Canadian Stamp Auctions
Stamp Market Commentary
Commentary No. 102 - 17 December, 2007
The 2008 Unitrade Catalogue
Canadian Stamp News reporter, Michael Nowlan, made some interesting comments about the new Unitrade catalogue in the December 11, 2007 edition of the paper:
“When D. Robin Harris took over the editing of the Unitrade Specialized Catalogue of Canadian Stamps for the 2006 edition, he promised changes that would continue into future editions. That was the case in the 2007 volume and, with the 2008 Unitrade, Harris has not reneged on his promise.”
“The Unitrade Specialized Catalogue is now one of the finest stamp catalogues available. For Canadian stamps, it cannot be equaled, and this is a credit to Harris, a host of editorial associates, and the publisher, Unitrade”
Mr. Nowlan couldn’t have put it better.
First, the good news. In this latest edition there were some dramatic increases in the early mint Canadian classics and there were only a very few price reductions.
Now, the bad news. Apart from the above there were few price increases. These few were found amongst the Maple Leafs, the Numerals and some of the varieties and imperforates
Very fine mint early classics saw some dramatic increases, especially Scott 1, 1a, 2, 2b, 5, 11, and 13. But we suspect that only a handful of collectors own any of these very rare stamps in VF mint conditon. There were no increases in the prices of VF used copies of these stamps. Here are some highlights:
Very few Large Queens increased in value with the exception of the above varieties.
There were only a handful of increases in this set.
There were no increases.
This set did very well, but not as well as the Maple Leafs. It increased by 12% in this year’s catalogue, 9% in last year’s and 24% in the previous year’s.
There were minimal increases in this set this year and, as you will note above, these were found in the low values.
There were only minimal increases this year, except for the coils that did well. For many of the coils, the NH premium was increased from 125% to 150%.
As in 2007, there were few increases in the value of Canada’s modern stamps. Happily, there were a few exceptions. Here are some of them:
Back of the book
There were surprisingly few increases in this section. We expected more because this area has done so well at auction in the past year.
While there haven’t been as many new record prices this year compared to last, it has, without any question, been a very strong year at the auctions. Demand for very fine stamps from 1851 to 1935 continues to be evident. This has drawn many fine collections of Canadian stamps to the market both here, the U.S., and abroad. Sadly, stamps issued after 1935, while in some cases rare and scarce, showed little signs of appreciation.
We note that in the past 30 years, many varieties have appeared, particularly among the definitive sets. It will just be a matter of time before their prices start climbing, particularly those for which only a small number have been found. There seems to be a regular market for these, judging from the auctions we reviewed. Sooner or later, the laws of supply and demand will apply to push their prices ahead. We will watch for this in the coming year.