting facility expedited those items during the sorting process. I worked from February into October of that year doing a wide variety of jobs in the sorting facility before the time requirements started to impact school and I had to leave the job (I actually fell asleep in a calculus class with my eyes open which was the final straw in the decision, really scared the professor. Happy ). Originally I worked from 5-10 PM on Thursday, Friday, and Saturday nights then changed it to 6 PM - 2 AM on the same nights which was definitely too much. I had it worked out that if I could sustain it for a full year that I could buy a new Porsche 914 but school was more important (and probably my health Sad ).

Like 
2 Members
like this post.
Login to Like.
        

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