HOW TO MAKE MONEY WITH YOUR HOBBY

HOW TO MAKE MONEY WITH YOUR HOBBY



HOW to​ MAKE MONEY WITH YOUR HOBBY
Millions of​ people all over the​ world collect stamps as​ a​ hobby,​
and the​ number is​ growing every day.
It is​ indeed an​ exciting and rewarding hobby,​ and it​ can also be
extremely profitable.
The price of​ stamps vary with supply and demand due to​ the​ number
of collectors increasing .​
The price of​ stamps is​ steadily rising,​
as the​ supply of​ stamps diminishes and more people want to
acquire them.
Most people start a​ collection for the​ pleasure and education
just like any other hobby,​ but this hobby offers a​ financial
reward as​ well,​ as​ collections experience a​ steady increase over
the years.
It is​ possible to​ start your own business if​ you​ are experienced,​
and already have a​ good size collection .​
For information about
becoming a​ dealer,​ write to​ the
American Stamp Dealer's Association
147 W 42nd Street,​ New York,​ NY 10036.
HOW to​ START:
Some people very early in​ life collect stamps,​ it​ often begins as
a gift of​ a​ small package of​ stamps given to​ a​ child,​ and the
child becomes a​ collector for life .​
As the​ collection grows,​ some
tools become essential:
* Stamp album
* Hinges
* Magnifying glass and tongs
They can be obtained from a​ stationary store or​ your local stamp
dealer.
You can find albums at​ any price,​ starting from about $5.00 to
the most expensive one at​ about $200.00.
Stamps Should always be handled carefully,​ because the​ condition
is a​ very important factor to​ determine the​ price of​ resale
value.
The various grades of​ stamps are: mint,​ very fine,​ fine,​ good and
poor.
Specimen in​ outstanding condition often sell at​ many times their
catalog value,​ which is​ the​ reason not to​ mishandle any stamp,​
which could drastically reduce their value.
If you​ want to​ know if​ you​ have valuable stamps in​ your
collection and are really serious about persuing this hobby,​ you
can buy the​ Scot's Standard Postage Stamp catalog which lists
every stamp in​ the​ world .​
This is​ a​ three volume encyclopedia and
is the​ complete reference .​
You can also consult it​ at​ your local
library if​ you​ don't want to​ go into the​ expense for the​ time
being.
To start your collection,​ ask everybody you​ know to​ save you
stamps they get from different countries,​ also go through old
letters and small boxes hidden in​ your attic,​ chances are that
you will be surprised to​ see how much you​ can find .​
Other cheap
sources of​ supply are flea markets and garage sales .​
Start
swapping when you​ have doubles .​
There are many philatelic clubs
all over the​ country and it​ would be very advisable for a​ serious
collector to​ belong to​ one .​
This way you​ will become educated in
this field and learn everything you​ can before you​ spend money on
your collection .​
Stamp clubs also provide their members with
possibilities to​ exchange and sell your stamps.
You should also read as​ much as​ you​ can about stamps by
subscribing to​ a​ philatelic magazine.
WHERE to​ SELL YOUR STAMPS:
Stamps are like any other commodity,​ you​ can always go to​ a
dealer who will offer you​ the​ current wholesale value of​ your
stamps,​ but you​ can do much better by selling to​ other stamp
collectors by advertising in​ magazines and newspapers specialized
in stamp collecting.
Check several current issues of​ those magazines,​ it​ will enable
you to​ compare the​ ads with what you​ have to​ offer.
If you​ want to​ buy stamps as​ an​ investment,​ try to​ buy few
moderately expensive stamps a​ year .​
Always buy quality instead of
quantity,​ and diversify,​ do not invest heavily in​ a​ single area.
It is​ our opinion that stamp collecting is​ one of​ the​ best
ways--and safest--to keep up with inflation .​




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