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Stamp Market Commentary

Commentary No. 96 - 17 June, 2007

First Time These Stamps
Sold for Over $1,000!

Not many collectors are able to say that they have a stamp in their collection that would sell for over $1,000, but in the past year we have counted 45 stamps that have passed this mark for the first time. We would like to share with you the results of a recent study we made in which the following stamps sold at auction in recent months for more than $1,000 for the first time:

Scott 20
Scott 29
Scott 36e

Scott 43a
Scott 59
Scott 82

Scott 91
Scott 102
Scott 120i

Early Classics
Scott No.
Description
Catalogue Value
Price Realized
17a
10¢ Albert
800
2420
18ii
12½¢ Victoria
1350
2464
19a
17¢ Cartier
825
1760
20
2¢ Victoria
450
1500

Large Queens
Scott No.
Description
Catalogue Value
Price Realized
27a
6¢ yellow brown
1250
2100
29
15¢ gray violet
850
1661
30i
15¢ slate grey
150
1630

Small Queens
Scott No.
Description
Catalogue Value
Price Realized
35d
1¢ orange 11½ x 12
200
1300
36e
2¢ green 11½ x 12
350
2200
37
3¢ orange red
80
1089
37i
3¢ dark rose
-
1900
37iii
3¢ orange red 11½ x 12
350
1150
43a
6¢ chocolate
200
2310
44d
8¢ violet black imperf
650
1320
45b
10¢ pink
475
1350

Jubilees
Scott No.
Description
Catalogue Value
Price Realized
50
½¢ black
250
1200
55
6¢ yellow brown
500
1600
57
10¢ brown violet
250
1008
58
15¢ steel blue
500
1446
59
20¢ vermillion
500
2400

Maple Leafs
Scott No.
Description
Catalogue Value
Price Realized
72iii
8¢ brownish orange
900
1050

Numerals
Scott No.
Description
Catalogue Value
Price Realized
82
8¢ orange
350
1512

Edward VII
Scott No.
Description
Catalogue Value
Price Realized
91
5¢ blue
375
3575
91a
5¢ blue imperforate
1000
1624
92iii
7¢ straw
900
1064
93a
10¢ brown lilac imperf.
1000
1008

Quebec Tercentenary
Scott No.
Description
Catalogue Value
Price Realized
100
7¢ olive green
310
1008
101
10¢ dark violet
325
1232
101a
10¢ dark violet, imperf. pair
900
1300
102
15¢ red orange
375
1044
102a
15¢ imperforate pair
900
1400

Admirals
Scott No.
Description
Catalogue Value
Price Realized
111
5¢ dark blue
300
1232
113v
7¢ major re-entry (U)
-
1150
120i
50¢ silver black
750
2310
120a
50¢ black
475
1900

Modern
Scott No.
Description
Catalogue Value
Price Realized
158
50¢ Bluenose
350
1064
158iii
50¢ "Man on the Mast"
2000
2820
159
$1 Parliament
550
1064
159b
$1 Parliament imperf.
1350
1180
208a
3¢ Cartier imperf
800
1017
926Bf
36¢ Parliament imperf.
1300
1044
1159a
6¢ Red Fox imperf.
1800
1050
1182a
$2 McAdam imperf.
1000
1200

Back of the Book
Scott No.
Description
Catalogue Value
Price Realized
E5a
20¢ Special Delivery imperf.
725
1025
F2i
5¢ Registered - green
600
1050

Conclusion
It certainly doesn’t come as a surprise that such a large number of stamps have crossed over the $1,000 threshold. Our viewers should be aware that only stamps that are of the very finest quality attract these high prices. Stamps of more ordinary quality might not sell for even half of the above. Thus, quality is everything, but where it exists, there is great demand for it and, in this market, this demand will continue to push prices up.

Some people who have been around for awhile might consider these prices to be totally unreasonable. All we can say in reply is that the market is recognizing that there are very few really outstanding copies of Canada’s early stamps available and so long as there is great demand, prices will continue to rise until that demand is satisfied. We don’t seem to be quite there yet.


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©2007, Canadian Stamp Auctions Ltd., Montréal, Québec, Canada