A Brief History Lesson on 1980 stamp prices?

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fromdownunder
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A Brief History Lesson on 1980 stamp prices?

Post by fromdownunder »

I recently acquired a 1980 Australasian Stamp Catalogue, which still included the update of prices which was included at the last minute because of the heated market at the time.

For newer readers who are not totally aware of that period of our hobby, I will just post some of the prices and this may help you understand why decimals are not as popular as they used to be.

I need to state that sets would have changed hands at these prices, there has been a lot of inflation since then, and there may be people still sitting on this "investment" and wondering how much it is worth:

MUH:

Pre-Decimal Navigators (8) $765.00
7c-10c 1966 Fish $30.00
Decimal Navigators $213.00
Soil/Medical Pair $30.00
Flight Block of 9 $60.00
Christmans 1971 Block 25 $350.00
Block of 7 of the above $100.00

Since this thread has been recently bumped, I am editing this post to reflect what the real current day prices were when I first wrote this, as what Rod Perry said later on in the thread is true - many younger and overseas members will not understand how completely these prices have been destroyed in the 40 years since the bust. They are even lower now (2019).

Pre-Decimal Navigators (8) $765.00 ($150 - 200)
7c-10c 1966 Fish $30.00 ($1-$2)
Decimal Navigators $213.00 ($20 - $25)
Soil/Medical Pair $30.00 ($8 - $10 unfolded)
Flight Block of 9 $60.00 ($5)
Christmans 1971 Block 25 $350.00 ($~$80)
Block of 7 of the above $100.00 (~$20)


This was in the days when, if it had perforations and was Australia or territories, you could sell it the same day.

Norm

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1980 catalogue costs.

Post by waroff49 »

I just wonder how many people were turned off collecting, at these prices? It was also a period when INVESTORS flooded the market and sat on huge (pages) stocks as a hedge against inflation, not realizing that the more people who did this, the less their investment would be in the long run. When you consider that the KGV and Kangaroos ran for years but used copies can still be picked up for a song (OK not the higher values- but certainly the lower values) and that's 90 years on.
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Post by admin »

What a superb post!

Boy do I remember those prices .... ;)

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Post by ozstamps »

These prices above not only were paid but exceeded in this "BOOM" market. :D

I just listed a Pitcairn Island collection for sale at $A350 -

Where the owner had receipts that he bought it 25 years back for $1800!


Image


==============

https://www.glenstephens.com/rarity.html" onclick="window.open(this.href);return false;

Pitcairn Island Complete Country lovely collection for $350: A nice clean mint collection is a special Pitcairn album inc all the mini sheets. Complete country 1940 to 1983. Earlies mostly MVLH, others fresh MUH. Cat value these days is £350 = $A875. Back when this was purchased the stamps cost $1,800 according to owner notes. True.

The Silver Wedding alone got to $750 a set in the early 1980s and the UPU was $300 - I had huge stock of Pitcairn then, and the prices of that and UPU set illustrated were just insane. If you have any old early 80s stamp magazines you can verify this readily. Anyway, a darn cheap buy at today reduced levels, all in a nice album - lots of stamps - $A350
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Post by jobi01 »

During the 1980s an outfit called Coach Investments operated internationally but was based in the USA. These people issued their own certificates of grade (extremely inflated) and authenticity. They also marketed a number of single country catalogs (with extremely inflated prices). The catalogs included stamps not available elsewhere and many of the catalogs were apparently sanctioned by stamp issuing bodies (as well as some non-existent ones).

They, along with other nefarious operations added greatly to the upward spiral of stamp prices as they hustled investors with typical stock market type strategies.

The artificial stamp valuations were then adopted by legitimate stamp catalogers who provided justification for the investors and investment dealers to further inflate prices.

A low in stock market profits made investing in stamps look safe and profitable creating a gullible and uneducated buying public.

Legitimate stamp collectors and dealers loved getting those high prices when selling and bemoaned the high prices when buying.

