Canadian Stamp Auctions
Stamp Market Commentary
In May, we picked up the latest Scott catalogue in Montreal at a cost of $105. This was the first time the cost had exceeded $100. We still don't understand why the company cannot make the catalogue available "by country" at a much cheaper cost to collectors. They did it once in the past but then seem to have retreated from the idea.
To our surprise, there were quite a few increases and only a few decreases. Scott cited in particular, the increase for Scott 1 which climbed from $30,000 to $35,000. Scott 3, which advanced from $125,000 to $160,000 last year, moved up a further $15,000 to $175,000 in the latest catalogue.
Of great interest to us was Scott’s announcement that "Collectors of modern Canada will be pleased to see the addition of 30 new errors. The first is the 1973 Jeanne Mance stamp printed on the gum side, which is Scott 615a. The most recent is the 2009 Montreal Canadiens souvenir sheet with all die cutting omitted, Scott 2340d. A listing of these is attached to our Commentary. We present below some of the highlights:
Canada (Scott 1 – 20)
Large Queens (Scott 21 - 33)
set had quite a few price increases. See Scott 22b, 25, 25b, 26, 27,
27c, 27f and 28a
Small Queens (Scott 34 - 47)
set also had a number of price increases. See Scott 35, 36, 37b and
37e. Note that these are all varieties, not the regular stamps.
Jubilees (Scott 50 – 65) - No increases
Maple Leafs (Scott 66 - 73)
were found in Scott 77, 77a, 82 and 83.
Edward VII (Scott 89 – 95) - No changes in this set.
Quebec Tecentenary (Scott 96 - 103) - Only Scott 96 and 97 advanced.
Admirals (Scott 104 – 134)
Increases were found in Scott 104, 106, 106c, 108, 111 and 112.
Scroll, Arch, Pictorial and War Sets (Scott 149 – 267) - No changes of note
Modern (Scott 268 - 2496)
were very few changes in the remainder of the catalogue for the modern
stamps. We noted increases in Scott 454f, 554b, 586d, 705a, 865a, 1259b,
1693a, 1853b and 2227. Interestingly, a number of these increases were
for stamps printed on gum.
Back of the book
Airmail - no changes other than C9
Special Delivery - only E3 advanced.
Registered stamps - only F3 advanced
Postage Due - no changes
Tax - prices were up strongly across this set.
Our review of the catalogue is taking place at a time when there is great uncertainty in the world economy and stock markets. One only has to think about the elections in Greece and Egypt, the problems in the euro zone, the fighting in Syria and the political situation in US leading up to the election next November to understand how cautious people must feel. It is in this context that we were surprised at the price increases in the catalogue and we worry about what impact these issues might have on the stamp market as we look to the future.
On the other hand, every year seems to bring its own political and economic uncertainties. Our observation of the market during the past year indicates that the demand for very fine early Canadian stamps is definitely continuing and this is encouraging.
For more details of the price increases and new listings, please click on the following links: