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Europe/Great Britain : Silly Scott prices for used GB definitives issued after 2000

 

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philatelia
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19 Mar 2023
08:03:25am
While putting together an approval book for GB, I was stunned by some of the Scott prices for recent (after 2000) used definitives. They seem ridiculously high and look like they are just a percentage of the face value. They do not seem to have any correlation to scarcity or availability. For example, are those regional issues such as the 42p, 44p really so scarce as to be priced a dollar to two dollars? I don’t collect modern GB, but these prices cannot possibly be accurate. I’m not sure how to price these approvals fairly as the Scott catalog seems almost useless for these.

Does Stanley Gibbons have more realistic prices? If yes, would one of you who owns one give me an idea what their prices look like for a few of these issues?

Thanks for your help


Also - if anyone here in the USA has a used SG catalog to sell, email me? Thanks
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DaveSheridan
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19 Mar 2023
08:54:10am
re: Silly Scott prices for used GB definitives issued after 2000

Without knowing exactly which issues you're talking about, I can confirm that the prices are correct. This is from the SG 2020 Commonwealth catalogue for Scotland


Image Not Found

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Jansimon
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collector, seller, MT member

19 Mar 2023
09:04:49am

Approvals
re: Silly Scott prices for used GB definitives issued after 2000

And this is from my Michel 2010. A bit old, but it shows the same trend.

Image Not Found

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Brechinite

19 Mar 2023
09:12:34am
re: Silly Scott prices for used GB definitives issued after 2000

Gibbons Catalogue values 2021 Edition

England Population 56.5 million

42p MNH/Used £1.75 ($2.10)

44p MNH/Used £1.25 ($1.50)

Northern Ireland Population 1.885 million

42p MNH/Used £2.25 ($2.70)

44p MNH/Used £1.40 ($1.68)

Scotland Population 5.52 million

42p MNH/Used £1.75 ($2.10)

44p MNH/Used £1.40 ($1.68)

Wales Population 3.21 million

42p MNH/Used £2.00 ($2.40)

44p MNH/Used £1.60 ($1.92)

These "values" were produced for the 2021 catalogue and the dollar prices are using the current conversion rate of £1 = $1.20. Please remember that the exchange rate has been as high as £1 = $1.35

The population figures must be taken into account to decide the "rarity" of the items in question as well as the number issued.

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philatelia
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19 Mar 2023
09:16:48am
re: Silly Scott prices for used GB definitives issued after 2000

Wow! Those ARE close to Scott’s. They must be harder to find than I thought. THANK YOU for the help.

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Brechinite

19 Mar 2023
09:26:55am
re: Silly Scott prices for used GB definitives issued after 2000

Of course if a 42p MNH stamp has a catalogue "value" of £1.75 and if a seller sells at 20% of catalogue he sells it at £0.35 which is a loss to the seller of 16.66%. If they paid face value.

If the Scott catalogue "value" is $1.70 and the seller sells at 20% catalogue they sell at 34cents which is a loss to the seller of 16 cents = 32% using a conversion rate of £1 =$1.20.

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Brechinite

19 Mar 2023
09:30:14am
re: Silly Scott prices for used GB definitives issued after 2000

One also must remember that since 2000 the number of stamps on letters have decreased dramatically thanks to various types of machine labels being used and the rise of "Forever" stamps and NVI's.

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philatelia
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19 Mar 2023
01:04:56pm
re: Silly Scott prices for used GB definitives issued after 2000

Ouch! You have to drop MNH down to 20% to sell? That’s gotta hurt.

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Jansimon
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collector, seller, MT member

19 Mar 2023
01:30:16pm

Approvals
re: Silly Scott prices for used GB definitives issued after 2000

This surprised me a bit too. Is it what you do, or what everybody does? I normally only go to 20% with (sort of) common stamps and try to go a bit higher with mint and recent ones (30 to 40%), but it depends. But apart from that, it is entirely up to the seller...

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Brechinite

19 Mar 2023
05:02:33pm
re: Silly Scott prices for used GB definitives issued after 2000

"Ouch! You have to drop MNH down to 20% to sell? That’s gotta hurt"

.