Fortunate for all of us that the Afinsa stamp investment pyramid scheme was busted or might have seen a replay of the 80s.
Bill Lehr - JOBI Philatelic Services
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Post by ozstamps »

Bill .. I think number graded/slabbed USA stamps is heading that market the same way!
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Post by jobi01 »

Short term, it seems that way. Long term, I hope not.
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Post by petercollects0 »

I recall those 1980 prices very well, caused me to give up collecting for a few years as I simply couldn't afford it whilst I was at University :cry:

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Post by SimonDunkerley »

I could write a book on the 'boom prices' in the market in 1979-80 and compare them to today's market, and may well do one day.

I saw 1971 Christmas sheets of 100 sell at auction for $1600+ many times, decimal navigators sell for $250+, most 2/3d commemoratives selling for around $30 a stamp in sheets, the decimal trees stamps selling for $650 in sheets time and time again to one investor... I do know of one set of Pitcairn in blocks of four selling for $12,000 in 1980; and several sets of decimal navigators in sheets selling in the $20,000 to $25,000 range per set of sheets!

I remember one day being asked by a so-called investor what his 20 sets of decimal navigators he had just paid $5,000 for might be worth in a few years and I made the comment if he doesn't sell now perhaps he should take out an insurance policy to cover his losses. On the rough rule of thumb that to earn 10% per year an asset needs to double in value every 7 years, his sets would need to be worth $80,000 by next year. What are they worth now? about $400! ... or 0.5% of the target. I have often wondered since if he sold them or took out an insurance policy if such a thing was at all possible?

Just to put some balance, not all stamps have been a bad investment. Good covers, proofs, rare plate numbers, most monograms, rare imprints, many errors and varieties etc. are worth far above their 1980 prices and in many cases have gone up in value well above the 10% per annum. As a general rule it was only the normal readily available material that shot up to unbelievable values at that time and the fact that it has gone down is of no surprise as the prices were artificially high and not indicative of the real long term market for quality stamps.

As mentioned above, the economic times were very different. Inflation was well above interest rates - in fact about double; many traditional investments were relatively flat, gold was very close to $US1,000 which at the time was about $A900 as our $ was stronger than the greenback then...

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Post by ozstamps »

Norm .. what were the 1972 Xmas issues rated at back then, out of interest?

I just loaded up an "Investor Parcel" from that era of 250 sets on my rarity page for $625 the lot. I bet the original owner paid TEN times that in 1980. :roll:

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Post by fromdownunder »

Glen, the 35c 1972 Xmas was $16 MUH, $14 FU. 250 sets? Call it $4K. You're giving them away at $625!

True story, coming up, not urban legend:

Once upon a time, there was a stamp retailer in Little Lonsdale St called "Weekend Stamps". During the boom peak, I saw an offer of $600 for complete sheets of the 10c Australian Famous Women set accepted. This was not unusual.

This was: A person walked in at about the same time and offered stamps for sale over face that he had just purchased at the GPO in Bourke St.

Insane times, and I was not a buyer, but a seller, who fortunately at the time had access to the used stamps of a Gov't Dept which received up to 100 Registered packages per day. (And, yes I did share the takings equally with everyone in the section)

Norm
Last edited by fromdownunder on 09 Jun 2007 21:49, edited 1 time in total.

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Post by ozstamps »

Norm ... you are cheating me .. I have 250 SETS of 2 not just the 35c. :)

Yep, new issues told for many times face at that time. Sometimes on the same week of issue.

I literally stood outside the GPO one day with a handful of $50 notes.

The 1979 20c "Waterfall" sheets were on sale inside. Cost $20 a sheet of 100. MAX of 2 per person as the gutter pairs were "hot".

I approached folks walking down George St and said "wanna make 10 bucks for 2 minutes work"?

Most folks oddly thought it was a trap of some kind. 8)

Those that agreed I'd give a $50 note to, ask them to walk inside, asked for "2 sheets of waterfalls please" bring them to me, and pocket the e $10.

