8 things to consider when collecting stamps

Back in 1840, when the first postage stamp appeared in Britain, chances are no one would have guessed that stamps would become a collector’s item. If you are considering becoming a “philatelist,” A.K.A. a stamp collector, as a hobby or an investment, there are a few things you should consider before you get started.

One of the first things you’ll need to decide is what kind of stamp to collect. Stamps can be:

• commemorative (large and colourful, printed in small quantities only once, and often honour a person, event or subject);
• definitive (smaller, printed in large quantities, more than once); or
• special (such as Christmas, love, holiday celebration, priority mail, express mail).
   

You may want to focus on a specific type of collecting as well:

• Worldwide – while you may not be able to collect every stamp ever made in the world, since there are around 10,000 stamps issued in the world each year, you’ll definitely have plenty to choose from. 
• By country – you may want to focus on one specific country – either the one you live in or one that you’ve visited or have a special affiliation to.
• By topic – choosing a topic, such as animals, birds, flowers, space, Disney, or sports, is becoming an increasingly popular method of collecting stamps.
• Mint vs. used – typically, people will collect either mint or used stamps. Mint stamps have never been used and often cost more. Used stamps may be easier to collect and may also be collected for the cancellations on them.

You can find stamps almost anywhere:

• Purchase them new at your local post office.
• Ask friends, relatives, and local businesses to save them for you (especially those who live in different locations around the country or the world).
• Find a stamp dealer in your area
• Join a local stamp club to trade stamps with other members or ask for help getting started.
• Attend a stamp show to find rare stamps and meet other collectors.

If you’re collecting used stamps, you’ll need to know how to get the stamps off the envelopes without harming them. Here’s what to do: tear or cut the envelope around the stamp, leaving a small margin. Then, according to the Smithsonian National Postal Museum in the Unites States, soak the stamp, face down, for a 15-20 minutes in cool water. Once the stamp floats free, remove it from the water using stamp tongs, dry it between paper towels and put a heavy book on it for a day, so it doesn’t curl.

• Magnifying glass – to examine your stamps up close
• Tongs – to pick up and move stamps
• Perforation gauge – to measure perforations along the edges of your stamps
• Watermark detector fluid – to enhance a watermark, design, or pattern pressed into the stamp during manufacturing

You can store stamps in an album or on loose leaf paper in a binder, by using stamp hinges, glassine strips with gum on one side, or stamp mounts, which are clear plastic sleeves. Transparent glassine envelopes can also protect your stamps from grease and air.

Get yourself a stamp catalogue. That will give you an idea of how much different stamps are worth, based on how rare they are. Whether your stamps are mint or used, and what condition they’re in (if they are faded, stained, or torn) will also affect their price.

There are lots of stamp clubs around – both online and locally.

If you have more than a few stamps or are collecting rare stamps, you may want to protect your investment with the right type of insurance. Look for an insurance company that specialises in fine art and collectibles.

At Chubb, we insure collectibles as part of our Masterpiece Home and Contents policy. Learn more about how our Masterpiece policy can help cover the special pieces you’ve acquired over the years.