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"My [relative] left me a stamp collection; now what?"
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. In the U.S., 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 (in some countries and situations), 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, sort the material in the collection by country, and sort 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.
Look up some or all of the stamps in the collection. Keep in mind that the minimum value in the Scott stamp catalogues is 20 cents, no matter how undesirable the stamp is, so don't mistake 1,000 20-cent stamps for $200. Also don't mistake catalogue values - which are supposed to resemble selling prices - for what a dealer will pay you. Stamp dealers who buy and sell at the same price don't remain in business very long! 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.
To find a general-purpose stamp dealer, look in the Yellow Pages under "Stamps for Collectors." Many of these stamp store owners do specialize in particular areas, but handle a variety of philatelic specialties. (Here's a tip: If a store says it's "Joe's Coins & Stamps," Joe is a coin dealer who dabbles in stamps. If the name is "Stamps & Coins," then Joe is a stamp dealer who dabbles in coins. You'll do better selling stamps to a stamp dealer and coins to a coin dealer.) No one listed in your phone book? Check the Web sites of the American Philatelic Society or the American Stamp Dealers Association. Both allow you to specify a specialty, a location or both. Both also expect their members to conduct their businesses ethically. Or ask for recommendations in the Message Board here. To get several quick looks at a collection at once, and if the collection is small enough to be portable, you might want to take it to a local stamp show; you can find next weekend's shows on The Virtual Stamp Club's Web site here. However, dealers at a show are often pressed for time and distracted, so this may be best only for getting a "ballpark" idea about the collection. Good luck!
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