ctos
Ctos are a grey area for me, now that it comes to listing some of these "hybrids". How do you handle them? Specifically, I've run into Russian sets that are corner-cancelled with various states of NH gum, hinged gum or no gum. How does one price these and does the backside's situation affect listing and pricing? Appreciate any ithoughts.
Comments
Ron If you don't mind I'll take a run at this. I am from Serbia, David is from Russia, with that said if you are (the hypothetical you) going to collect Eastern Europe you are going to add CTO to your albums, at some point you just will. French Africa, same thing. No one called out the PRC several years ago when that junk was trading higher than gold, and all of it used is practically CTO, doubt you'd find someone telling you that that material is undesirable. Scott clearly states for the CTO offenders that prices listed after such and such point are for CTO.
And the truth of the matter is this, the bulk of the buyers out there are filling Scott internationals, minkus master globals, the general world collector. I don't get specialists on here seeking rare district overprints from the Mexico Hidalgo's or paper varieties on the Numeral issues. Just normal collectors filling spaces. When I do list something CTO from Russia I usually include it in the listings title as CTO but not always, it depends on my mood that day. And it always sells, always.
One more point here, when dealing with Russia & Eastern Europe, it is good to keep in mind that those Governments short printed one value from many sets from the 1950's-1980's and it is not always the hi value from the set. And when you handle the same material year in and year out in volume you see what is never showing up but the catalog doesn't reflect it in the price All we handle private treaty is these countries, almost 35 years now, and I have a folder full of clients looking for many of these stamps from said period, with notes telling us CTO is fine because they have been looking for years and will pay full blown Scott even for a CTO copy, because it just isn't out there.
Kitty R
One thing to remember about CTOs is that most often the CTO is what you can find as postally used copies are scarce, and often sell for much more than a CTO.
Well Ted and I have at least nice legs and good taste in dresses in common!
I had no idea anyone cared until a couple buyers brought me up to speed a few years ago. That's why you'll see I mention "hinged" on CTO stamps if they're from PRC nowadays.
Funny thing about it is I don't collect CTOs, but I'll sell them at the drop of a hat.
CTOs are created as such to prevent such stamps from seeing postal duty. Thus, they are not mint, and are not valid for postage. Also, the government that issues CTOs do so for the sole purpose to acquire hard currency through their sale. If a seller wants to describe a CTO tamp as having never hinged gum, I'm fine with that as long as the seller doesn't use the mint value to price the CTO. The catalogs support my statement.
Terminology used in this hobby is used for all different things using the same word. Terms ares often used intentionally for a dealer/seller to attempt to obtain a higher selling price, when in fact the item is mis-described. Fraud? You be the judge. It behooves all of us to try to use the correct terminology when describing stamps per the terminology used in the catalogs. After all, catalogs are what we use to price our stamps. To use only the values, and not apply the values to the condition of the stamp, is, in my opinion, fraudulent.
Then, my long awaited "Stamp Identifier" from H.E. Harris came in the mail. It was great...it was FREE! But, along with them came "a selection of stamps for your approval". According the the letter enclosed, I had to look at them and keep what I wanted, sending back the ones I didn't want along with a check (from my mom). Cool. I was getting sick of those big orange bags of stamps. As I looked I noticed that printed on some of the envelopes was MNH. What the hell did THAT mean. My brother, a little less patiently, explained that it meant "Mint, Never Hinged"...and mint meant "fresh from the mint as the post office sold them". OK, fine. But there was no column of prices in Scott for "Mint". My brother, his voice rising a little, said "It's the same as Unused, stupid."
But, EVERYBODY KNEW THAT COINS CAME FROM THE MINT - STAMPS COME FROM THE BEP (at lease wayback then). "It just sounds better", he was screaming now, "just like when I sold my bike to Davey, I told him it was in MINT condition." I decided to leave the room just in case my father came in to see what was going on (and to avoid the knock down drag out that was bound to happen).
I was only 11, but I wasn't stupid. "Mint" meant "Unused" but somehow better and thus more expensive. I wondered if this Harris guy was trying to rip me off. My brother ripped off Davey. But then my hamster was smarter than Davey. It's a wonder I didn't just pack it all in and start a rock collection (no such thing as Mint there). Years later I ran across a "CTO/NH OG" - a cancelled stamp with Original gum. I was older and wiser by then, I ignored it and went on enjoying collecting.