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Letter Re: Forever Postage Stamps as an Inflation Hedge
Jim,
I read the piece about the Forever stamps. Not a bad idea if you mail
things. But why pay face value? Stamp collectors often purchase large quantities
of stamps looking for a one or two particular stamp. Usually they sell off
the remaining stamps at less
than face value. Also, many stamp collectors invested in full sheets of Stamps
issued in the 1950s and 1960s, thinking full sheets would appreciate in
value (They didn't.) These sheets and other bulk postage can often be found
selling
at 50% to 90% of face value on eBay.
So, if your readers need a boatload of stamps, and send regular mail often,
this may save them some money. Also, I think this is obvious, but remember
to factor in shipping as part of total cost. - Bill
