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General Philatelic/Gen. Discussion : Mint No Gum Value

 

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bigcreekdad
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06 Jul 2023
08:53:20am
How much of a reduction from Mint NH would you expect for an unused stamp with no gum?
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DaveSheridan
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06 Jul 2023
09:08:54am
re: Mint No Gum Value

MNG are the bane of my life, I detest them. I consider them as used, unless the used CV is higher than the mint CV.

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1898

06 Jul 2023
09:22:21am
re: Mint No Gum Value

Unused is the same as used.

% reduction my guess at least 75 maybe more.

1898

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bigcreekdad
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06 Jul 2023
09:44:31am
re: Mint No Gum Value

Thanks Folks. Too bad because they are in excellent shape otherwise.

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roy
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06 Jul 2023
10:11:05am
re: Mint No Gum Value

"How much of a reduction from Mint NH would you expect for an unused stamp with no gum?"


Not comparable at all to MNH. Depending on the stamp, unused, no gum is more comparable to mint, heavily hinged, because that's the immediately previous step. If the stamp is not scarce enough to have demand in mint, heavily hinged condition, then soaking the gum off will not increase the value, as anybody can do that in 5 minutes.

So it depends on the stamp. For classics (roughly pre-1890), the two conditions (MNG / MHH) might sell at nearly the same price level, although experience says the MNG may take longer to find a buyer. 1880s-1900 is a grey zone. Highly dependent on the issue. After 1900, ask yourself what the demand would be for any stamp in MHH condition. I think the answer is almost nil, except for the very highest values missing from most collections.

Roy
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sheepshanks
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06 Jul 2023
10:14:32am
re: Mint No Gum Value

So now if we soak the mint stamps to remove the gum, are we not getting the same as a used stamp that does not have a postmark, something I avoid buying for my used collection.
To my mind a mint stamp with the gum soaked off is not now mint. Which by definition means as issued by the postal authorities.

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londonbus1
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06 Jul 2023
11:32:48am
re: Mint No Gum Value

Terminology, terminology, terminology. Sad
Anyway, we'll leave that aside for now.

I have recently enjoyed seeing an upturn in the sales/auctions of items like those in discussion here. Small lots of 'non-cancelled' stamps have been selling and I have made enquiries as to why ? Are they now collectable or in fact are they being purchased for re-use ? No one is going to admit to the latter but one or two enquiries I made from collectors of used stamps say they will put them in their albums.

Who'd have thought it.
Years ago they were frowned upon but is the trend changing ? Most postal services have problems cancelling their mail these days so maybe this is the alternative. Better than some ugly black marker line through the stamp, no ?

So, as an experiment I posted two lots in different places and sold them very quickly. Hardly any of my mail gets cancelled these days and the stamps were just sitting in a closet to throw in to future Kiloware sales.

Now maybe there is another outlet.
However, I would not be surprised if at least some of these stamps will once again find their way onto letters.

And let's be honest. Who could blame them.

Londonbus1

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Brechinite

06 Jul 2023
12:32:20pm

Auctions - Approvals
re: Mint No Gum Value

Philately like most hobbies likes to think there are rules and terminology we should all adhere to.

There are differences in philatelic terminology even in the so called English speaking world never mind in French, German, Mandarin etc etc etc.

However it is a hobby for most folks and if one can fill a space in an album with a mint no gum rather than a MNH then I say go for it.

Collect the way YOU want to and never mind the rest.

They say that beauty is in the eye of the beholder so is value. What I would pay $100 for the next guy might pay $50 or $150.

There are no clearly defined rules for value.


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1898

06 Jul 2023
01:33:38pm
re: Mint No Gum Value

@Brechinite

Well said, top drawer!

Thank you for some common sense, seems like common sense is rare here!

1898

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roy
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06 Jul 2023
01:43:11pm
re: Mint No Gum Value

"Collect the way YOU want to and never mind the rest."


You are absolutely correct.

However, these questions of value, whether the term is used explicitly or not, are about market value, and that is independent of what any one individual collector thinks of the condition vs. value for his own collection.

It's really a question of "what can I expect to get" for an item if offered in a reasonably trafficked public venue, such as Hipstamp, ebay, public auction, dealer table at a stamp show etc. Of course there are still variables, but if something is common enough to be offered relatively frequently, one can zero in on a reasonable expectation. After all, we have frequent conversations here about what percentage of catalog items sell for in the Stamporama auctions and approvals - and that's a "market value" for this venue.