Back then $10 was worth about $50 in buying power. Decent return for 2 mins work.

I rounded up 100 sheets in an hour.

Advertised them in the next Saturday's SMH classified at $50 a sheet and was rushed. Some folks bought 10 or 25 sheets a time.

My cost - 100 x $20 = $2000, plus $500 passer-by fees = $2,500.

My take - $5,000 less $10 for the ad. :D
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Post by wannabgeek »

If thats how badly sought after they were then, whats the story now? Can I retire young on these gutter ones? :lol:
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Post by waroff49 »

Sadly not... my old Aust. Stamp Cat (2002) lists them at $2.00 for the gutter pair

Good thoughts though.
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Post by admin »

wannabgeek wrote:
If thats how badly sought after they were then, whats the story now?

Can I retire young on these gutter ones? :lol:


Image
Them's the ones. They were $10 a pair for a while! I lick them on parcels now. :idea:

:D

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Post by petercollects0 »

Ah, I remember these well :(

As a 17 year old, I used what savings I had at the time to buy a sheet of these, and the setenent strip of 5 also in the set.

Recently I re-discovered them in a folder, and I've started using them for postage :cry:
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Post by wannabgeek »

Oh well, Ill still keep em, maybe some one can grade em and then they'll be worth a fortune lmao :lol:
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Post by Aladdin »

Great thread!

I started collecting as a child in the 1980s. I was too young to appreciate the investment side of things, but I can remember the spirit of the age - my friends' dads "investing" in stamps, a dedicated philatelic counter in my local suburban post office (I can hardly believe it was ever that way), and the Ausipex 84 stamp exhibition receiving massive coverage and drawing thousands to the Melbourne Exhibition Buildings (well, that's how I remember it through my eyes).

Now that I'm older, I LOVE boomtime stories! The nation seized with such a fervour, the shenanigans the dealers used to get up to (great Waterfalls story, Glen), and the evil fun of giggling mischievously at the investors' eventual disappointment. And to think that I was there... largely oblivious to it all, but I was there nonetheless. If anyone ever writes a book on the era, there's one sale here ready and waiting.

I still have a big soft spot for 70s and 80s stamps, for purely sentimental reasons. Much as we all love roos and KGVs, I think this was the peak period of Australian stamp design - full of colour and themes that sang of a still-young nation celebrating its history and identity, finally free (mostly) of kowtowing to Empire and venerating minor foreign royals, but yet to be sullied by crass commercialism and the dreary modern tendency to write the theme of an issue in large letters instead of drawing a picture. What a pity that such beautiful stamps now lie so unloved in bargain bins.

I indulged my inner child not long ago, and bought a complete MUH 1966-2001 collection for a pittance. I was the only bidder. :cry:

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Post by gavin-h »

Fantastic posting, Aladdin! :D

As a card-carrying Pom, even I'd buy a copy of that book if it was ever written. 8)

Glen - how about sharpening your pencil and making a start :?: :!:

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Post by Peteski76 »

OMG!!! :shock:

Fantastic thread - it does show that we can all get carried away. Even with inflation I reckon those prices that Norm quoted might be many many years away from being repeated.

After having stopped collecting from my teens onwards, I was flicking through an old album wondering if my stamps were worth anything, then I checked on ebay and realised that they weren't, but that prices were very reasonable and that most stamps from the 70s/80s/90s could be gotten for around face and sometimes less. So I guess I have those lemming investors from the 70s and 80s to thank for me being able to build up a nice collection relatively cheaply (not that my wife would agree with the cheap bit...)

I'm still chuckling to myself about Glen's story, next time I'm in Sydney I'll run to the post office for you for $10! :lol:

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Post by repanidi »

I am really pleased to have read this thread. As I have only started collecting, I was amazed at the (lower) prices that I seem to have been able to purchase popular stamps for from ebay. My husband kept telling me that I must be getting forgeries, or that there was something wrong with the stamps, because he remembered his old dad purchasing same for many $$$. In fact, we still have receipts for many of these purchases and I have been flabbergasted by what he spent on stamps every year, compared with what can be purchased today.

