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State Of Stamp Collecting
The state of stamp collecting is always an engaging topic. One side claims stamp collecting as a hobby is doing great, while the other side claims it is on its last legs. Who is right and who is wrong? Not an easy question to answer.
Let’s say you have built up a nice collection of U.S. stamps. The day comes when you need to dispose of it. You probably won’t be able to get your grandchildren interested in taking over the collection. For them collecting stamps is “boring!.” So what do you do?
Perhaps you look to eBay to sell off your collection. You quickly learn it isn’t a great way of disposing your collection. The fees are too high, and you aren’t going to get the price you want for your stamps. You get the same story from stamp dealers you contact. You suddenly realize your collection isn’t worth what you though it should be.
The bottom line is that most collectors are not going to make a killing from their collections. Stamp investing is not for the novice collector. Most stamp collecting experts advise you to collect stamps as a hobby not as an investment, which is generally good advice. To properly invest in stamps, you will need to become your own expert, casual collecting experience is never going to get the job done.
If you are serious about investing in stamps, self educate yourself on the idea. There are few books or courses to guide you in this direction. Nobody is going to lead you by the hand into this endeavor. Immerse yourself in the market and seek out your own knowledge. In due time you are going to be the expert people come to.
As to whether stamp collecting as a hobby is going to fade away is another prospect altogether. Not too many young people are entering the hobby. Most collectors are in their retirement years. Once they die off will the hobby survive without new young blood? One trend is that each new year sees a new crop of 60+ collectors.
People get to their retirement age and need something to occupy themselves with. They want a leisurely hobby, which stamp collecting does fulfill. Stamps can be collected on a budget. Not all senior citizens have a large surplus of money. Stamp collecting may be an ideal hobby for these folks. You can collect stamps at any age, don’t wait until your so called “golden years.” to do it.
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