YUP! That is what one has to do here on Stamporama and sometimes even go down to 10% of catalogue!

I have to do it as the postage costs from the UK are higher than US Internal postal charges and Scotts catalogue "values" are lower than Stanley Gibbons when one takes into account currency exchange rates!!

If one actually analizes the selling prices here and what percentage actually sells at the prices they are offered at and finally sold at, Stamporama is the place to BUY! BUY! BUY!

There is no place cheaper!
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philatelia
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19 Mar 2023
07:19:05pm
re: Silly Scott prices for used GB definitives issued after 2000

Yes! Shocking that buyers aren’t beating our doors down!

Hey thanks for the help Ian, Jan-Simon and Dave - catalogs pics and all! I finished my approval books and went with 13c or 17c for most of them or about 10%. Now to upload.

If either of you can use them, I have many extras for some of the E, 42, 44 and a few other regionals and would be happy to share with you as a thanks. They turned up in a big unpicked Irish mission mix that I bought back in 2006 so there are quite a few Northern Ireland. If yes, just message me an address if the info is not listed in the membership list and I’ll drop them in the mail.

Cheers!


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angore
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Al
Collector, Moderator

20 Mar 2023
05:30:40am
re: Silly Scott prices for used GB definitives issued after 2000

I think Scott prices are what they are for all stamps....high except for those that price at catalog.

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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..

06 Apr 2023
07:34:28pm
re: Silly Scott prices for used GB definitives issued after 2000

That is because so many dealers have to serve both mint stamp collectors añd t,hose who think that mint stamps with a favor cañcel applied are used.

To get the favor cancels the dealer has to buy mint at full post office price and add his profit. Scott listing can't show a recent used item at fraction of the dealers cost.

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Author/Postings
Members Picture
philatelia

19 Mar 2023
08:03:25am

While putting together an approval book for GB, I was stunned by some of the Scott prices for recent (after 2000) used definitives. They seem ridiculously high and look like they are just a percentage of the face value. They do not seem to have any correlation to scarcity or availability. For example, are those regional issues such as the 42p, 44p really so scarce as to be priced a dollar to two dollars? I don’t collect modern GB, but these prices cannot possibly be accurate. I’m not sure how to price these approvals fairly as the Scott catalog seems almost useless for these.

Does Stanley Gibbons have more realistic prices? If yes, would one of you who owns one give me an idea what their prices look like for a few of these issues?

Thanks for your help


Also - if anyone here in the USA has a used SG catalog to sell, email me? Thanks

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"August 2023 - selling penny start bargain lots on EBay - https://www.ebay.com/str/philatelia"

www.ebay.com/str/phi ...
Members Picture
DaveSheridan

19 Mar 2023
08:54:10am

re: Silly Scott prices for used GB definitives issued after 2000

Without knowing exactly which issues you're talking about, I can confirm that the prices are correct. This is from the SG 2020 Commonwealth catalogue for Scotland


Image Not Found

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Jansimon

collector, seller, MT member
19 Mar 2023
09:04:49am

Approvals

re: Silly Scott prices for used GB definitives issued after 2000

And this is from my Michel 2010. A bit old, but it shows the same trend.

Image Not Found

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Brechinite

19 Mar 2023
09:12:34am

re: Silly Scott prices for used GB definitives issued after 2000

Gibbons Catalogue values 2021 Edition

England Population 56.5 million

42p MNH/Used £1.75 ($2.10)

44p MNH/Used £1.25 ($1.50)

Northern Ireland Population 1.885 million

42p MNH/Used £2.25 ($2.70)

44p MNH/Used £1.40 ($1.68)

Scotland Population 5.52 million

42p MNH/Used £1.75 ($2.10)

44p MNH/Used £1.40 ($1.68)

Wales Population 3.21 million

42p MNH/Used £2.00 ($2.40)

44p MNH/Used £1.60 ($1.92)

These "values" were produced for the 2021 catalogue and the dollar prices are using the current conversion rate of £1 = $1.20. Please remember that the exchange rate has been as high as £1 = $1.35

The population figures must be taken into account to decide the "rarity" of the items in question as well as the number issued.

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"Gonnae no dae that!..........Just gonnae no!"
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philatelia

19 Mar 2023
09:16:48am

re: Silly Scott prices for used GB definitives issued after 2000

Wow! Those ARE close to Scott’s. They must be harder to find than I thought. THANK YOU for the help.

Like
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this post

"August 2023 - selling penny start bargain lots on EBay - https://www.ebay.com/str/philatelia"

www.ebay.com/str/phi ...
Brechinite

19 Mar 2023
09:26:55am

re: Silly Scott prices for used GB definitives issued after 2000

Of course if a 42p MNH stamp has a catalogue "value" of £1.75 and if a seller sells at 20% of catalogue he sells it at £0.35 which is a loss to the seller of 16.66%. If they paid face value.

If the Scott catalogue "value" is $1.70 and the seller sells at 20% catalogue they sell at 34cents which is a loss to the seller of 16 cents = 32% using a conversion rate of £1 =$1.20.

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Brechinite

19 Mar 2023
09:30:14am

re: Silly Scott prices for used GB definitives issued after 2000

One also must remember that since 2000 the number of stamps on letters have decreased dramatically thanks to various types of machine labels being used and the rise of "Forever" stamps and NVI's.

Like 
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"Gonnae no dae that!..........Just gonnae no!"
Members Picture
philatelia

19 Mar 2023
01:04:56pm

re: Silly Scott prices for used GB definitives issued after 2000

Ouch! You have to drop MNH down to 20% to sell? That’s gotta hurt.

Like
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this post

"August 2023 - selling penny start bargain lots on EBay - https://www.ebay.com/str/philatelia"

www.ebay.com/str/phi ...
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Jansimon

collector, seller, MT member
19 Mar 2023
01:30:16pm

Approvals

re: Silly Scott prices for used GB definitives issued after 2000

This surprised me a bit too. Is it what you do, or what everybody does? I normally only go to 20% with (sort of) common stamps and try to go a bit higher with mint and recent ones (30 to 40%), but it depends. But apart from that, it is entirely up to the seller...

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Brechinite

19 Mar 2023
05:02:33pm

re: Silly Scott prices for used GB definitives issued after 2000

"Ouch! You have to drop MNH down to 20% to sell? That’s gotta hurt"

.

YUP! That is what one has to do here on Stamporama and sometimes even go down to 10% of catalogue!

I have to do it as the postage costs from the UK are higher than US Internal postal charges and Scotts catalogue "values" are lower than Stanley Gibbons when one takes into account currency exchange rates!!

If one actually analizes the selling prices here and what percentage actually sells at the prices they are offered at and finally sold at, Stamporama is the place to BUY! BUY! BUY!

There is no place cheaper!
Like 
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likes this post.
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"Gonnae no dae that!..........Just gonnae no!"
Members Picture
philatelia

19 Mar 2023
07:19:05pm

re: Silly Scott prices for used GB definitives issued after 2000

Yes! Shocking that buyers aren’t beating our doors down!

Hey thanks for the help Ian, Jan-Simon and Dave - catalogs pics and all! I finished my approval books and went with 13c or 17c for most of them or about 10%. Now to upload.

If either of you can use them, I have many extras for some of the E, 42, 44 and a few other regionals and would be happy to share with you as a thanks. They turned up in a big unpicked Irish mission mix that I bought back in 2006 so there are quite a few Northern Ireland. If yes, just message me an address if the info is not listed in the membership list and I’ll drop them in the mail.

Cheers!


Like
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this post

"August 2023 - selling penny start bargain lots on EBay - https://www.ebay.com/str/philatelia"

www.ebay.com/str/phi ...
Members Picture
angore

Al
Collector, Moderator
20 Mar 2023
05:30:40am

re: Silly Scott prices for used GB definitives issued after 2000

I think Scott prices are what they are for all stamps....high except for those that price at catalog.

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..
06 Apr 2023
07:34:28pm

re: Silly Scott prices for used GB definitives issued after 2000

That is because so many dealers have to serve both mint stamp collectors añd t,hose who think that mint stamps with a favor cañcel applied are used.

To get the favor cancels the dealer has to buy mint at full post office price and add his profit. Scott listing can't show a recent used item at fraction of the dealers cost.

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. .... "
        

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