The hobby of stamp collecting is called philately, and collectors are known as philatelists. Stamp collecting focuses on the collection of stamps used for postage, and some collectors also include the actual envelopes that carried the mail. Other collectible items include the markings and labels from postage meters.Know More
Stamp collecting has been a hobby since the first use of issued stamps. The Penny Black was the first postage stamp issued and was produced in Britain in 1840.
The United States first issued postage stamps in 1847. Two stamps were issued, with the 5-cent stamp featuring Benjamin Franklin and the 10-cent postage featuring George Washington.Learn more about Stamps
A person who collects stamps is known as a philatelist. Stamp collecting is good hobby for people who want to learn about culture, geography and history. Being a philatelist is an inexpensive hobby.Full Answer >
The British Guiana one-cent magenta stamp is the rarest stamp in the world, according to ABC News. It is the only surviving stamp of the 1856 one-cent stamp issuance. The stamp was produced in Georgetown, British Guiana. The stamp has an auction value of anywhere from $10 million to $20 million.Full Answer >
Direct sales or consignment to auction houses or stamp dealers are good methods of selling stamp collections, according to Arpin Philately. Auction house consignments offer sellers the greatest potential price, but sellers commonly pay auction houses a percentage of the selling price.Full Answer >
According to Stamps.org, valuation of a stamp collection depends on many factors including the age, rarity, condition and demand for particular stamps in the collection. The easiest way to get a fair valuation is to have a collection evaluated by an expert stamp collector or dealer. When seeking an evaluation, one must tell the assessor which type of valuation to give: tax value, sale value, insurance value or donation value.Full Answer >