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| 5630 Dunbar St. at 41st Ave. 604-684-4613 |
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Newsletter #10, December 16, 2000 |
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Collectophilia |
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Collectors love the idea of having something the kid down the block doesn't have. Never mind keeping up with the Joneses, collecting can be a classic case of one upmanship. We always caution potential clients to collect for fun, not profit and the money will look after itself. Collecting is a pasttime and a passion, not a second career. It is not easy to make money in collectibles, but a collection is a form of forced savings, and a quality collection is an asset that can be passed on through generations, or liquidated when the time comes. |
 Every new stamp or coin issue is a potential investment to the neophyte and too many inexperienced collectors buy the new stuff in too large quantities so that the markets are well supplied ad infinitum. |
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| Once in a while though, opportunity knocks. Such is the case right now with a quietly released new Canadian Ten Dollar bill that emerged unannounced into circulation this month.
The 1989 Bird series Ten is due for replacement in January 2001, now just weeks away. Today, the Bank of Canada announced Dodge as its new head. The newly released Knight/Thiessen signature combination Ten is thus likely to see short term circulation. Twenties appear to be the workhorse bills at the moment as they are widely dispensed by bank cash dispensing machines. Dodge's signature should replace Thiessen's on the new notes. These factors suggest the new Knight/Thiessen Ten might have a better than usual future. You need one for your collection anyway. Watch out for radar notes, where the numeric portion of the serial number is that same forwards and backwards, as in 12344321. They are about one per thousand and are thus much prized by collectors. Another limited time opportunity came across our desks this week when one of our clients called suggesting they were selling 47c stamps for 46c each at the local postal outlet. This is not as implausible as it sounds, because new stamps have been shipped to the post offices for the January 2001 postal rate increase to 47c from 46c, for domestic use, to 60c from 55c for use to the U.S.A., and to $1.05 from 95c for International use. Our client said the postal clerks claimed they had run out of 46c stamps already and were simple trying to keep up with late seasonal demand. Well, we liked the idea of making a few pre-first day covers and maybe making a news story out of the early appearance of the new stamps. The post office however were not letting us in on the deal and we had no luck playing early birds. Not that there has yet been a market for early issued stamps. I cannot help thinking about the apparently unissued rate increase Christmas stamps that have surfaced in the last few years. Year end issues involving rate changes sometimes get recalled it seems. Collectors must be ever vigilant for opportunites to stay ahead of the Joneses. |
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Newsletter #11: Let us Collect our Thoughts |
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5630 Dunbar St. at 41st Ave. Phone: 604-684-4613 Fax: 604-266-4515 e-mail: collect@direct.ca |
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