Roy

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Harvey
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This is my diabetic cat OBI! I think, therefore I am - I think! Descartes, sort of!

06 Jul 2023
02:24:26pm
re: Mint No Gum Value

"Collect the way YOU want to and never mind the rest.

They say that beauty is in the eye of the beholder so is value. What I would pay $100 for the next guy might pay $50 or $150.

There are no clearly defined rules for value."


Well said Ian! We don't always agree but I'm with you 100% on this one!! I sort of prefer mint for Canada and the USA if affordable but I would have no objection to mint no gum in a lot of circumstances. Thanks for saying what you said so well!!
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Brechinite

06 Jul 2023
06:38:30pm

Auctions - Approvals
re: Mint No Gum Value

You have to be careful what venue you sell on.

All the sales platforms are different. What will sell on Delcampe may not sell as well as Ebay. Stamporama may be less than say Hipstamp.

It all depends on what one offers, how long one is prepared to wait for the item to sell and whether the cows are jumping over the moon.

Even here on Stamporama all you have to do is pick half a dozen sellers here and you will see that the percentage of catalogue "price" varies within a sellers items never mind the variation between sellers.

We have a saying in Old Caledonia:- "You makes your choice, you pays your money and you hope for the best!"

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michael78651

06 Jul 2023
08:44:17pm
re: Mint No Gum Value

John, check the Scott US Spcialized, and Scott Classic for valuations for many unused no gum stamps from the 19th century. Also, remember some stamps were issued without gum. (I had to throw that in!) Big Grin

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DannyS
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07 Jul 2023
02:26:19am
re: Mint No Gum Value

"Collect the way YOU want to and never mind the rest."



100% agree unless you are investing rather than collecting. If you are investing you will have to follow someone else's rules and I'm not at all sure stamps are the best investment going TBH.

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bigcreekdad

06 Jul 2023
08:53:20am

How much of a reduction from Mint NH would you expect for an unused stamp with no gum?

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DaveSheridan

06 Jul 2023
09:08:54am

re: Mint No Gum Value

MNG are the bane of my life, I detest them. I consider them as used, unless the used CV is higher than the mint CV.

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1898

06 Jul 2023
09:22:21am

re: Mint No Gum Value

Unused is the same as used.

% reduction my guess at least 75 maybe more.

1898

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bigcreekdad

06 Jul 2023
09:44:31am

re: Mint No Gum Value

Thanks Folks. Too bad because they are in excellent shape otherwise.

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06 Jul 2023
10:11:05am

re: Mint No Gum Value

"How much of a reduction from Mint NH would you expect for an unused stamp with no gum?"


Not comparable at all to MNH. Depending on the stamp, unused, no gum is more comparable to mint, heavily hinged, because that's the immediately previous step. If the stamp is not scarce enough to have demand in mint, heavily hinged condition, then soaking the gum off will not increase the value, as anybody can do that in 5 minutes.

So it depends on the stamp. For classics (roughly pre-1890), the two conditions (MNG / MHH) might sell at nearly the same price level, although experience says the MNG may take longer to find a buyer. 1880s-1900 is a grey zone. Highly dependent on the issue. After 1900, ask yourself what the demand would be for any stamp in MHH condition. I think the answer is almost nil, except for the very highest values missing from most collections.

Roy
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"Over 7,000 new covers coming Wednesday March 20. See my homepage for details."

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sheepshanks

06 Jul 2023
10:14:32am

re: Mint No Gum Value

So now if we soak the mint stamps to remove the gum, are we not getting the same as a used stamp that does not have a postmark, something I avoid buying for my used collection.
To my mind a mint stamp with the gum soaked off is not now mint. Which by definition means as issued by the postal authorities.

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this post
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londonbus1

06 Jul 2023
11:32:48am

re: Mint No Gum Value

Terminology, terminology, terminology. Sad
Anyway, we'll leave that aside for now.

I have recently enjoyed seeing an upturn in the sales/auctions of items like those in discussion here. Small lots of 'non-cancelled' stamps have been selling and I have made enquiries as to why ? Are they now collectable or in fact are they being purchased for re-use ? No one is going to admit to the latter but one or two enquiries I made from collectors of used stamps say they will put them in their albums.

