Discussion - Member to Member Sales - Research Center
Discussion - Member to Member Sales - Research Center
Thanks so much in advance, you all are great!Q!
Happy Easter & best regards,
Ken
P.S., I scored this stamp in a $20 box lot at my local stamp club semi-annual auction. (The Waterville, Maine Stamp Club)
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Basically, if it is used as a revenue, which yours is, then it is no longer a postage stamp and the catalog number in the catalog no longer applies.
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The basic rule of thumb in Scott is that unless there is a stated value for revenue usage, then the value of of a stamp with a revenue cancel is generally 10% of the stated catalogue value for a stamp used postally.
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http://www.bermudastamps.co.uk/issues/re ...
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Value be darned, it’s a really nice stamp! I’d be tempted to mount it all by itself on an album page.
Bob
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In my experiences with collecting WW revenues, quite often they are purposely cancelled in such a way as to clearly show its use as a revenue, particularly if the stamp itself is originally intended for use as postage or revenue collection.
This one appears to have been cancelled as clearly as possible for such taxation.
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Note that the stamp, like most of the stamps from our Commonwealth read "Postage and Revenue". The higher value stamps were mostly used for revenue purposes. 10 Shillings is a half pound. That was a lot of money in those days. You'd have to mail something very large to use that much postage.
Michael is correct, that these stamps used fiscally are 10% of the Scott value.
Bob is correct, values be damned! It is a beautiful stamp.
To note, finding some of the used low-value stamps, with a revenue cancellation can be more difficult.
David
Ottawa, Canada
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Your stamp was used to pay for the Exit tax imposed on all passengers leaving Bermuda. Specifically it was used by a passenger leaving Bermuda on the March 12, 1925 sailing of the Canadian Forester sailing for Nassau Bahamas.
It's value is less than a postally used copy, but in my view has a lot more interest.
I wrote an article about the use of these stamps as Exit Tax for the Bermuda Post a few years ago. If you'd like a copy let me know.
David
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SG has this note after the 1924 issue:
SG CV for it is £250, so at 10% this paid for your auction win
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Certainly back in the 90s a fiscal cancel did give me the opportunity to pick up high value Nyasaland stamps cheaply. In recent years they don't seem to be offered at a very low price. SG took a booth at an international stamp exhibition in Bangkok a few years back and I asked what they had for Nyasaland and they showed me a pair of very high value stamps with such a cancel and they weren't cheap
I think the 10% rule may not work anymore.
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12:33:19pm
Catalogues are great for information, but not so great for actual market prices.
A search on ebay for "Bermuda revenue cancel" returns 9 hits:
Here are the cheap ones:
But clicking on the "Completed and Sold" option returns 0 sales for the last 90 days.
That tells me selling these is a lot of wishful thinking on the part of the sellers and even "Best Offers" aren't coming in
Since many "Best Offer" sellers are willing to take anything over 50% of their asking price, especially when the item has been up for a long time, that tells me that the "market price" (i.e. where somebody will actually buy it) is something less than 50% of these prices, or $20-25 - as a first guess.
If I had one, I'd offer it at $30 and see what happens.
Let's face it, if every traveler leaving Bermuda had to have one of these on a ticket or whatever, until the head tax rate increased to 12/6 (10/- from Jan 1922 to Dec 1928), at a time when Bermuda was a very popular destination, they are pretty common. But I agree they are beautiful, and since the postally used versions are so scarce, the demand is inordinately higher than normal. If that weren't the case, they would probably sell for $5 or less. (Sort of like the inordinate demand for Penny Blacks, relative to their actual scarcity.)
Roy
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09:00:40am
The original question was;
" .... My question is, if it is a revenue cancel, does it change the value? ...."
Th answer is, to a POSTAGE stamp collector, usually it becomes minimal,
but,
to a REVENUE stamp collector, it might go up, possibly quite a bit.
And if it proved to be a postage usage, the opposite would likely be true,
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06:48:59pm
Thought I would check my database to see if I have sold one of these on "cover" and lo and behold, I sold this one a few years ago. Not a KGV but a KGVI £1 which was the last "head tax" before they discontinued the tax.
Unfortunately, the year is not readable.
Roy
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"KGVI £1 which was the last "head tax" before they discontinued the tax"
Actually, Bermuda has continued to collect the Exit Tax until this day. They just don't use stamps to reflect its payment. Rather, the tax is added to the cost of your ticket, either air or cruise.
David
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Hi Ken,
My 1996 British Commonwealth Revenues Cat. by J. Barefoot Ltd. Lists this stamp as #5 with the Multiple Crow CA watermark at 15.00 pounds. If it has the Multiple Crown Script CA watermark, it is #9 in the catalog also 15.00 pounds. I am sure there is a newer edition of this catalog. Stay Safe and Keep Stamping! OLDPAUL.
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03:02:07pm
This is Bermuda Scott 53 or 96 (I haven’t checked for watermark yet). Scott say both these are found with revenue cancellations, which is what I think this is. My question is, if it is a revenue cancel, does it change the value? (Which I have seen on some other stamps.)
Thanks so much in advance, you all are great!Q!
Happy Easter & best regards,
Ken
P.S., I scored this stamp in a $20 box lot at my local stamp club semi-annual auction. (The Waterville, Maine Stamp Club)
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re: Revenue Cancellation
Basically, if it is used as a revenue, which yours is, then it is no longer a postage stamp and the catalog number in the catalog no longer applies.
