Take a valuable stamp, prepare it and put it in nice stamps album for your viewing pleasure. Is that all to it for stamp collecting? Not really
It’s seems to be a fact that stamp collecting is a very fulfilling experience for all people around the world. You cannot explain the excitement of getting a valuable postage stamp and watching the value of the stamp appreciate each year. Even with the advancement of emails and digital age, it’s should not be a surprise that the hobby of stamp collecting still lives on among the people.
However, stamp collecting is not just a hobby. It can be more than that.
Stamp collecting can actually be a profitable venture, a hobby that can be transformed into a business, and for many entrepreneurs, a dream come true.
Welcome to the business of stamp collecting, where there are many ways to earn substantial income while enjoying the joys of one of the most wonderful and fulfilling pastimes in the world.
The Game Of Speculation
The number one way by which a stamp collector can earn some income from his hobby is, of course, by buying and selling postage stamps.
Similar to an investment or trading model, a stamp collect is to sell the stamps at the high price when everyone is looking for it, but keep them when they are not. It’s just a business of knowing which postage stamp that have the highest chance of appreciation. When there is an appreciation of the value of the stamps, that is where the collector can sell them for a profit.
Speculative stamp collecting is an investment model that requires a small financial investment – currently circulated stamps cost less than $0.50 each – yet yields significant earnings as a normally-priced stamp today can cost as much as $40 in a matter of 2 or 3 years.
Philatelic investing is similar to simple stamp inventing in so far as they both involve the buying and selling of postage stamps. However, whereas the latter is about speculating on currently circulated postage stamps, the former is all about the purchase and eventual disposition of postage stamps that already command significant prices.
Philatelic investing usually involve stamp collecting that are themed. Philatelic investors usually concentrate on specific types of postage stamps, as the variety of published stamps may be too overwhelming for any businessman in this field.
Philatelic investing will need more research. Unlike simple stamp speculation where investments can be bought for mere cents, the subjects of philatelic investing cost hundreds of dollars, and sometimes, thousands of dollar even. Hence, a critical study of market forces, postal history and other relevant information is necessary in order to make sound investments that have the greatest chances of garnering fantastic profit.
Some people who are deeply involved with this hobby think that speculative postage stamp collecting is not as high-yielding as they’d like to fancy. The problem with philatelic investing is that it does require an amount of investment, which can be pretty tough.
The next best way to capitalize on the prevailing passion for postage stamps is through philatelic brokering.
Philatelic brokering involves offering one’s services to find the postage stamps that particular collectors are looking for. It involves the usage of one’s knowledge about postage stamps and about postal history as well as the industry to provide for the needs of other collectors… for a fee of course.
For example, someone could be looking for 1800s British stamp of a Queen Victoria. Let say if you where to get that stamp for $850, you can contact the collector. You can ask for as $1000 for the stamp and profit the $150 for the transaction that you have provided.