Canadian Stamp Auctions
Stamp Market Commentary
The latest Unitrade Catalogue arrived in Montreal in November as usual. The cost at the store remains unchanged from last year at $42.95, plus tax.
For a second year in a row, the price changes were modest for the most part, showing little change in number and amount. By contrast, there were three areas where values did increase noticeably and these were in the Edward VII, War Tax and Officially Sealed sets. Not only did their prices increase, but a number of the NH % premiums as well.
We continued to agree with Unitrade that the market is stable and that there is little justification for price changes. What surprises us is that there weren’t more decreases, especially in the modern varieties. We noted that there were only 5 price decreases in this area but these aren’t really reflective of the broad market.
Let’s turn to the price changes. As in recent years, the few increases we show below are not representative of the market which, as mentioned above, shows little change.
Classics Scott 1-20
changes in stamp prices with the exception of Scott 18b. Interestingly,
there were increases in the prices for a number of the stamp covers.
only for Scott 30c and 30d in used condition.
only in Scott 43 and 44 and their various shades.
is a summary of the price increases for the early sets:
Here are a few examples:
As was the case last year, very few increases were noted after the 1930s. We noted some increases in a few of the modern gutter strips and starter strips - see for example Scott 1928/1929 and Scott 2009/2010.
was perhaps the most interesting area, with noticeable increases amongst
some of the Registered, War Tax and Officially Sealed sets.
A year ago, we expressed optimism about where things might go economically in 2010 as this usually has an influence on the stamp market. We think everyone would agree that it’s been quite a year, with markets up and markets down. Employment remains one of the key problem areas and government policies to help resolve this problem, that of low interest rates and an abundant money supply, have had little impact but have certainly stabilized things. No one seems to be sure whether we face potential inflation or deflation.
In face of these uncertainties, it should be no surprise that the stamp market lacks any direction. As in the past, demand remains strong for investment grade material and weak for anything else. However, the mood amongst businesses and the general public seems to be positive as we enter 2011 and this should help. Those of us who love stamps can rely on the fact that time spent on our collections helps us get over these trying times, regardless of their values.
To help you understand the changes in this year’s catalogue, we have prepared summaries of the Noticeable Price Increases and New Listings. To review them, please click on the following buttons: