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What we collect!
What we collect!


Oceania/Other : Buy or Not Buy debate

 

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1112
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Love & Peace

16 Oct 2021
05:52:18pm
Our French Polynesia stamp club recently had a long debate if we should buy this or not.
Year: 1965.
Item: Imperf sheet - French Polynesia
Catalog: $6000
Image Not Found
There are 2 groups in this debate. One group support buying while other group opposed. I observed the debate & try to understand their point of view. There are certain technical detains that I don't understand. Anyway, both groups stated their argument:

The group believed we should buy because:


1) Rare with low mintage.
2) Print & date clearly shows.
3) MNH condition.
4) Doesn't have Imperf sheet for this issue.
5) Will enhance our stamp museum.
6) Bargain price at -4X, not using Yvert.
7) Familiar with Seller with long history of past purchases.
8) 30 days money back guaranteed with free delivery.


The group believed we shouldn't buy because:


1) Not in VF condition, some wrinkles.
2) Already have deluxe & proof card for this issue.
3) Serial Number is too high.
4) No certification.
5) Unfamiliar with Seller's background & rating.
6) Disagreed with price. No price negotiation.
7) Unevenly cut on sheet's upper corner.


We will vote next week to determine if we will buy or not. Thurs far, the opinion is evenly divided. I don't know which way I should vote. Do you folks ever have a debate like this?


French Polynesia stamp club
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"Love & Peace. Bonjour Mesdames et messieurs. Que l'amour et la paix soient avec toi. Merci."
angore
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Al
Collector, Moderator

17 Oct 2021
05:47:23am
re: Buy or Not Buy debate

When you say "we" do you mean the club is considering purchasing the sheet? If so why is a club purchasing? Does the club have a "museum"?

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amsd
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Editor, Seal News; contributor, JuicyHeads

17 Oct 2021
10:24:11am
re: Buy or Not Buy debate

i think it astounding that a club has $6,000 available to it for a single purchase


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"Save the USPS, buy stamps; save the hobby, use commemoratives"

juicyheads.com/link.php?PLJZJP
CapeStampMan
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Mike, The shirt says "Trust me I am a Philatelist".

17 Oct 2021
01:09:38pm
re: Buy or Not Buy debate

1112 mentioned the other day about the generous amount of money their club has available to spend on their stamp museum collection. I was only able to find this stamp listed in the StampWorld catalog, however it was only listed as a single stamp, with a issue of only 40K singles, no mention of a $6K sheet at all. A great instance to remember the old saying, "caveat emptor" would be appropriate here, no matter the cost of the offering.
Mike

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angore
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Al
Collector, Moderator

18 Oct 2021
07:56:19am
re: Buy or Not Buy debate

I would not recommend spending a lot on a single item. It is better to get more different less expensive items.

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"Stamp Collecting is a many splendored thing"
Harvey
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This is my diabetic cat OBI! I think, therefore I am - I think! Descartes, sort of!

18 Oct 2021
08:06:47am
re: Buy or Not Buy debate

"I would not recommend spending a lot on a single item."
That's sometimes the only way to get an item if you want it for your collection. Just make sure the price is fair and the item is genuine - if possible.

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"You know you're getting old when you stoop to tie your shoelaces and wonder what else you could do while you're down there - George Burns"
1112
Members Picture


Love & Peace

19 Oct 2021
05:49:47am
re: Buy or Not Buy debate

Thanks for the comments. I will go along with your recommendation and vote "No" on purchasing. I think our stamp club can purchase more items for less $. The reason to purchase the stamp sheet imperf is due to it's rarity and to enhance our museum. The purchase will be make on behalf of our stamp club & that's why every member must vote. Whether we vote "Yes" or "No", it is strictly a business decision that will signify the direction of our future.

Below is a stamp which was produced during the space race between USA & USSR. We are familiar with this stamp and have researched this stamp. We already have this stamp, stamp sheet & Deluxe card in our inventory.

Image Not Found
Quantity issued
40,024 stamps.
00,106 stamp sheets.
00,023 stamp sheet imperf.

00,091 Deluxe card.

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"Love & Peace. Bonjour Mesdames et messieurs. Que l'amour et la paix soient avec toi. Merci."
1112
Members Picture


Love & Peace

23 Oct 2021
09:52:31am
re: Buy or Not Buy debate

The election is over. "Buy" outnumbered "Not Buy" vote. The election result was very close. Our stamp club will purchase this $6000 stamp sheet imperf. I was told this isn't a major purchase because it's under $100,000. I wonder what constitute major/minor purchase? Is there $ index somewhere out there?

The existence of this stamp sheet imperf is a mystery. We don't know how many of these sheet imperfs survived today, but we do know only 23 were produced & were later sold to private collectors. We also know these collectors are from Switzerland & New Zealand.
Image Not Found
According to our data, it was been over 4 decades since this sheet imperf is on the market.

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"Love & Peace. Bonjour Mesdames et messieurs. Que l'amour et la paix soient avec toi. Merci."
jbaxter5256
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23 Oct 2021
01:49:27pm
re: Buy or Not Buy debate

Given the availability of funds, quality of existing collection, the advancement that the item represents in securing a truly rare offering for the museum, and the goals of the club in promoting a best in class collection for the museum the purchase seems like a good choice for the club. Congratulations to the club on the acquisition!

