Q:

How can collectors sell their stamps?

A:

Quick Answer

Collectors can sell their stamps online, in pawn shops, with consignment stores, through the American Philatelic Society (APS) and at auctions. It is best for the collector to know how much his or her stamps are worth prior to selling them, as this helps him or her evaluate offers or bids.

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Full Answer

Some collectors are more comfortable selling online, while others prefer to sell their stamps in person.

Step 1: Consider online markets

Online marketplaces and auction sites are popular places to sell stamps. They provide the seller with exposure and listing help, but they usually take a commission for facilitating the sale.

Step 2: Visit pawn shops and consignment stores

A pawn shop purchases stamps to sell to other customers, while a consignment shop takes stamps into their premises for a fee if the items sell. Working with a business that specializes in stamps and other collectibles will help the seller obtain the best possible price.

Step 3: Contact the APS

The APS allows collectors to submit their stamp collections for distribution to potential buyers. Since the organization works exclusively with stamp enthusiasts, they offer exposure to a wide range of potential buyers.

Step 4: Attend an auction

Public and event-specific auctions (such as estate sales) offer another alternative for selling stamps. The stamps are placed on the roster of merchandise, and attendees bid on the items they want. This can result in a higher selling point because attendees compete against each other.

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