So when I purchase similar items for half or third of what he paid in the 80s, I am pleased to note that I may not necessarily be buying inferior stamps. Mind you I copy and print up all would be purchases on ebay, and then examine them again when they arrive, and they seem to be ok. I'm not talking rarities or special stamps, or even pre-decimals - just your ordinary garden variety stuff put out since decimals started to put in the empty pages of my Seven Seas albums.

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Post by fromdownunder »

I will add to this thread just to say that this sort of stupidity is, and was not unique to stamps. I am certain that Glen and others recall the Phone Card boom of 1994, where the Adelaide set went from $100 to around $1,400 in a matter of months, and then totally crashed and burned in literally weeks.

Every phone card available mint or used reached crazy prices.

There was also Ostrich farms (where people apparently forgot that big Ostriches can have lots of little Ostriches, and at the end of this process, you need ... you know... a product, not just lots of little Ostriches)

Then there was the Hong Kong stamp boom before the changeover from GB to China.

Glen has articles on both the phone card and Hong Kong subjects.

Oh! And the .com boom where if you had an address you could get people to invest in it. Boo.com being probably the best example of squandered capital.

Fun and games for those of us who just watched. It has all happened before, it will happen again. Hopefully not with stamps.

Norm
Last edited by fromdownunder on 20 Jun 2007 14:20, edited 1 time in total.

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Post by SimonDunkerley »

As I wrote above on June 7, i could write a book on this topic and the reality is that I have already written many articles that could be put into a book - and more than likely will be at some time... I have done all the research on prices and was in the thick of the market then - working for someone else at that time and handling more material than anyone else in the industry.

Just to correct one point above, it was not controlled by the dealers who someone says are laughing at it now - it was demand driven and it was not just confined to Australian stamps ... all the dealers were doing was trying to source as much material as they could to supply the demand and were often paying more one day than they had sold for a few days before or even the day before.

It was largely driven by so-called 'investors' who had more money than sense, and the economic circumstances paved the way for it as people were crying out for alternative investments as the traditional ones were relatively flat - coupled with interest rates being about half the inflation rate.

A recipe for disaster and it was no surprise what happened - I was warning people long before the 'modern straight material bust'.

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Post by ewen s »

Bump - for all the newer members who may not have read this thread.

Sounds like there was a lot of heartache going around back then.

Ewen

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Post by Tassie_Stamps »

This is an awesome thread. :)

Lots of good stories.

My father used to spend his pocket money buying 1980's investment stuff.... Its still lying around the place now. :roll:

The sentimental value is more than the retail, apparently :shock:

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Post by ewen s »

Seems like "good time to invest" = "good time to sell"!

Ewen :?

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Post by Lakatoi 4 »

I remember my late father buying sheets and sheets of mint decimal stamps at the top of the boomtime. I commented to him at the time that perhaps one good quality Roo would be a better investment :idea:

The sheets were eventually broken up and used for normal postage, but I still have some - a good reminder not to buy during a "fad" :!:
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Post by reddog »

When I first got back into collecting a few years ago
I picked up a 2006 catalogue available at newsagents. Later I acquired a 1984 Australasian Stamp Catalogue and was constantly amazed to see what common issues were demanding back then compared to current retail values.

What is interesting to see is which issues have maintained their value. The old supply/demand reality sure holds true.

This is why I hope that my area of collecting (Australian early Federal 1901-1913) remains undiscovered. Some of these issues are much scarcer than roos of equivalent denomination but sell for a fraction of the price. A case of limited supply and limited demand.

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Post by davidtoo »

Hi I was given an interesting booklet a week ago titled "McCabe Stamp Investments" and here are a couple of the pages. (There is no date on it but I assume this was issued early 80"s)

The "hard sell "

Image

Big increase in price?