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Author/Postings
Members Picture
1112

Love & Peace
16 Oct 2021
05:52:18pm

Our French Polynesia stamp club recently had a long debate if we should buy this or not.
Year: 1965.
Item: Imperf sheet - French Polynesia
Catalog: $6000
Image Not Found
There are 2 groups in this debate. One group support buying while other group opposed. I observed the debate & try to understand their point of view. There are certain technical detains that I don't understand. Anyway, both groups stated their argument:

The group believed we should buy because:


1) Rare with low mintage.
2) Print & date clearly shows.
3) MNH condition.
4) Doesn't have Imperf sheet for this issue.
5) Will enhance our stamp museum.
6) Bargain price at -4X, not using Yvert.
7) Familiar with Seller with long history of past purchases.
8) 30 days money back guaranteed with free delivery.


The group believed we shouldn't buy because:


1) Not in VF condition, some wrinkles.
2) Already have deluxe & proof card for this issue.
3) Serial Number is too high.
4) No certification.
5) Unfamiliar with Seller's background & rating.
6) Disagreed with price. No price negotiation.
7) Unevenly cut on sheet's upper corner.


We will vote next week to determine if we will buy or not. Thurs far, the opinion is evenly divided. I don't know which way I should vote. Do you folks ever have a debate like this?


French Polynesia stamp club

Like
Login to Like
this post

"Love & Peace. Bonjour Mesdames et messieurs. Que l'amour et la paix soient avec toi. Merci."
Members Picture
angore

Al
Collector, Moderator
17 Oct 2021
05:47:23am

re: Buy or Not Buy debate

When you say "we" do you mean the club is considering purchasing the sheet? If so why is a club purchasing? Does the club have a "museum"?

Like 
1 Member
likes this post.
Login to Like.

"Stamp Collecting is a many splendored thing"
Members Picture
amsd

Editor, Seal News; contributor, JuicyHeads
17 Oct 2021
10:24:11am

re: Buy or Not Buy debate

i think it astounding that a club has $6,000 available to it for a single purchase


Like 
1 Member
likes this post.
Login to Like.

"Save the USPS, buy stamps; save the hobby, use commemoratives"

juicyheads.com/link. ...
Members Picture
CapeStampMan

Mike, The shirt says "Trust me I am a Philatelist".
17 Oct 2021
01:09:38pm

re: Buy or Not Buy debate

1112 mentioned the other day about the generous amount of money their club has available to spend on their stamp museum collection. I was only able to find this stamp listed in the StampWorld catalog, however it was only listed as a single stamp, with a issue of only 40K singles, no mention of a $6K sheet at all. A great instance to remember the old saying, "caveat emptor" would be appropriate here, no matter the cost of the offering.
Mike

Like 
1 Member
likes this post.
Login to Like.

"It's been 8 years now, since I joined a support group for procrastinators. We haven't met yet..."
Members Picture
angore

Al
Collector, Moderator
18 Oct 2021
07:56:19am

re: Buy or Not Buy debate

I would not recommend spending a lot on a single item. It is better to get more different less expensive items.

Like 
1 Member
likes this post.
Login to Like.

"Stamp Collecting is a many splendored thing"

This is my diabetic cat OBI! I think, therefore I am - I think! Descartes, sort of!
18 Oct 2021
08:06:47am

re: Buy or Not Buy debate

"I would not recommend spending a lot on a single item."
That's sometimes the only way to get an item if you want it for your collection. Just make sure the price is fair and the item is genuine - if possible.

Like 
2 Members
like this post.
Login to Like.

"You know you're getting old when you stoop to tie your shoelaces and wonder what else you could do while you're down there - George Burns"
Members Picture
1112

Love & Peace
19 Oct 2021
05:49:47am

re: Buy or Not Buy debate

Thanks for the comments. I will go along with your recommendation and vote "No" on purchasing. I think our stamp club can purchase more items for less $. The reason to purchase the stamp sheet imperf is due to it's rarity and to enhance our museum. The purchase will be make on behalf of our stamp club & that's why every member must vote. Whether we vote "Yes" or "No", it is strictly a business decision that will signify the direction of our future.

Below is a stamp which was produced during the space race between USA & USSR. We are familiar with this stamp and have researched this stamp. We already have this stamp, stamp sheet & Deluxe card in our inventory.

Image Not Found
Quantity issued
40,024 stamps.
00,106 stamp sheets.
00,023 stamp sheet imperf.

00,091 Deluxe card.

Like
Login to Like
this post

"Love & Peace. Bonjour Mesdames et messieurs. Que l'amour et la paix soient avec toi. Merci."
Members Picture
1112

Love & Peace
23 Oct 2021
09:52:31am

re: Buy or Not Buy debate

The election is over. "Buy" outnumbered "Not Buy" vote. The election result was very close. Our stamp club will purchase this $6000 stamp sheet imperf. I was told this isn't a major purchase because it's under $100,000. I wonder what constitute major/minor purchase? Is there $ index somewhere out there?

The existence of this stamp sheet imperf is a mystery. We don't know how many of these sheet imperfs survived today, but we do know only 23 were produced & were later sold to private collectors. We also know these collectors are from Switzerland & New Zealand.
Image Not Found
According to our data, it was been over 4 decades since this sheet imperf is on the market.

Like
Login to Like
this post

"Love & Peace. Bonjour Mesdames et messieurs. Que l'amour et la paix soient avec toi. Merci."
Members Picture
jbaxter5256

23 Oct 2021
01:49:27pm

re: Buy or Not Buy debate

Given the availability of funds, quality of existing collection, the advancement that the item represents in securing a truly rare offering for the museum, and the goals of the club in promoting a best in class collection for the museum the purchase seems like a good choice for the club. Congratulations to the club on the acquisition!

Like 
2 Members
like this post.
Login to Like.
        

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