Insurance Risk Management Solutions for Companies & Homeowners

8 Things to Consider When Collecting Stamps

Back in 1840, when the first postage stamp appeared in Britain, chances are no one would have guessed that stamps would become a collector’s item. Today, more than 5 million people in the U.S. alone collect, preserve, and trade or sell stamps. If you are considering becoming a “philatelist,” A.K.A. a stamp collector, as a hobby or an investment, there are a few things you should consider before you get started.

Remove Stamp from Envelope

What Kind of Stamps Do You Want to Collect?

One of the first things you’ll need to decide is what kind of stamp to collect. Stamps can be:

  • Commemorative (large and colorful, printed in small quantities only once, and often honor a person, event or subject),
  • Definitive (smaller, printed in large quantities, more than once), or
  • Special (Christmas, Love, Holiday celebration, International rate, Priority mail and Express mail).

You May Want to Focus on a Specific Type of Collecting as Well:

  • Worldwide – While you may not be able to collect every stamp ever made in the world, since there are around 10,000 stamps issued in the world each year, you’ll definitely have plenty to choose from.
  • By country – You may want to focus on one specific country – either the one you live in or one that you’ve visited or have a special affiliation to.
  • By topic – Choosing a topic, such as animals, birds, flowers, space, Disney, or sports, is becoming an increasingly popular method of collecting stamps.
  • Mint vs. used – Typically, people will collect either mint or used stamps. Mint stamps have never been used and often cost more. Used stamps may be easier to collect and may also be collected for the cancellations on them.

Where Will You Get Your Stamps?

You can find stamps almost anywhere:

  • Purchase them new at your local post office.
  • Ask friends, relatives, and local businesses to save them for you (especially those who live in different locations around the country or the world).
  • Find a stamp dealer in your area by visiting the APS Dealer Directory and searching in your state or city.
  • Join a local stamp club to trade stamps with other members or ask for help getting started.
  • Attend a stamp show to find rare stamps and meet other collectors.

How Do You Remove a Stamp from an Envelope?

If you’re collecting used stamps, you’ll need to know how to get the stamps off the envelopes without harming them. Here’s what to do: Tear or cut the envelope around the stamp, leaving a small margin. Then, according to the Smithsonian National Postal Museum, soak the stamp, face down, for a 15-20 minutes in cool water. Once the stamp floats free, remove it from the water using stamp tongs, dry it between paper towels and put a heavy book on it for a day, so it doesn’t curl.

What Special Equipment Do You Need?

  • Magnifying glass – to examine your stamps up close
  • Tongs – to pick up and move stamps
  • Perforation gauge – to measure perforations along the edges of your stamps
  • Watermark detector fluid – to enhance a watermark, design, or pattern pressed into the stamp during manufacturing

Where Will You Store Your Stamps?

You can store stamps in an album or on loose leaf paper in a binder, by using stamp hinges, glassine strips with gum on one side, or stamp mounts, which are clear plastic sleeves. Transparent glassine envelopes can also protect your stamps from grease and air.

Collecting Stamps

How Can You Tell What a Stamp Is Worth?

Get yourself a stamp catalogue. The most common one in the U.S. is the Standard Postage Stamp Catalogue. That will give you an idea of how much different stamps are worth, based on how rare they are. Whether your stamps are mint or used, and what condition they’re in (if they are faded, stained, or torn) will also affect their price.

Who Else Is Collecting Stamps?

There are lots of stamp clubs around – both online and locally. Ask your local postmaster or librarian or visit www.usps.com for a listing of organizations.

Do You Need Insurance?

If you have more than a few stamps or are collecting rare stamps, you may want to protect your investment with the right type of insurance. Look for an insurance company that specializes in fine art and collectibles and will provide you with all-risk coverage.

Contact Tower Street Insurance to Insure Your Art Collection

Whether you own one or two valuable stamps or have a large collection, we can help you assess your risk and ensure you have the right coverage. We are specialist when it comes valuing priceless stamp collections and are here to ensure you're adequately covered. Call us at 972-472-2040 or contact us today when you need to ensure your stamps are covered from loss.

Sources:

https://about.usps.com/corporate-social-responsibility/stamp-collecting.htm

https://stamps.org/

https://postalmuseum.si.edu/stamp-collecting/introduction-to-stamp-collecting/introduction-to-stamp-collecting.html

Client Advocacy

Financial Growth Icon
100

Carriers

Experience Icon
150

Collective Years of Experience

Umbrella Icon
3.5k

Written Policies

Retention Icon
98%

Retention Role

Reviews from Our Satisfied Customers

I love Tower Street and receive the best service from them! They are reliable, caring, and always supportive. Can’t recommend them enough!

- Abby

Chris is a great insurance advisor. He has extensive knowledge of markets, coverages, and risk. I highly recommend him. I wish I had more business to send him.

- Larry

Hear From Customers We've Helped

How Tower Street saved Josh 500k
Hear How Tower Street Saved Josh $500k

Top Carriers We Carry on Personal & Commercial Lines:

CHUBB Logo
AIG Logo
Nationwide Private Client Logo
Pure Insurance Logo
Cincinnati Logo
Berkley One Logo
Vault Logo
Safeco Logo
Travelers Logo
The Hanover Insurance Logo
CNA Logo
Texas Mutual Logo
The Hartford Logo
Progressive Logo
UTICA Logo

See the Full List of Carriers We Offer