Image

Current price from dealer internet price list is $500 per 100 (for both values)

This portfolio would be the clincher

Image

Current prices ( not for roo) are in order $65 (if green), $100 (thick paper), $125, $950, $12

How long to hold??

Image

Maybe a bit more than 5 years??????????
Last edited by davidtoo on 20 Dec 2008 07:43, edited 1 time in total.
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Post by fromdownunder »

Thanks David. Nice post and scans. Let's hope it never happens again.

Mind you, if it does, I will sell in a minute then wait two years and start buying again.

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Re: A Brief History Lesson on 1980 stamp prices?

Post by Tassie_Stamps »

Making this post to bump up a very old thread I just found, which I have thoroughly enjoyed reading.

Learnt some great stuff, and I glad I was not a 1980 investor. :D

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Re: A Brief History Lesson on 1980 stamp prices?

Post by ozstamps »

I sold today 100 copies each of the 40c and 50c Nav for $1,200 -- $6 each, and was pleased to get rid of them!

Big change to $55 EACH!
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Re: A Brief History Lesson on 1980 stamp prices?

Post by fromdownunder »

fromdownunder wrote:I recently acquired a 1980 Australasian Stamp Catalogue, which still included the update of prices which was included at the last minute because of the heated market at the time.

For newer readers who are not totally aware of that period of our hobby, I will just post some of the prices and this may help you understand why decimals are not as popular as they used to be.

I need to state that sets would have changed hands at these prices, there has been a lot of inflation since then, and there may be people still sitting on this "investment" and wondering how much it is worth:

MUH:

Pre-Decimal Navigators (8) $765.00
7c-10c 1966 Fish $30.00
Decimal Navigators $213.00
Soil/Medical Pair $30.00
Flight Block of 9 $60.00
Christmans 1971 Block 25 $350.00
Block of 7 of the above $100.00

This was in the days when, if it had perforations and was Australia or territories, you could sell it the same day.

Norm
Since this thread has been revived, and there are people reading it all over the world who have no idea as to how ludicrous these prices are in modern times, comparisons are needed for those who came in late.

All items are in $A, and approximates as to what you could get this stuff for: The then is from the origianl post (1980 prices), and the bracketed prices are what you can get these items for now.

Pre-Decimal Navigators (8) $765.00 ($150 - 200)
7c-10c 1966 Fish $30.00 ($1-$2)
Decimal Navigators $213.00 ($20 - $25)
Soil/Medical Pair $30.00 ($8 - $10)
Flight Block of 9 $60.00 ($5)
Christmans 1971 Block 25 $350.00 ($~$80)
Block of 7 of the above $100.00 (~$20)

Taking inflation into account over the past 30 years, people who did buy at the originally quoted prices have virtually lot the lot. The same ratio applies to ALL Aussie decimals as pretty much everything that sold at these sort of prices is still used for postage these days.

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Post by phrag99 »

I wonder what happened to Mr McCabe?

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Re: A Brief History Lesson on 1980 stamp prices?

Post by reddies »

Norm,

Let HISTORY record my STUPIDITY during that 1980's era. Yes, I too was caught up in the craze. I remember buying 2 Australian £1 Bi-color Roos for $2300. It's important to me to be Honest these days so I'll also tell you that a 1969 Full Sheet of 100 x 5c Australian Flight, that I paid $5 at the Post Office, was sold by me for $320, enough to buy 4 new tyres for my FB Holden.

I'm too EMBARRASED to tell you what I paid for an additional sheet of Australian X-mas 71, which I already had from the Post Office. :shock: :(

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Re: Re:

Post by ozstamps »

phrag99 wrote:
I wonder what happened to Mr McCabe?
Burnt at the stake I hope. :)

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Re: A Brief History Lesson on 1980 stamp prices?

Post by reddies »

Back in the early 80's when Gold was $820/oz, contrary to Everybody's advice, I bought a hand full of Gold coins. When I began to work out the Investment potential, I went into DEEP depression, so I've never been able to work out the TOTAL LOSS. :cry:

It was a VERY expensive lesson to learn. If ONLY I'd listened to Mum. I feel sorry for those who BORROWED against their house to buy Gold then, and, there were many. :(

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Re: A Brief History Lesson on 1980 stamp prices?

Post by traralgon3844 »

I'll bet the lessons of the past have not been learnt.

There will be plenty of people 'investing' in gold now.
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Re: A Brief History Lesson on 1980 stamp prices?

Post by waroff49 »

$830/oz for gold- well over $1,350 NOW, if held it wouldn't have been too bad an investment. like most investments you have to hold them for a while to make a profit.

O.K. while the market is up at the moment, I feel it will stay that way until (if ever) the U.S.$ market improves.
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Post by punter »

phrag99 wrote:I wonder what happened to Mr McCabe?
I'm pretty sure he was diagnosed with cancer not that long after this and died a few months later.

He used to produce a weekly (or monthly) investment letter mainly about shares. This advice about stamps was only a one off as far as I can remember. He issued similar stories about art etc or anything else that was a likely investment.

He was apparently a "high flyer" there for a little while and probably made quite a lot of money from hungry investors who would take tips from anyone. A forerunner of quite a few tipsters who came and went or ended up sharing a cell.
Winding down after 40 or more years of accumulating.

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Re: A Brief History Lesson on 1980 stamp prices?

Post by PeterS »

waroff49 wrote:$830/oz for gold- well over $1,350 NOW, if held it wouldn't have been too bad an investment. like most investments you have to hold them for a while to make a profit.

O.K. while the market is up at the moment, I feel it will stay that way until (if ever) the U.S.$ market improves.
Just over 50% return in 25+ years? Not too good in my view, for that sort of an investment. You can't do anything else with gold than hold it. At least with stamps you have the pleasure of ownership and the 50% return is a bonus.

I am a bull on gold, have been for a couple of years. Whilst Quantitative Easing (effectively creating money) continues in the US and Europe, gold will continue to be strong (in US$ terms!). The world is becoming awash with money and it has to go somewhere.

Investing in stamps, like any other investment, is managed by supply and demand. In the 1980s demand was strong, but so was supply. There was no real problem with finding those $250 sets of Decimal Navigators. The numbers available far exceeded the long term demand, even if short term they were being bought up. The 'investors' did not plan to hold them for too long and I am sure that, as prices went up, early buyers began to sell.

Then, suddenly, lots of 'investors' wanted to sell and there simply weren't enough buyers to absorb the supply, so prices fell, feeding a rush to offload and forcing prices down further.
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Re: A Brief History Lesson on 1980 stamp prices?

Post by reddies »

Peter,

I don't know how old you are, but can you remember when the Australian 18c Rehabilitation Stamp sold for $2.10 a copy. :?: At a local Dealer, a Collector counted out $2,200 for a full sheet of Australian 35c X-mas 1972, the Dealer pointed out that he'd "got a bargain". My Post Master told me how he'd Ordered in 250 sheets of the 1980 22c 'Australian Folklore', for a FEW local Investor Collectors. :!: :(

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Re: A Brief History Lesson on 1980 stamp prices?

Post by PeterS »

reddies wrote:Peter,

I don't know how old you are, but can you remember when the Australian 18c Rehabilitation Stamp sold for $2.10 a copy. :?: At a local Dealer, a Collector counted out $2,200 for a full sheet of Australian 35c X-mas 1972, the Dealer pointed out that he'd "got a bargain". My Post Master told me how he'd Ordered in 250 sheets of the 1980 22c 'Australian Folklore', for a FEW local Investor Collectors. :!: :(
Yes, I remember those days well. Far too many people who thought the wait to wealth was to buy new issues in sheets, hold them for a short while and then make their fortune.

