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Help! I Inherited A Stamp Collection!
The very first question you have to ask yourself - and you may already have answered - is do you want to keep it or get rid of it? If the latter, are you seeking money or gratitude?If the latter - gratitude - you can skip most of the rest of this article and click here, and just pick a charitable organization. We recommend the American Philatelic Society, a 501(c)3 not-for-profit corporation. If any of the other choices, including taking a tax deduction for your donation, then the first step is to get an idea of what's in the collection. The more work you do, the more you'll get from the collection. You can just take all the books and boxes to a local stamp dealer, dump them on the counter, and say, "What will you give me for this?" but how will you know if you're getting a fair deal? First, then, visit our Introduction to Stamp Collecting article just so you know a little bit about what you have. If you need more information, visit our Message Board and don't be afraid to ask. No one will jump down your throat. Then, separate the material in the collection by country, and separate the covers (envelopes) from the stamps within the countries. Some of the country names may be unfamiliar to you - "CCCP" is the Soviet Union, for example, and "Magyar Posta" is Hungary - so visit the Message Board and ask if you run into one you can't decipher.
What you're looking for is to see if the values of any of the stamps in the collection jump out at you - significantly higher than the others. Make a note of those. If the entire collection consists of "better" stamps, and especially better stamps in a single country or subject, then you'll want to contact a dealer who specializes in that area. Anyone else is likely to give you less for the collection, so that he or she can make a profit selling it to a specialized dealer.
If there are a few better stamps, but most are mediocre, you may be able to get a dealer to purchase the entire collection, so our advice is not to remove those better stamps, because they make the package more desirable. Pull all the good stuff out of a collection, and you may be stuck with the remainder.
Where can you find a specialty dealer? Check the websites of the American Philatelic Society or the American Stamp Dealers Association. Or ask in the Message Board here.
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