Is Reselling Stamps Illegal?

What stamps are worth a lot of money?

The 10 Most Valuable U.S.

StampsThe Inverted Jenny.

(Courtesy of Siegel Auction Gallery) …

1847 Issue Block of 16 of Ben Franklin.

Almanac Stamp of 1765 or 1766.

‘Blue Boy’ Alexandria Postmaster’s Provisional.

1869 Pictorials—Inverted Center Errors.

Two-Cent Blue Hawaiian Missionary.

1860 Stolen Pony Cover.

Pan American Inverts.More items…•Jun 14, 2018.

Will post office buy back stamps?

The US Postal Service does not buy back stamps but our service allows you to sell your unused stamps. … It’s possible to have extra stamps after mailing out wedding invitations, closing a business, political campaigns or switching a mailing system for a non-profit. A large inheritance of stamps is also common.

What can I do with unused stamps?

All unused United States postage stamps released after 1930 are essentially worth face value. Therefore, you can use old stamps to make some extra cash by selling them to a stamp buyer. You can also use them to mail letters and packages through USPS.

Can you make money selling stamps?

Few collectors who set out collecting as a hobby end up with a collection worth much more than what they paid. … Only by getting a good deal on high quality stamps can you hope to earn a profit when selling stamp collection. The key word in stamp collecting for profit is “condition.” Pristine stamps earn top dollar.

Are stamps a good investment?

The answer is: very valuable. A British Guiana One-Cent Magenta stamp set a world record selling for $9.48 million. If you’re looking to invest in something different, stamps are often considered a reliable investment.

How do I sell unused stamps?

The easiest way to resell stamps is to use a stamp buying service. They purchase unused stamps from leftover marketing campaigns, wedding invitations, and stamp collections. They will offer you cash for your unused postage stamps, and have no limits on how much they can buy. Turnaround is fast, typically within 1 week.

How much is a 29 cent Elvis stamp worth?

Almost no modern US stamp, unless it contains a genuine error, is worth as much as it cost when it was issued. Factor in inflation and a 29 cent Elvis is worth is worth 3–4 cents in today’s money.

Can you put a piece of tape over a stamp?

Affix your stamps securely, but do not put tape over the stamp(s) — this invalidates the postage. If your envelope is textured, or contains decorative fibers or floral inclusions, you may want to secure the postage using a glue stick. … For more information go to Print Postage Online at www.usps.com.

Can you sell old stamps?

If you know you have rare stamps, you can sell them through several means: Local Dealer: Dealers handle both collections and individual stamps. You might sell material directly to a dealer, or you might put it on consignment.

Is stamp collecting still profitable?

There is very little reliable and independent historical information about the performance of stamps as investments. A long term view is necessary. A quick purchase and sale is unlikely to be profitable. When more traditional investments are doing well, interest in alternative investments like stamps may quickly wane.

Do pawn shops buy stamps?

Pawn shops have to account for the condition of the stamps and the market for selling them when making you an offer. A stamp can have a high catalog value, but if it’s in poor condition the price can drop. The buyer should drop their expectation by 15 percent or more.

Can you peel off a stamp and reuse it?

It is illegal to reuse stamps – though that doesn’t stop people doing it. … Some stamps are also made with little cuts in them to make it harder to peel them off. If the stamp is really uncancelled, it is very difficult for the Post Office to prove that it has been reused.

Can I cash in unused postage stamps?

It is 100% legal to resell unused stamps. If you’ve ever purchased them from the grocery store or gas station, you’ve been resold stamps. These places purchase their stamps from the Post Office, just like the rest of us. Learn more about reselling postage stamps here.

Is reusing postage stamps illegal?

Once a postage stamp has been used, it is a federal crime to: … Reuse a stamp whether cancelled or not. If you have questions concerning the reuse of postage, please contact your local Postal Inspector.

Do stamps gain value?

A March 2018 survey of stamps cited by Lehmann found that stamps valued above $1000 returned “a more respectable 1.7% 3-year rate and an average rate of 3.2% per year, giving such high priced stamps an appreciation rate of 41.3% for the period, or more than twice the rate (19.9%) for stamps below $1000.”

Can you turn in old stamps for new ones?

If you received the wrong denomination, kind, or size of stamps or the wrong envelope, you can exchange them at full postage value. Stamps can be exchanged if they are: Intact, full panes of stamps. Coils of stamps in the original sealed wrappers.

How can I tell if my stamps are valuable?

Option 1: Find out the Stamp Values by YourselfIdentify the stamp.Find out when was the stamp issued.Know the stamp’s age and material used.Determine the centering of the design.Check the stamp’s gum.Determine the condition of the perforations.See if the stamp has been cancelled or not.Find out the rarity of the stamp.

Are old stamps worth money?

Because so many stamps have been produced worldwide, avid stamp collectors, also referred to as philatelists, are well aware that only the rarest stamps hold significant value. Experts carefully study factors such as condition, age, and rarity to determine stamp collection value.

Where is the best place to sell old stamps?

Here are 6 of the best places to sell old stamps:A Collector. If you’re able to contact a collector directly, this may save you a lot of time. … A Dealer. Selling to stamp dealers is the fastest way to gain immediate money. … On Consignment. … A Stamp Show. … An Auction House. … An Online Auction.

Can I reuse stamps that haven’t been franked?

No, Postal Requlations do not allow the reuse of postage stamps – Even if they are not cancelled. Also note that they may be cancelled by tagging which you can’t see with your naked eye that easily if at all. Granted many people soak them off and glue them on a new envelope if not cancelled.

Is it illegal to sell stamps for more than value?

Today, you can purchase stamps at a variety of locations, such as convenience stores, grocery stores and even warehouses. Reselling stamps is not illegal. Although you need approval to act as an official contractor or participate in USPS programs, you are free to resell your new or used postage stamps.