Do Collectible Stamps Still Qualify As An Investment?
Stamps date as far back as the 1800’s and even in 2019 they’re deemed as valuable. If you don’t believe well how about this, a one-Cent Magenta 1856 British Guiana postage stamp sold for $9.5 million at a 2014 Sotheby’s auction.
That’s how profitable of a business collecting stamps can be. I mean never mind that people today hardly write hand written letter anymore or that stamps are hardly even something considered anymore. I mean does Generation Z even know what a stamp is?
But nonetheless it’s very lucrative this can be due to the scarcity of these little pieces of decorated sticky paper known as stamps therefore it becomes a valuable a collectible an heirloom. That passionate collectors and enthusiastic buyers make a very flourishing community.
While older people are higher in number when it comes to this hobby-investment, numbers are far from dwindling. Also it’s important to know that stamp investments are unaffected by economic factors that regulate the value of other asset groups, like real estate or equities. This appealing quality present in stamps entices investors to invest in them.
During the recession, it was noted that rare stamps and coins actually increased in value while pretty much every other asset was heading south. However it’s advised that investing in stamps, though not requiring philatelic skills, is a delicate business. There are a few rare stamps that could increase in value; thus, it’s important to seek the help of experts on how to find and buy these valuable pieces.