February 17, 2020 - Antiques, Art and Collectibles
Unlike real children, however, there comes a time when you might have to part ways with your stamps. When that time comes, you want to get the best possible price for your collection. How do you do that?
Here are a five things anyone should keep in mind when trying to sell old stamps.
There are a few things that the seller can do to make things easier for the pawn shop. Most buyers don’t know much about auction sites, so they aren’t going to trust them. They mostly go through sites like eBay to get an amount.
This may make it difficult and time-consuming for them to find the values of the stamps. To reduce some of this headache, the seller should document what each stamp is before they go to the shop. This will make it easier for the buyer to look them up.
Another thing that can help the pawn shop is if the seller has each of their stamps graded by a PSE.
PSE grading is the standard a pawn shop can trust when it comes to the condition and value of the stamps. If the seller brings a book full of ungraded stamps the money they walk away with will be disappointing.
A seller should always go in prepared to adjust their expectations. Old doesn’t always equal value. Pawn shops have to account for the condition of the stamps and the market for selling them when making you an offer.
A stamp can have a high catalog value, but if it’s in poor condition the price can drop. The buyer should drop their expectation by 15 percent or more.
It might be a good idea to get information from other collectors before visiting a shop. To this end, join a forum, visit a library, or find a Facebook page geared towards collectors.
You’ll join a community of friendly people willing to give you advice. They might be able to tell a seller the value of a stamp going in due to the experience that they have.
The easiest way to find a pawn shop that collects stamps is to do a Google search for shops in the area. The name of the pawn shops along with their phone numbers should pop up.
From there, the seller should call around and tell the shops what they have. If the collection grades well, let the buyer know. It might convince them to offer you more money for the collection.
It can be tricky to sell old stamps because it’s hard to put an exact number on their value. Help the pawn shop out before visiting by either having the collection graded or getting documentation so they know what they’re working with. You should adjust your expectations as well. You won’t always get what you want for the collection. Last, join a forum to get information from other collectors that share your passion.
To learn more about how pawn shop loans work visit the blog for more information.
David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.More Articles