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Special Commentary - 28 May, 2004

The New Scott 2005 Catalogue - Volume 2

The 2nd volume in the series of new Scott catalogues for the current year has just arrived in Montreal. Volume 2 contains the listings for countries starting with the letters C-F, which includes Canada and its provinces. According to the editors, there are 32,000 changes in Volume 2 of which, 1,100 relate to Canada. The editors explained that there were two reasons for the number and direction of the value changes. The first was the strengthening of foreign currencies versus the U.S. dollar and the second was the strong showing of many modern values “in light of strong demand from the topical marketplace and the absence of strong stocks for such stamps in dealer hands.”

As far as we could see, none of the editor’s comments seem to apply to the stamps of Canada. Of the 1,100 changes, most were in respect of stamps issued after 1996 and were of a minor nature. For the most part, they increased in value from 60¢ to 65¢ or 70¢.

There were no increases in Canada’s early stamps. In the Large Queens, there was a small change in the value of the 2¢ used. In the Small Queens, there were a number of increases amongst the used stamps but no changes for the mint.

In the definitive sets, apart from a few small increases in the Edward VII set used, there were no increases. Thus there were no changes in the prices for the Jubilees, the Maple Leafs, the Numerals, the Admirals, and all the modern definitive sets.

On the positive side, there were noticeable increases in Canada’s imperforate stamps. Starting with the Small Queens set, the imperforate pairs of many of Canada’s definitive sets and many of its commemoratives saw increases in value.

Summary:

Looking back, Scott’s 2003 catalogue featured 500 changes, of which 95% were small reductions. Its 2004 catalogue contained 13 changes, but with no trend, some prices up and some down. This year’s catalogue featured 1100 changes of which practically all were increases. The most numerous of these were concentrated in the regular stamps of the past eight years and were minor in nature. The one exception was the noticeable increase in the value of Canada’s imperforates. To be positive, we can say that we have at last seen some upward movement, however minor, for the first time in years but not, apparently, for the reasons Scott mentions for the other countries in Volume 2.

We will feature a comprehensive review of these changes in our June 17, 2004 commentary, looking at the key changes and the new listings.

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©2004, Canadian Stamp Auctions Ltd., Montréal, Québec, Canada