I am sure that, like any boom, a few made some money. The (overwhelming) majority thought boom conditions would last forever and didn't, therefore, pick the time to sell.
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Re: A Brief History Lesson on 1980 stamp prices?

Post by Allanswood »

It's all peaks and troughs. Ups and Downs the never ending self generated cycle of world business and collectables trading. I mean in the 80's werent some "Tazo's" and "Pokemon" cards worth more than gold?

Reddies if you had just banked your $830 by my quick calcs it would be worth anywhere from $2,000 to $2,800 in the same bank today. Long term isn't always 25 years.

If your not doubling your money (investments) about every 7-8 years, it would be better in the bank.

These cycles happen all the time - Does anyone still have dot-com boom-bust shares?
Do you remember what Yahoo went to (and Microsoft) and for that matter Rio just 12 months ago?

Me - I'm stuck waiting for Telstra to come back. At least the dividend looks even better at the moment with the price so low.

And has anyone else checked what SG Aus 2010 has just listed the "dime-a-dozen" P&S Aussie stamps at lately?
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Re: A Brief History Lesson on 1980 stamp prices?

Post by figmente »

Pokemon's popularity wasn't anywhere near that long ago.

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Post by Machaggis52 »

ozstamps wrote:Norm ... you are cheating me .. I have 250 SETS of 2 not just the 35c. :)

Yep, new issues told for many times face at that time. Sometimes on the same week of issue.

I literally stood outside the GPO one day with a handful of $50 notes.

The 1979 20c "Waterfall" sheets were on sale inside. Cost $20 a sheet of 100. MAX of 2 per person as the gutter pairs were "hot".

I approached folks walking down George St and said "wanna make 10 bucks for 2 minutes work"?

Most folks oddly thought it was a trap of some kind. 8)

Those that agreed I'd give a $50 note to, ask them to walk inside, asked for "2 sheets of waterfalls please" bring them to me, and pocket the e $10.

Back then $10 was worth about $50 in buying power. Decent return for 2 mins work.

I rounded up 100 sheets in an hour.

Advertised them in the next Saturday's SMH classified at $50 a sheet and was rushed. Some folks bought 10 or 25 sheets a time.

My cost - 100 x $20 = $2000, plus $500 passer-by fees = $2,500.

My take - $5,000 less $10 for the ad. :D
I know understand how you can afford to travel so extensively. :D
With kind regards, Jim

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Post by Machaggis52 »

ozstamps wrote:Bill .. I think number graded/slabbed USA stamps is heading that market the same way!
Do these stamps come with a supporting cert? Or are they simple labelled on the outer of the 'slab'?
With kind regards, Jim

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Re: A Brief History Lesson on 1980 stamp prices?

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Image
That 10c stamp is probably $5,000 after that slabbing plastic bubble - only in the USA. :roll: :twisted:

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Re: A Brief History Lesson on 1980 stamp prices?

Post by worldspecialist »

THE AFTERMATH -------- After prices worldwide collapsed for investment material in the philatelic market many collectors gave up on stamps, a few went on to postal history and covers.

For many years after, the philatelic/stamp auction houses were loaded with collections, accumulations, dealer inventory and even nice written up studies of stamps, there was boxes of this stuff available in the market place .

This went on for years until around 2001, when the internet and especially E-BAY came a long and it was exciting to get into stamps again with new buyers and prices started up.

I miss those days ,when for a few hundred dollars you could load up the back of a SUV or even a truck with boxes of glassines, albums,and tons of reference books all after the stamp auction and getting a lot of it at the opening bid ---- sure miss those days .

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Re: A Brief History Lesson on 1980 stamp prices?

Post by bathurst stamper »

My Grandfather is a retired Postmaster.

He sold his hoard in 1980 and bought a new car.......

My father bought a block of four of just about everything in the 1970s & 1980s. They're still sitting in albums.

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