Who'd have thought it.
Years ago they were frowned upon but is the trend changing ? Most postal services have problems cancelling their mail these days so maybe this is the alternative. Better than some ugly black marker line through the stamp, no ?

So, as an experiment I posted two lots in different places and sold them very quickly. Hardly any of my mail gets cancelled these days and the stamps were just sitting in a closet to throw in to future Kiloware sales.

Now maybe there is another outlet.
However, I would not be surprised if at least some of these stamps will once again find their way onto letters.

And let's be honest. Who could blame them.

Londonbus1

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Brechinite

06 Jul 2023
12:32:20pm

Auctions - Approvals

re: Mint No Gum Value

Philately like most hobbies likes to think there are rules and terminology we should all adhere to.

There are differences in philatelic terminology even in the so called English speaking world never mind in French, German, Mandarin etc etc etc.

However it is a hobby for most folks and if one can fill a space in an album with a mint no gum rather than a MNH then I say go for it.

Collect the way YOU want to and never mind the rest.

They say that beauty is in the eye of the beholder so is value. What I would pay $100 for the next guy might pay $50 or $150.

There are no clearly defined rules for value.


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"Gonnae no dae that!..........Just gonnae no!"
1898

06 Jul 2023
01:33:38pm

re: Mint No Gum Value

@Brechinite

Well said, top drawer!

Thank you for some common sense, seems like common sense is rare here!

1898

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BuckaCover.com - 80,000 covers priced 60c to $1.50 - Easy browsing 500 categories
06 Jul 2023
01:43:11pm

re: Mint No Gum Value

"Collect the way YOU want to and never mind the rest."


You are absolutely correct.

However, these questions of value, whether the term is used explicitly or not, are about market value, and that is independent of what any one individual collector thinks of the condition vs. value for his own collection.

It's really a question of "what can I expect to get" for an item if offered in a reasonably trafficked public venue, such as Hipstamp, ebay, public auction, dealer table at a stamp show etc. Of course there are still variables, but if something is common enough to be offered relatively frequently, one can zero in on a reasonable expectation. After all, we have frequent conversations here about what percentage of catalog items sell for in the Stamporama auctions and approvals - and that's a "market value" for this venue.

Roy

Like 
5 Members
like this post.
Login to Like.

"Over 7,000 new covers coming Wednesday March 20. See my homepage for details."

www.Buckacover.com

This is my diabetic cat OBI! I think, therefore I am - I think! Descartes, sort of!
06 Jul 2023
02:24:26pm

re: Mint No Gum Value

"Collect the way YOU want to and never mind the rest.

They say that beauty is in the eye of the beholder so is value. What I would pay $100 for the next guy might pay $50 or $150.

There are no clearly defined rules for value."


Well said Ian! We don't always agree but I'm with you 100% on this one!! I sort of prefer mint for Canada and the USA if affordable but I would have no objection to mint no gum in a lot of circumstances. Thanks for saying what you said so well!!
Like
Login to Like
this post

"Some people see things that are and ask, Why? Some people dream of things that never were and ask, Why not? Some people have to go to work and don't have time for all that. George Carlin"
Brechinite

06 Jul 2023
06:38:30pm

Auctions - Approvals

re: Mint No Gum Value

You have to be careful what venue you sell on.

All the sales platforms are different. What will sell on Delcampe may not sell as well as Ebay. Stamporama may be less than say Hipstamp.

It all depends on what one offers, how long one is prepared to wait for the item to sell and whether the cows are jumping over the moon.

Even here on Stamporama all you have to do is pick half a dozen sellers here and you will see that the percentage of catalogue "price" varies within a sellers items never mind the variation between sellers.

We have a saying in Old Caledonia:- "You makes your choice, you pays your money and you hope for the best!"

Like
Login to Like
this post

"Gonnae no dae that!..........Just gonnae no!"
michael78651

06 Jul 2023
08:44:17pm

re: Mint No Gum Value

John, check the Scott US Spcialized, and Scott Classic for valuations for many unused no gum stamps from the 19th century. Also, remember some stamps were issued without gum. (I had to throw that in!) Big Grin

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Login to Like
this post
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DannyS

07 Jul 2023
02:26:19am

re: Mint No Gum Value

"Collect the way YOU want to and never mind the rest."



100% agree unless you are investing rather than collecting. If you are investing you will have to follow someone else's rules and I'm not at all sure stamps are the best investment going TBH.

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