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<p>[QUOTE="gsalexan, post: 1847581, member: 24274"]As a collector of both stamps and currency, I would agree. And I think it's due to some key differences in the how each is viewed by the public.</p><p><br /></p><p>Stamps represent a promise of service -- the delivery of mail -- while currency is a form of credit for any transaction. The service offered by the US Postal Service is clearly obsolete in many ways; you don't need a stamp for an email. Consequently, mint stamps haven't even held onto their face value -- there are just too many out there to be used. Dealers are currently buying mint stamps at 50-60 percent of face and selling at 85-90 percent. So people with inherited collections are discovering they can't even get what they thought was the cash value. Why would anyone want to collect something like that?</p><p><br /></p><p>Currency doesn't have that PR problem. Inflation aside, a dollar bill will always get you a dollar's worth of whatever you're buying. So the trust in the basic value of a note is solid. In the mind of the general public that's the real difference. Stamps are just bits of paper, currency is safe. Beginning collectors need that perceived sense of permanent value. Offer kids $1 in mint stamps from 1957 or a $1 silver certificate from the same year and guess which one most would pick.[/QUOTE]</p><p><br /></p>
[QUOTE="gsalexan, post: 1847581, member: 24274"]As a collector of both stamps and currency, I would agree. And I think it's due to some key differences in the how each is viewed by the public. Stamps represent a promise of service -- the delivery of mail -- while currency is a form of credit for any transaction. The service offered by the US Postal Service is clearly obsolete in many ways; you don't need a stamp for an email. Consequently, mint stamps haven't even held onto their face value -- there are just too many out there to be used. Dealers are currently buying mint stamps at 50-60 percent of face and selling at 85-90 percent. So people with inherited collections are discovering they can't even get what they thought was the cash value. Why would anyone want to collect something like that? Currency doesn't have that PR problem. Inflation aside, a dollar bill will always get you a dollar's worth of whatever you're buying. So the trust in the basic value of a note is solid. In the mind of the general public that's the real difference. Stamps are just bits of paper, currency is safe. Beginning collectors need that perceived sense of permanent value. Offer kids $1 in mint stamps from 1957 or a $1 silver certificate from the same year and guess which one most would pick.[/QUOTE]
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