Is SMQ pricing accurate & reliable?
I see such a large value difference between Scott VF and SMQ XF+. I am curious if many stamps actually sell for these inflated SMQ prices. Are these high values just a way to please the many dealers who use expertizing and grading services to continue using their services or do SMQ values reflect the actual market more accurately than Scott's valuation. I was wondering when did this SMQ valuation start?
Comments
What the Scott Catalogue allows you to do with reasonable accuracy is compare the relative value of one stamp issue to another. Scott numbers commanding high catalogue values today will generally realize high values in the future. Similarly, stamps you purchase for pennies today will not gain much if any value over time.
I recommend that you collect whatever brings you joy and make your purchases based on comparison shopping rather that Scott value. It is extremely unlikely that gains from your investment in stamps will fund your retirement or your kid’s education --- but you will have something to show for it when you are done. The money you spend on a round of golf will bring you pleasure (or frustration). The same amount of money spent on stamps will also bring you pleasure but stamp collecting has the added benefit of retaining some monetary value.
Think stamp collecting is a solitary pursuit? It doesn’t have to be. You can share your interest in stamps with other like-minded folks by joining a stamp club. Check the APS site for a club in your area. You may be able to trade your duplicates for stamps you need and make new friends in the process.
https://www.hipstamp.com/store/buybobstamps
Knowing the scarce items as opposed to catalog prices gives one a great advantage on scarce to rare material. The same applies to the persons buying.. most advanced buyers know this better than the dealers selling.. :-) one must guess that the catalogs generally create the low prices for postal stamps but be aware the few BOB stamps that are listed in some postal catalogs often fall into the cinderella category of twilite zone pricing rules. Sanabria is another interesting catalog for Airmails and airmail essays, local airmails not listed in Scott (last edition about 1960?). Hiscocks telegraph catalog of course is good but a few items have greatly changed in rarity due to finds or lack of and all of course are under priced due to age of last edition.