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A book that will help collectors avoid common mist
Although this book is now over 25 years old, I recommend it to people interested in learning about postage stamps as an investment. The first paragraph in the book makes it clear that ?stamp collecting is a hobby that rarely matures into a good investment?. Having stated that, the author devotes much of the balance of the book to informing the reader how an educated collector can make stamp buying decisions that may provide a hedge against inflation. Trikilis states that investors are not collectors; that investors should never invest in new issues of any country. Nor should an investor strive to buy every issue minted by a certain country. He also states that it is always best to buy top-quality stamps, and buying stamps valued at less than $100 (in 1981 dollars) is more bother than it is worth. He expands upon these generalities with advice on how to grade stamps, what stamps to buy, and where to buy stamps, etc. Trikilis then describes his own method for evaluating and valuing a stamp collection. The remainder of the book includes sections devoted to caring for and protecting a collection, estate planning and retirement strategy, rare stamp stories, and several useful appendixes. This book was available at my local library and I found it well worth reading.
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