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07:22:57pm
re: Revenue Cancellation
The basic rule of thumb in Scott is that unless there is a stated value for revenue usage, then the value of of a stamp with a revenue cancel is generally 10% of the stated catalogue value for a stamp used postally.
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re: Revenue Cancellation
http://www.bermudastamps.co.uk/issues/re ...
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re: Revenue Cancellation
Value be darned, it’s a really nice stamp! I’d be tempted to mount it all by itself on an album page.
Bob
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re: Revenue Cancellation
In my experiences with collecting WW revenues, quite often they are purposely cancelled in such a way as to clearly show its use as a revenue, particularly if the stamp itself is originally intended for use as postage or revenue collection.
This one appears to have been cancelled as clearly as possible for such taxation.
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re: Revenue Cancellation
Note that the stamp, like most of the stamps from our Commonwealth read "Postage and Revenue". The higher value stamps were mostly used for revenue purposes. 10 Shillings is a half pound. That was a lot of money in those days. You'd have to mail something very large to use that much postage.
Michael is correct, that these stamps used fiscally are 10% of the Scott value.
Bob is correct, values be damned! It is a beautiful stamp.
To note, finding some of the used low-value stamps, with a revenue cancellation can be more difficult.
David
Ottawa, Canada
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re: Revenue Cancellation
Your stamp was used to pay for the Exit tax imposed on all passengers leaving Bermuda. Specifically it was used by a passenger leaving Bermuda on the March 12, 1925 sailing of the Canadian Forester sailing for Nassau Bahamas.
It's value is less than a postally used copy, but in my view has a lot more interest.
I wrote an article about the use of these stamps as Exit Tax for the Bermuda Post a few years ago. If you'd like a copy let me know.
David
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this post
re: Revenue Cancellation
SG has this note after the 1924 issue:
SG CV for it is £250, so at 10% this paid for your auction win
Login to Like
this post
re: Revenue Cancellation
Certainly back in the 90s a fiscal cancel did give me the opportunity to pick up high value Nyasaland stamps cheaply. In recent years they don't seem to be offered at a very low price. SG took a booth at an international stamp exhibition in Bangkok a few years back and I asked what they had for Nyasaland and they showed me a pair of very high value stamps with such a cancel and they weren't cheap I think the 10% rule may not work anymore.
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BuckaCover.com - 80,000 covers priced 60c to $1.50 - Easy browsing 500 categories
18 Apr 2022
12:33:19pm
re: Revenue Cancellation
Catalogues are great for information, but not so great for actual market prices.
A search on ebay for "Bermuda revenue cancel" returns 9 hits:
Here are the cheap ones:
But clicking on the "Completed and Sold" option returns 0 sales for the last 90 days.
That tells me selling these is a lot of wishful thinking on the part of the sellers and even "Best Offers" aren't coming in
Since many "Best Offer" sellers are willing to take anything over 50% of their asking price, especially when the item has been up for a long time, that tells me that the "market price" (i.e. where somebody will actually buy it) is something less than 50% of these prices, or $20-25 - as a first guess.
If I had one, I'd offer it at $30 and see what happens.
Let's face it, if every traveler leaving Bermuda had to have one of these on a ticket or whatever, until the head tax rate increased to 12/6 (10/- from Jan 1922 to Dec 1928), at a time when Bermuda was a very popular destination, they are pretty common. But I agree they are beautiful, and since the postally used versions are so scarce, the demand is inordinately higher than normal. If that weren't the case, they would probably sell for $5 or less. (Sort of like the inordinate demand for Penny Blacks, relative to their actual scarcity.)
Roy
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Silence in the face of adversity is the father of complicity and collusion, the first cousins of conspiracy..
19 Apr 2022
09:00:40am
re: Revenue Cancellation
The original question was;
" .... My question is, if it is a revenue cancel, does it change the value? ...."
Th answer is, to a POSTAGE stamp collector, usually it becomes minimal,
but,
to a REVENUE stamp collector, it might go up, possibly quite a bit.
And if it proved to be a postage usage, the opposite would likely be true,
Login to Like
this post
BuckaCover.com - 80,000 covers priced 60c to $1.50 - Easy browsing 500 categories
19 Apr 2022
06:48:59pm
re: Revenue Cancellation
Thought I would check my database to see if I have sold one of these on "cover" and lo and behold, I sold this one a few years ago. Not a KGV but a KGVI £1 which was the last "head tax" before they discontinued the tax.
Unfortunately, the year is not readable.
Roy
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re: Revenue Cancellation
"KGVI £1 which was the last "head tax" before they discontinued the tax"
Actually, Bermuda has continued to collect the Exit Tax until this day. They just don't use stamps to reflect its payment. Rather, the tax is added to the cost of your ticket, either air or cruise.
David
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11:17:35pm
re: Revenue Cancellation
Hi Ken,
My 1996 British Commonwealth Revenues Cat. by J. Barefoot Ltd. Lists this stamp as #5 with the Multiple Crow CA watermark at 15.00 pounds. If it has the Multiple Crown Script CA watermark, it is #9 in the catalog also 15.00 pounds. I am sure there is a newer edition of this catalog. Stay Safe and Keep Stamping! OLDPAUL.
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